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Tesla Q1 deliveries blow past forecasts, set new record

Tesla turned in a delightful delivery report for the first quarter (dated April 2 to head off the skeptics). The figures—180,338 vehicles produced and 184,800 delivered—represent a new all-time quarterly record, a 110% year-over-year increase, and a beat of most of the forecasts—the average of analysts’ estimates was around 177,000. The fat figures are the… Read more »

Chip shortage forces Tesla to briefly idle Model 3 production line

Driving home the point that cars are computers, the global auto industry is reeling from a global shortage of microchips. Several major automakers have announced shutdowns or slowdowns because of the supply bottleneck. The shortage appears to have forced Tesla to briefly shut down its Model 3 production line at Fremont. An unnamed source told… Read more »

Overlooked gems in Tesla’s Q4 earnings call

Tesla’s latest earnings report was loaded with good news: the company’s sixth straight quarter, and first full year, of profitability; increased sales ($31.5 billion in 2020, compared to $24.6 billion in 2019); a healthy cash position ($19.4 billion as of year-end, compared to $6.3 billion at the end of 2019); and plausible plans for steady… Read more »

Tesla reports fourth consecutive quarter of profit, is now eligible to join S&P 500

Tesla can’t seem to take a wrong turn these days—the company announced a second-quarter profit that sent the stock price soaring, and cleared the way for the California carmaker to be added to the S&P 500 stock index. Tesla has now been profitable for a full year on a GAAP basis, which is one of… Read more »

Tesla surprises with Q1 profit, has “record backlog” of orders

Tesla has extended its earnings streak, posting a surprise profit in the first quarter, typically a tough one for automakers. The company reported record levels of production, and says its vehicle order backlog is the highest it’s ever been. “Q1 2020 was the first time in our history that we achieved a positive GAAP net… Read more »

Does Tesla’s latest patent have to do with its promised million-mile battery?

Last April, Elon Musk announced that a “1 million-mile battery pack” was in the pipeline. As a recent article posted on Forbes points out, today’s typical Li-ion battery packs are more than adequate for individual EV owners, but applications such as taxi services and long-distance trucking will require batteries optimized for longevity (according to writer… Read more »

Tesla Chief Designer Franz von Holzhausen talks EV design on Ride the Lightning podcast

It’s rare for any current Tesla exec whose name isn’t Musk to speak to the press, so Ryan McCaffrey pulled off a coup when he scored an interview with Tesla Chief Designer Franz von Holzhausen for his Ride the Lightning podcast. Holzhausen, the designer of Models S, X, 3, Y and the Tesla Semi, discusses… Read more »

Tesla non-pickup truck to be revealed in November

Tesla’s pickup truck is surely the most eagerly-awaited new vehicle since…well, Tesla’s last vehicle. Pickups are the biggest segment of the US auto market, and electrifying them will be a major, and necessary, turning point for EV adoption. Ford, GM and startup Rivian all have electric pickups in various stages of development, but Tesla is… Read more »

Frito-Lay manufacturing site to deploy electric trucks from Tesla, Peterbilt, BYD

Frito-Lay plans to make its Modesto, California manufacturing site, one of the company’s largest in the US, a “near zero-emission freight facility.” A grant from the San Joaquin Valley Air Pollution Control District (aka Valley Air) will cover half of the $30.8-million cost of the project. Frito-Lay will replace all its existing diesel-powered freight equipment… Read more »