German media site Der Aktionär has reported (via InsideEVs) a rumor that Tesla is considering outsourcing European production of Model 3, possibly to Magna International, a global firm that provides parts to many OEMs, including Tesla, and in some cases even assembles complete vehicles under contract. Peter Haidenek, Finance Chairman of Tesla supplier Polytec, told… Read more »
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Tesla Model 3: Will this machine kill the Oil Age?
It’s hard to overestimate the importance of the Tesla Model 3 (although the media has been doing its best). There’s no question that it’s a momentous motorcar on (at least) three levels. First, Model 3’s success is widely assumed to be an existential issue for the company – if it fails to deliver on its… Read more »
More details emerge about the Tesla Model 3 powertrain
Tesla’s Model 3 is finally taking to the roads, and the rave reviews are taking to the internet (most of them based on little more than a short test drive at the launch event). Tesla gave us a good bit of information about the new EV at that event, but it’s revealing some of the… Read more »
Panasonic expects to turn a profit on Model 3 battery cells by next year
Panasonic’s new 2170 Li-ion battery cells, which it manufactures at Tesla’s Gigafactory 1 in Nevada, are a key component of the new Model 3. The Japanese manufacturer says it is now supplying the batteries at a loss, but expects to turn a profit next year. “For battery cells for the Model 3, costs outweighed profit… Read more »
Tesla Model 3 orders soar following launch event
Things are looking as bright as a new penny for Tesla these days. Reviewers are raving about Model 3, the latest financial results were better than expected, and the stock is back on an upward trend. In a conference call with stock analysts, Elon Musk said that this was “maybe the best I’ve ever felt… Read more »
Tesla Model 3 hits the streets
The last chapter of the Oil Age began last night, as Tesla officially presented its mass-market, long-range EV. Elon Musk drove his baby onto the stage at the Fremont factory to take some well-earned bows and thank his team. As expected, the interior is spare and clean, with nothing to break up the dashboard but… Read more »
VW claims its upcoming EV will be $7,000 to $8,000 cheaper than Model 3
Volkswagen execs have been talking some smack about Tesla. “Anything Tesla can do, we can surpass,” CEO Herbert Diess said in May. VW is working on its first native EV (that is, the first one not adapted from an ICE vehicle), code-named the ID Concept, and it has released specs comparable to those of Tesla’s… Read more »
Tesla Model 3 enters pilot production
The moment has arrived. After 14 years of hard work, the first Model 3 rolled off the Tesla production line, and Elon Musk is keeping this one for himself. The historic event took place with an uncharacteristic lack of hype, commemorated only by a couple of photos and an unexciting video. Apparently the big party… Read more »
Details of Tesla Model 3 continue to trickle out
As the long-awaited delivery date for Model 3 draws closer, more details of the world’s most anticipated vehicle are slowly coming to light. Production is to start in July, and Elon Musk has said that deliveries will begin in July as well – probably with a ceremonious handing-over over of keys to a handful of… Read more »
Damn the prototypes, full speed ahead on Model 3 production line
Tesla has never been afraid to ignore “the way things are done” in the auto industry, and its willingness to skip costly and time-consuming processes is part of the reason the company is able to get things done so quickly. As Tesla gears up for an unprecedented expansion of production volume, it plans to cut… Read more »