Battery behemoth Panasonic has announced that it will stop making lithium-ion batteries at its factory in Beijing, eliminating 1,300 jobs. A sign of waning demand for EVs? Nope, just the opposite. The 15-year-old plant produces batteries for mobile phones and digital cameras, and Panasonic plans to move away from these products (which are steadily being… Read more »
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Plug-in sales slow in June, but Tesla exceeds estimates
For the second month in a row, total plug-in sales fell short of last year’s figures. Overall US sales were 10,365 in June, 10% lower than May, and 16% lower than June 2014. The good news is that worldwide sales have shattered last year’s numbers every month so far this year. After a slow start,… Read more »
Tesla hires prominent battery researcher Jeff Dahn
Better and cheaper batteries will be one of the key enabling technologies for the clean, distributed energy system of the future. More specifically, they are a critical component of Tesla’s master plan to produce an affordable mass-market EV. The Seers of Silicon Valley added a big name to their stable of battery boffins this week,… Read more »
Elon Musk vs the LA Times: Yes, Tesla has benefited from government incentives. And?
The LA Times recently ran a “now it can be told” article highlighting the various government subsidies and incentives that benefit Tesla and Elon Musk’s other companies, SolarCity and SpaceX – a total of about $4.9 billion by the Times’ reckoning. Certainly Tesla, like many other energy companies and automakers, has benefited from a wide… Read more »
Tesla Motors book gets over-the-air update
Tesla Motors is the epitome of a “moving target,” so when I released my history of the company in mid-2014, I knew it would be out of date before long. Like the company’s vehicles, the book continues to be regularly updated, and each new version will be smoothly delivered through the magic of the internet…. Read more »
Tesla batteries already powering Wal-Marts
Tesla’s new residential and utility-scale batteries, which have the potential to revolutionize the energy market, are expected to be publicly unveiled this week. Invitations to the April 30th event teased the new product line as “the missing piece.” The company has been quietly installing systems for a while now – in a California pilot with… Read more »
Tesla third-quarter results: record deliveries of Model S, another delay for Model X
Tesla’s third-quarter shareholder letter was a mixed bag: profits are up, but mainly due to sales of California ZEV credits; Model S deliveries are right on track; and the Model X will be delayed once again. Tesla reported a small third-quarter profit of $3 million, using non-GAAP figures, which include healthy sales of Zero Emission… Read more »
Elon Musk: Tesla and Toyota may form a new partnership in a couple of years
Tesla and Toyota might just patch up their differences and form a new partnership some day, Elon Musk told reporters at an event for the start of deliveries in Japan (with a cool backdrop of three Model S in a showroom high above Tokyo). “If you look out maybe two or three years from now,… Read more »
August plug-in sales: LEAF sets all-time record, BMW i3 goes wild
August plug-in sales showed a decent increase over July, and 2014 is still on track to handily beat 2013’s figure. Sales of the industry-leading LEAF grew to 3,186 in August, the 18th consecutive monthly record, a 32% increase over August 2013, and a new all-time monthly record for any pure EV. The 2015 LEAFs are… Read more »
Tesla quarterly report: progress on all fronts
Steady progress was the theme of Tesla’s second-quarter report, released after the bell on Thursday. Development of the Gigafactory is firmly on track – the company formalized a partnership agreement with Panasonic, and has broken ground at a site near Reno, Nevada. Although, the final location of the factory is still uncertain. “Consistent with our… Read more »