Tesla’s earnings announcements often feature big surprises, but this one was a bolt of lightning. The California carmaker earned $1.86 a share in the third quarter, far exceeding even the most optimistic projections (according to Bloomberg, the smart money was expecting a 24-cent loss). Revenue actually came in just short of expectations, at 6.3 billion… Read more »
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Is the honeymoon over for Tesla and Panasonic?
The relationship between Tesla and Panasonic has been a rocky one from the start. When Gigafactory 1 was in the planning stages, the Japanese giant waffled about how much it planned to invest, causing TSLA stock to gyrate. Panasonic doesn’t seem to have prospered from the partnership – the conglomerate’s battery unit is reported to… 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 »
Tesla’s acquisition of battery manufacturer Hibar points to new plans to build battery cells
Tesla has quietly acquired Ontario-based Hibar Systems, which specializes in battery manufacturing. The California carmaker has made no official announcement, but Electric Autonomy Canada learned from federal lobby registration documents that Hibar became a subsidiary of Tesla sometime between July and October. Hibar Systems was founded in the early 1970s to make small cell batteries,… Read more »
Tesla’s “biggest software update ever” includes Smart Summon feature
Tesla’s Software Version 10.0, which the company calls “our biggest software update ever,” will be rolled out to Tesla owners around the world this week. The star of the show is Smart Summon, which appears to be a major step towards full vehicle autonomy: With Smart Summon, customers who have purchased Full Self-Driving Capability or… Read more »
Tesla battery experts describe million-mile cell in new paper
At the Tesla Autonomy Event in April, Elon Musk said the Disruptors of Detroit were working on a new battery pack that would last a cool million miles, and said it would be available next year. Now Tesla battery research partner Jeff Dahn and his team have released a paper in which they describe this… Read more »
China grants Tesla a sales tax exemption for its vehicles
The Chinese government has added Tesla’s Model S, Model X and Model 3 to a list of EVs that qualify for exemptions to the country’s 10% vehicle sales tax. No reason was offered for the move, which took China-watchers by surprise. Imported vehicles are generally not eligible for the exemption. As fate would have it,… Read more »
Tesla Gigafactory 3 in China approved for production, robots moving in
Tesla’s Gigafactory 3 in Shanghai has received its first “comprehensive acceptance certificate,” a necessary permit from the government to begin operations, China’s Global Times reported. Both bureaucracy and construction are moving at record speed – the certificate was approved within 3 days, and a mere 7 months after construction began, Tesla is already installing production… Read more »
Tesla’s new wiring architecture could greatly reduce vehicle build time
Tesla has devised a new wiring architecture for its vehicles that could greatly streamline production. The new wiring system is designed to allow robots to handle more of the assembly process. One of the main reasons for the highly-publicized delays in early production of Model 3 was that Tesla tried to introduce too much automation,… Read more »