Elon Musk has some good news, and he has some bad news, plus some news that you may find good or bad, depending on your perspective. One thing’s for sure, there’s a lot of news – Tesla has announced a wide-ranging package of changes to its lineup, pricing and sales strategy. The big piece of… Read more »
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Investors sue to stop Tesla’s acquisition of Maxwell Technologies
A group of investors has filed a class action lawsuit in San Diego federal court to stop Tesla’s acquisition of battery and ultracapacitor innovator Maxwell Technologies. Bloomberg Terminal reports (via Electrek) that the litigants are calling the price of $4.75 per share (over $200 million total) and the process that led to the deal “unfair.” This… Read more »
Tesla delivers first 4 of 100 Model 3s to German EV rental company
German EV rental company nextmove, Tesla’s largest customer in Germany, plans to add 100 Model 3s to its fleet this year. The company recently took delivery of the first four units of the new sedan (the Performance version) at Tesla’s facility in Berlin. nextmove’s mission is to make EVs accessible to as many people as… Read more »
Tesla makes CCS adapter standard on new European Model S and X vehicles
Tesla developed its proprietary Supercharger system because it wasn’t willing to wait for other automakers to agree on a fast charging standard. Since then, CCS has become the most popular standard in the US and Europe, and sprawling new networks based on CCS are being rolled out as we speak. Last November, Tesla announced that… Read more »
Tesla and Jeff Dahn patent new battery cell chemistry
Tesla’s battery research group in Halifax, which is led by battery superstar Jeff Dahn, has applied for a patent on a new battery cell chemistry that promises to deliver faster charging, longer life and lower cost. In the application, entitled “Novel battery systems based on two-additive electrolyte systems,” Dahn and his team explain that adding… Read more »
Electrify America to use Tesla Powerpacks at some charging stations
Charging network operator Electrify America has announced plans to install battery storage units made by Tesla at over 100 of its charging stations. EA will deploy Tesla Powerpack systems consisting of “a 210 kW battery system with roughly 350 kWh of capacity” at over 100 charging stations. A modular system will allow EA to increase… Read more »
Tesla to acquire ultracapacitor developer Maxwell Technologies
Tesla plans to acquire Maxwell Technologies at a price of $4.75 per share, or approximately $218 million. The merger, which was unanimously approved by Maxwell’s board of directors, is to be finalized around the second quarter of 2019. Maxwell is based in San Diego and has about 380 employees. The company will be familiar to… Read more »
Tesla Q4 earnings: another profitable quarter, Model Y and Pickup in the pipeline
As expected, Tesla announced that it earned a small profit ($139.5 million on $7.23 billion in revenue) for the second quarter in a row, a major milestone for the company. Sales of Model 3 sales remain strong – with over 140,000 units sold, the electric sedan represented 80% of all EV sales in the US… Read more »
Tesla revises pricing options, reintroduces software-limited battery packs
After Tesla recently discontinued the 75 kWh versions of Models S and X, some speculated that it was a precursor to replacing the battery pack used in those models with a redesigned pack based on the newer 2170 cells used in Model 3. However, that doesn’t seem to be in the cards for the moment… Read more »
VW to join Tesla in the charging and energy storage businesses
Volkswagen has announced plans to set up a new brand called Elli – for “electric life” -to sell EV charging stations, stationary storage batteries and electric services such as clean power. Elli, which will initially be focused in Europe, will sell various home charger models, including two 11 kW wall boxes with or without WiFi… Read more »