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 »
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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 »
Tesla cuts workforce by 7 percent, warns of “very difficult” road ahead
Tesla announced that it will cut around 3,000 jobs – some 7 percent of its workforce – as it struggles to bring Model 3 prices down to an affordable, mass-market level. Elon Musk said the company did manage to squeeze out a profit in the final quarter of 2018, but warned that the “road ahead… Read more »
Tesla offers a free Model 3 to anyone who can hack its system
Cars are becoming computers, and Tesla has always been at the forefront of that trend. For years, the company has worked with the “white hat” hacker community to pro-actively identify and fix security flaws in its vehicle software. Electrek reports that, over the past few years, Tesla’s bug bounty program has paid out serious money… Read more »
Musk goes to China – new Tesla Gigafactory is groundbreaking in more ways than one
Tesla’s construction of its next Gigafactory in China will be a historic event for several reasons. The facility will be of critical importance for the company, allowing it to deliver cars at competitive prices to the world’s largest auto market. Its accelerated development timeline – Tesla expects Gigafactory 3 to begin production this year –… Read more »
Volvo’s Polestar teases all-electric sedan, calls it a competitor for Tesla Model 3
Yeah, yeah – the media describes every new vehicle with an electric motor as a Tesla competitor, even if it’s a scooter or a bulldozer. However, not every automaker dares to call out Tesla by name, so let’s give Polestar points for audacity. Polestar, Volvo’s performance-cum-electric brand, has released an image of its upcoming all-electric… Read more »
