By this time, Tesla should have been firmly on a slow but steady upward trajectory. After the last earnings report, it felt as if a corner had been turned. Tesla says (and Evercore ISI analyst George Galliers has corroborated) that it should have no problem sustaining a production rate of 5,000 vehicles per week, and… Read more »
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Short sellers burn, financial pundits fulminate as Elon Musk announces plan to take Tesla private
Wheee! What fun it must be to set the financial markets and the media ablaze with a single tweet, and incinerate $1.3 billion of your enemies’ wealth with a few keystrokes. Tesla has been through some roller coaster rides before, but this year has been unlike anything we’ve ever seen, and things just got even… Read more »
Wall Street comfortably digests Tesla’s Q2 results
Tesla isn’t like other companies, and you can never tell how Wall Street will react to a particular quarterly earnings report. Like gourmands digesting a culinary oeuvre, those of us who aspire to be seen as wise have learned to wait a day or so to let things settle before passing judgement (or making stock… Read more »
Tesla files patent for a system to isolate damaged battery cells
Tesla recently filed a patent on a new technology that could make its battery packs safer. The system is designed to isolate damage caused by failed battery cells, and prevent them from affecting intact cells in the pack. When battery cells fail, they typically release hot gases that can spread the damage to nearby cells…. Read more »
Tesla gives, and the German government takes away: Model S buyers must pay back €4,000 incentives
Are German Model S buyers eligible for the government’s €4,000 EV incentive? Well, it’s complicated. Back in 2016, when Germany introduced its current purchase incentive program, it excluded vehicles with a starting price over €60,000. The details of the program were negotiated by the government and German automakers, who are providing some of the funding…. Read more »
Teardown specialist Sandy Munro: Tesla Model 3 should deliver 30% profit margin
Model 3 is rolling out of the factory and onto the roads, and so far owners are making happy noises. But can Tesla make a profit on its much-anticipated mass-market EV? The results of two recent teardowns suggest the answer is a resounding yes. Earlier this year, a group commissioned by German automakers dismantled several… Read more »
Tesla inks agreement for Shanghai factory
Tesla has reached an agreement with the Shanghai government to build the company’s much-anticipated Chinese Gigafactory. And none too soon – last week, in response to new US tariffs, China increased the import duty on American-made cars to 40 percent, forcing Tesla to raise prices by as much as $30,000. “We expect construction to begin… Read more »
Tesla could maximize federal tax credits for its customers, but at what cost?
Some of Tesla’s customers could soon be victims of the company’s success. The $7,500 federal tax credit for EV purchases is designed to sunset when a particular automaker sells over 200,000 EVs, and Tesla is nearing that bittersweet milestone. Ironically, thousands of affluent buyers of Models S and X received the credit, while most future… Read more »
Fired Tesla employee: saboteur or whistleblower?
Tesla has fired and sued a former employee whom it accuses of hacking its computer systems and disclosing company secrets to an unidentified third party. According to Tesla, Martin Tripp, a former technician at the Nevada Gigafactory, stole confidential photos of manufacturing systems and gave journalists false information about the company. Tesla has hired lawyer… Read more »
Tesla cranks up new Model 3 production line – in a tent?
Tesla appears to be closing in on its goal of producing 5,000 units of Model 3 cars per week. The Silicon Valley superhero team just unveiled a third production line, apparently assembled in a mere three weeks in a lightweight aluminum structure next to the Fremont factory. [Editor’s note: The structure has been widely described… Read more »
