In May, Tesla acquired Riviera Tool & Die, a Michigan-based firm that makes large stamping die systems used to produce automotive sheet metal parts. The Californians have now taken over the company’s Grand Rapids facility and rebranded it as Tesla Michigan. Reporter Rick Albin from local TV station WOOD recently took a factory tour and… Read more »
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Tesla Q3 results: production on track, Autopilot working fine, Gigafactory cranking up
Tesla’s latest earnings report delivered no unpleasant surprises, and that was enough to bring TSLA stock back to rude health, up almost 10% in Wednesday’s trading. The company reported a net loss of $230 million, or $1.78 per share, on revenues of $937 million in GAAP terms: $75 million, or $0.58 per share, on revenues… Read more »
Tesla aims to build cars in China
Elon Musk, speaking at Tsinghua University in Beijing, said that Tesla is in discussions with government officials in China about producing its vehicles locally, and hopes to make a specific announcement soon. Some media reported that Musk spoke of building the upcoming Model 3 in a Chinese factory within 2 years, but he later tweeted… Read more »
LG Chem to supply battery upgrade for Tesla Roadster
Tesla has confirmed that it has a contract with South Korean firm LG Chem to provide batteries for Roadster 3.0, a package of range-enhancing improvements for Tesla’s famous first vehicle. The company began taking orders for the $29,000 upgrade in September. Until this announcement, Tesla’s only known battery supplier was Panasonic, which is a partner… Read more »
Bob Lutz thinks Tesla’s in trouble
Since Tesla’s 2003 founding, there’s been a steady stream of articles explaining why it would soon go belly-up. The latest comes from a seemingly unlikely source: Bob Lutz, the “father of the Chevrolet Volt.” Back in the day, Lutz and Musk seemed like fellow travelers – the former GM exec said he would always be… Read more »
Tesla shifts focus to Model 3 as engineers prepare to start work at the Gigafactory
Tesla’s Chief Technology Officer JB Straubel gave a talk at the University of Nevada in Reno this week, as the company announced a new internship program and an investment of $1 million in the university’s battery research program. Saying that the transition to a truly sustainable world won’t be accomplished in a single generation, Straubel… Read more »
DC Fast Charging maps highlight differences between Tesla and CHAdeMO/CCS rollouts
Tesla touts its Supercharger network as a no-compromise solution for electric road trips, and has strategically placed Superchargers along well-traveled highways. Elon Musk himself has embarked on a coast-to-coast adventure in a Model S to demonstrate that it can be done in about the same timeframe as with any other vehicle. On the other hand,… Read more »
Slow sales for Tesla in Germany. Are more EV incentives on the way? (UPDATED)
Last month’s Frankfurt auto show was positively crackling with EV news, as Audi, BMW and Porsche presented concept EVs, Mitsubishi showed its 2016 Outlander PHEV, and several suppliers touted tech advances. However, the comparatively low-key presence of electric trendsetter Tesla – which was showing red, white and blue Model S but no Model X –… Read more »
Analyst: Tesla will reduce battery cost 50% by 2020
There’s a lot of future potential baked into Tesla’s stock price, but many stock pundits believe it’s headed even higher. Jefferies analyst Dan Dolev recently raised his price target for TSLA to $365.00, based on his belief that the company will be successful at lowering battery costs, and that this will improve its gross margins…. Read more »
Elon Musk: Tesla is in talks with other automakers about sharing the SuperCharger network (UPDATED)
Competing fast charging standards are a major impediment to electric road trips. If Tesla’s vast Supercharger network could be used by other automakers’ EVs, it would do much to remove this roadblock. Elon Musk has discussed this possibility in the past, and at a recent press conference in Germany, he hinted that it may soon… Read more »