Let’s all shed a crocodile tear or two for the poor Tesla short-sellers. Their faces (and their balance sheets) turned an even deeper shade of red this week, as TSLA shares powered through the $200 mark without tapping the brakes, on the way to $260 and beyond. A series of positive news items has driven… Read more »
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IHS Automotive: global plug-in production will increase 67 percent this year
According to IHS Automotive, EV sales are about to take off like a Model S on a freeway onramp. The research firm predicts that worldwide production of plug-ins will soar to more than 403,000 in 2014, a 67% increase. The Europe, Middle East and Africa region will account for the largest share of production at… Read more »
TSLA soars on promising news out of China
Tesla’s stock (Nasdaq: TSLA) is off to the races again – it hit new all-time highs this week, briefly poking its nose above the $200 level. Quite a feat for a stock that was trading in the $120s in November in the wake of the Model S fire incidents. Various tidbits of good news ahead… Read more »
Plenty to like in Tesla quarterly report, but red ink causes stock to slide
Tesla’s earnings report for the third quarter of 2013, released Tuesday, told a tale of steady, if modest, progress on almost all fronts. The company delivered a record number of vehicles, increased its gross margins, increased its cash balance – and either earned or lost money, depending on how you’re counting. Just over 5,500 Model… Read more »
Japanese mining firm triples lithium nickel oxide production
“Just one word, young man: lithium!” As EV production ramps up, companies at all points in the supply line for the lightest metal are getting ready for new levels of demand, from Tesla CEO Elon Musk, who recently warned that a “truly gargantuan battery factory” will soon be needed, to Panasonic, which is investing $200… Read more »
Dual battery pack could give next-generation Tesla unprecedented range
Is Tesla working on a new type of hybrid pack that combines two different battery technologies to deliver a huge increase in range? This question has been floating around the discussion groups for a few months, but several outlets reported it as breaking news this week after a couple of stock analysts discovered the story… Read more »
Samsung SDI to supply batteries to Tesla?
Tesla is looking to diversify its supply of lithium-ion batteries, and is close to an agreement with Korean firm Samsung SDI, the Korea Herald reported, citing unidentified industry sources (an SDI official has denied the report). “We understand SDI and Tesla are undergoing last-minute tests before the Korean company starts to supply its batteries,” said… Read more »
Musk expands on Tesla’s Q2 financial report
Last evening, Tesla Motors announced its Q2 2013 financial results, and afterward, Chairman & CEO Elon Musk and CFO Deepak Ahuja took questions from journalists and analysts for about an hour. As expected, Musk did most of the talking, and covered a lot of ground concerning Tesla’s future production plans and international expansion. On… Read more »
Tesla’s Li-ion battery supplier to increase production
Panasonic has told the Japan Times that it will increase domestic production of lithium-ion automobile batteries in order to meet robust demand in the US. The giant electronics maker said that it will restart idled production lines at an Osaka factory that produces batteries for Silicon Valley standard-bearer Tesla Motors as early as January, while… Read more »
Toyota increases production of lithium-ion batteries
Toyota and Panasonic plan to build a new $194-million production line to produce Li-ion batteries, with a capacity of 200,000 units per year.