Posts Tagged: Tesla Model 3

Tesla to acquire ultracapacitor developer Maxwell Technologies

Tesla plans to 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… 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 »

Elon Musk breaks ground at Tesla’s Shanghai Gigafactory

Elon Musk joined the mayor of Shanghai and other local government officials for a ground-breaking ceremony at the site of Tesla’s new Chinese plant. Tesla plans to invest around $2 billion in the facility, which is expected to have a capacity of about 500,000 vehicles per year. The company hopes to finish initial construction this… Read more »

Tesla’s Q4 vehicle delivery numbers and $2,000 price reduction spook investors

Tesla announced production and delivery figures for the fourth quarter of 2018, and simultaneously announced that it would reduce the prices of all vehicles by $2,000 in order to compensate for the reduction of the federal tax credit for EV purchases. “In Q4, we produced and delivered at the rate of nearly 1,000 vehicles per… Read more »

Tesla, GM and Nissan advocate for extending the federal EV tax credit

The federal EV tax credit is something of a blunt instrument, but there’s little doubt that it has encouraged a substantial number of EV purchases. The future of the $7,500 tax credit is uncertain. Recently, one Republican senator introduced a bill to expand the credit, and another introduced a bill to get rid of it… Read more »

Tesla Model 3 to get CCS Combo 2 plug in Europe

Can this be true? Is Tesla, which prides itself on doing things its own way, going to adopt the same DC fast charging plug used by ordinary EVs? Yep. The company has confirmed (via Electrek) that Model 3 vehicles sold in the European market will come with a CCS Combo 2 charge port. An adapter for Models… Read more »

Volkswagen: We can produce 50 million EVs at “much lower” prices than Tesla

Volkswagen CEO Herbert Diess has been talking some smack about going electric, and giving the big T some competition. In an interview with Automotive News, he threw out a figure of 50 million electric cars, and said VW will be able to offer “much lower” prices than Tesla. According to AN, “VW has booked production… Read more »

Tesla names new Chairperson, laps BMW, knocks on door of S&P 500

Changes are afoot at Tesla. The company has announced that existing board member Robyn Denholm will replace Elon Musk as Chair of the Tesla Board, effective immediately. Ms. Denholm will be serving as Tesla Chair on a full-time basis, and plans to leave her position as CFO and Head of Strategy at Australian telecom giant… Read more »

Tesla patents clamping system that could prevent panel gap problems

One of the most common complaints about Tesla vehicles has been inconsistent fit and finish, specifically abnormally large or irregular gaps between body panels. Now the company has applied for a patent on a new clamping system that it hopes will eliminate the issue once and for all. Tesla explains in its patent application (via… Read more »

Tesla’s back! Q3 earnings report includes record revenue and healthy profit

Those of us who saw past the tweets and the alarmist headlines were expecting good news from Tesla’s third-quarter earnings report, as it became apparent that demand for Model 3 remains robust as the company emerges from production hell. However, even most true believers were expecting a small loss, or perhaps a nominal profit. Instead,… Read more »