Posts Tagged: Tesla Model X

China grants Tesla a sales tax exemption for its vehicles

The Chinese government has added Tesla’s Model S, Model X and Model 3 to a list of EVs that qualify for exemptions to the country’s 10% vehicle sales tax. No reason was offered for the move, which took China-watchers by surprise. Imported vehicles are generally not eligible for the exemption. As fate would have it,… Read more »

Maxwell’s Teflon-fibrilizing electrode process could save Tesla big bucks on battery manufacture

Tesla has completed the acquisition of Maxwell Technologies, a company that’s known for its pioneering work with supercapacitors. However, Electrek’s Fred Lambert and others have noted that Tesla’s interest in Maxwell probably has less to do with supercapacitors than with the company’s “dry electrode” technology. Randy Carlson, in an article posted on Seeking Alpha, provides… Read more »

Tough times for Tesla – Q1 earnings report lays out large loss

Tesla had a rough week. In its first-quarter 2019 earnings report, it described a loss of $702 million, or $4.10 per share – quite large even by Tesla’s standards, and greater than the $1.81 per share that Wall Street analysts (surveyed by FactSet) had forecast. Q1 revenue of $4.54 billion also fell short of expectations,… Read more »

Tesla to demonstrate Autopilot Hardware 3 capabilities

Tesla’s long-awaited Autopilot Hardware 3 computer is on the production line and on its way to a street near you. “Tesla is making significant progress in the development of its autonomous driving software and hardware, including our FSD computer, which is currently in production and which will enable full-self driving via future over-the-air software updates,”… Read more »

Fiat Chrysler to pay Tesla hundreds of millions for European emissions credits

Fiat Chrysler (FCA) has reached a deal with Tesla to count the California carmaker’s EVs as part of the FCA fleet in order to avoid paying fines for violating new European Union emissions rules. The Financial Times reported that the deal is worth “hundreds of millions of euros.” More stringent emissions standards will take effect… Read more »

Tesla Q1 deliveries disappoint, stock stumbles

Just as the Tesla story has always elicited comments from both well-informed and uninformed writers, TSLA stock attracts investors of wildly varying levels of sophistication – or, to put it colorfully, “smart money” and “dumb money.” While the dumb money periodically causes large temporary tumbles in the stock price, triggered by Elon Musk pretending to… Read more »

Tesla turnaround: some retail stores will stay open, prices will increase

Tesla can’t quite seem to make up its mind about its retail sites (or “galleries, showcases and Tesla information centers” if you prefer). Two weeks ago, the company announced plans to close most of its stores “in order to pass the savings along to our customers.” Now this decision seems to have been partially reversed…. Read more »

Tesla makes $35,000 Model 3 available, shifts to online-only sales

Elon Musk has some good news, and he has some bad news, plus some news that you may find good or bad, depending on your perspective. One thing’s for sure, there’s a lot of news – Tesla has announced a wide-ranging package of changes to its lineup, pricing and sales strategy. The big piece of… Read more »

Tesla makes CCS adapter standard on new European Model S and X vehicles

Tesla developed its proprietary Supercharger system because it wasn’t willing to wait for other automakers to agree on a fast charging standard. Since then, CCS has become the most popular standard in the US and Europe, and sprawling new networks based on CCS are being rolled out as we speak. Last November, Tesla announced that… 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 »