Posts Tagged: Tesla

Tesla Q1 deliveries blow past forecasts, set new record

Tesla turned in a delightful delivery report for the first quarter (dated April 2 to head off the skeptics). The figures—180,338 vehicles produced and 184,800 delivered—represent a new all-time quarterly record, a 110% year-over-year increase, and a beat of most of the forecasts—the average of analysts’ estimates was around 177,000. The fat figures are the… Read more »

Tesla selling EV credits to VW in China

It now appears that Tesla has been selling EV regulatory credits on three continents, and ironically Volkswagen, the legacy automaker that seems to be the most serious about electrification, has emerged as the latest buyer. Tesla has made a tidy little side business out of selling EV credits to automakers that couldn’t (or chose not… Read more »

UK cuts EV grants, excludes Tesla

The UK has been an EV leader—along with California, it’s one of the few global regions that’s been taking a comprehensive approach to electrification rather than piecemeal measures. So auto industry groups and media observers were unpleasantly surprised by the government’s recent decision to cut back its existing grants for EV purchases. The Department for… Read more »

LG to produce Tesla’s new 4680 battery cell at Korean factory

Tesla has recently introduced several battery innovations, including the new tabless 4680 cell, which it is believed to be producing in small quantities on a pilot line at its Fremont plant. However, the California carmaker has no intention of trying to produce all the cells it needs on its own. “The reason Tesla is doing… Read more »

Chip shortage forces Tesla to briefly idle Model 3 production line

Driving home the point that cars are computers, the global auto industry is reeling from a global shortage of microchips. Several major automakers have announced shutdowns or slowdowns because of the supply bottleneck. The shortage appears to have forced Tesla to briefly shut down its Model 3 production line at Fremont. An unnamed source told… Read more »

Tesla may get $1.2 billion worth of German subsidies

The European Commission recently approved a multinational project to support battery innovation, which will involve 42 companies, including several automakers. One of those automakers is Tesla, which may receive a cool billion euros ($1.2 billion) in public funding from the federal government of Germany and the state of Brandenburg, the site of the company’s Gigafactory… Read more »

EVgo makes more of its fast charging network available to Tesla drivers

In December 2019, public fast charging network EVgo, in collaboration with Tesla, began installing the automaker’s proprietary connector at its DC fast charging stations around the country (Tesla drivers can use CHAdeMO or CCS plugs, but they need a bulky and pricey adapter, and a CCS adapter only recently became available in the US). Now… Read more »

Proposed legislation would restore federal EV tax credit to GM and Tesla

Democrats in the House of Representatives have reintroduced the GREEN Act (Growing Renewable Energy and Efficiency Now), which among many other tax code revisions would once again allow Tesla and GM customers to claim federal EV tax credits. A similar bill failed to pass in 2020, but the prospects for passage seem bright under the… Read more »

Green Tesla embraces carbon-intensive bitcoin

Elon Musk is by nature an iconoclast, a disrupter, an upsetter of applecarts and a slayer of sacred cows, so his long-standing interest in bitcoin, which has been described as “a techno-anarchist project” and “a way to separate money from the state,” is not at all surprising. Now Tesla has purchased $1.5 billion worth of… Read more »