Elon Musk is predicting that some companies will go bankrupt within the next 12 months. He didn’t go as far as saying that they would be Tesla competitors, but he made it feel like given the context. Which ones could it be? Over the last year, Musk has often complained about macroeconomics, inflation, and interest
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A new report states that Tesla has proposed to build a factory in India during a meeting with officials today. After years of negotiation in the world’s most populous country, it would mark a reversal of its strategy. India has the biggest auto market that Tesla has yet to enter. For years, Elon Musk said
Tesla gave an update on its humanoid robot program, which is known as Tesla Bot or Optimus. New images of prototypes were quite impressive – making the project look less like a sideshow and increasingly like a potentially real product. When Elon Musk first announced the Tesla Bot, many laughed it off as a sideshow
Tesla co-founder and former CTO JB Straubel is officially joining the company’s board of directors following a shareholder vote. JB Straubel was a co-founder at Tesla and the company’s longtime chief technology officer until he left in 2019 to launch Redwood Materials, which is helping create a North American battery supply chain. After Elon Musk, Straubel
Tesla has teased its next electric car with a new image of the silhouette, and Elon Musk says it is already being built. Today, Tesla held its annual shareholder meeting. While CEO Elon Musk said that the meeting was not the right place to make a new product announcement, he still decided to tease Tesla’s
Tesla CEO Elon Musk said that the company is going to “try advertising” after years of resisting the idea and even saying that he “hates advertising.” For years, Musk has famously said that he despises advertising. He said that Tesla doesn’t pay or provide discounts for celebrities to drive its cars and that the automaker
Tesla is planning to finish the design and engineering of the next-generation Tesla Roadster by the end of this year and “hopefully” put the vehicle into production next year, according to CEO Elon Musk at Tesla’s shareholder meeting today. The next-generation Roadster was originally announced by surprise in 2017 at the Tesla Semi Unveiling event.
Despite plans to scale back in the region, Ford is planning to use the market in China as a “listening post” to help the automaker better understand EV battery tech. According to CEO Jim Farley, speaking with the Financial Times, Ford will use a concentrated approach in China amid growing competition from domestic EV makers.
Tesla (TSLA) is holding its annual Shareholders Meeting at 4PM ET today and here you can find all the news coming out of the event. You can watch the live stream of the event below. Like every public company, Tesla has to hold an annual shareholder’s meeting where shareholders vote on some items like director
The US House of Representatives and Senate voted to restore tariffs on solar panels made in four Southeast Asian countries. President Joe Biden just vetoed that legislation. And good thing, because that legislation would have seriously injured the young US solar industry. May 16: President Joe Biden has vetoed legislation passed by the US Senate
Tesla won a critical case in Delaware’s Supreme Court to allow the direct sale of electric vehicles in the state. To this day, there are still some states that prevent Tesla and other automakers from selling directly to consumers. It’s due to old laws put in place to protect franchise dealerships against automakers that were
Police will use controversial live facial recognition technology to scan crowds in Cardiff city centre for the start of Beyonce’s UK tour. The pop sensation will perform at the capital’s Principality Stadium as part of her Renaissance World Tour – her first in seven years. South Wales Police confirmed on Tuesday they will be using
Tesla has applied to expand Gigafactory Shanghai to produce over 1 million vehicles and add pouch battery cell production. Gigafactory Shanghai is a significant success story for Tesla. The factory went from beginning construction in December 2018 to starting production in December 2019. Within just two years of starting production, it became the biggest/most productive
Tesla continues to have the two top-selling vehicles in California, with the Tesla Model Y extending its #1 sales lead over the competition and the Model 3 holding strong at #2. But other manufacturers’ sales are picking up too, leading the state to a 23.2% market share for vehicles with plugs – 19.5% BEV and
Tesla is looking at a potential “significant investment” in France, likely in the form of a factory, following CEO Elon Musk meeting with President Emanuel Macron. Musk flew to Paris to meet with Macron today, and the goal of the meeting was reportedly to discuss the potential of Tesla investing in France. The automaker had
Chinese EV maker ZEEKR has ambitious plans in Europe over the next several years. The EV maker’s European head, Spiros Fotinos, says ZEEKR wants to be among the top three premium pure EV makers by the end of the decade. Established by the parent company Zhejiang Geely Holding Group, or simply Geely, in April 2021,
Ferrari (RACE) will continue to develop and build internal combustion engines (ICE) well into the late 2030s despite calls from several of its key markets to adopt EVs. According to Ferrari’s CEO, the automaker will continue to build ICE vehicles as “an essential part of the company’s heritage.” Ferrari still resists EVs and will continue
Elon Musk told Tesla employees that he wants to approve every new hire at the company personally. It’s a surprising move for a company hiring about 30,000 people per year. Electrek obtained an email that the CEO wrote to Tesla employees today. In the email, Musk said that he wants to get a better understanding
Tesla is again facing a class action lawsuit for limiting the battery capacity inside its vehicles through a software update. Back in 2019, Electrek reported on several reports from Tesla owners about seeing significant drops in range from 12 to 30 miles following a software update. The charging speed was also greatly affected. Model S vehicles with 85
Tesla is stepping up its in-car driver monitoring as it starts to count yawns, blinks, and more to keep track of how drowsy the driver is. Over the years, Tesla has been criticized for not putting a lot of emphasis on driver monitoring with its advanced driver-assist features under the Autopilot and Full Self-Driving packages.