Teslas

It seems as though everyone is talking about electric vehicle batteries lately. Automakers are racing to make these batteries more powerful so they can convince more people to buy EVs, and the Biden administration is spending billions to make the United States a manufacturing hub for next-generation battery technology. But even as EV batteries soak up the spotlight, another kind of battery is gaining momentum: home batteries. The concept of a home battery is simple. In the same way that a laptop battery powers a…

Tesla’s gross margin and profits are soaring to record highs as it is raising prices, which the automaker has blamed on rising costs. The company felt the need to explain itself. Over the last few years, one of the biggest storylines around the auto industry, and many other industries, has been price increases. Tesla has been no exception with almost a dozen price increases on its vehicles over the last two years. On several occasions, the automaker justified the price increases with increased costs due to…

This week on the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. This week, we dive into Tesla’s (TSLA) record earnings, discuss Tesla mobile charger not being included with new vehicles, the unveiling of the BMW i7, and more. Sponsored by Recurrent Auto: Check the battery before buying a used EV & monitor your battery performance with monthly insights using Recurrent’s free battery reports for EV owners. The show is live every Friday at 4 p.m. ET on …

As part of a lawsuit between shareholders and Elon Musk regarding his “funding secured” tweet, new text messages and emails between Musk and people involved have been released. The communications pretty much confirmed how most people saw the situation: Elon Musk took a meeting with the head of Saudi Arabia’s Public Investment Fund (PIF) and had early discussions about taking Tesla private, which he took as enough to say that the “funding was secured”. The whole ‘”funding secured” situation is coming back to light…

A judge sided with Elon Musk in a court case brought by investors over Tesla’s acquisition of SolarCity, which they claimed was pushed by Musk to bail out the solar installer. The court found that Musk was more involved than he should have been in the acquisition considering his interest on both sides, but the judge ultimately determined that Tesla didn’t overpay for SolarCity. In 2016, Tesla’s board and shareholders approved a $2.6 billion acquisition of SolarCity with a strong majority, but not everyone was…

Update: Musk reported selling 4.4M TSLA shares valued at close to $4B on Tuesday, driving the price down over 100 points and likely to purchase TWTR shares. Musk noted this evening that he wouldn’t sell any additional TSLA shares. Tesla’s stock (TSLA) is currently taking a beating and losing over $150 billion in value amidst the confusion around Elon Musk’s Twitter(TWTR) acquisition. The main question on investors’ minds is: is Elon Musk selling Tesla stocks? After a few weeks of back and forth, Twitter’s board…

Workers at Tesla’s Shanghai factory are sleeping inside the facility as the Chinese metropolis begins to ease strict lockdown measures geared toward curbing the spread of COVID-19, Bloomberg reported on Monday. Keen to fire up the production line after a highly restrictive three-week lockdown, Tesla is reported to be deploying a “closed-loop system” designed to stop workers from mixing with other people, thereby protecting them from possible infection. The closed-loop system, where workers live in a bubble to shield…

A 2021 Tesla Model 3 sedan sits in a near-empty lot at a Tesla dealership in Littleton, Colo. June 27, 2021. Tesla has recalled 14,684 Model 3s due to a software glitch that could cause collisions, its second recall this month, China's market regulator said Friday, April 29, 2022. Credit: AP Photo/David Zalubowski, File Tesla has recalled 14,684 Model 3s due to a software glitch that could cause collisions, China's market…