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Tesla News
Evannex
12h
122
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Rivian & VW Join Forces in a $5.8 Billion EV Power Move
- Rivian and Volkswagen have formed a $5.8 billion joint venture to develop EV technology.
- Rivian gains financial backing for its affordable SUV, while VW addresses software challenges.
- Investors are excited about the growth potential and market response to the partnership.
- Challenges include Rivian's high-cost approach and potential cuts to EV incentives.
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TechCrunch
15h
249
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Tesla issues sixth Cybertruck recall in a year
- Tesla has issued its sixth recall for the Cybertruck since its launch a year ago.
- The recall affects 2,431 units of the 2024 Cybertruck built between November 6, 2023, and July 30, 2024.
- The recalled trucks are or were equipped with a faulty drive inverter, which may result in a loss of propulsion and increase the risk of a collision.
- Unlike previous recalls that required software updates, this recall will require the physical replacement of the drive inverter, free of charge.
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Insider
15h
161
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Drivers are being 'ill-served by underwhelming EVs,' says boss of Tesla rival Lucid
- Lucid Motors CEO, Peter Rawlinson, criticized the state of electric vehicles (EVs) in the US, stating that most of them 'frankly suck' and are underwhelming.
- Rawlinson believes that the American public has been ill-served by the current offerings in the EV market.
- He also mentioned that Chinese EV firms are ahead of their US counterparts in certain areas, but attributed this to an 'uneven playing field' due to government subsidies.
- Rawlinson praised Lucid Motors' industry-leading technology but acknowledged the company's ongoing financial challenges.
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Insider
16h
349
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Cybertruck owners face another recall — and this one's likely to be a hassle
- Tesla is recalling the Cybertruck for the sixth time in 12 months due to a problem with the drive inverter.
- Approximately 2,400 Cybertrucks are affected and will require a physical fix.
- The issue can cause a loss of drive power, increasing the risk of collision.
- Tesla has faced multiple recalls for the Cybertruck, which has been plagued by quality issues.
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Teslarati
18h
347
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CATL open to US expansion if Trump approves
- CATL, a major battery supplier for Tesla, is open to building a factory in the United States if President-elect Donald Trump approves of Chinese investments.
- CATL has expressed its desire to invest in the US, but faced previous hurdles from the US government.
- The relationship between Chinese battery suppliers and US companies has faced scrutiny, with CATL having ties to Tesla, Ford, and General Motors.
- In the past, CATL's relationship with Ford raised concerns and faced investigation from the US Congress' House Ways and Means Committee.
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Insider
19h
111
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My 3 years at Tesla were the best and worst of my life
- Amanda Manley, a former employee at Tesla, describes her experience working for the company. She joined Tesla in 2017, excited to work for a company with such momentum behind it.
- Manley worked as a Department of Motor Vehicle operations specialist for Tesla, where she helped build Tesla's first official dealership in Indiana and worked on its title and registration processes from scratch.
- Manley worked exceptionally hard, often working 12 to 16-hour days and sacrificing family time. Her family life suffered from the long hours, and it wasn't until she had a son in 2020 that she realized something needed to change.
- Manley worked for Tesla for three and a half years and admits that it was the best and worst experience of her working life. She enjoyed the high-energy, ambitious environment of her team but ultimately sacrificed too much of her personal life.
- Manley recalls the company's workload demands in Q4, which were oppressive, and when she returned from maternity leave and was hit with the same workload and expectations, she realized that something had to give.
- Manley reached out to a former manager, who told her of a company looking for an auditor. She applied for the job and landed it, leaving Tesla in 2021.
- Manley is now working as a remote project manager and enjoying a life that is more balanced. She is still a true believer in Tesla and its mission, but she is aware of the damage it inflicted on her and her family.
- Tesla did not respond when Business Insider reached out for comment. If you worked at Tesla and would like to share your experience, you could email Tess Martinelli at [email protected].
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Teslarati
1d
339
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Donald Trump announces Elon Musk’s official White House role
- President-elect Donald Trump has announced Tesla and SpaceX CEO Elon Musk’s official role in the White House.
- Musk will lead the Department of Government Efficiency (DOGE) in partnership with Vivek Ramaswamy.
- The focus of DOGE will be to dismantle government bureaucracy, cut wasteful expenditures, and restructure federal agencies.
- Musk and Ramaswamy's work will conclude no later than July 4, 2026, aiming to bring entrepreneurial approach to government.
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CarExpert
1d
166
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Teslas targeted in keying attacks, offenders caught on camera
- Several incidents of Teslas being keying attacks have been caught on camera.
- One incident captured a man keying a Tesla in a California carpark.
- Another incident showed an elderly lady keying a Tesla in Melbourne.
- Tesla's Sentry Mode system records potential threats around parked cars.
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Teslarati
1d
0
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VinFast will get a $3.4 billion funding boost from parent company
- VinFast, the Vietnamese electric vehicle (EV) maker, will receive a $3.4 billion funding boost from its parent company, Vingroup.
- The funding will be provided by Vingroup by 2026 and will help VinFast reach profitability by the same year.
- Vingroup and other investors have already invested around $13.5 billion into VinFast, and this additional funding will bring the total investments to around $17 billion.
- Around $1.97 billion of the funding will come directly from VinFast founder Pham Nhat Vuong, who remains committed to raising independent capital for the company.
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Teslarati
1d
247
Image Credit: Teslarati
SpaceX sends 24 more Starlink satellites into orbit
- SpaceX sent 24 more Starlink high-speed internet satellites into orbit.
- The launch occurred at 4:23 p.m. ET on Monday, with a Falcon 9 rocket taking off from Cape Canaveral.
- It was the 12th flight for this specific first-stage booster, and it has now launched six Starlink missions.
- The satellites were of the V2 Mini variety and the booster successfully landed on the droneship.
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Insider
1d
255
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Tesla stock could soar 50% as it broadens beyond autos and as Musk exerts more political influence, Morgan Stanley says
- Morgan Stanley analysts predict Tesla stock could soar 50% to $500 a share.
- They believe that Tesla's autonomous technology could be the key to turning it into an AI giant.
- The analysts also highlight Tesla's potential in the energy sector, as its storage deployments continue to grow.
- They mention Elon Musk's increased political influence and how it could accelerate Tesla's expansion beyond being just a car company.
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Insider
1d
114
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Hertz's failed Tesla bet keeps getting worse as weak earnings challenge its stock
- Hertz shares plunged as much as 12% after reporting a deeper-than-expected quarterly loss.
- The rental car company is struggling with the depreciation and high repair costs of its electric vehicle fleet, primarily consisting of Tesla vehicles.
- Hertz initially planned to make 25% of its fleet electric by 2024 but has decided to downsize its EV fleet by 30,000 vehicles.
- The company experienced quarterly losses throughout 2021 and its stock is down nearly 69% year-to-date.
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Insider
15h
190
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Elon Musk took on another role, becoming Trump's efficiency boss. Here's the full list of his jobs.
- President-elect Donald Trump has tapped Elon Musk to lead a newly created Department of Government Efficiency. Musk will co-lead the unofficial Department of Government Efficiency with entrepreneur Vivek Ramaswamy. Musk heavily backed Trump in the presidential election, appearing at his rallies and donating millions of dollars to fundraising efforts. Musk leads Tesla and SpaceX as CEO and owns and plays a major part in running X. Musk is also involved in less-known companies, like Neuralink, which he cofounded and remains CEO of. Musk leads OpenAI's rival firm, start-up xAI.
- The role is just one of many Musk holds concurrently. His support has led to a role in the new government. He also has many other jobs, including leading Tesla, SpaceX, and AI startup xAI. Together, these two wonderful Americans will pave the way for my Administration to dismantle the Government Bureaucracy. Musk will lead the new unofficial department with Vivek Ramaswamy.
- Musk is arguably best known as the CEO of Tesla, which he was an early investor in, and has since gone on to build into a major force in the auto industry. Telsa is one of only a handful of American corporations that have reached a $1 trillion market cap, joining the likes of Apple and Nvidia. The billionaire is the boss of SpaceX, the aerospace firm he founded in 2002.
- In 2022, the business mogul acquired Twitter for $44 billion, later renaming the social media platform X and scrapping the bird logo. While CEO Linda Yaccarino runs X's daily operations, Musk remains heavily involved. Musk's Neuralink has tested its brain chip on two human patients. Another startup led by Musk is xAI, which, according to the Wall Street Journal, is in talks to raise funding to at a $40 billion valuation.
- Trump added that the pair will work to "slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies." It will also seek to "create an entrepreneurial approach to Government never seen before," though exactly how it will function remains unclear. Musk and his company aim to build a rocket system that will make it possible to build a city on Mars. The firm is developing two devices: A brain chip to help treat neurological conditions and a surgical robot which would insert the equipment into the patient.
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Mensjournal
1d
114
4 People Killed in Crash-Induced Tesla Fire
- Four people were killed in a Tesla crash in Toronto last week.
- The Tesla lost control, hit a guardrail, and crashed into a concrete pillar.
- The vehicle caught fire upon impact and was fully engulfed when firefighters arrived.
- A 25-year-old woman was rescued by bystanders, while the other occupants of the car did not survive.
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Teslarati
1d
275
Image Credit: Teslarati
Tesla makes it easier for technicians, owners to track maintenance
- Tesla has introduced a new Service History feature with its latest software update.
- The feature allows technicians and owners to easily access and track past repairs and maintenance.
- Technicians can view past maintenance and repairs using Correction Codes.
- The Service History feature is permanent and cannot be edited or removed.
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