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Tesla News
Teslarati
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GM & LG Energy Solution team up to produce prismatic cells
- General Motors (GM) and LG Energy Solution (LGES) have partnered to develop prismatic cells.
- This agreement extends the companies' 14-year battery partnership.
- The partnership aims to develop prismatic battery cell technology and chemistries for GM's electric vehicles.
- LG Energy Solution plans to deepen collaboration to drive growth in the EV market.
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Teslarati
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42
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General Motors Ultium Cell plant reaches major milestone
- The General Motors (GM) Ultium Cells Warren plant in Ohio celebrated a major milestone recently by producing its 100 millionth battery cell.
- The milestone was achieved five yeas after GM and LG Energy Solution announced their joint venture plans to produce electric vehicle (EV) battery cells in Ohio.
- The Ultium Cells Warren facility started battery production in August 2022, using a state-of-the-art nickel-cobalt-manganese-aluminum (NCMA) chemistry.
- GM and LG Energy Solution are expanding their technology partnership to develop cost-competitive prismatic battery cells.
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Technode
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Baidu’s JV with Geely becomes the latest Chinese EV maker struggling with money problems
- Chinese electric vehicle startup Jiyue, a joint venture between Baidu and Geely, is facing financial challenges.
- Jiyue is laying off employees, suspending debt payments, and delaying vehicle deliveries as part of a restructuring.
- The company is searching for new funding and major shareholders might stop funding its development.
- Jiyue is the latest Chinese EV maker struggling with money problems, following Neta Auto.
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Teslarati
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234
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Tesla is ramping its Cybercab testing sessions in Giga Texas
- Tesla is ramping its Cybercab testing sessions in Giga Texas.
- Videos show multiple Cybercabs being operated around the Giga Texas facility.
- The Cybercab is designed specifically for full self-driving and features two seats and a large cargo space.
- The vehicle has been showcased at Tesla stores, automotive museums, and other events.
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Teslarati
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350
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Elon Musk denies claims he is considering a $100M penthouse near Mar-a-Lago
- Elon Musk has denied reports that he is reportedly eyeing late beauty mogul Sydell Miller’s penthouse in Palm Beach, Florida.
- Page Six claimed that Musk has expressed interest at acquiring Miller’s penthouse, which is comprised of two apartments.
- Elon Musk has directly denied the reports, stating in a post on X that “I’m not buying or building a house anywhere.”
- Elon Musk’s direct denial of the report is unsurprising, considering that the CEO is not known for living in luxury, especially in the past few years.
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Teslarati
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367
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Tesla Cybertruck spotted at BYD facility in China
- A Tesla Cybertruck has been spotted at a BYD facility in China.
- BYD is likely benchmarking and conducting a teardown of the Cybertruck to gain insights.
- The Cybertruck's advanced technology, including its 48-volt architecture and steer-by-wire system, has received acclaim.
- While there are no plans for Tesla China to release the Cybertruck locally, it has attracted significant interest from Chinese EV enthusiasts.
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CarExpert
1w
406
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Tesla shares surge to record high after Donald Trump election win
- Tesla shares reach record high of $424.88, surpassing previous peak of $414.50.
- Donald Trump's election win and support from Elon Musk contribute to the surge.
- Axing of US federal tax credit for EVs may harm Tesla's rivals.
- Increased sales in China also contribute to Tesla's share price increase.
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Teslarati
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256
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Tesla is working on new parking features for Full Self-Driving
- Tesla is working on releasing new parking features within the Full Self-Driving suite.
- One of the upcoming features will be the ability to park in residential garages.
- Tesla's Head of Autopilot and AI confirmed that they are working on developing this capability.
- The company did not provide a projected release date for garage parking feature.
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Teslarati
1w
385
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Tesla completes Cybertruck regulatory filing in China just days after rumor denial
- Tesla has completed a regulatory filing for the Cybertruck in China, despite previously denying rumors of its release in the market.
- The filing with the Ministry of Industry and Information Technology (MIIT) includes specs such as range, weight, and peak power.
- Tesla CEO Elon Musk has acknowledged the difficulty of making the Cybertruck road legal in China.
- There are discussions of a potential international version of the Cybertruck, but no official confirmation has been given.
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Insider
1w
256
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Tesla stock is suddenly crushing the rest of the Magnificent 7. Here are 4 things going right for Elon Musk's carmaker.
- Tesla stock has surged 68% since its October "Robotaxi" event, outperforming major tech stocks and the Nasdaq 100.
- Elon Musk's ties to President-elect Trump and the company's Robotaxi ambitions have boosted the stock.
- Here's everything investors see going right for Tesla as 2024 winds down.
- Musk bet big on Donald Trump via massive political donations and vocal support online and along the campaign trail. His efforts were quickly rewarded.Trump appointed Musk as co-head of the newly formed Department of Government Efficiency.
- Trump's second term could ease up self-driving car rules that would pave the way for the sale of vehicles without steering wheels or foot pedals, similar to the Robotaxi car unveiled by Tesla in October.
- Tesla projected that the company would grow vehicle sales by 30%.If Tesla is able to hit that goal, it would stand to deliver as many as 2.3 million vehicles next year.
- Investors see tariffs potentially boosting Tesla over its foreign competitors as much of Tesla's manufacturing takes place in the US, which means duties on imports could ultimately benefit Tesla's vehicle sales in America by targeting foreign EVs.
- According to Deepwater's Gene Munster, General Motors scaling back its ambitions for a robotaxi network is a win for Tesla.
- This is important because much of Tesla's premium valuation hinges on its robotaxi ambitions.
- "We also believe the stock could remain at a higher multiple to reflect the long-term opportunity tied to FSD/robotics given broader market interest in potential AI beneficiaries," Goldman Sachs said of Tesla in a note on Tuesday.
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Insider
1w
34
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20 books that Elon Musk, Jeff Bezos, and Bill Gates recommend you read
- Elon Musk, Jeff Bezos, and Bill Gates are no exception.
- They’ve recommended countless books over the years that they credit with strengthening their business acumen and shaping their worldviews.
- Here are 20 books recommended by Musk, Bezos, and Gates to add to your reading list:
- Jeff Bezos’ list includes books like The Innovator’s Solution, The Goal, The Effective Executive, etc.
- Elon Musk has recommended several AI books, sci-fi novels, and biographies over the years.
- Bill Gates usually publishes two lists each year, one in the summer and one at year's end, of his book recommendations.
- In his 2022 summer reading list, Gates highlighted works like How the World Really Works, Why We’re Polarized, Business Adventures etc.
- Factfulness is a book investigating the thinking patterns and tendencies that distort people's perceptions of the world. Gates has called it 'one of the most educational books I've ever read.'
- The Sixth Extinction by Elizabeth Kolbert plumbs the history of Earth's mass extinctions, including a sixth extinction, which scientists warn is already underway.
- The Coming Wave by Mustafa Suleyman explores the opportunities and risks posed by scientific breakthroughs like AI and gene editing.
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Teslarati
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299
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Elon Musk net worth hits estimated $442 billion
- Elon Musk's net worth reaches an estimated $442 billion, making him the first person to surpass the $400 billion mark.
- Musk's net worth is boosted by his holdings in companies like SpaceX, Tesla, and AI startup xAI.
- SpaceX's valuation jumps to about $350 billion, making it the most valuable private company.
- Tesla's market cap reaches $1.315 trillion, and xAI's valuation doubles to $50 billion.
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Insider
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346
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Why GM pulled the plug on Cruise after spending $10 billion on robotaxis
- General Motors has decided to pull the plug on its self-driving venture, Cruise's robotaxi dreams.
- The decision comes after Cruise's operations were halted when one of its driverless cars injured a pedestrian.
- GM invested over $10 billion in Cruise since taking control in 2016, but faced challenges in the competitive market.
- Instead of robotaxis, GM will now focus on advanced driver assistance systems that require driver supervision.
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Evannex
1w
419
Image Credit: Evannex
Chinese EVs Are Making Waves in Mexico – What It Means for the Future
- Chinese electric vehicle (EV) makers like BYD, Chery, Geely, and SAIC are gaining traction in the Mexican automotive market due to stylish designs, competitive pricing, and practicality in a country with air pollution and rising fuel costs.
- Mexico City's driving restrictions and smog bans exempt EV owners, making EVs an attractive choice. Additionally, lower operating costs due to cheaper electricity compared to gasoline make EVs a budget-friendly option in the long run.
- EV sales in Mexico are growing rapidly, up 40% compared to 2023, and Chinese brands are capitalizing on this trend by establishing dealerships and planning local factories to expand across Central and South America.
- While Chinese automakers currently focus on Mexico, they have their eyes on the United States as well. Lower tariffs on cars built in Mexico compared to those from China could potentially make Mexico a backdoor for affordable Chinese EVs to enter North America.
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Teslarati
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29
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Study reveals less than 1% of EV owners wish to switch back to ICE
- A recent study from the Global EV Drivers Alliance (GEVA) reveals that less than 1% of electric vehicle (EV) owners wish to switch back to driving a gasoline or diesel-powered car.
- The study involved 23,254 respondents across 18 countries, with 92% of EV drivers stating they would buy another electric car if they had to replace their vehicle tomorrow.
- Only 4% of EV drivers would consider purchasing a hybrid or plug-in hybrid vehicle (PHEV), while less than 1% would go back to a gasoline or diesel car.
- The majority of EV drivers expressed satisfaction with their EV experience, citing lower operating costs and environmental friendliness as key factors.
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