A recent report from South Korea has indicated that LG Energy Solution is currently putting more effort into becoming the main cylindrical battery supplier for American electric car maker Tesla. To reach this goal, LG is reportedly looking to extend its 2170 cell production lines at its Nanjing, China plant, potentially allowing the South Korean…
Tesla (NASDAQ:TSLA) reported that on Tuesday it is launching a capital raise of $5 billion. The step, which will result in a dilution of around 0.8 percent, is poised to provide the company’s already formidable balance sheet with an additional $5 billion. Tesla’s latest announcement of capital raise comes on the heels of TSLA shares…
In China, the Tesla Model 3 has made some serious progress, with recent data from the China Passenger Car Association (CPCA) showing that in November, the electric car manufacturer sold 21,604 units of all-electric sedans domestically. Compared to Model 3 sales in October, when Tesla sold 12,143 units in China, this represents an increase of…
According to a document filed with the Texas Secretary of State, Elon Musk officially moved the Musk Foundation to Austin, Texas. The quiet transition from California to Texas by the Musk Foundation suggests the Tesla CEO may move to the Lone Star state, or at least that he is seriously considering the option. In Austin, during…
Last Friday, November 27, Tesla Chief Engineering Officer Elon Musk tweeted that the rather advanced beta version of Tesla’s Full Self-Driving suite would probably be going out to significantly more owners in ~2 weeks, which would now make that about a week away. For those of us eagerly waiting for this update to hit their…
Tesla and Formula E: Will it ever happen? Probably not. At least, that’s what Elon Musk says, and he believes that production and scalability are more important. For the global EV scene, they certainly are, while professional motorsports are really just a trivial part of what Tesla does. While the company does build and create…
SpaceX has successfully launched a flight-proven Falcon 9 rocket for the historic launch debut of the Cargo Dragon 2 spacecraft. The weather is just 40 percent favorable for tomorrow’s 11:39am EST (16:39 UTC), December 5th launch attempt, but conditions are expected to clear up about 11:15am EST, jumping to 80 percent favorable during a backup…
Elon Musk has told friends and close associates that he wants to move away from California and to Texas. A recent CNBC report notes that the CEO has ambitions to leave the Golden State and instead become a citizen of the Lone Star State, although the reasons for this are not completely understood. The big…
It’s Friday night, so … Being in the holiday spirit is great, but a driver in Burnaby, which is in Canada, apparently went a little too far when they duct-taped holiday lights to their Tesla. Police pointed out that this could be dangerous, especially if they fell off in traffic. Also, a vehicle with holiday lights is…
The Boring Company recently shared what appears to be a first look at the Las Vegas Convention Center Loop’s site for its “tunnel rave” party. Similar to The Boring Company’s previous posts, the video of its “tunnel rave” site was accompanied by a rather short caption. Despite this, members of the Tesla community on Twitter…