Tesla CEO Elon Musk has just left the world’s most exclusive club. Until recently, Musk has been the last and only member of the $200 billion net worth club, which used to be populated with fellow billionaires like Amazon founder Jeff Bezos. But amidst the pressures in the market today, even Musk’s net worth has fallen below…
Australian renewable energy Edify Energy has formally announced that its high-profile 150MW / 300MWh battery storage system has completed its financing. The project will be using Tesla Megapack batteries, and it will be located in New South Wales (NSW). The battery storage system will be comprised of three separate partitions; the 60MW / 120MWh Riverina Energy Storage…
While Tesla is hard at work ramping the production capabilities of Gigafactory Texas, the company is reportedly also considering some locations around North America for its next plant. The update was reportedly related by Elon Musk during a company-wide meeting with Tesla workers. During the meeting, Musk was asked about Tesla’s plans regarding the location…
Tesla’s longtime battery supplier LG Energy Solutions (LGES) announced that it would invest 730 billion won ($567.76 million) to expand its battery production capacity in South Korea. The expansion includes a new assembly line that would produce 4680 cylindrical battery cells, stated a note to the press LGES provided Teslarati. The investment is in line with…
Elon Musk will answer questions from Twitter’s workers during an all-hands virtual meeting later this week. Twitter CEO Parag Agrawal announced Elon Musk’s attendance at the next virtual meeting through a brief email on Monday, June 13. The virtual Twitter meeting is scheduled for Thursday, June 16. Agrawal stated in his email that “we’ll cover…
SpaceX has secured environmental approval from the FAA and relevant federal, state, and local stakeholders to conduct orbital Starship launches on the South Texas coast. After a relatively normal 12 months of work and half a dozen poorly communicated delays, the FAA has ultimately issued SpaceX an extremely favorable “Mitigated Finding of No Significant Impact”…
Last week, Elon Musk tweeted in a series of updates that Tesla would be attempting to service two-thirds of customer requests “same day.” One of the many benefits of owning an electric vehicle is the lack of service required. According to Autoblog, of the top 5 most common car repairs – oxygen sensor replacement, inspection of…
Tesla has fired its Singapore country manager, just over a week after Elon Musk, the company’s CEO, warned of global job losses. Christopher Bousigues posted Sunday on LinkedIn, “Tesla announced a 10% of workforce reduction. My role was chosen to be eliminated as of today.” He goes on to say, “I’m proud to have been the…
Dutch electric vehicle manufacturer Lightyear unveiled their initial EV, the Lightyear 0, on June 9, and claims it can nearly eliminate trips to charging stations due to a solar array it installed on the car. Lightyear claims its optimized solar roof, which covers the length of the vehicle, will keep drivers charged for weeks, or…
With so many electric pickups set to hit the market in the coming years, consumers are playing their hands by holding reservations on multiple EV trucks due to the uncertainty of when they might be delivered. A new survey from Recurrent shows that “about 89% of Tesla Cybertruck reservations overlap with another truck pre-order, and 100% of…