China announced that it would eliminate subsidies that encourage consumers to purchase electric vehicles by the end of 2022. China, the largest automotive market globally, has established itself as a hotspot for electric vehicle manufacturers, as several of the world’s leading EV firms have established themselves as main players in the country’s emerging EV market.…
Tesla has captured the top spot as Norway’s best-selling car company in 2021, capturing 11.6% of the country’s market share, led by the Model 3 all-electric sedan. Norway is a monumental region for the electric vehicle transition, which reached record levels in 2021 after battery electric vehicles (BEVs) captured between 75 and 80 percent of…
Did an email to employees from CEO Elon Musk convince Wall Street analysts that Tesla (NASDAQ: TSLA) would have a slow Q4 and underwhelming 2021? It appears that, after the electric automaker announced its largest quarter as a company and delivered its largest full-year delivery and production numbers on Sunday, the question remains: Where did…
In its true last act of the year, SpaceX successfully fired up its first orbital-class Starship for the fourth time in approximately two months, placing the prototype one step closer to flight readiness. Starship S20 first left its roost in SpaceX’s Starbase factory in early August, briefly performing a fit test atop Super Heavy Booster…
Tesla’s Gigafactory Berlin has a new neighbor in the form of an office from Germany’s largest union, IG Metall. The new office would make it easier for IG Metall to attend to Giga Berlin’s workforce, which is estimated to reach as high as 12,000 when the facility is ramped up. In a statement to the German press agency,…
Tesla has released its fourth-quarter and full-year vehicle production and delivery report, and it is quite incredible. Over the course of 2021, Tesla produced an extremely impressive 930,422 vehicles. Full-year deliveries were even more insane, with the EV maker completing 936,172 handovers during the year. As per the company’s report, Tesla produced a total of 24,390…
Buying an electric car isn’t just about the much-needed transition to clean energy. It can actually save some you some Benjamins too! How much? Mike Winters at CNBC Make It looked into it and says, “With gas prices up over 58% compared to last year, you might be thinking about switching to an electric car to save money.” But…
The Tesla Model 3 will undoubtedly be named Europe’s best-selling electric vehicle of 2021, based on data provided by registration trackers. The Model 3 is Tesla’s first mass-market vehicle, and it was eventually followed by the company’s Model Y crossover. The all-electric Model 3 sedan has been Tesla’s key product to launch the company into…
Tesla is recalling Model 3 and Model S vehicles in China, citing “security risks,” China’s market regulator said on Friday, December 31. The electric automaker based out of Austin, Texas will have 144,208 China-made Model 3 vehicles, 35,836 imported Model 3 units, and 19,697 imported Model S cars recalled in the Chinese market, Reuters reported early Friday.…
On the eve of the last day of 2021, SEC filings show that SpaceX has secured another $337 million, bringing the total funding the company has raised this year to approximately $1.85 billion. While there’s evidence that SpaceX’s Falcon and Dragon launch business is easily profitable on its own, the company has been simultaneously developing a next-generation rocket (Starship)…