In what could only be described as a symbolic victory against the fossil fuel industry, Tesla (NASDAQ:TSLA) CEO Elon Musk’s personal net worth has now overtaken the market cap of Exxon Mobil Corp, one of the world’s most prolific oil companies. Musk was able to achieve this unique milestone following TSLA stock’s rally on Monday,…
Elon Musk has confirmed that Hertz paid full price for its massive Tesla Model 3 order. Recently, news broke that the American car rental giant ordered 100,000 Model 3 vehicles for its fleet. “To be clear, cars sold to Hertz have no discount. Same price as to consumers,” Elon Musk pointed out on Twitter. Musk’s…
Tesla (NASDAQ: TSLA) has officially reached a $1 trillion valuation after the stock price passed $1,000 per share today. The company’s valuation makes it the sixth company to currently be worth $1 trillion or more. Tesla stock surged on Monday morning following news of a massive deal with Hertz, a car rental agency. Hertz agreed to…
Tesla Full Self-Driving Beta version 10.3.1 is being rolled out to members of the company’s Beta pool this morning following a rollback after bugs were found in the initial rollout of Software Version 10.3 on Sunday. Tesla has been releasing updates to the FSD Beta program on a bi-weekly basis for several months, with new…
Tesla China has formally announced its newly completed Research and Development (R&D) center in the Gigafactory Shanghai complex. The recently completed facility will be hosting several critical programs that would benefit Tesla on a worldwide scale, such as the design and creation of the company’s upcoming $25k car. Interestingly enough, Tesla China’s announcement video for…
Hertz Global Holdings Inc has placed an order for a whopping 100,000 Teslas in a huge first step toward electrifying its rental-car fleet. Bloomberg reported the news a few minutes ahead of the press release, with sources who asked not to be identified, and said that it represents around $4.2 billion of revenue for Tesla. It will be the single-largest purchase…
Tesla battery supplier Panasonic showed off some 4680 lithium ion cells and shared a few details about its production. Panasonic recently revealed the 4680 cylindrical battery to the Wall Street Journal–a little over a year after Tesla unveiled the new cell design during Battery Day. According to the head of Panasonic’s battery unit, Kazuo Tadanobu, the…
Perhaps the single biggest mystery of SpaceX’s Starship program is how exactly the company plans to refuel the largest spacecraft ever built after they reach orbit. First revealed in September 2016 as the Interplanetary Transport System (ITS), SpaceX has radically redesigned its next-generation rocket several times over the last half-decade. Several crucial aspects have nevertheless…
Tesla’s Autopilot and Full Self-Driving Beta are, at their core, safety systems. They may be advanced enough to make driving tasks extremely easy and convenient, but ultimately, CEO Elon Musk has been consistent with the idea that Tesla’s advanced driver-assist technologies are being developed to make the world’s roads as safe as possible. This is…
Interbrand has published its Best Global Brands 2021 list, and in that it named Tesla as the fastest-growing brand of 2021. In the “Biggest Risers” section, Interbrand noted that this year’s top risers shared strong performance on three brand strength factors: Participation.Agility.Direction. It noted tech giants Apple, Amazon, and Microsoft continue to shine at the top of…