Tesla’s opening party for its Germany-based EV plant, which CEO Elon Musk describes as a “Giga Berlin-Brandenburg county fair & factory tour,” is in a few days. And while the excitement is palpable especially among electric vehicle enthusiasts, German police have noted that they are currently bracing for what could very well be traffic chaos…
Tesla has issued a statement responding to a San Francisco jury’s recent decision, which ordered the company to pay $137 million to a former contract employee who worked at the Fremont factory. The former worker, Owen Diaz, had accused the company of ignoring the racial abuse that he suffered through while working at the California-based…
For at least the second time in 2021, unspecified issues with a US military payload have delayed SpaceX’s next Falcon Heavy launch, this time pushing the mission into next year. Known as USSF-44 (formerly AFSPC-44), the US Air Force (now Space Force) contracted a SpaceX Falcon Heavy rocket in February 2019 to launch the classified…
Tesla battery supplier Contemporary Amperex Technology (CATL) has set plans in motion to acquire Canada-based Millennial Lithium. Millennial Lithium released an official announcement about the CATL Arrangement Agreement on its website. As per the agreement, CATL plans to acquire all outstanding shares of Millennial for CAD$3.85 (US$3.05) per common share. In total, CATL will pay a total…
Tesla (NASDAQ: TSLA) short-sellers are becoming a rare breed, new data from IHS Markit Ltd., a London-based information company, shows. For years, Tesla has been among the most shorted stocks on Wall Street. In the past, the company has had vocal critics like David Einhorn, Jim Chanos, Michael Burry, and others. However, $TSLA stock’s incredible run-up over…
Tesla’s impressive third-quarter delivery performance overshadowed the automotive industry’s ongoing struggle with the semiconductor chip shortage. Among all of the world’s automakers, Tesla has been basically the only car company to avert the crisis as it has not had any overwhelmingly public stoppages in vehicle production. Morgan Stanley’s new investor note, drafted by lead analyst Adam…
Tesla’s “Safety Score” Beta is one of the most impressive ideas to improve driving safety, in my opinion. An article from Model 3 owner and Tesla enthusiast Nick Howard explained that Tesla is essentially gamifying the act of driving, encouraging owners to drive in a manner that would allow their scores to be higher. If you know anything about…
The National Highway Traffic Safety Administration (NHTSA) has effectively rejected a petition that called for an investigation into Tesla vehicle fires and how they may be related to its over-the-air software updates. According to the NHTSA, it is unlikely that a probe would find a safety defect in Tesla’s vehicles. The petition, which was filed back…
SpaceX’s first orbital-class Starship prototype was spotted stretching its ‘wings’ on Sunday after completing a successful cryogenic proof test late last week. While minor relative to almost any other testing milestone, the small step still serves as a reminder that the end goal of Ship 20’s test campaign is a launch on Super Heavy to…
Tesla (NASDAQ:TSLA) superbull Cathie Wood of ARK Invest recently made some keen observations for investors following the automaker’s release of its Q3 2021 vehicle production and delivery report. Specifically, the ARK Invest founder pointed out Tesla’s notable increase in US car sales and GM’s decrease in the third quarter, despite the ongoing chip shortage. “Today,…