Key Points 🔄 Redwood Materials, led by former Tesla executive JB Straubel, has acquired lithium-ion battery recycler Redux Recycling GmbH in Europe. 🌍 The acquisition aims to strengthen Redwood’s battery-recycling capacity in Europe and establish a presence in the European market. 🇩🇪 Redux Recycling GmbH is a German lithium-ion battery recycler with a facility in…
Key Points 🚗 The Tesla Model 3 Highland has arrived in Italy’s showrooms. 🇮🇹 Deliveries for the refreshed Model 3 in Italy are set to begin next month. 📸 Tesla Club Italy shared pictures of the Model 3 Highland’s unveiling event. 💰 Pricing for the Model 3 Highland RWD starts at €42,490, while the Long…
Key Points 🚗 Tesla Model X estimated delivery dates in the US have been pushed back to November to December 2023. 💲 Tesla implemented price cuts for the Model S and Model X, making them more competitive. 📈 Price cuts have led to increased orders for the Model X, resulting in delayed delivery dates. 🇨🇳…
Key Points 📉 Tesla China witnessed a 20.56% decrease in insurance registrations, with 8,500 registrations in the week ending September 17, compared to 10,700 in the previous week. 🚗 These registrations likely pertain to Model Y, as Model 3 deliveries in China are expected to start in Q4 2023. 🏭 Gigafactory Shanghai is the sole…
Key Points 🚀 CS Energy’s $150 million Chinchilla battery project in Australia is supported by 80 Tesla Megapack systems with a capacity of 100MW/200MWh. 🏞️ The Chinchilla Battery is part of CS Energy’s Kogan Clean Energy Hub and is located near Chinchilla on the Western Downs. 🍉 Chinchilla is known for its Melon Festival and…
Key Points 📱 Tesla is adding new functionality to its mobile app for managing Wall Connector home charging equipment. ⚡ Users will be able to control Wall Connector features like charging schedules and access data on other home energy products through the Tesla app. 🌐 Tesla’s third-generation Wall Connectors have Wi-Fi connectivity and have primarily…
Key Points 💔 Elon Musk denies reports of Tesla considering a factory in Saudi Arabia, calling it false. 🚗 Tesla has ambitious production goals, aiming for 1.8 million vehicles in 2023 and 20 million by 2030. 🏭 Tesla needs to decide quickly on the location for its next electric vehicle factory to meet its 2030…
Key Points 😠 UAW President criticizes Tesla for not using unionized labor during ongoing strikes at other automakers. 🏭 Tesla’s plants continue to operate normally despite the UAW strike, leading analysts to predict Tesla as the winner in the labor talks. 💰 UAW President argues that labor costs represent only about 5% of a vehicle’s…
Key Points 💰 Goldman Sachs decreased Tesla’s earnings forecast, citing concerns that price cuts by the EV company could impact its earnings per share (EPS). 📉 Tesla’s earnings are expected to be $2.90 and $4.15 per share for the remainder of 2023 and into 2024, down from previous estimates of $3.00 and $4.25, respectively. 🚗…
Key Points 🏭 The Boring Company (TBC) plans to hold an Engineering Demo Day in Bastrop, Texas, later this month. 🛠️ The event is aimed at Mechanical, Electrical, and software engineers interested in working with TBC. 🗓️ Engineering Demo Day is scheduled for September 28th, with limited invitations available. ℹ️ TBC is focused on developing…