SpaceX and Mattel are partnering to create new rocket ship toys for children. Fast Company noted that the announcement came on the anniversary of the first time humans walked on the moon. Mattel noted that it will begin releasing SpaceX-inspired toys under its Matchbox brand in 2023. In addition, astro-inspired collectibles will start to debut on its collaboration and direct-to-consumer…
Volkswagen AG CEO Herert Diess has reportedly informed the company that he plans to leave at the end of August, a new report from German media outlet n-tv said. Volkswagen’s board reportedly has agreed with Diess in terms of the departure, the report suggests. In the short report, Diess apparently surprised Volkswagen’s other executives when he informed…
Tesla’s cryptocurrency investments in Bitcoin and Dogecoin have been widely talked about since the automaker invested in the coins over the past year and a half. After revealing it offloaded a majority of its Bitcoin holdings, questions remained regarding Tesla’s investment in Doge. Tesla revealed in its Q2 2022 Shareholder’s Deck that it had decided…
Tesla’s ($TSLA) short sellers are down by $1.55 billion according to a report by S3 Partners. Yesterday, Tesla reported very strong Q2 results and the news isn’t good for those hoping for Tesla’s failure as a company. In 2021, S3 Partners pointed out that Tesla held the largest short interest in the market. Jim Chanos and David Einhorn have…
Tesla is investigating an executive in an internal probe, according to a report from Bloomberg. Omead Afshar, the executive overseeing the construction and production of Giga Texas is now the subject of an internal investigation. The internal investigation is centered around the executive’s part in a plan to purchase hard-to-get construction materials. These materials, according to…
In previous quarters, Tesla’s Update Letters have only listed the words “future product” when referring to upcoming projects that are in development. This changed in the Q2 2022 Update Letter, as Tesla indicated that the next vehicle it would be developing after the Cybertruck, Tesla Semi, and Roadster would be the Robotaxi. References to Tesla’s…
Tesla now has an exclusive lane at the U.S.-Mexico border crossing near Laredo, Texas, to expedite supply chain and logistics routes for suppliers to get parts and materials to the EV maker quickly. Tesla, less than a year from its transition from a California-based company to a Texas-based company, has struck deals with six suppliers…
Following its extremely challenging second quarter, it appeared that Tesla would probably have to be a bit conservative about its growth estimates for 2022. Over the years, Tesla’s development has been staggering, and the company has been pretty open about the idea that it is looking to sustain a 50 percent growth target every year.…
It’s the power of 100,000 testers on public roads. During his opening remarks at Tesla’s second-quarter 2022 earnings call, Elon Musk revealed that the company’s FSD Beta fleet has driven over 35 million miles. That’s a staggering number of miles driven mainly with autonomous driving technology. In comparison, Waymo, the self-driving company spun out of…
During the recently held Q2 2022 earnings call, Elon Musk and other Tesla executives discussed several aspects of the 4680 battery cell production ramp. While 4680 cells are only being used on limited vehicles for now, Tesla executives highlighted that the development of the new battery technology is ongoing. There were quite a number of questions during…