US House Speaker Nancy Pelosi seems to have confidence in Texas-based electric car maker Tesla (NASDAQ:TSLA) as she recently exercised stock options to buy $2 million shares of the company. A regulatory filing revealed Pelosi disclosed her husband’s purchase of more than $2 million in Tesla stock last week. A periodic transaction report of Pelosi’s…
Tesla plans to release FSD Beta in Canada later this week, Elon Musk stated at Giga Berlin’s Model Y delivery event on March 22. The company will tackle Europe next. “We’re getting to a point where the FSD Beta is very good in the US and later this week expanding to Canada. And then I…
Tesla will provide a 150MW/300MWh energy storage system with its Megapacks in Australia for three new projects from Edify Energy. Edify Energy is an Australian solar and battery storage developer and has chosen Tesla to provide the massive battery energy storage systems (BESS) for a series of projects in New South Wales. The projects, located…
Tesla’s Giga Fest event at its new Gigafactory Texas automotive plant just outside Austin, Texas, has gained ultimate approval from the Travis County Commissioner’s Court. Now that the event has been formally approved following public comments and a vote by the Court, Tesla would likely begin sending invitations and opening ticketing applications to the public.…
So long as Elon Musk uses his Twitter to disclose information to shareholders regarding his electric vehicle company, Tesla, the Tweets are free to be examined in a government investigation, the SEC said to a judge Tuesday. Despite Musk’s requests to throw out a 2018 decree between the SEC and Tesla, which required his Twitter account…
Tesla Gigafactory Berlin-Brandenburg may have seen its own fair share of delays, but the facility was still completed quickly — at least compared to other high-profile projects in the area. This was a point highlighted by Chancellor Olaf Scholz (SPD) during Giga Berlin’s opening ceremony, which was attended by Tesla CEO Elon Musk and several…
Tesla CEO Elon Musk was in high spirits as he helped deliver the first customer Model Y units from Gigafactory Berlin. Videos from the handover event, which are now being shared online, reveal that Musk danced for a bit while the Model Ys were being delivered. Needless to say, Musk appears to have picked up…
For years, Tesla has invested heavily in its supply chain and battery strategy. So focused was the company in these endeavors that it even decided to design and produce its own batteries, the 4680 cells. The next-generation cells are a crucial component of Tesla’s long-term plan to make electric vehicles more affordable. Elon Musk has…
Jefferies analyst Philippe Houchois seems confident that Tesla will maintain its leading position in the EV industry, even with the mounting issues companies in the auto market are facing. Houchois believes that Elon Musk’s Master Plan Part 3 will be instrumental in Tesla’s continued success. “We have been trimming estimates across our OEM coverage, but…
Tesla China’s longtime battery supplier Contemporary Amperex Technology Co. Ltd (CATL) is scouting sites across North America for its $5 billion cell plant. CATL is considering sites in North America, Canada, and Mexico for a battery factory capable of producing up to 80 GWh per year. The new plant is expected to employ up to…