After missing in action on the last earnings call, Elon Musk was back to give his take on Tesla’s Q4 call yesterday. As always, he added quite a bit of color (and humor) to his analysis. Tesla’s “technoking” had a lot to be proud of — especially in light of another crazy year for Team…
LG Energy Solution (LGES/ 373220.KS) raised about $10.6 billion in South Korea’s biggest IPO to date, hitting a market cap of over $98 billion. LG Energy Solution soared well above its IPO price of 300,000 won ($248.67) in its first day of trading, closing 68% higher. LGES priced its IPO at 12.8 trillion won ($10.7…
Tesla’s 2022.2.1 over-the-air (OTA) update for its China-based customers includes a fun KTV function and support for a new vehicle accessory — the TeslaMic. The update is expected for a wide release on February 1, 2022, just in time for the Spring Festival in China. With the TeslaMic, families can enjoy travels during the holiday…
Tesla CEO Elon Musk said yesterday during the Q4 2021 Earnings Call that the automaker is pushing California to adopt telematics-based insurance rates. Ricardo Lara, the State’s Insurance Commissioner, is advising Musk to ease off. Telematics insurance adjusts the price of premiums based on usage. It usually can use plug-in devices or a mobile application…
Tesla’s Earnings Call for Q4 and Full Year 2021 was its most impressive in history from a financial standpoint. After accomplishing its second profitable year of operations with a healthy automotive gross margin and above-consensus reports of production and delivery figures, Tesla activated bullish commentary across the board from many analysts and firms. However, the most anticipated…
Over two years since its initial unveiling and the Tesla Cybertruck remains as polarizing as ever. But while critics continue to argue that the vehicle is simply too “ugly” or “strange” to be successful, the Cybertruck is still attracting the interest of many. The most recent one, it seems, was noted podcast host Joe Rogan,…
Tesla may already be launching two new vehicle factories this year in the form of Gigafactory Texas and Giga Berlin, but it appears that the company is still just getting started. During the recently held fourth quarter and full-year 2021 earnings call, CEO Elon Musk noted that while Tesla is not ready to announce where…
Tesla has released a new software update, Version 2022.4, which includes regenerative braking improvements when Autopilot is activated. “Autopilot will now use more regenerative braking at low speeds for higher efficiency and an improved driving experience, especially in stop-and-go traffic. Increased use of regenerative braking results in less brake pedal noise and smoother stops,” Tesla…
At Tesla’s Q4 2021 and full-year earnings call, Elon Musk talked about the company’s product goals. He highlighted that the production of Tesla’s humanoid robot, which internally has been dubbed Optimus, is one of the most important products in development at the moment. At the latest earnings call, Elon Musk announced that Tesla will not be…
Tesla’s Gigafactory Texas-built Model Y will equip the company’s Structural Battery Pack and revolutionary 4680 cells, CEO Elon Musk confirmed on the company’s Q4 2021 Earnings Call. Musk confirmed that Tesla has been building many Model Y units at Gigafactory Texas in recent days as the factory nears production approval. Upon updating listeners that Tesla would begin…