Leo KoGuan, one of Tesla’s (NASDAQ:TSLA) largest individual shareholders, is calling on the company to provide an optimistic 2022 vehicle delivery guidance. KoGuan was revealed last year to hold over $7 billion worth of TSLA stock, making him one of the company’s most significant individual shareholders, just behind CEO Elon Musk and billionaire Larry Ellison. …
Recent reports from South Korean media outlets have suggested that companies like LG Innotek and Samsung Electro-Mechanics are currently competing for a supply contract for Tesla cameras. Citing industry sources, Korean tech publication TheElec noted that the aspiring companies are currently participating in a bidding program for Tesla’s camera modules. LG Innotek is already playing a notable…
Volkswagen Group signed a memorandum with Bosch Group on Tuesday, January 18, 2022, to explore industrial-scale solutions for battery cell manufacturing in Europe. According to VW and Bosch’s announcement, the companies want to become a European battery equipment solution provider. They plan to supply integrated battery production systems and provide on-site ramp-up or maintenance support to…
Orion Township approved General Motors’ (GM) request for a tax rebate on its proposed $1.3 billion investment to expand the Orion Assembly Plant, the facility that makes the Chevy Bolt. The Orion Assembly Plant will also produce GM’s other electric vehicles. GM plans to introduce 30 new electric vehicles to the global auto market by 2025, and…
Tesla’s importance as an automotive company is undoubtedly one of the most crucial in the storied history of car manufacturing. While Tesla’s influence undoubtedly shifted many legacy car companies to consider electrification as a potential outlet for growth and evolution, Jefferies analyst Phillippe Houchois says that now the electric automaker deserves to be in the…
Tesla CEO Elon Musk has stated that tracking his travel plans has become “a security issue” after rumors that he would fly to Germany to visit Gigafactory Berlin this past weekend surfaced. The rumors were untrue. After some reports that Musk would travel to Germany to visit Tesla’s first European production facility on Sunday had…
Tesla has recently released a video highlighting its efforts to provide excellent after-sales service to its customers in China. The quick video covered several of the company’s customer-oriented initiatives, as well as the ratings that some of its programs have received from Tesla owners thus far. Tesla China currently operates a dedicated customer support and…
Tesla has raised the price of its Full Self-Driving Capability to $12,000. The adjustment comes less than two years since the company raised FSD’s price from $8,000 to $10,000 back in 2020. The recent price increase was initially announced by CEO Elon Musk on Twitter earlier this month. In his update, Musk stated that FSD’s…
A batch of Tesla Model Y vehicles was recently spotted at Gigafactory Texas, the EV manufacturer’s new headquarters. Speculations suggest that the recent sighting could be one of the first batches of Model Ys produced in Giga Texas. While there were only a few Model Ys, the sighting hints that–at least–trial production has started at Giga…
Recent reports from the Port of Auckland have indicated that hundreds of Tesla vehicles are likely waiting for delivery in New Zealand. Demand for Tesla vehicles grew in 2021, particularly in the third quarter. It seems Tesla will continue to grow in New Zealand this year. According to sources familiar with the matter, two Wallenius…