I was recently given some detailed research by Daryl Elliot who discovered that Tesla has less debt than Ford or GM. All three are American automakers and last year, Tesla went on to have the largest market cap out of those two as well as all other global automakers. Before I dive into the analysis,…
Tesla (TSLA) is going on a salesforce hiring spree as demand is expected to ramp up in the US. However, the automaker is focusing on part-time positions to cut costs. Sources familiar with the matter told Electrek that Tesla is embarking on a new hiring spree for sales staff in North America. The hiring spree is starting…
A lawsuit against Tesla from two Santa Barbara, California, brothers who claim Autopilot is false advertising is being allowed to proceed to its next phase after the automaker’s several attempts to have it dismissed. Judge Thomas Anderle ruled earlier this week that Alexandro Filippini vs. Tesla, Inc. will be allowed to proceed and could be…
Tesla has added five new languages to its user interface, including Hindi, as the company prepares to emerge into the Indian market in the coming years. As Tesla continues to expand into other regions through international expansion, the company has added Russian, Hindi, Greek, Croatian, and Finnish to the user interface. The addition of new…
South Korea’s LG Energy Solutions (LGES) has dethroned China’s Contemporary Amperex Technology (CATL) as the world’s top battery vendor. LG’s accomplishment was made possible by several factors, including the strong demand and increasing momentum of the Made-in-China Tesla Model Y. According to market analytics firm SNE Research, LG Energy Solution’s installed base rose 270% to 5.7…
Goldman Sachs believes Tesla (NASDAQ:TSLA) is well-positioned for revenue growth and margin expansion after raising its EV demand outlook. On Wednesday, the European Commission announced its plans to end the sale of polluting vehicles by 2035. Following the EU’s proposal to end the sale of ICE and hybrid cars by 2035, Goldman Sachs released a research note…
Tesla (NASDAQ:TSLA) is expected to release its second-quarter earnings results this coming Monday after markets close. Tesla’s Q2 earnings report is highly-anticipated, especially as the company posted record numbers in the second quarter despite headwinds like a global chip shortage that has adversely affected the automotive industry worldwide. Tesla reported that it produced a total…
It appears that Tesla’s FSD subscriptions are designed to be as friendly to consumers as possible. This is hinted at in the company’s cancellation policy for the advanced driver-assist system, which could be described as fairly generous. Tesla’s FSD subscriptions cost $99 to $199 per month, depending on whether a vehicle is equipped with Enhanced or Basic…
Less than a week after going live with its Full Self-Driving subscriptions, Tesla reduced the price of its Hardware 3.0 retrofit offer to $1,000. Hardware 3.0 upgrades was previously priced at $1,500 per vehicle. Unveiled in April 2019, Tesla’s Hardware 3.0 is a custom-built Autopilot computer specifically designed to enable the company’s electric cars to drive with…
At the beginning of the year, there were signs that Tesla planned to significantly expand the Supercharger Network. And by the end of the year, Tesla could be reaping the benefits from its SuperCharger expansion. Recently, Elon Musk confirmed that Tesla plans to open the Supercharger Network to other EVS by the end of 2021.…