🚫 The NHTSA has closed its investigation (EA22002) into Tesla Autopilot, which aimed to assess the performance of the system. 🔍 However, the agency has opened a new Recall Query (RQ24009) to evaluate the effectiveness of Tesla’s Autopilot remedy (23V-838) rolled out in December 2023. 🚨 The NHTSA identified at least 13 crashes involving fatalities…
🏭 Over 330 Tesla Megapack batteries were spotted in the holding lots of the Lathrop Megafactory, highlighting the facility’s growing role in the company’s operations. 📈 Tesla’s energy generation and storage revenues increased by 7% year-over-year, with gross profit up 140% driven by increased Megapack deployments. 💰 Tesla Energy reached record profitability in Q1 2024,…
🚗 Tesla has launched the Quicksilver paint option for Model Y inventory units in the United States. 🎨 Quicksilver is a unique, highly-pigmented metallic paint that changes color depending on the viewing angle and light. 💰 Quicksilver Model Y units are available as Long Range Dual Motor AWD or Performance variants, with prices starting at…
🚗 Hyundai Motor Co. is investing more in its upcoming Georgia plant to produce hybrid vehicles due to slowing demand for electric vehicles (EVs). 💰 In the first quarter of 2024, Hyundai Motor reported an operating profit of over $2.5 billion and record sales of over $29 billion, with hybrid sales contributing to high profitability.…
🚚 Tesla Cybertruck Australia & New Zealand tour dates announced for April and May 2024. 📅 Sydney: 26 April – 5 May 2024, Chatswood: 6 – 12 May, Parramatta: 13 – 19 May, Miranda: 20 – 26 May. 🚗 Visitors can test-drive Model 3 and Model Y, but no Cybertruck test drives. 🌐 The Cybertruck…
🚗 Dharmesh Patel, a radiologist, drove his family off a cliff in a Tesla in an attempted murder. 😔 He was suffering from a psychotic break and major depressive disorder at the time. ⚖️ Patel is on trial for three counts of attempted murder but seeking a mental health diversion. 💊 Two doctors testified he…
🚘 Tesla’s strong earnings call has won over some investors, but analysts at Deutsche Bank believe it raised more questions about the company’s future lineup. ❓ There is skepticism among analysts regarding the pricing and details of Tesla’s new vehicle lineup, which were not provided during the earnings call. 💰 The lack of concrete information…
🚀 Legendary investor Ron Baron believes Tesla’s stock has hit the bottom and is set for massive gains with the introduction of Robotaxi and a new vehicle lineup. 💸 Baron, a long-time Tesla bull, sees the electric automaker’s stock “going up huge” from its current level of around $166. 🤖 Baron claims to have experienced…
🚗 Hertz continues to face losses from its electric vehicle investment and plans to sell off more EVs from its fleet. 💸 Hertz reported a $195 million charge to vehicle depreciation to write down the EVs held for sale in Q1 2024. ⬆️ Vehicle depreciation as a whole increased by $588 million, with $119 million…
🚘 A Tesla driver in Australia who blamed Autopilot for a hit-and-run crash with a pedestrian in March 2022 has pleaded guilty to dangerous driving. 🤥 The driver, Sakshi Agrawal, initially claimed Autopilot was engaged and that the pedestrian jumped in front of the car, but Tesla’s data and police analysis revealed she lied. 🕵️♀️…