Key Points 🚗 Volkswagen boss Oliver Blume believes a €20,000 ($21,714) electric vehicle could come in the second half of the 2020s. 🔑 Reduction of EV prices relies on reducing battery costs, making electric cars more affordable. 🌍 Despite current affordable EV options, many models are still too pricey for some buyers. 🤔 Volkswagen has…
Key Points 🛠️ General Motors (GM) has reportedly acquired Tooling & Equipment International (TEI), a supplier for Tesla’s gigacasting manufacturing strategy. 🚗 GM’s acquisition of TEI is seen as a strategic move to catch up with Tesla’s leadership in electric vehicles (EVs) and manufacturing techniques. 🔄 TEI played a crucial role in helping Tesla pioneer…
Key Points 📉 Tesla China experiences a 9.29% week-over-week drop in insurance registrations, recording 12,700 registrations in the second week of November. 🚗 Insurance registrations are used as an indicator of Tesla’s performance in the Chinese market, with a projected total of 22,900 registrations for November. 🔄 Tesla China often focuses on the domestic market…
Key Points 💰 Forge Nano, Inc. launches Forge Battery, a lithium-ion battery manufacturing business, with a $165M investment in North Carolina. 🏭 The upcoming gigafactory will be a 210,000 sq. ft. facility producing high-energy, high-power lithium cells based on Forge Nano’s Atomic Armor technology. 🔄 Forge Battery aims to start production on 18650 and 31700…
Key Points ⚖️ A federal appeals court ruled that Tesla can ban workers from wearing union shirts on the production line. 🤝 The court declared Tesla’s “Team Wear” uniform policy as advancing a legitimate employer interest. 📜 The ruling nullifies the National Labor Relations Board (NLRB) decision from last year. 🚫 The court agreed with…
Key Points 💌 Tesla sent invites to Cybertruck delivery event winners from a shareholder raffle. 📅 The delivery event is scheduled for November 30 at Tesla’s Gigafactory in Austin, Texas. 🎟️ Tesla’s Head of Investor Relations, Martin Viecha, announced completion of the drawing and invite distribution. 🚗 Some winners have already shared their invites on…
Key Points 🌍 Tesla and various automakers aim to eliminate rare earth metals in future EV motors to reduce dependence on China. ⚙️ Tesla’s next-gen powertrain, announced during Investor Day, will feature a permanent magnet motor with zero rare earth metals. 🚗 Other automakers such as GM, Jaguar Land Rover, Nissan, and supplier BorgWarner are…
Key Points 🚗 Tesla re-launches the Cyberquad for Kids in the U.S. as the Model 915, partnering with Radio Flyer and including a revised warning label. ⚠️ The updated warning label explicitly states that the Cyberquad for Kids is not a Youth ATV and is not meant for off-road use. 🔄 The new model features…
Key Points 📈 Tesla is currently “between two major growth waves,” according to Martin Viecha, the head of Tesla’s Investor Relations division. 🌊 The first growth wave was driven by the Model 3 and Model Y platforms since 2017, leading to Tesla achieving 1 million vehicle sales annually. 🔄 Tesla is now in an intermediate…
Key Points Tesla has quietly removed the language in its sales agreement that detailed the Cybertruck “no resale” policy after it was widely reported over the weekend that the automaker may sue its buyers for trying to sell the vehicle within the first year. News of the policy circulated on Saturday, as spotted in a…