Key Points 🚗 Tesla’s Cybertruck reservations have surpassed expectations, posing a fresh challenge for the company. 💭 Public opinion on the Cybertruck’s unique design has evolved positively over time, with over 1 million reservations. 🌟 Elon Musk asserts that the issue isn’t demand but ensuring affordability and production efficiency. 🧩 The Cybertruck’s distinctive exoskeleton design…
Key Points 🚗 Tesla has formally adjusted Giga Shanghai’s annual vehicle capacity in its Q3 2023 Update Letter. 📈 The facility’s annual vehicle capacity has been increased to over 950,000, up from the previous >750,000 capacity listing. 🏭 Giga Shanghai has been running at near full capacity for several quarters, primarily serving as Tesla’s main…
Key Points 🚚 Tesla officially announced that the first deliveries of the Cybertruck will commence on November 30, 2023. 📆 This confirmation comes four years after the Cybertruck’s initial unveiling in 2019. 🏭 The Cybertruck is in the “pilot production” phase with an annual capacity of over 125,000 units, and it will be manufactured at…
Key Points 💰 Tesla’s Q3 2023 revenue was $23.35 billion, falling slightly short of analysts’ expectations of $24.16 billion. 🚗 In Q3, Tesla produced 430,488 vehicles and delivered 435,059 units. 📉 Earnings per share (EPS) for the quarter were $0.66 (non-GAAP), lower than the expected $0.72, and $0.53 (GAAP) compared to the anticipated $0.64 per…
Key Points 💰 Two Chinese suppliers of Tesla, Ningbo Tuopi Group and Hesai Technology, are investing nearly $1 billion in Mexico. 🏭 This investment is in preparation for Tesla’s Gigafactory in the Mexican state of Nuevo León. 👷 Ningbo’s operations in Mexico are expected to create around 10,000 jobs, while Hesai’s operations will create approximately…
Key Points 💼 Tesla has created 15,000 jobs in Texas as of the end of 2022. 💰 Tesla estimated it will have paid $15 million in taxes to Travis County between 2020 and the end of this year, with over $49 million paid in Del Valle. 💵 Tesla pays an average of $74,000 per year…
Key Points 💰 Tesla has been approved to invest $750,000 in nine local Texas organizations, exceeding its required community investment. 🏢 Tesla is required to invest about 10% of its property taxes into local organizations near its Gigafactory in Austin and its Del Valle headquarters. 🤝 The investments will support various organizations, including schools, environmental…
Key Points 🚗 Tesla is implementing a driver drowsiness monitoring system using its cabin-facing camera to enhance road safety. 😴 Drowsy driving is a significant issue, with statistics showing accidents and fatalities related to this problem. 📸 Tesla will use the cabin-facing camera to monitor driver facial expressions and behavior to detect signs of drowsiness.…
Key Points 📱 Tesla’s latest mobile app update, version 4.26, introduces new features in Canada. ⚡ These features include the ability to filter charging points by amenities, the addition of Destination Chargers, and more. 🗺️ Users in Canada can now see Destination Chargers in addition to Superchargers on the app. 🏨 The app offers amenity…
Key Points 🚗 BMW, Mini, and Rolls-Royce have officially adopted Tesla’s NACS charging port, ensuring their future EVs will use it. ⚡ This agreement grants access to Tesla’s Supercharger network for BMW, Mini, and Rolls-Royce electric vehicles starting in early 2025. 🇺🇸 Vehicles built for the U.S. and Canada will have the Tesla charging hardware…