Key Points 🚗 Volvo partners with Connected Energy to recycle old EV batteries into new energy storage systems (BESS). 🔋 The partnership aims to repurpose EV batteries, which still retain about 80% of their initial energy storage capacities, reducing their carbon footprint. 🔄 Volvo’s ambition is to transition from a linear business model to a…
Key Points 🚗 A Tesla owner successfully used Smart Summon to retrieve their Model 3 from a closed garage. 📹 The owner shared video footage of the Smart Summon in action, showcasing its capabilities. 🤖 Smart Summon allows Tesla vehicles to move up to approximately 213 feet while avoiding obstacles without manual control. ⚠️ Tesla…
Key Points 🚗 Tesla plans to raise funding through a $1.8 billion lease securitization, amid a strike against the “Big 3” auto industry companies. 💰 The securitization involves grouping $1.8 billion worth of auto leases and selling them as bonds to investors, providing Tesla with a significant cash influx. 📊 Tesla aims to attract interest…
Key Points 🚗 The Tesla Cybertruck has received over 2 million reservations ahead of its official launch. 💰 The reservations represent a potential revenue of $152.13 billion and as much as $201 million in deposits alone. 🏎️ Among the Cybertruck trims, the dual-motor variant is the most popular, followed by the tri-motor variant. 🤖 Over…
Key Points 💥 Volkswagen is facing increasing pressure from Tesla and Chinese automakers like BYD in the transition to battery-electric vehicles (BEVs). 🚗 During the pandemic, Volkswagen fell behind in the Chinese auto market as competitors nearly doubled the market’s EV and hybrid offerings. 📊 In the second quarter, Tesla was the world’s top BEV…
Key Points 🚗 The Tesla Model 3 Highland’s trunk and frunk specifications have been revealed. 📏 Measurements for the frunk and trunk have been provided, including dimensions with back rows up and down, width between wheel covers, and trunk opening height. 📦 Details about the sub-trunk, a small space beneath the trunk floor, have also…
Key Points 🚚 Tesla Semi #3 achieved an impressive 794 miles during its second day of testing. 🔋 The Tesla Semi’s ability to take high-power charges for an extended period enables its remarkable performance. 💪 The electric truck hauled heavy loads, demonstrating its capability under challenging conditions. 📈 In less than 48 hours, one of…
Key Points 🚗 The base Tesla Model Y Dual-Motor AWD variant is no longer available for purchase on the company’s configurator. 📉 The base Model Y AWD variant was initially priced at $49,990 before incentives, but it was previously available for $47,740. 🌐 Currently, only the Tesla Model Y Long Range and Performance variants are…
Key Points 📅 Tesla is expected to submit a formal letter of intent for Gigafactory Mexico on September 15, 2023. 🏭 Gigafactory Mexico will house Tesla’s new production line for a $25,000 compact electric vehicle (EV). 🌿 Tesla has submitted an environmental impact statement for Gigafactory Mexico, including plans for flora and fauna during construction.…
Key Points 🚗 Tesla offers a Powered Liftgate Retrofit for Model 3 vehicles produced before 2021, allowing manual liftgate models to be upgraded. 💰 The retrofit costs $800, including shipping to a preferred Tesla Service Center and installation. 📱 Model 3 owners can control the liftgate using the Tesla app, the vehicle’s touchscreen, or a…