Key Points 🚗 Tesla is considering establishing an electric vehicle factory in India with a production capacity of 500,000 electric vehicles per year. 🇮🇳 India is the world’s third-largest auto market, and Tesla has yet to establish a presence in the country. 💰 Tesla is exploring the possibility of using India as a base for…
Key Points ⚙️ The United Auto Workers (UAW) union is negotiating with Detroit’s Big Three automakers (Ford, General Motors, and Stellantis) regarding electric vehicle production and cost reductions. 👥 The UAW aims to eliminate the two-tier wage system and increase salaries for its members. ⚡ The Detroit Three automakers seek to close the cost gap…
Key Points 🏭 Tesla’s Giga Berlin is planning to launch Phase 2 to reach an annual production capacity of 1 million vehicles. ⚡ Giga Berlin has faced opposition and challenges during its buildout process, with concerns raised by environmentalists and local residents. 📝 The public consultation stage for Phase 2 has begun, allowing individuals to…
Key Points 🚗 Tesla’s Giga Shanghai has achieved a significant milestone by building its 1 millionth Model Y crossover. 🏭 Giga Shanghai, which opened in 2019, initially produced only the Model 3 sedan and later expanded to include the Model Y crossover in the Phase 2 area. 🌍 Model Y production began in early 2021,…
Key Points 😞 Lucid Group reported fewer car deliveries and flat production in Q2 2023, leading to a stock drop of 11%. 🚗 In Q2, Lucid delivered 1,404 cars, missing analysts’ expectations of around 2,000 cars by roughly 30%. 🏭 Production decreased by 6% in Q2, with Lucid building only 2,173 cars compared to 2,314…
Key Points 📷 The leaked image suggests that Gigafactory Texas is close to initial production of the Tesla Cybertruck. 🚚 The completed body-in-whites of the Cybertruck in the image show classic Tesla flourishes and the use of megacasts. 🔄 The leaked image indicates that the Cybertruck does not feature the anticipated “exoskeleton” design but still…
Key Points 💰 Tesla’s price cuts have benefited the automaker by attracting new customers and increasing sales. 📉 Autonomy, a company that rents out Teslas on a subscription basis, suffered greatly from the price cuts. 💼 Autonomy’s fleet value significantly diminished due to the price cuts, leading to financial vulnerability. 💵 Autonomy went through a…
Key Points 💰 Tesla has reached a $6 million settlement in a class-action lawsuit brought by customers of its Solar Roof tiles. 🏢 The Solar Roof was introduced in 2016 as an aesthetically pleasing roofing solution that generates energy. 💲 Solar Roof customers experienced unexpected price increases in 2021, leading to over 6,300 contract cancellations.…
Key Points 💰 Tesla warns Model 3 customers that federal tax credits are likely to be reduced next year. 🚘 The Model 3 landing page has been updated with a message about the vehicle’s eligibility for the US Inflation Reduction Act’s federal tax credit. 📅 Reductions to the Model 3’s federal tax credit are expected…
Key Points 🚀 Tesla Chair Robyn Denholm emphasized that Australia should foster a startup revolution for economic growth. ⛏️ Denholm stated that Australia cannot solely rely on its natural resources in the long term. 💡 The Tesla Chair highlighted the need for Australia to create an environment where startups and innovations can thrive. 🌏 Australia’s…