Key Takeaways 🚗 Tesla has reached a milestone of producing 8 million cars globally. 🏭 The 8 millionth car, an Ultra Red Model Y, was produced at Gigafactory Berlin. ⏳ This achievement comes just eight months after hitting 7 million cars at the Fremont Factory. 📉 Despite media claims of low demand, Tesla produced 1…
Key Takeaways Goldman Sachs lowers Tesla’s price target to $285 from $295, maintaining a Neutral rating. Tesla’s sales performance is declining across key markets, including the U.S., Europe, and China. U.S. deliveries fell mid-teens year-over-year, while Europe saw a 50% drop in registrations in April. Goldman Sachs projects Q2 deliveries to be between 335,000 and…
Key Takeaways Tesla introduces a feature to stop charging on third-party chargers for Model 3 and Model Y owners. Unlocking the charging cable now requires holding the rear left door handle for three seconds. The feature is designed for convenience when using adapters like J1772 that lack an unlatch button. Vehicle needs to be unlocked…
Key Takeaways Tesla stock dropped 14% following Trump’s threats to revoke government contracts for Musk’s companies. The decline resulted in a $152 billion loss in Tesla’s market cap, falling below the $1 trillion mark. Trump accused Musk of going “crazy” and commented on their previously good relationship, which may now be strained. Musk defended his…
Key Takeaways Tesla risks “financial harm” if self-driving crash data is made public. Ongoing legal battle with The Washington Post for crash data related to ADAS systems. Tesla redacts most crash data reported to NHTSA using confidentiality policies. Competitors could analyze disclosed data to improve their own ADAS systems. Legal arguments include debates around public…
Key Takeaways Musk blasts Congressional spending bill, urging public to contact their representatives. Musk warns of financial implications from continuing deficit spending, highlighting potential future budget issues. Tesla stock saw a drop mid-week but managed a weekly gain amidst the controversy. Tesla’s sales in Australia surprisingly increased, driven by strong Model Y sales, despite overall…
Key Takeaways Tesla’s current vehicle lineup is missing a full-size SUV, which many fans want. The Model X is not fulfilling the full-size SUV demand, as it differs from typical offerings in this segment. Popular full-size SUVs like the Chevrolet Tahoe and GMC Yukon dominate the market with significant sales. Fans are suggesting a CyberSUV,…
Key Takeaways Tesla owners are being targeted by other automakers with significant trade-in incentives. Lucid is offering a $4,000 trade-in allowance specifically for Tesla vehicles as part of their promotion. The rivalry between Elon Musk and Lucid’s former CEO, Peter Rawlinson, may be influencing these trade-in offers. The effectiveness of rival promotions to attract Tesla…
Key Takeaways Tesla’s earnings fell dramatically by 71% in Q1, largely due to CEO Elon Musk’s recent political maneuvers. Musk’s association with far-right ideologies has alienated Tesla’s left-leaning customer base, resulting in protests and declining sales. The Trump administration’s plans to revoke EV tax credits are creating further challenges for Tesla’s market position. Musk argues…
Key Takeaways A leaked recording reveals Tesla’s efforts to address employee morale issues due to past layoffs. Employee turnover is a significant concern, with negative sentiments expressed about workplace conditions. Training sessions on company culture were expanded to all employees, highlighting the role of leadership in shaping morale. Tesla’s mission focus has shifted, causing concerns…