Key Takeaways Tesla is often criticized due to its association with Elon Musk, with Robert Reich being a prominent critic. Robert Reich accused Tesla of not paying federal taxes on significant U.S. earnings. Tesla VP of Finance Sendil Palani clarified that the company’s tax practices comply with global regulations. Palani explained Tesla’s net operating loss…
Key Takeaways Tesla is building a new battery repair facility near the Collie Megapack site in Australia. The facility will offer repair and renewal services for Tesla’s Megapacks, Powerwall home-scale batteries, and other energy products. It’s expected to become the largest facility of its kind in Australia, potentially servicing the Asia-Pacific region. The Collie battery…
Key Takeaways Tesla’s 2025 Model Y features a front camera with a 180-degree scope for enhanced driver assistance. The vehicle includes new front and reflective rear lightbars for aesthetic and aerodynamic improvements. A more utility-focused frunk with a drain plug allows for versatile use as a wash station or cooler. The Model Y “Juniper” is…
Key Takeaways Automakers, including GM and Stellantis, are lobbying Trump to reinstate the federal charging program paused by his administration. The NEVI program, initially funded with $5 billion, was aimed at creating a federal charging network but has made limited progress. The Electric Drive Transportation Association (EDTA) argues that the program supports job creation, innovation,…
Key Takeaways Tesla’s first four-hour Megapack project in the Netherlands is now operational, enhancing grid stability and lowering consumer costs. The Rilland site deploys a 10 MW/40 MWh storage capacity, marking the first deployment of this battery system in the Netherlands. Dominique Becker Hoff of S4 Energy highlights the project as a step forward in…
Key Takeaways Tesla offers free Supercharging to buyers/lessees of new Model S or Model X, two vehicles kept for “sentimental reasons.” The Supercharging offer is valid for the life of ownership or lease but is non-transferable and excludes used and commercial vehicles. Elon Musk considers the Model S and Model X more of sentimental value…
Key Takeaways A Tesla store in Loveland, Colorado, was the target of vandalism and attempted arson, marking the third incident in recent weeks. The Loveland Police Department is actively investigating the vandalism, comparing it to prior incidents and collaborating with federal agencies like the FBI. Graffiti found at the site was described as “offensive and…
Key Takeaways Tesla stock is down 7.5% for the week, marking a significant decline as it falls below the 50-day moving average. Kimbal Musk, Elon Musk’s brother and Tesla board member, sold 75,000 shares worth $27 million, indicating a possible lack of confidence in the stock’s short-term performance. TSLA hit a new two-month low, with…
Key Takeaways Some Tesla Sweden customers who boycotted the company are returning, despite ongoing strikes by IF Metall and allied unions. IF Metall’s strike against Tesla Sweden is due to their use of a non-unionized workforce, impacting vehicle licensing and supercharger expansion. Major companies such as Ericsson and Telia have boycotted Tesla, but sales remain…
Key Takeaways Tesla has increased the price of both Model X trims by $5,000, the first increase since mid-2024. This price hike puts the Model X over the $80,000 limit for the Federal EV Tax Credit, disqualifying it from the $7,500 credit. The new prices for Model X trims are $84,990 for the All-Wheel-Drive and…