Recently, Tesla shared some footage of manufacturing its next-generation 4680 battery cells. The video, which seems to be taken from the pilot Roadrunner line of the electric car company, indicates that the 4680 battery manufacturing system of Tesla might very well be the mysterious “Alien Dreadnought” concept of Elon Musk coming to life. Elon Musk…
Tesla (NASDAQ: TSLA) bear Jim Chanos is no longer shorting the automaker’s stock. Instead, Elon Musk’s electric vehicle company’s longtime skeptic has moved on to a “Put” position. Chanos said in an interview with CNBC that he has abandoned the “Short” position he once held on Tesla stock, SeekingAlpha reported. Evidently, the losses came to be too much for…
Tesla has secured permission to begin preparations for the construction of a massive 4680 battery production facility near Gigafactory Berlin. The permission was granted by the Federal Ministry of Economics, which noted that the electric car maker could “begin measures temporarily,” at its own risk. As noted in a report from BZ-Berlin, the update came as…
Recently, the uber-rich Amazon founder, Jeff Bezos, got bumped from his #1 spot. As Akshay Sawai writes in Money Control, “The man who wants to put people on Mars has become the richest man on Earth.” Elon Musk’s reaction to becoming the world’s wealthiest man, with a net worth of $195 billion, was typical of him. “How…
SpaceX has successfully completed the first of dozens of Starlink launches planned in 2021, simultaneously crushing multiple rocket reusability records and completing an “envelope expansion” booster landing at sea. Ending several days of delays, Falcon 9 booster B1051, an expendable upper stage, a flight-proven payload fairing, and 60 new Starlink satellites lifted off at 8:02…
Tesla CEO Elon Musk has continued a tradition of giving back to Boston researchers who plan to build a COVID-19 vaccine and diagnostic tool with a $5 million donation. The Musk Foundation’s contribution was to Dr. Dan Barouch, Director of the Center for Virology and Vaccine Research at Beth Israel Deaconess Medical Center. Barouch is…
Tesla (NASDAQ: TSLA) has a new Street-high price target from Oppenheimer’s Colin Rusch, who marked the company’s “extraordinary advantage” in self-driving cars, cost reductions in manufacturing, and its valuation as a high-growth stock as reasons for the increase. Rusch boosted his price target from $486 to $1,036 on Wednesday. The revised target has overtaken the…
Sales of electric vehicles worldwide saw a notable increase in 2020, rising by the end of the year by 43 percent to more than 3 million units. This was amid the existence of a pandemic that led to a fifth slump in overall car sales in 2020. In a way, these statistics illustrate the notion…
Elon Musk’s Boring Company appears to be ramping up vehicle testing at one of the Las Vegas Convention Center (LVCC) Loop stations. By February 2021, The Boring Company appears to be adamantly planning to begin moving people around Sin City’s Convention Center complex. A video of the vehicle testing of The Boring Company in the…
Tesla is looking to recruit a Customer Service Specialist, and the position shows that whoever is hired would “resolve or escalate complaints through appropriate channels and address social media escalations directed at the CEO with critical thinking.” The job listing is available with the title “Energy Customer Support Specialist” on Tesla’s Jobs website. The remote…