Key Points 💼 Wells Fargo lowered Tesla’s price target from $260 to $250 due to reduced production outlook. 📉 Tesla’s gross vehicle margin in the third quarter decreased to 17.9%, raising concerns about decreasing prices and profits. 📈 Analysts expressed worries about Tesla’s forecasted 50% year-over-year growth and its plans for Gigafactory Mexico. 🎯 Other…
Key Points 🚗 Tesla is allowing customers to transfer their free unlimited Supercharging perk to select car purchases for end-of-year deliveries. 🌎 This offer is available for Tesla North America purchases. 🚘 Tesla is offering several Model Y variants, including the base RWD, Dual-Motor AWD Long Range, and Dual-Motor AWD Performance, with different price points…
Key Points 🚗 Electric vehicle (EV) crash repairs can be costly, with Teslas having an average repair cost of $5,552 in Q3 2023, compared to $4,474 for other EVs and $4,205 for combustion-powered vehicles. 💰 The higher cost of Tesla crash repairs can be attributed to their newer, pricier status and the presence of advanced…
Key Points 🚗 The ongoing UAW strike against the Detroit Big Three is significantly impacting auto suppliers in the United States. 📉 A survey from MEMA Original Equipment Suppliers reveals that nearly 40% of auto suppliers have already laid off workers due to the strike. 🇺🇸 Auto suppliers employ over 900,000 workers, contribute 2.5% of…
Key Points 🚗 A new Rivian retail space has opened in Atlanta, Georgia, offering the opportunity to experience Rivian’s electric adventure vehicles in person. 🕒 The Atlanta retail space is open from 10:00 a.m. to 8:00 p.m. on weekdays and from 11:00 a.m. to 6:00 p.m. on Sundays. 🛍️ Customers visiting the Atlanta location can…
Key Points 💰 The Nuevo León government has committed to providing over $130 million in funding for Tesla’s Giga Mexico construction. 🚧 Infrastructure improvements are being made in the area to prepare for the construction of Tesla’s Gigafactory. 🏭 Tesla plans to build Gigafactory Mexico to produce its next-generation vehicles, including a $25,000 car and…
🔋 Researchers are working on improving the sustainability and profitability of lithium-ion battery recycling for electric vehicles. 💡 Eco-friendly battery designs are often less profitable to recycle, creating a challenge for sustainability. 🔄 The National Renewable Energy Laboratory (NREL) is collaborating with ACE Green Recycling to develop recycling techniques that bridge the gap between sustainability…
Key Points 💰 Tesla reduced the price of its Full Self-Driving (FSD) suite by $3,000 on August 31, making it $12,000, without an immediate explanation from Elon Musk. 🚗 Musk stated that the price drop was intended to make FSD more affordable for a wider range of customers and hinted that the price may increase…
Key Points 🚗 Tesla performed line upgrades at its production facilities in Q3 2023, leading to a temporary drop in production numbers. 💡 These upgrades were aimed at enabling cost reductions in the production of vehicles. 🌍 The cost of goods sold per vehicle decreased to about $37,500 during the quarter. ⚙️ Tesla plans to…
Key Points 🚗 Tesla’s Parts Catalog for the Model 3 hints at the possibility of a Plaid Powertrain for the sedan. 💨 The Plaid Powertrain, known for its incredible acceleration, was initially introduced in the Model S and Model X in 2021. 💰 While the Model S and Model X are Tesla’s premium offerings, they…