Key Points 💼 Tesla Energy is becoming one of Tesla’s most profitable divisions. 📈 In Q3 2023, Tesla’s battery storage deployments increased by 90% to 4.0 GWh, the highest quarterly deployment to date. 🏭 The growth is attributed to the ramp of the Megafactory in Lathrop, California, which produces the Megapack battery. 💰 Tesla Energy…
Key Points 🚚 Tesla officially announced that the first deliveries of the Cybertruck will commence on November 30, 2023. 📆 This confirmation comes four years after the Cybertruck’s initial unveiling in 2019. 🏭 The Cybertruck is in the “pilot production” phase with an annual capacity of over 125,000 units, and it will be manufactured at…
Key Points 💰 Tesla’s Q3 2023 revenue was $23.35 billion, falling slightly short of analysts’ expectations of $24.16 billion. 🚗 In Q3, Tesla produced 430,488 vehicles and delivered 435,059 units. 📉 Earnings per share (EPS) for the quarter were $0.66 (non-GAAP), lower than the expected $0.72, and $0.53 (GAAP) compared to the anticipated $0.64 per…
Key Points 💰 Two Chinese suppliers of Tesla, Ningbo Tuopi Group and Hesai Technology, are investing nearly $1 billion in Mexico. 🏭 This investment is in preparation for Tesla’s Gigafactory in the Mexican state of Nuevo León. 👷 Ningbo’s operations in Mexico are expected to create around 10,000 jobs, while Hesai’s operations will create approximately…
Key Points 💼 Tesla has created 15,000 jobs in Texas as of the end of 2022. 💰 Tesla estimated it will have paid $15 million in taxes to Travis County between 2020 and the end of this year, with over $49 million paid in Del Valle. 💵 Tesla pays an average of $74,000 per year…
Key Points 🔍 The oil and gas industry has been promoting biofuels and synthetic fuels to extend the life of combustion engines and maintain a market for their products while attempting to undermine the reputation of electric trucks. 🔋 The European Union is revising CO2 standards for heavy-duty vehicles, which threatens the oil and gas…
Key Points 💰 Tesla has been approved to invest $750,000 in nine local Texas organizations, exceeding its required community investment. 🏢 Tesla is required to invest about 10% of its property taxes into local organizations near its Gigafactory in Austin and its Del Valle headquarters. 🤝 The investments will support various organizations, including schools, environmental…
Key Points 🚗 General Motors’ autonomous driving unit, Cruise, is under investigation by the NHTSA due to concerns regarding pedestrian safety. 🚶 Reports have indicated that Cruise’s self-driving robotaxis might not be exercising sufficient caution around pedestrians, potentially leading to accidents. 📝 The NHTSA is specifically looking into incidents involving Cruise robotaxis encroaching on pedestrians…
Key Points 🚗 Tesla is implementing a driver drowsiness monitoring system using its cabin-facing camera to enhance road safety. 😴 Drowsy driving is a significant issue, with statistics showing accidents and fatalities related to this problem. 📸 Tesla will use the cabin-facing camera to monitor driver facial expressions and behavior to detect signs of drowsiness.…
Key Points 🚚 Amazon has received over 10,000 electric Rivian delivery vans for its operations in the United States. 🌎 These Rivian delivery vans are currently serving 1,800 cities across the U.S. and have delivered 260 million packages. 🏙️ Amazon plans to introduce electric Rivian vans in additional cities such as Anaheim, Green Bay, Lexington,…