Key Points ๐ฑ Tesla is adding new functionality to its mobile app for managing Wall Connector home charging equipment. โก Users will be able to control Wall Connector features like charging schedules and access data on other home energy products through the Tesla app. ๐ Tesla’s third-generation Wall Connectors have Wi-Fi connectivity and have primarily…
Key Points ๐ Elon Musk denies reports of Tesla considering a factory in Saudi Arabia, calling it false. ๐ Tesla has ambitious production goals, aiming for 1.8 million vehicles in 2023 and 20 million by 2030. ๐ญ Tesla needs to decide quickly on the location for its next electric vehicle factory to meet its 2030…
Key Points ๐ UAW President criticizes Tesla for not using unionized labor during ongoing strikes at other automakers. ๐ญ Tesla’s plants continue to operate normally despite the UAW strike, leading analysts to predict Tesla as the winner in the labor talks. ๐ฐ UAW President argues that labor costs represent only about 5% of a vehicle’s…
Key Points ๐ฐ Goldman Sachs decreased Tesla’s earnings forecast, citing concerns that price cuts by the EV company could impact its earnings per share (EPS). ๐ Tesla’s earnings are expected to be $2.90 and $4.15 per share for the remainder of 2023 and into 2024, down from previous estimates of $3.00 and $4.25, respectively. ๐…
Key Points ๐ญ The Boring Company (TBC) plans to hold an Engineering Demo Day in Bastrop, Texas, later this month. ๐ ๏ธ The event is aimed at Mechanical, Electrical, and software engineers interested in working with TBC. ๐๏ธ Engineering Demo Day is scheduled for September 28th, with limited invitations available. โน๏ธ TBC is focused on developing…
Key Points ๐น๐ท Turkish President Recep Tayyip Erdoฤan met with Elon Musk in New York and encouraged Musk to build Tesla’s next Gigafactory in Turkey. ๐ญ The meeting also discussed SpaceX and Turkey’s Digital Vision and National Artificial Intelligence Strategy initiatives. ๐ถ Elon Musk brought his child, X ร A-12, to the meeting. ๐ Erdoฤan…
Key Points ๐ Tesla has added emergency rear door release functions to the Model 3 Highland. ๐ The manual door release functions can be used if the vehicle runs out of power. ๐ช The manual release cables are located at the bottom of the rear door storage pockets and include plastic covers. ๐ง This safety…
Key Points ๐ The forthcoming Tesla Cybertruck has been spotted at the automaker’s special 50,000th Supercharger stall. ๐ The Cybertruck has been seen in several U.S. locations ahead of its official launch. ๐จ The Supercharger stall where the Cybertruck was spotted had a unique Ultra Red paint job. ๐ท A photo of the Cybertruck at…
Key Points ๐ Tesla has reached a significant milestone by producing over five million cars at its Gigafactories. ๐ This achievement reflects Tesla’s substantial efforts in expanding its production capabilities over the past few years. ๐ The announcement comes just six months after Tesla celebrated the production of its four millionth car. ๐ญ Tesla currently…
Key Points ๐ Volvo partners with Connected Energy to recycle old EV batteries into new energy storage systems (BESS). ๐ The partnership aims to repurpose EV batteries, which still retain about 80% of their initial energy storage capacities, reducing their carbon footprint. ๐ Volvo’s ambition is to transition from a linear business model to a…