Elon Musk believes that Tesla (TSLA) can reach a $4 trillion valuation if they “knock the ball out of the park” a few times. The CEO has often commented on the potential market capitalization of Tesla. Most famously, he said that Tesla could be worth more than Apple and Saudi Aramco combined back in October… Continue reading Elon Musk thinks Tesla (TSLA) can reach $4 trillion valuation
Author: Electrek Newsfeed
EV sales still rising at 22.3% in CA, Tesla cedes lead back to Toyota
EV sales continue to rise steadily in California, reaching a record 22.3% market share in Q3. But Tesla has returned to its position as second-best selling brand in the state, behind longtime leader Toyota, after briefly eclipsing the brand last quarter. The California New Car Dealers’ Association releases its “California Auto Outlook” each quarter, breaking… Continue reading EV sales still rising at 22.3% in CA, Tesla cedes lead back to Toyota
Watch Tesla testing Cybertruck’s 4-wheel steering as if it’s sliding on ice
Tesla has been spotted testing the Cybertruck’s 4-wheel steering capability at Gigafactory Texas. It makes the pickup look like it is sliding on ice. Rear-wheel steering, or four-wheel steering, is the ability to steer the rear axle, generally to a smaller degree than the front wheel, and to create a tighter and more precise turning… Continue reading Watch Tesla testing Cybertruck’s 4-wheel steering as if it’s sliding on ice
Honda begins selling its silly little briefcase electric scooter in the US
A few months ago, we covered Honda’s unveiling of its smallest electric vehicle, the Motocompacto. The company has finally opened the order books on its little electric scooter, meaning you could own a new Honda EV for under $1,000. Officially priced at $995, the Motocompacto is a modern-day homage to the classic Honda Motocompo motorcycle… Continue reading Honda begins selling its silly little briefcase electric scooter in the US
Toyota cuts 2023 EV sales forecast by nearly 40% in latest questionable strategy shift
Although Toyota expects record growth this fiscal year, it’s cutting its EV sales forecast by nearly 40%. In Toyota’s latest questionable strategy shift, the company will lean into hybrids to “avoid the price competition” in the EV market. Toyota released its Q2 2024 fiscal results Wednesday, showing growth across the board. Through the first half… Continue reading Toyota cuts 2023 EV sales forecast by nearly 40% in latest questionable strategy shift
Tesla reveals how its Magic Dock works in new patent filing
Tesla has revealed exactly how its Magic Dock, a game-changing new EV charging accessory, works in a new patent filing. The Magic Dock has been one of the most interesting new products introduced by Tesla in a long time. The charging accessory is basically a seamless charge adapter from NACS to CCS, or NACS to… Continue reading Tesla reveals how its Magic Dock works in new patent filing
Toyota injects an extra $8 billion into US EV battery plant despite delays from Ford and GM
Despite recent EV delays from leading US automakers, Toyota is surprisingly charging ahead. Toyota is investing an additional $8 billion in its North Carolina EV battery plant. The new funding will add roughly 3,000 jobs as Toyota looks to accelerate its EV offensive. Toyota announced plans to build a new electric vehicle battery plant in… Continue reading Toyota injects an extra $8 billion into US EV battery plant despite delays from Ford and GM
Elon Musk reveals a few more details about Tesla Cybertruck
Elon Musk went on the Joe Rogan Experience podcast with a Tesla Cybertruck and revealed a few more details about the electric pickup truck. We are now officially 30 days away from the Cybertruck delivery event, which is also going to be the defacto Cybertruck production version launch. At the event, Tesla is expected to… Continue reading Elon Musk reveals a few more details about Tesla Cybertruck
Tesla prevails in first Autopilot wrongful-death suit
A jury has found Tesla not at fault in a lawsuit over a 2019 wrongful death which alleged that Autopilot caused a crash, killing one passenger and seriously injuring two. In question was the death of 37-year-old Micah Lee, who was driving a Model 3 in 2019 in Menifee, CA (in the Inland Empire to… Continue reading Tesla prevails in first Autopilot wrongful-death suit
Tesla ramps up hiring for humanoid robot, including reinforcement learning
Tesla is ramping up hiring for its humanoid robot program, Optimus, including some reinforcement learning engineers. It was hard to take Tesla Bot seriously when Elon Musk announced it by having someone dressed as a robot dance on stage. To this day, many people are taking the project seriously, but Tesla certainly is. The latest… Continue reading Tesla ramps up hiring for humanoid robot, including reinforcement learning