Tesla’s stock (TSLA) crashed 7% today following earnings that actually met expectations. So what is the problem? Is Tesla losing its credibility? Yesterday, Tesla released its Q1 2023 financial results and met earnings expectations of $0.85 per share and even surprised many by maintaining an automotive gross margin over 19% despite significant price cuts during the… Continue reading Tesla (TSLA) crashes despite strong earnings; is the credibility going away?
Author: Electrek Newsfeed
Elon Musk says (again) Tesla might achieve ‘full autonomy’ this year, but what does it even mean?
Elon Musk announced again that he believes Tesla might achieve “full autonomy” this year, but it is not even clear what this means at this point. Over the years, Musk has so often claimed that Tesla was on the verge of achieving “full self-driving capability” that it is hard to believe him now. It’s not… Continue reading Elon Musk says (again) Tesla might achieve ‘full autonomy’ this year, but what does it even mean?
The AIM EV Sport 01 from former Nissan GT-R design chief is the coolest Japanese EV yet
The AIM EV Sport 01 stole the show at the Automobile Council this week with a head-turning design from none other than Shiro Nakamura. Mr. Nakamura is the former Nissan senior vice president/chief creative officer credited with designing some of the brand’s most iconic vehicles, including the GT-R. AIM is an engineering company based in… Continue reading The AIM EV Sport 01 from former Nissan GT-R design chief is the coolest Japanese EV yet
Elon Musk announces timing for Tesla Cybertruck delivery event
Elon Musk announced that Tesla is planning to hold a Tesla Cybertruck delivery event at the “end of the third quarter.” The Tesla Cybertruck is one of the most anticipated Tesla products and also one of the most delayed. Now, it is finally going into production in the coming months, and Tesla gave an update… Continue reading Elon Musk announces timing for Tesla Cybertruck delivery event
Hertz is bringing 4,000 rental EVs to Atlanta, including Teslas
Hertz is rolling out its EV fleets to cities across the US in a program called Hertz Electrifies, and it’s chosen Atlanta as its latest city. Atlanta is already home to Hertz’s third-largest EV fleet in the US, which is now going to expand significantly through Hertz Electrifies. The car rental giant is going to bring… Continue reading Hertz is bringing 4,000 rental EVs to Atlanta, including Teslas
Tesla says price drops are long-term thinking, but it’s really about demand
Tesla cars being shipped to Europe Tesla has just released its Q1 2023 earnings report amidst several price drops since the beginning of the year. This left investors questioning how these drops would affect margins, and Tesla has an explanation, but it’s perhaps only a partial one. In a nod to the question on everyone’s… Continue reading Tesla says price drops are long-term thinking, but it’s really about demand
Tesla reports massive increase in energy storage deployment, thanks to Megafactory
Tesla has reported a massive increase in energy storage deployment in Q1 2023, thanks to its new Megafactory producing a lot of Megapacks. The company’s energy storage business doesn’t get nearly as much attention as its electric vehicle business. And that’s for a good reason – the former is still only a fraction of the… Continue reading Tesla reports massive increase in energy storage deployment, thanks to Megafactory
Tesla gives Cybertruck update, shares new pictures of production, and more
Tesla has released an update on its Cybertruck production program and shared new pictures of the production line and testing. There are many eyes on the Tesla Cybertruck production program. It is expected to have a significant long-term impact on the EV industry and the pickup truck market. Most recently, Tesla has indicated that it… Continue reading Tesla gives Cybertruck update, shares new pictures of production, and more
Tesla slashes price again, with brand new cars now starting under $40,000
Tesla has implemented another wave of price cuts across its Model 3 and Model Y vehicles. It’s the second time this month, resulting in its electric cars starting under $40,000 before incentives. After consistently and gradually increasing its electric vehicle prices over the last two years, Tesla has started bringing those prices down in 2023… Continue reading Tesla slashes price again, with brand new cars now starting under $40,000
Toyota reveals new fully electric bZ models, including a sport crossover and family SUV
Toyota Motor introduced two new fully electric concept models at the Auto Show in Shanghai Tuesday as part of its expanding bZ (Beyond Zero) lineup. The new EVs include a sport crossover and family-oriented SUV that will be launched in China next year. The Japanese automaker released its first electric vehicle, the bZ4X SUV, in… Continue reading Toyota reveals new fully electric bZ models, including a sport crossover and family SUV