Tesla is preparing to expand its insurance business internationally – starting with insurance products in the United Kingdom. The automaker originally introduced its own insurance product in California, but it didn’t utilize real-time driving data or Tesla’s safety score, which had been the original goal. Before expanding its insurance product to other markets, Tesla wanted… Continue reading Tesla is about to expand its insurance business internationally
Author: Electrek Newsfeed
Tesla cofounder’s Redwood just scored a $2B govt loan to make EV batteries
Redwood Materials just got a $2 billion conditional loan from the US Department of Energy to expand its factory near Reno, Nevada, where it will manufacture EV batteries from an increasing amount of recycled content. In a US first, Redwood will produce 100 GWh annually of ultra-thin battery-grade copper foil and cathode-active materials from both… Continue reading Tesla cofounder’s Redwood just scored a $2B govt loan to make EV batteries
Tesla Cybertruck spotted with new front-end and monstrous wiper
A new Tesla Cybertruck beta prototype has been spotted and this time we get a good look at the front-end, which appears to have been updated, and it still has a monstrous windshield wiper. As we reported last week, we expected to start seeing a lot more Cybertruck sightings as the automaker is testing its… Continue reading Tesla Cybertruck spotted with new front-end and monstrous wiper
GM secures key semiconductor parts for EVs with unique ‘first-of-its-kind’ agreement
2024 Chevrolet Equinox EV 3LT with Super Cruise activated (Source: GM) General Motors (GM) announced a new, first-of-its-kind “direct” supply agreement with GlobalFoundries (GFS) for semiconductor wafers. GM’s new agreement secures EV semiconductor supply After dealing with semiconductor shortages over the past several years, GM is not taking its chances moving forward. The company announced… Continue reading GM secures key semiconductor parts for EVs with unique ‘first-of-its-kind’ agreement
GM wants a piece of Vale’s base metal spinoff, Tesla’s nickel supplier
General Motors (GM) has advanced to the next round of bidding for a stake in Brazilian mining company Vale’s base metals spinoff. According to a new report from Bloomberg, GM is in serious discussions with the mining giant for a minority stake in its newly established business. Vale is the largest producer of Iron Ore… Continue reading GM wants a piece of Vale’s base metal spinoff, Tesla’s nickel supplier
Tesla Semi program manager explains pitch to fleet managers and importance of electric trucks
Tesla Semi program manager, Guthrie Gintzler, explained his pitch to fleet managers and the importance of electric trucks to reduce emissions from the transportation sector. Gintzler joined Tesla in 2016 as an intern, but he quickly rose through the ranks and was made program manager of Tesla Semi last year. He has an interesting educational background,… Continue reading Tesla Semi program manager explains pitch to fleet managers and importance of electric trucks
Tesla Powerwall owners made up to $500 in the first year of the virtual power plant
Tesla Powerwall owners in the California virtual power plant report making up to $500 in the first year of the new program despite launching only in the summer. It looks like it could be a real way to lower the cost of owning home energy storage. A virtual power plant (VPP) consists of distributed energy storage… Continue reading Tesla Powerwall owners made up to $500 in the first year of the virtual power plant
Tesla is cleared in highly publicized fatal crash with ‘no one in the driver’s seat’
Tesla, and specifically Autopilot, has been cleared from blame in the highly publicized fatal crash in Texas that was reported to have happened with “no one in the driver’s seat.” In April 2021, a strange and tragic accident in a Tesla happened in Spring, Texas. A Tesla Model S missed a turn, hit a tree, and… Continue reading Tesla is cleared in highly publicized fatal crash with ‘no one in the driver’s seat’
Tesla cut the price of its electric cars in half over five years, and it might do it again
Tesla has managed to cut the price of its electric cars in half over five years, and it might do it again with its next-generation vehicle platform. Much has been said of Tesla’s prices lately. Despite its high prices, Tesla has attracted some non-luxury buyers over the years who have been willing to pay a… Continue reading Tesla cut the price of its electric cars in half over five years, and it might do it again
Tesla’s record performance in California helps push EV market share to 17%
California released its 2022 vehicle data and confirmed that Tesla is dominating the market, leading to a new record 17% market share for electric vehicles. Total vehicle registrations were down 7.9% in 2022, according to the California New Car Dealers Association’s annual report. But the report highlights a positive with electric vehicles being up more… Continue reading Tesla’s record performance in California helps push EV market share to 17%