Warren Buffett says that he doesn’t want to compete with Elon Musk – and especially Tesla – as he divests from BYD. Over the last year, Warren Buffett’s Berkshire Hathaway has been divesting from Chinese automaker BYD. Last week, Berkshire Hathaway sold two million BYD shares again. Following the last sale, Buffett and his number… Continue reading Warren Buffett doesn’t want to compete with Elon Musk’s Tesla, divest from BYD
Author: Electrek Newsfeed
GM Envolve launches as a one-stop shop to help fleets go electric
On Wednesday, General Motors launched its newest business unit, GM Envolve. The goal is to utilize all aspects of GM to create a new, all-in-one user experience enabling commercial and fleet customers to transition to electric seamlessly. GM launches Envolve enabling fleets to go electric After its fifth straight quarter of growth (+27% YOY) in… Continue reading GM Envolve launches as a one-stop shop to help fleets go electric
Toyota is creating a dedicated BEV platform with plans to reveal next-gen EVs
Toyota released its financial results for the fiscal year ending March 31, 2023, on Wednesday, as new CEO Koji Sato took over the reins. With the market “rapidly progressing,” Toyota is increasing its EV investments, including plans for a new dedicated platform and next-gen models, which will be revealed this fall. The Japanese automaker has… Continue reading Toyota is creating a dedicated BEV platform with plans to reveal next-gen EVs
GM plans to return to Europe as an EV-only brand
General Motors has been building up its resources and capabilities for an all-electric future. With a vast lineup of fully electric vehicles, GM plans to spearhead its return to Europe as an EV-only brand. After selling over 20,000 EVs for the first time in Q1, GM overtook Ford as the number two EV maker in… Continue reading GM plans to return to Europe as an EV-only brand
Panasonic delays Tesla 4680 battery cell production
Panasonic announced that it is delaying volume production of the Tesla 4680 battery cell in order to introduce “performance improvement measures.” Back in 2020, Tesla unveiled its 4680 battery cell, a new tab-less battery cell in a bigger format with new chemistry, enabling cheaper and/or longer-range electric vehicles. The cells have already made it to the Model… Continue reading Panasonic delays Tesla 4680 battery cell production
Tesla slashes Supercharger prices across Europe
Tesla has slashed Supercharger prices across most markets in Europe as energy prices are stabilizing downward following the crisis. One of the biggest advantages of electric vehicles remains that their cost of operations is much lower than vehicles with internal combustion engines, thanks to electricity generally being much cheaper than gas. This is a fairly… Continue reading Tesla slashes Supercharger prices across Europe
Tesla strangely denies rumors that new Model 3 is going to be produced in China
Tesla has strangely denied rumors that a new Model 3 refresh will be produced at Gigafactory Shanghai in China next month. Late last year, we started hearing rumors that Tesla was working on a Model 3 refresh that would come during the second half of 2023. The project is reportedly codenamed “Highland.” In December, a Model 3… Continue reading Tesla strangely denies rumors that new Model 3 is going to be produced in China
Tesla achieves its goal of 5,000 Model Ys a week at Giga Texas
Tesla has achieved its goal of producing 5,000 Model Y vehicles in a week at Gigafactory Texas, which was the original goal for volume production at the plant. The automaker has been simultaneously ramping up two major factories, Gigafactory Berlin and Gigafactory Texas, to volume production. It created a friendly competition between the two. When… Continue reading Tesla achieves its goal of 5,000 Model Ys a week at Giga Texas
Tesla Cybertruck prototype spotted stuck in a field
A Tesla Cybertruck prototype was spotted stuck in a field in rural Texas following the groundbreaking ceremony for Tesla’s new lithium refinery. There aren’t that many Cybertruck prototypes out in the wild, which makes every sighting quite interesting. Different sightings from varying angles can unveil new things about the highly anticipated electric pickup truck. The… Continue reading Tesla Cybertruck prototype spotted stuck in a field
Fisker (FSR) Q1 2023 report: 55 Ocean SUVs built, two delivered, guidance drops, PEAR delayed
Fisker Inc. has released its Q1 financial report for 2023, and although there is some room for celebration as early deliveries of its flagship SUV (sort of) roll out, there is much work to be done on the production side to come close to previously announced output guidance. Today also brought a progress update of… Continue reading Fisker (FSR) Q1 2023 report: 55 Ocean SUVs built, two delivered, guidance drops, PEAR delayed