Elon Musk confirmed that Tesla is not working on its previously announced $25,000 electric car right now because it has “too much on its plate”. At Tesla Battery Day in 2020, CEO Elon Musk announced that Tesla will be making a $25,000 electric car. The CEO commented in the announcement: Tesla will make a compelling… Continue reading Tesla is not working on its $25,000 electric car at the moment, says Elon Musk
Author: Electrek Newsfeed
Tesla (TSLA) releases Q4 2021 financial results: beat expectations with over $2 billion in profit
Tesla (TSLA) has released its financial results and shareholders letter for the fourth quarter of 2021, and consequently for its full-year 2021, after market close today. We are updating this post with all the details from the financial results, shareholders’ letter, and the conference call later tonight. Refresh for the latest information. Tesla Q4 2021… Continue reading Tesla (TSLA) releases Q4 2021 financial results: beat expectations with over $2 billion in profit
GM and LG announce giant new 50 GWh battery cell factory in the US
GM and LG Energy Solution, through their Ultium partnership, announced a giant new 50 GWh battery cell factory coming to Lansing, Michigan in the US. It’s going to be the third Ultium battery factory to support GM’s EV ambitions. At Electrek, we always say that if you want to gauge how serious an automaker is… Continue reading GM and LG announce giant new 50 GWh battery cell factory in the US
Chinese part supplier orders super die-casting machines from Tesla partner, could NIO and Xpeng adopt one-piece manufacturing?
Guangdong Hongtu Technology (GHT), a part supplier to Chinese EV automakers like NIO and XPeng, announced it will begin developing a 12,000-ton die-casting unit with the help of Tesla supplier LK Technology. Recent responses from representatives at NIO and XPeng hint that they might soon be using GHT’s large, one-piece die-casting machines to manufacture their… Continue reading Chinese part supplier orders super die-casting machines from Tesla partner, could NIO and Xpeng adopt one-piece manufacturing?
Tesla now operates the most productive car factory in the US
Tesla is now operating the most productive car factory in the US, according to a new report tracking all US auto factories. Just a few years ago, many players in the auto industry couldn’t imagine that Tesla could become a major manufacturer. After all, it was the first US car startup to not go bankrupt… Continue reading Tesla now operates the most productive car factory in the US
Geely and Renault sign agreement to take on S. Korean car market, together
Chinese automotive giant and Volvo/Polestar parent company, Geely, has signed an agreement with the French Renault Group to launch a new collaboration intended to bring fuel-efficient hybrid electric cars to South Korea, as well as export sales into other Asian markets. The Renault-Geely collaboration represents a continuation of efforts made by both companies in producing… Continue reading Geely and Renault sign agreement to take on S. Korean car market, together
GM threatens action against any dealerships attempting markups on upcoming EVs
General Motors is looking to nip the any dealership issues in the bud before its influx of EVs hit the market. In a recent letter to its dealerships, GM has warned against markups above MSRPs and reservation amounts, threatening to redirect vehicles away from offenders. General Motors ($GM) is an American automaker with hands on… Continue reading GM threatens action against any dealerships attempting markups on upcoming EVs
Tesla starts construction on giant new Santa Monica Supercharger, but where’s the 1950s diner?
Tesla has started construction on a new, much-needed giant Supercharger station in Santa Monica. The station was also supposed to include the automaker’s 1950s restaurant, but now it’s not clear if the diner is still in the plans. In 2018, Elon Musk said that Tesla plans to open an “old school drive-in, roller skates & rock restaurant… Continue reading Tesla starts construction on giant new Santa Monica Supercharger, but where’s the 1950s diner?
Honda CEO says Toyota’s strategy to pursue hydrogen cars ‘doesn’t seem feasible’
Honda CEO Toshihiro Mibe recently spoke to proposals of hydrogen combustion cars by rivals like Toyota, stating his company studied hydrogen’s potential ten years ago. Mibe went on to say that unlike Toyota, Honda doesn’t see hydrogen combustion as feasible for cars. That doesn’t mean the Japanese automaker is abandoning the chemical element, however. Both… Continue reading Honda CEO says Toyota’s strategy to pursue hydrogen cars ‘doesn’t seem feasible’
GM is actually making EVs: Pre-production Cadillac Lyriq rolls off assembly line, deliveries to follow
Following a turbulent 2021 in terms of EVs, General Motors is moving full-speed ahead in trying to make good on its promise to deliver 20 new electric models by 2023. According to GM’s President, its highly anticipated Cadillac Lyriq will be one of the first to arrive, as pre-production models have been assembled ahead of… Continue reading GM is actually making EVs: Pre-production Cadillac Lyriq rolls off assembly line, deliveries to follow