Tag: Tesla

Taiwanese battery maker ProLogium inks investment deal with Mercedes-Benz …

Taiwanese battery maker ProLogium Technology Co on Thursday said it has signed a cooperation agreement with Daimler AG’s Mercedes-Benz to build test vehicles equipped with co-developed solid-state batteries in the coming years. ProLogium in a statement said it will receive “high double-digit” million euros in investment from the German luxury car maker which will also take a seat… Continue reading Taiwanese battery maker ProLogium inks investment deal with Mercedes-Benz …

CEO Mary Barra says GM “aggressively moving” on electric vehicles, says automaker could top Tesla – CBS News

General Motors is doubling down on electric vehicles. GM is investing nearly $7 billion in Michigan to build a new battery plant and overhaul an existing factory to make electric trucks. The company says this will create 4,000 new jobs and marks its largest-ever one-time investment in EVs. Overall, GM plans to spend $35 billion… Continue reading CEO Mary Barra says GM “aggressively moving” on electric vehicles, says automaker could top Tesla – CBS News

Tesla’s Musk sees Cybertruck production delayed to 2023

Tesla’s Cybertruck is displayed at Manhattan’s Meatpacking District in New York City, U.S., May 8, 2021. REUTERS/Jeenah Moon Register now for FREE unlimited access to Reuters.com Register Jan 26 (Reuters) – Tesla Inc (TSLA.O) has delayed production of its much-awaited Cybertruck, aiming to start in 2023, chief executive Elon Musk said on Wednesday, at a… Continue reading Tesla’s Musk sees Cybertruck production delayed to 2023

Tesla kept its record 2021 profits rolling right through Q4

Following a profitable — and, ahem, notable — 2021, Tesla remains at the forefront of EV production in America as we enter the new year. With deliveries up nearly 90 percent over 2020’s figures, Tesla achieved “the highest quarterly operating margin among all volume OEMs,” during that time frame, according to the company’s Q4 figures… Continue reading Tesla kept its record 2021 profits rolling right through Q4

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

Tesla sees supply chain issues continue through this year after record earnings

SAN FRANCISCO, Jan 26 (Reuters) – Tesla Inc (TSLA.O) on Wednesday expected supply chain issues to continue through this year, after posting record quarterly revenue that beat Wall Street estimates. The stock fell 2.7% in after-hours trading. Revenue rose to $17.72 billion in the fourth quarter, from $10.74 billion a year earlier. Analysts had expected… Continue reading Tesla sees supply chain issues continue through this year after record earnings

Automotive Lobbying Group Abandons the Term “Self-Driving”

The training wheels are starting to come off. The Self-Driving Coalition for Safer Streets, a Washington, DC-based lobbying group representing a number of auto industry heavyweights, has renamed itself to the “Autonomous Vehicle Industry Association” (AVIA), a notable shift away from the term “self-driving,” The Verge reports. While the group didn’t directly mention Tesla in its… Continue reading Automotive Lobbying Group Abandons the Term “Self-Driving”

The self-driving car industry is abandoning the term ‘self-driving’ and leaving it to Tesla

So long, Self-Driving Coalition for Safer Streets; hello, Autonomous Vehicle Industry Association! The AV industry’s top lobbying group in Washington, DC is rebranding, dropping the reference to “self-driving” in exchange for a more straightforward moniker. The group, which was founded in 2016 by Waymo, Ford, Lyft, Uber, and Volvo, lobbies lawmakers to pass legislation favorable… Continue reading The self-driving car industry is abandoning the term ‘self-driving’ and leaving it to Tesla

New Electrified Vehicle Sales Hit Record in Q4 2021

On the EV side, Tesla is still the dominant player, with 72% share of the EV market. That is down from near 80% in 2020, but Tesla still delivered significant 71% year-over-year growth in a tough year. Tesla didn’t only dominate the EV market, Tesla dominated the overall luxury market, outselling Audi, BMW, Lexus, and… Continue reading New Electrified Vehicle Sales Hit Record in Q4 2021