(Bloomberg) — Workhorse Group Inc. recorded the biggest weekly decline ever as investors brace for the electric vehicle startup’s quarterly earnings results due for release on Monday. The focus is likely to be more on the company’s recent loss of a key contract with the U.S. Postal Service rather than its financials. The shares sank… Continue reading @niche: Workhorse Records Worst-Ever Weekly Rout After Postal Defeat000572
Tag: Tesla
Elon Musk says Tesla is shifting more electric cars to LFP batteries over nickel supply concerns
Elon Musk is indicating that Tesla could be shifting more electric cars to LFP battery cells over some concerns about long-term availability of nickel supply. Last year, Tesla CEO Elon Musk mentioned that he believes the energy density of iron phosphate (LFP) batteries have improved enough that it now makes sense to use the cheaper… Continue reading Elon Musk says Tesla is shifting more electric cars to LFP batteries over nickel supply concerns
Tesla’s US factory closed for two days due to parts shortages
Tesla Chief Executive Officer Elon Musk said the electric vehicle company’s Fremont, California plant shut down for two days this week due to “parts shortages” and had reopened on Wednesday. Shares of Tesla fell 8% during the day after Bloomberg reported that production of Tesla’s less expensive sedan, the Model 3, had been temporarily suspended, raising questions about whether… Continue reading Tesla’s US factory closed for two days due to parts shortages
Tesla reportedly cuts production of Model 3 electric car at California factory amid semiconductor shortage
Tesla reportedly has temporarily reduced production of its Model 3 compact car amid a global semiconductor shortage that has undermined auto manufacturing. A production line at Tesla’s Fremont, California, factory suspended output for an expected period of Feb. 22 to March 7, Bloomberg reported, citing an anonymous source. Tesla did not immediately respond to a… Continue reading Tesla reportedly cuts production of Model 3 electric car at California factory amid semiconductor shortage
Tesla slips as report says the EV maker will idle Model 3 line at its Fremont factory for two weeks (TSLA)
FILE PHOTO: The Tesla factory is seen in Fremont Reuters Shares of Tesla slipped as much as 4% on Thursday after a report said the EV maker will idle the Model 3 line at its Fremont, California factory for two weeks. Staff on the Model 3 line in Fremont were told production would be shut… Continue reading Tesla slips as report says the EV maker will idle Model 3 line at its Fremont factory for two weeks (TSLA)
Tesla Fremont factory was shut down for two days due to parts shortages – Musk
By Reuters Staff 1 Min Read Feb 25 (Reuters) – U.S. electric vehicle maker Tesla Inc’s Fremont factory shut down for two days earlier this week, due to parts shortages, but was back online on Wednesday, Chief Executive Officer Elon Musk said in a tweet here on Thursday. (Reporting by Ankit Ajmera in Bengaluru; Editing… Continue reading Tesla Fremont factory was shut down for two days due to parts shortages – Musk
Elon Musk confirms ‘high demand’ for new Tesla Model S/X, will increase production
Elon Musk confirmed that Tesla has received “high demand” for the new refreshed Model S and Model X. The CEO says that the automaker will increase production with a second shift in order to meet demand, in a new email to employees obtained by Electrek. Earlier today, we shared a report stating that Tesla has… Continue reading Elon Musk confirms ‘high demand’ for new Tesla Model S/X, will increase production
Tesla has reportedly temporarily halted production on its Model 3 line in California
Tesla told workers at its Fremont, California factory it would temporarily shut down production, a source told Bloomberg. The Tesla Model 3 line shutdown would last from February 22 to March 7, the source said. Tesla said last month that production could be impacted by the global semiconductor shortage. Visit the Business section of Insider… Continue reading Tesla has reportedly temporarily halted production on its Model 3 line in California
Tesla shuts down Model 3 production line for 2 weeks amid chip shortage
Tesla is shutting down a Model 3 production line at Fremont factory for 2 weeks amid an industry-wide microchip shortage. According to a new report from Bloomberg, Tesla has informed employees from a Model 3 production line at Fremont factory that their line is being shut down until March 7: “Workers on a Model 3… Continue reading Tesla shuts down Model 3 production line for 2 weeks amid chip shortage
Tesla prepares cloud-based driver profile ahead of ‘Tesla Network’ ride-hailing app launch
Tesla is preparing to move all driver data and settings into the cloud ahead of the launch of its “Tesla Network” ride-hailing app launch. Driver profiles exist in Tesla vehicles and are linked to keys (or phones through the Tesla app) in order to automatically have your seat, mirror, music settings, etc. set in your… Continue reading Tesla prepares cloud-based driver profile ahead of ‘Tesla Network’ ride-hailing app launch