Tesla posts quarterly loss, Model 3 production on track

(Reuters) – Tesla Inc (TSLA.O) on Wednesday posted its worst ever quarterly loss and said its Model 3 production target remains on track, expecting about 5,000 per week in about two months. A Tesla Model 3 car is displayed during a media preview at the Auto China 2018 motor show in Beijing, China April 25,… Continue reading Tesla posts quarterly loss, Model 3 production on track

Automation, the real challenge of Tesla and its Model 3

It was one of (too many?) Many Elon Musk’s dreams: a factory without humans. While the attention of the fans and especially financial markets is turned on Tesla, which must reveal this Wednesday, May 2 after the closure of the New York Stock Exchange (around 22 hours in Paris) its results in the first quarter… Continue reading Automation, the real challenge of Tesla and its Model 3

Is Tesla heading for trouble?

Tesla is facing more questions about its financial viability ahead of its latest results on Wednesday. The electric car-maker is facing a cash crunch, caused by a combination of a major debt load and heavy spending. Tesla boss Elon Musk says the firm could be profitable this year and dismissed concerns with an April Fool’s… Continue reading Is Tesla heading for trouble?

Off for Mercedes home batteries: Daimler fails to save on Tesla and Co.

All articles and backgrounds 05/02/2018 Off for Mercedes home batteries Daimler fails to save on Tesla and Co. [M] Daimler Daimler CEO Dieter Zetsche, Mercedes energy storage Daimler gives up the production of home batteries: Just two years after the carmaker attacked Tesla, Sun, Varta and other manufacturers in this segment announced, the group is… Continue reading Off for Mercedes home batteries: Daimler fails to save on Tesla and Co.

Nikola Motor sues Tesla alleging design patent violation

(Reuters) – Nikola Motor Co, which makes hydrogen-powered semi trucks, filed a lawsuit on Tuesday against electric automaker Tesla Inc (TSLA.O) alleging design patent infringements. A Tesla dealership is seen in West Drayton, just outside London, Britain, February 7, 2018. REUTERS/Hannah McKay Tesla’s Semi, its first electric heavy duty truck, is “substantially” similar to Nikola’s… Continue reading Nikola Motor sues Tesla alleging design patent violation

Tesla deploys a 2 MW Powerpack system to avoid any downtime due to power outages at a glass factory

With the help of an Irish energy company, Tesla is deploying a large Powerpack system at a glass container factory in Scotland in order to avoid any downtime due to power outages and take advantage of lower electricity rates when demand is not high on the grid. Home Solar Power The battery system was deployed earlier… Continue reading Tesla deploys a 2 MW Powerpack system to avoid any downtime due to power outages at a glass factory

Tesla says Model 3 panel quality is now on par with German rivals

Roberto Baldwin/Engadget When the first everyday Tesla Model 3 buyers received their electric cars, the reports on build quality were… mixed, to put it mildly. A Munro & Associates analysis revealed panel gaps and other imperfections you would have expected from a budget car two decades ago. Tesla, however, wants to let you know that… Continue reading Tesla says Model 3 panel quality is now on par with German rivals

Top Automotive Industry News for Week of April 23 – April 29, 2018

Here is the most important news associated with the automotive industry identified by the AEA for the week April 23, 2018 – April 29, 2018. We hope it helps you stay up to speed on the key developments in our industry: -Automotive Manufacturing News- 6 Reasons Ford CEO Jim Hackett Decided To Deep-Six Its Sedans… Continue reading Top Automotive Industry News for Week of April 23 – April 29, 2018

After Tesla Debacle, Denmark Reconsiders Electric Car Subsidies

Denmark may be open to financial incentives to buy electric cars after seeing a dramatic drop in sales of non-polluting vehicles, according to Prime Minister Lars Lokke Rasmussen. “We have tax incentives for electric cars, and you could discuss if they should be bigger. I will not exclude that,” Rasmussen said in an interview in… Continue reading After Tesla Debacle, Denmark Reconsiders Electric Car Subsidies