Manchin’s bid to block some EVs from getting $7.5k tax credit blocked by fellow Democrat

Michigan Senator Debbie Stabenow successfully opposed a proposal by fellow Democrat Joe Manchin of West Virginia to eliminate certain electric vehicle models from being eligible for the Inflation Reduction Act’s (IRA) $7,500 tax credit. The $430-billion Inflation Reduction Act ...

Senator thwarts Manchin’s bid to block some EVs from receiving $7.5k tax credit

Michigan Senator Debbie Stabenow successfully opposed a proposal by fellow Democrat Joe Manchin of West Virginia to eliminate certain electric vehicle models from being eligible for the Inflation Reduction Act’s $7,500 tax credit. The $430-billion Inflation Reduction Act was ...

LG Energy Solution in “active discussions” with Tesla for battery supply from AZ plant

LG Energy Solution (LGES) noted on Friday that it is currently engaged in “active discussions” with Tesla and other electric vehicle companies to provide batteries from its planned factory in Arizona. The battery supplier’s comments were shared in a ...

Mercedes-Benz DRIVE PILOT gains first U.S. approval for Level 3 system

Mercedes-Benz has officially received certification to operate its SAE Level 3 autonomous driving system, DRIVE PILOT, in Nevada, making it the first brand to do so in the United States. Mercedes first launched its DRIVE PILOT system at the end ...

Elon Musk says Tesla’s competition can’t be seen with a telescope, but the company admits Chinese EV makers are ‘scary’

Tesla has been head and shoulders above competitors in the electric vehicle field for some time due to its maturity as a company and expertise in EV engineering. The fact that very few companies can say they have been ...

SpaceX sets stage for Starship booster’s first 33-engine static fire

SpaceX has set the stage for a record-breaking Starship booster static fire after the rocket completed a complex fueling test and launch rehearsal earlier this week. On January 25th, a tower the size of a skyscraper activated a pair ...

Tesla Model 3 RWD available for $399 per month with 3-year lease

The Tesla Model 3 RWD is the company’s most affordable vehicle today, starting at just $43,990 before incentives in the United States following the substantial price cuts implemented earlier this month. A look at Tesla’s order page for the vehicle ...

SpaceX Starlink quietly gets ‘Sleep Schedule’ feature

SpaceX quietly rolled out a new feature for Starlink, its low-latency, high-speed satellite internet service that will allow users to set a “sleep schedule” to conserve energy. In a screenshot shared to Reddit by u/FateEx1994, the new feature will allow ...

Tesla bull Wedbush raises price target following ‘epic’ Earnings

Tesla (NASDAQ: TSLA) bull Wedbush Securities has raised its price target on the automaker’s stock from $175 to $200 following an “epic” Earnings Call last night. “Musk and Co. delivered in epic fashion with demand that is currently 2x ...

Tesla’s 1.8-million vehicle target for 2023 is a sign of a more mature automaker (Opinion)

It’s no secret that Tesla has a very big tendency to shoot for extremely ambitious targets. Elon Musk is certainly guilty of this, as he tends to announce extremely aggressive timetables and goals that eventually become delayed. But in ...

During its Q4 2022 earnings, Tesla executives definitively put demand concerns to rest

Over the years, Tesla has transformed itself from a money-losing EV startup to an established, money-making electric vehicle behemoth. But despite the company’s domination in countries like the United States, arguments about Tesla’s alleged demand concerns have proven pervasive. ...

Elon Musk uses question about Tesla’s “declining” favorability to plug Twitter’s value

During the Tesla Q4 and FY 2022 earnings call, Elon Musk highlighted the value of Twitter to businesses, automotive or otherwise. Musk’s statement followed a question about whether Tesla was tracking how its favorability was damaged due to the ...

Tesla’s next-gen platform details to be discussed on Investor Day this March

The wait is almost over. After a long period of speculation, leaks, and rumors, it appears that some concrete details about Tesla’s next-gen vehicle platform are about to be announced. Tesla has grand plans for the coming years, with ...

Tesla Semi production specs: powertrain, battery, Megacharger output, and more

The Tesla Semi has already been delivered to its first customers, but the actual production specs of the vehicle remain largely unknown or unconfirmed at best. Fortunately, a recent trip to PepsiCo’s Frito Lay facility in Modesto, Caifornia has ...

Tesla Insurance data has driven changes to vehicle design: Elon Musk

Tesla Insurance data is proving very valuable for the electric vehicle maker, so much so that some changes to the company’s vehicles have been implemented because of it. During the recently-held fourth quarter and full-year earnings call, Tesla investors ...

Tesla reiterates Cybertruck release with Hardware 4

The Tesla Cybertruck is indeed being released with the company’s Hardware 4 computer, CEO Elon Musk confirmed during the Q4 and FY 2022 earnings call. During 2021’s AI Day event, Elon Musk stated that Tesla is constantly improving its ...

Tesla energy storage deployment increases 152% year-over-year

Tesla Energy achieved a number of key milestones in the fourth quarter. As per Tesla’s Q4 and FY 2022 Update Letter, energy storage deployments actually grew by 152% year-over-year in the fourth quarter to 2.5 GWh. All in all, Tesla ...

Tesla Cybertruck to enter limited production this Summer

Tesla Cybertruck limited production is set to begin this Summer, CEO Elon Musk said during the company’s Q4 2022 Earnings Call on Wednesday evening. During Tesla’s Q4 and Full Year 2022 Earnings Call, Musk and Co. were asked whether ...

Tesla Earnings: Analysts respond to company’s Q4 and Full Year 2022 Guidance

Tesla (NASDAQ: TSLA) reported its Earnings for Q4 and Full Year 2022 this evening, and analysts seem pleased with what the automaker presented and reported. Tesla reported a beat in EPS, reporting $1.19 per share, while the Street expected ...

LIVE BLOG: Tesla Q4 and Full Year 2022 earnings call

Tesla’s (NASDAQ:TSLA) fourth-quarter and full-year 2022 earnings call comes on the heels of the company’s Q4 and FY 2022 Update Letter. Tesla’s Q4 numbers were very impressive, with the company achieving its highest-ever quarterly revenue, operating income, and net ...

Tesla’s Full Self-Driving Beta pool balloons to ~400,000 users

Tesla’s Full Self-Driving Beta pool has ballooned to over 400,000 total users, a drastic increase from the 160,000 users it said were in the program in late September. In its Q4 and Full Year 2022 Shareholder Deck, the automaker described ...

Tesla Q4 and FY 2022 results: TSLA beats on revenue and EPS, slight miss on auto margins

Tesla (NASDAQ:TSLA) posted its fourth-quarter and full year 2022 earnings report after markets closed today. The results, which were discussed in the Q4 and FY 2022 Update Letter, were released after the closing bell on Wednesday, January 25, 2023. ...

Germany to send 10,000 more Starlink terminals to Ukraine

Germany plans to send Ukraine 10,000 Starlink satellite terminals next month, Minister of Digital Transformation Mykhailo Fedorov said on his official Telegram channel. The minister was recording an interview with German journalists, and he thanked the German people for the ...

Acura plans to sell its first EVs through new online system

Acura has announced that its upcoming electric vehicle offerings will be sold directly to consumers online instead of through the brand’s traditional dealership network. Acura and Honda are slated first to bring a full lineup of hybrids to the ...

Ford BlueCruise, GM SuperCruise ranked as best Driver Assistance systems, Tesla Autopilot ranks 7th

Ford’s BlueCruise and General Motors’ SuperCruise were ranked in the top two spots in Consumer Reports’ recent analysis of twelve Active Driving Assistance Systems, while Tesla Autopilot was ranked seventh. Among the manufacturers involved in the study, Ford and GM performed ...

Tesla price cuts push used EV prices to new lows

Recurrent Auto, an auto industry analysis and sales firm, has released its market analysis for Q1 2023, showing that used EV prices have collapsed, led by the Tesla Model 3 and Chevy Bolt. Perhaps one of the most significant ...

Lucid unveils groundbreaking Formula E drive unit

This morning, Lucid Motors unveiled its all-new motorsports-oriented drive unit, already being used in the Formula E racing series and the Lucid Air sports sedan. Late last year, Lucid got to show off its performance chops in a drag ...

Tesla adds Sentry Mode and Steering Wheel Heat features with new Software Update

Tesla has added several new features to its vehicles with the 2023.2.0.5 Software Update, including Sentry Mode improvements and Steering Wheel Heat upgrades. The 2023.2.0.5 Software Update from Tesla is currently rolling out to owners, and the automaker improved ...

Tesla (TSLA) Q4 and Full-Year 2022 earnings: What to expect

Tesla (NASDAQ: TSLA) will report its fourth-quarter and full-year 2022 Earnings Call this evening after markets close. Investors will be keeping a close eye on what the company reports in terms of financials and plans moving forward after a ...

Elon Musk corrects NV governor, says he gets “way too much credit” for Tesla’s success

While Nevada Governor Joe Lombardo was speaking to Gigafactory Nevada’s employees, Elon Musk decided to correct the government official. Elon Musk shared a number of updates with Giga Nevada’s employees in a recent presentation. These include Tesla’s plans to ...

Tesla’s Elon Musk confirms 4680 battery cells will be used for stationary storage

During his speech to Gigafactory Nevada employees about the facility’s $3.6 billion expansion, Tesla CEO Elon Musk dropped a very interesting tidbit of information. The company’s 4680 cells would not just be used for electric cars — they would ...

Tesla 4680 battery plant in Giga Nevada to ramp up to 500 GWh long-term: Elon Musk

Tesla is definitely ramping up its marketing efforts, with the company’s social media teams actively posting new content on several platforms. This was particularly evident on YouTube, where a video of Elon Musk’s recent speech to Gigafactory Nevada employees about ...

First look at Tesla Semi’s giant 1000-volt battery pack

The Tesla Semi has already started its vehicle deliveries, but relatively few details about the Class 8 all-electric truck’s final specifications have been fully disclosed by the electric vehicle maker. Thanks to a photo posted by Nevada Governor Joe Lombardo, ...

California Energy Commission pushes efforts to hold unreliable EV charging networks accountable

The California Energy Commission is taking steps to increase EV charging networks’ accountability and responsiveness to complaints. The efforts are timely as the number of electric vehicle owners in the state is growing at a quick pace. Among electric ...

Tesla takes step towards FSD Beta in Europe with ADAS test operator job openings

Elon Musk has been open about the idea that Tesla’s valuation in the future would likely rely on whether the company could perfect its Full Sef-Driving and Autopilot technology or not. With this in mind, the rollout of FSD ...

Porsche Taycan facelift with expected 1,000 hp and 3 motors already being tested

When the Porsche Taycan was released, the reigning all-electric sedan champion was the Tesla Model S Performance. The months that followed the Taycan’s release were exciting for the EV community since the Model S, which long dominated drag races, ...

Rocket Lab aces first Electron rocket launch from US soil

After many delays, Rocket Lab has successfully launched an Electron rocket from US soil for the first time. The company’s small Electron rocket lifted off at 6 pm EST (23:00 UTC), January 24th, from a pad built at NASA’s Wallops ...

Tesla ramps 4680 cell production at Giga Nevada

Tesla is ramping 4680 cell production at Gigafactory Nevada. The company recently announced a $3.6 billion new investment in Giga Nevada which will go towards growing the factory’s footprint, more employees, a 100 GWh 4680 cell factory, and a ...

Tesla ramps up hiring at Megapack factory

Tesla is ramping up hiring at its Megapack factory in Lathrop, California. The automaker and energy company has several engineering positions it’s trying to fill as it focuses on meeting the demand for its utility-scale battery energy storage systems. ...

Aptera makes DC fast-charging standard with launch edition vehicle

Aptera has announced that its upcoming launch edition vehicle will come standard with DC fast charging, and is now technically capable of using Tesla Superchargers. Since its inception, a major hurdle for the Aptera design team has been the ...

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