Toyota’s joint venture in China, FAW-Toyota, issued a recall plan for its electric sedan in China. The recall affects over 12,000 Toyota bZ3 models produced this year due to defective rear door handles. Toyota revealed the bZ3 electric sedan last October as part of its plan to recapture market share in the region. The bZ3
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Tesla has launched its electric vehicles in Malaysia as part of its latest expansion in a new market. Now that the Model Y is firmly the best-selling passenger vehicle in the world, Tesla is looking to expand into more markets, especially in Asia. The automaker launched in Thailand recently. Now Tesla is turning its attention
Tesla (TSLA) delivered a wild amount of energy storage again last quarter, but its solar business is significantly down. Yesterday, Tesla released its Q2 2023 financial results. With the release of its results, Tesla always disclosed the amount of energy storage and solar power it deployed during the last quarter. The company confirmed that it
Tesla’s (TSLA) stock crashed more than 8% on Elon Musk disclosing that he anticipates lower production this quarter and another recall that is a “real” one this time. Yesterday, Tesla released its Q2 2023 financial results, and it beat Wall Street expectations on both revenue and earnings. Despite the beat, Tesla’s stock was down by
Tesla appears to be ready to take Bitcoin payments again after briefly doing it a few years ago, but stopping after pressure about going against its mission. Tesla’s history with Bitcoin Early in 2021, Tesla invested $1.5 billion in Bitcoin. Shortly after, the automaker started accepting the cryptocurrency as payment on new vehicles. However, a few days later,
Elon Musk confirmed that Tesla is currently in ‘early’ discussion to license its self-driving technology with a ‘major’ automaker. At the end of his opening remarks for Tesla’s Q2 2022 earnings call following the release of the automaker financial results, CEO Elon Musk said that he wanted to “strongly emphasize” that Tesla is open to
Tesla has released an update about its Cybertruck program and claimed it will be the first sub-19 ft pickup truck with four doors and a bed over six feet. Just a few days prior to the earnings report, Tesla announced that it had “built the first Cybertruck at Gigafactory Texas.” We were surprised by the
Tesla says that it will finally allow owners who bought its Full Self-Driving (FSD) package, valued at up to $15,000, to transfer the software package to a new car, but only if they place an order this quarter. It’s something that Tesla owners have been asking about for a long time. The idea is that
Tesla (TSLA) released its financial results and shareholders letter for the second quarter of 2023 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 Q2 2023 earnings expectations As we reported in our Tesla
Nissan is adopting Tesla’s North American Charging Standard (NACS) starting in 2025, the first Japanese automaker to make the move. Nissan EVs will use Tesla NACS in a first for Japan Starting next year, Nissan will provide a NACS charging adopter for its first electric SUV, the Ariya, enabling drivers to access Tesla’s Supercharge network.
Tesla has revealed its plan for Gigafactory Berlin expansion with battery production and more, as it seeks approval for the plan. Gigafactory Berlin is Tesla’s first full-scale factory in Europe. It is now producing over 5,000 Model Y vehicles per week, but the automaker always had much bigger plans for the factory. Tesla is currently
Tesla (TSLA) is about to release Q2 2023 financial results today, Wednesday, July 19, after the markets close. As usual, a conference call and Q&A with Tesla’s management are scheduled after the results. Here we’ll take a look at what both the street and retail investors are expecting for the quarterly results. Tesla Q2 2023
Tesla plans to deploy something called a “CyberCanopy” at a new Supercharger station. Is this a new Tesla product? Elon Musk has been promising that Tesla will power all Supercharger stations with solar and batteries for a long time, but the rollout has been significantly delayed. Back in 2016, Musk told me that Tesla was
Tata Group, the parent company behind Jaguar and Range Rover, is set to announce a new EV battery plant in West England. According to a new report from Bloomberg, Tata has chosen a site in Somerset, West England. People familiar with the plans who wish to remain anonymous say the Indian conglomerate will outline them
Tesla is rumored to have partnered with Samsung to produce a new self-driving chip based on a 4-nanometer node for Tesla’s Hardware 5 (HW 5.0). Back in 2016, Tesla started building a team of chip architects led by legendary chip designer, Jim Keller, to develop its own silicon. The goal was to design a super
Tesla has revealed the Cybertruck’s seats in a new video featuring its butt robot – a robot that simulates someone sitting in a seat. I didn’t think I would ever write about a butt robot when I first started writing for Electrek eight years ago, but now, over 12,000 articles later, it’s actually my second
Elon Musk and other Tesla board members have agreed to return over $735 million in stock awards and cash as part of a settlement of a lawsuit over the board’s compensation. In 2020, the Police and Fire Retirement System of Detroit, a Tesla shareholder, decided to sue Tesla over what it believed to be excessive
Elon Musk says the Ford F150 Lightning is too expensive, as Ford slashes the price to help demand catch up to increased production. As Tesla Cybertruck’s price is up in the air, some believe this could hint at the electric pickup truck coming in cheaper than the Lightning. Today, Ford announced price drops across its
As Porsche moves toward an electric future, the automaker aims to deliver the same margins with its EVs, if not more, than its ICE models. Porsche’s production manager Albrecht Reimold says the Taycan and Macan EVs are “on the right track” to achieve a comparable margin with its combustion engine models. After its debut in
Kia is already accumulating sales after beginning deliveries of its flagship electric SUV less than a month ago. Kia sold over 1,300 EV9 models in its first month on the market. Kia drops first EV9 monthly sales report in June After several months of teasing, Kia finally took the sheets off its new electric SUV
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