Tag: featured
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Tesla Superchargers estimated to make $25B+ in annual revenue when opened to other EVs
Elon Musk recently announced that Tesla is planning to open its Supercharger Network to other EVs later this year. Following the announcement, Goldman Sachs crunched the numbers and estimated that Tesla could make more than $25 billion in annual revenue by opening up its charging network to other electric cars. As part of its computation,…
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Tesla Model Y sales allow LG Energy Solutions to dethrone CATL as top battery vendor
South Korea’s LG Energy Solutions (LGES) has dethroned China’s Contemporary Amperex Technology (CATL) as the world’s top battery vendor. LG’s accomplishment was made possible by several factors, including the strong demand and increasing momentum of the Made-in-China Tesla Model Y. According to market analytics firm SNE Research, LG Energy Solution’s installed base rose 270% to…
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Tesla’s Elon Musk highlights Virtual Power Plants’ importance amid CA launch
Tesla has launched its Virtual Power Plant (VPP) program in California, allowing customers to utilize their Powerwall batteries and solar panels to help the state’s grid. While the VPP seems to be a pilot program in California for now, Tesla CEO Elon Musk has noted that the capability to donate spare battery capacity to the…
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Tesla supply chain: Biden team plans $52B funding to address chip shortage among US carmakers
The Biden administration is already assembling a team to invest around $52 billion worth of funding for semiconductor research and manufacturing, awaiting congressional approval. The CHIPS Act would establish investments and incentives to support semiconductor manufacturing, research & development, and supply chain security in the United States. Companies around the globe have been affected by the global chip…
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Toyota exec and Model X owner argues against a pure electric vehicle transition
Toyota Chief Scientist and Toyota Research CEO Gill Pratt recently shared his thoughts about the climate crisis, as well as the need to reduce carbon emissions in the transportation sector. The executive is quite knowledgeable about sustainable vehicles, as evidenced by the three cars he currently owns: a Toyota Sienna Hybrid, a RAV4 Prime Plug-In…
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Elon Musk’s Starlink provides free internet in West German areas ravaged by floods
A week after Germany was hit by devastating floods that released two months’ worth of rainfall in just two days, several areas of the country remain severely hobbled by the effects of the natural disaster. Rescue operations are still underway, but in locations such as Rhineland-Palatinate, communication remains difficult due to limited cellular reception and…
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Tesla signs nickel supply agreement with Australian mining company
Tesla and BHP, a global mining company in Australia, signed a nickel supply agreement with each other recently. BHP will supply Tesla with nickel from its Nickel West asset in Western Australia. The mining company assured that its Nickel West asset is one of the most sustainable and lowest carbon emission nickel producers in the…
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Tesla lawsuit claiming Autopilot is ‘false advertising’ allowed to proceed
A lawsuit against Tesla from two Santa Barbara, California, brothers who claim Autopilot is false advertising is being allowed to proceed to its next phase after the automaker’s several attempts to have it dismissed. Judge Thomas Anderle ruled earlier this week that Alexandro Filippini vs. Tesla, Inc. will be allowed to proceed and could be…
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Lucid Motors details production efforts, new showrooms, and its SUV
Lucid Motors has released new details regarding the production of the Air sedan, along with plans of an upcoming flagship studio in New York City and some minor updates on the Gravity SUV that it announced late last year. Lucid and Churchill Capital Corp IV filed new details with the SEC, stating that the company…
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Mercedes-Benz announces all-electric strategy from 2025 onward
Mercedes-Benz is going all-electric starting in 2025, with plans to launch three electric-only architectures that year and install over 200 Gigawatt hours of battery cell capacity across eight factories. Earlier today, Mercedes-Benz, a German automaker based in Stuttgart, announced its plan to be fully electric by the end of the decade. However, any newly launched…