Tesla Increases Profits 658 Percent In Twelve Months

On the same day that Netflix starred in a historic cataclysm on the stock market, 35% of its value was left behind, the great power of Austin, Texas confirmed that its spectacular growth streak shows no signs of losing strength. Tesla signed a spectacular new quarter, the first of 2022, with a turnover that increased by 8367 million dollars as compared to last year (81% more), and profits that went from 438 million in 2021 to 3318 million in the last trimester. The jump is impressive: a 658% improvement.Source: Re-posted and Summarized from Nic...[More]

Tesla Increases Profits 658 Percent In Twelve Months

On the same day that Netflix starred in a historic cataclysm on the stock market, 35% of its value was left behind, the great power of Austin, Texas confirmed that its spectacular growth streak shows no signs of losing strength. Tesla signed a spectacular new quarter, the first of 2022, with a turnover that increased by 8367 million dollars as compared to last year (81% more), and profits that went from 438 million in 2021 to 3318 million in the last trimester. The jump is impressive: a 658% improvement.Source: Re-posted and Summarized from Nic...[More]

Tesla Has Begun Installing Solar Panels on Roof Of Giga Berlin

Tesla has begun installing solar panels on the building of the Giga Berlin car factory. The company is committed to using sustainable energy to produce environmentally-friendly vehicles.Tesla has always wanted to help the world to expedite from a mine-and-burn hydrocarbon economy toward a solar electric economy. Building new factories, the manufacturer planned to install solar panels to power them with electricity. Thus, solar panels continue to cover Giga Nevada and Giga Texas, and recently, the first installations were spotted on Giga Berlin....[More]

Tesla Has Begun Installing Solar Panels on Roof Of Giga Berlin

Tesla has begun installing solar panels on the building of the Giga Berlin car factory. The company is committed to using sustainable energy to produce environmentally-friendly vehicles.Tesla has always wanted to help the world to expedite from a mine-and-burn hydrocarbon economy toward a solar electric economy. Building new factories, the manufacturer planned to install solar panels to power them with electricity. Thus, solar panels continue to cover Giga Nevada and Giga Texas, and recently, the first installations were spotted on Giga Berlin....[More]

Are Automakers Teaming Up To Compete With Tesla

Honda and GM recently announced plans to codevelop a series of affordable electric vehicles based on a new global architecture using next-generation Ultium battery technology.The two automakers have been working together on electric and autonomous vehicle technologies for some time, in 2018, Honda joined GM’s battery module development efforts, and in 2020, they announced plans to codevelop two E.V.s, including the Honda Prologue and an Acura electric S.U.V.Now they say they will work together to enable global production of millions of E.V...[More]

Are Automakers Teaming Up To Compete With Tesla

Honda and GM recently announced plans to codevelop a series of affordable electric vehicles based on a new global architecture using next-generation Ultium battery technology.The two automakers have been working together on electric and autonomous vehicle technologies for some time, in 2018, Honda joined GM’s battery module development efforts, and in 2020, they announced plans to codevelop two E.V.s, including the Honda Prologue and an Acura electric S.U.V.Now they say they will work together to enable global production of millions of E.V...[More]

Lexus Will Finally Get A Proper Three-Row Crossover

When Lexus dealerships begged the company to build a three-row crossover to slot above the RX and below the body-on-frame GX, they got the RX L. Essentially a slightly elongated RX with a cramped third row, the Lexus RX L was not the critical success Lexus dealers hoped for. The company's next attempt should be more promising. Way back in 2014, Lexus was spotted filing a trademark for the name TX. Though it has yet to materialize, the TX is rumored to be the first dedicated Lexus three-row crossover.rnSpeaking with Automotive News, insider sour...[More]

Lexus Will Finally Get A Proper Three-Row Crossover

When Lexus dealerships begged the company to build a three-row crossover to slot above the RX and below the body-on-frame GX, they got the RX L. Essentially a slightly elongated RX with a cramped third row, the Lexus RX L was not the critical success Lexus dealers hoped for. The company's next attempt should be more promising. Way back in 2014, Lexus was spotted filing a trademark for the name TX. Though it has yet to materialize, the TX is rumored to be the first dedicated Lexus three-row crossover.rnSpeaking with Automotive News, insider sour...[More]

Tesla Moves Closer To Investment Grade Rating With S and P

Tesla moved closer to the S and P Global's Investment Grade rating after reporting a strong first quarter with a solid financial balance sheet, especially in terms of free cash flow, while navigating tough macro conditions in the sector.S and P Global Ratings today said that Tesla's first-quarter results (ended March 31, 2022) indicate solid execution and prospects for robust free cash flow in 2022 amid supply disruptions, the organization wrote in a bulletin.Tesla's Q1 2022 Earnings Call took place on Wednesday, where CEO Elon Musk and oth...[More]

Tesla Moves Closer To Investment Grade Rating With S and P

Tesla moved closer to the S and P Global's Investment Grade rating after reporting a strong first quarter with a solid financial balance sheet, especially in terms of free cash flow, while navigating tough macro conditions in the sector.S and P Global Ratings today said that Tesla's first-quarter results (ended March 31, 2022) indicate solid execution and prospects for robust free cash flow in 2022 amid supply disruptions, the organization wrote in a bulletin.Tesla's Q1 2022 Earnings Call took place on Wednesday, where CEO Elon Musk and oth...[More]

Giga Shanghai Is Back To Ramping Production Quickly

After a three-week shutdown at Tesla's Giga Shanghai in China, production is ramping back up in a big way. This comes as no surprise thanks to the factory's successful ramps in the past, and Tesla's need to make up for a notable chunk of lost production.Keep in mind that the factory pause not only impacted local Tesla deliveries in China, but also deliveries across the globe since the China factory is Tesla's primary export hub.As noted by our friends at Teslarati, CEO Elon Musk said on the recent Q1 2022 Tesla investors conference call that pr...[More]

Giga Shanghai Is Back To Ramping Production Quickly

After a three-week shutdown at Tesla's Giga Shanghai in China, production is ramping back up in a big way. This comes as no surprise thanks to the factory's successful ramps in the past, and Tesla's need to make up for a notable chunk of lost production.Keep in mind that the factory pause not only impacted local Tesla deliveries in China, but also deliveries across the globe since the China factory is Tesla's primary export hub.As noted by our friends at Teslarati, CEO Elon Musk said on the recent Q1 2022 Tesla investors conference call that pr...[More]

Volkswagen Scrambles To Catch Up To Teslas Focus On Software

There’s no question that even a legacy car manufacturer like Volkswagen has a lot of catching up to do if it hopes to model Tesla’s hyperfocus on software. As one small solution, the German automaker is now offering a programming school to help train and hire software professionals in anticipation of a software-based automobile future.Volkswagen’s Faculty 73 programming school offers training for people interested in learning software and someday working for the auto giant, as detailed in a report last month from DW.Rene Körner, one such...[More]

Volkswagen Scrambles To Catch Up To Teslas Focus On Software

There’s no question that even a legacy car manufacturer like Volkswagen has a lot of catching up to do if it hopes to model Tesla’s hyperfocus on software. As one small solution, the German automaker is now offering a programming school to help train and hire software professionals in anticipation of a software-based automobile future.Volkswagen’s Faculty 73 programming school offers training for people interested in learning software and someday working for the auto giant, as detailed in a report last month from DW.Rene Körner, one such...[More]

Elon Musk Formed X Holdings as Part of Bid to Acquire Twitter

Elon Musk created a trio of holding companies dubbed X Holdings as part of his bid to acquire Twitter. This gives him the potential to bring all of his businesses under one parent company, as he mentioned earlier.According to the April 20, 2022 filing, new companies were created in Delaware, each with a variant of the name X Holdings. In particular, we are talking about X Holdings II which is listed in the document as Purchaser and X Holdings I which is named Parent.Reference is made to a possible third-party tender offer by X Holdings...[More]

Elon Musk Formed X Holdings as Part of Bid to Acquire Twitter

Elon Musk created a trio of holding companies dubbed X Holdings as part of his bid to acquire Twitter. This gives him the potential to bring all of his businesses under one parent company, as he mentioned earlier.According to the April 20, 2022 filing, new companies were created in Delaware, each with a variant of the name X Holdings. In particular, we are talking about X Holdings II which is listed in the document as Purchaser and X Holdings I which is named Parent.Reference is made to a possible third-party tender offer by X Holdings...[More]

Tesla Almost Doubled The Rate Of Supercharger Deployment In Q1 2022

Tesla continues its global expansion of the Supercharging network, achieving strong growth of new installations compared to the previous year.During the first quarter of 2022, the company installed 248 new stations and 2159 new individual connectors, which translates to an average ratio of connectors per station of 8.7.Compared to Q1 2021, the rate of new installations accelerated significantly, but compared to the previous three quarters, the volume is about the same (which isn't bad, considering the global supply chain issues).Quarterly resul...[More]

Tesla Almost Doubled The Rate Of Supercharger Deployment In Q1 2022

Tesla continues its global expansion of the Supercharging network, achieving strong growth of new installations compared to the previous year.During the first quarter of 2022, the company installed 248 new stations and 2159 new individual connectors, which translates to an average ratio of connectors per station of 8.7.Compared to Q1 2021, the rate of new installations accelerated significantly, but compared to the previous three quarters, the volume is about the same (which isn't bad, considering the global supply chain issues).Quarterly resul...[More]

Tesla Confirms New Robotaxi Without Steering Wheel And Pedals For 2024

During the Q1 2022 earnings call, Elon Musk shared some details about Tesla’s new robotaxi vehicle. The new vehicle won’t have a steering wheel or pedals as it will fully utilize Tesla’s full self-driving (FSD) software.We’re also working on a new vehicle that I alluded to at the Giga Texas opening, which is a dedicated robotaxi that’s highly optimized for autonomy, meaning it would not have a steering wheel or pedals, Musk said during the latest earnings call.And there are a number of innovations around it that I think are quite e...[More]

Tesla Confirms New Robotaxi Without Steering Wheel And Pedals For 2024

During the Q1 2022 earnings call, Elon Musk shared some details about Tesla’s new robotaxi vehicle. The new vehicle won’t have a steering wheel or pedals as it will fully utilize Tesla’s full self-driving (FSD) software.We’re also working on a new vehicle that I alluded to at the Giga Texas opening, which is a dedicated robotaxi that’s highly optimized for autonomy, meaning it would not have a steering wheel or pedals, Musk said during the latest earnings call.And there are a number of innovations around it that I think are quite e...[More]