Electric vehicle upstart Rivian has filed for an initial public offering that would value the company between $70-80 billion. The company is currently pursuing two segments, electric delivery vans for companies like Amazon, and an electric pickup and SUV aimed at adventure seekers. While Amazon currently has Rivian vans in operation, the consumer vehicles have… Continue reading Rivian Files for IPO Targeting $80 Billion Valuation
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Tesla Plans to Sell Energy to Texans
Tesla has filed an application with the Texas Public Utility Commission to sell electricity to customers. The application, first reported by Texas Monthly, was submitted by a Tesla subsidiary called Tesla Energy Ventures. Tesla also intends to build two massive batteries near Austin and Houston. The 100-megawatt storage system would enable Tesla to serve power… Continue reading Tesla Plans to Sell Energy to Texans
Report: Ford Doubles Production Target for F-150 Lightning
Ford has doubled its production target for the all-electric F-150 Lightning pickup, according to a report from Reuters. The first electric version of the nation’s top-selling truck is expected to start deliveries next year. According to the report, demand for the Lighting has been so strong that Ford has decided to pump $850 million in production efforts.… Continue reading Report: Ford Doubles Production Target for F-150 Lightning
SpaceX Has Shipped 100,000 Starlink Terminals
SpaceX’s effort to beam internet around the globe has already racked up 100,000 customers. Chief Executive Elon Musk tweeted Monday that 100,000 Starlink terminals have been shipped. The terminals receive the internet signal from a constellation of satellites that SpaceX continues to build. The first Starlink satellites were launched in February 2018. The constellation has… Continue reading SpaceX Has Shipped 100,000 Starlink Terminals
Musk Says FSD Beta is ‘Not Great’
Tesla Chief Executive Elon Musk said its latest beta version of its Full Self Driving software is “not great.” Musk was replying to a video praising the new self-driving software. Musk said Tesla employees have urgency to improve the system. “FSD Beta 9.2 is actually not great imo, but Autopilot/AI team is rallying to improve… Continue reading Musk Says FSD Beta is ‘Not Great’
Tesla Bot Prototype Coming in 2022
Tesla announced Thursday at its “AI Day” that it will build a “Tesla Bot” as soon as 2022. Chief Executive Elon Musk said the human-like robot will be able to complete tasks that are “boring, dangerous, repetitive jobs that people don’t want to do.” A Tesla Bot was on display at the event, but as… Continue reading Tesla Bot Prototype Coming in 2022
NHTSA Announces Autopilot Investigation
The National Highway Traffic Safety Administration (NHTSA) announced Monday that it has launched an investigation into Tesla’s Autopilot feature. The pointed to 11 crashes since January 2018 where Tesla models operating on Autopilot “have encountered first responder scenes and subsequently struck one or more vehicles involved with those scenes.” The agency said the accidents caused 17 injuries… Continue reading NHTSA Announces Autopilot Investigation
Production at Giga Berlin Could Begin in October
Tesla plans to start production in October at its new Gigafactory near Berlin. Reuters reported that Tesla Chief Executive Elon Musk remarked on the plans during an event Friday in Germany. According to the report: “We’re looking forward to hopefully getting the approval to make the first cars maybe in October if we are fortunate,” Musk… Continue reading Production at Giga Berlin Could Begin in October
Tesla Rolls Out Charging Capabilities for Salvage Title Model 3 Vehicles
Last year Tesla practiced some caution by blocking access to its Supercharger network for vehicles with salvaged titles. A wrecked vehicle could have damage to the battery that makes the vehicle. That said, limiting chargers is a real bummer for people who want to rebuild damaged Tesla cars. For those skilled enough to do the repairs, a… Continue reading Tesla Rolls Out Charging Capabilities for Salvage Title Model 3 Vehicles
Tesla Sales Drop in China
Sales of Tesla vehicles in China plunged 69 percent in July, according to the China Passenger Car Association (CPCA). According to the report Tesla sold 32,968 vehicles in China last month, compared to 28,138 in June. Tesla currently builds its Model 3 sedan and Model Y SUV at its factory in Shanghai. Overall, retail sales of passenger vehicles, including… Continue reading Tesla Sales Drop in China