Tesla’s “Battery Day” will be held at the annual shareholder meeting to be held September 22 in Fremont, Calif. Tesla is expected to reveal details of its next-generation battery cell technology that will be used in a battery pack with a million-mile life, among other innovations. The technology has been developed in a secret facility…
Rivian has closed a massive $2.5 billion round of funding led by funds and accounts advised by T. Rowe Price Associates. Participants in this investment round included Soros Fund Management LLC, Coatue, Fidelity Management and Research Company, and Baron Capital Group. Existing shareholders Amazon and funds managed by BlackRock also participated. Rivian is set to…
Tesla’s prospective factory project in Austin has gained support from the Del Valle Independent School District, which voted Thursday to approve incentives to lure the automaker to the area. The proposal would give Tesla property tax incentives of $68 million and place the Tesla factory on land owned by the district. Tesla is interested in a 2,100 acre…
A photo of the Tesla Model Y and the upcoming Ford Mustang Mach-E charging side-by-side offers a good size comparison of the two electric crossovers. The photo was posted to Twitter by Simon Wong, who said the Ford test car was spotted in Waterloo, ON, Canada. Ford’s Mach-E is one of the most interesting competitors…
Tesla delivered 90,650 vehicles during the second quarter, a triumph during the pandemic that bested Wall Street estimates. Analysts predicted deliveries of about 74,000 vehicles, significantly less than what Tesla managed to achieve. The strong performance in Q2 was related to demand for Tesla’s more affordable vehicles. The company said it shipped 80,050 units of…
Tulsa has Elon Musk’s attention. The website tulsasaysyes.com enabled users to send a message aimed at the Tesla CEO on Twitter, encouraging him to build the automaker’s next factory in Tulsa. Oklahoma Gov. Kevin Stitt shared a tweet encouraging Oklahomans to help make “one final push.” “Let’s make Oklahoma Cybertruck country,” tweeted Stitt, who was…
Tesla’s online shop is now offering a $1,200 “Model Y Tow Package.” The new all-electric crossover can be configured with a tow hitch for $1,000, but it seems Tesla is now offering the accessory at a premium for those who decide to add it later. Tesla’s description of the package: Equip your Model Y with…
Tesla’s Shanghai-built Model 3 has quickly become the top-selling EV in China, to the tune of 11,095 cars in May, according to the China Passenger Car Association (CPCA). To date, customers have only been able to order the lower-end version of the car, but Tesla said in April it planned to start build the performance…
A Tesla Semi loaded with a fresh load of Model 3 sedans is a happy site. Twitter user @Emanuelreyes managed to capture that scene this week at Tesla’s factory in Fremont, Calif. The new cars are rolling out of the factory for delivery ahead of the close of the second quarter. It was particularly interesting…
Amazon has purchased self-driving technology startup Zoox for more than $1 billion, the latest show of the online retailer’s interest in vehicles that can operate on their own. Amazon has previously placed bets on Rivian, which is developing self-driving tech to pair with its electric pickup and SUV; Aurora, which was co-founded by Chris Urmson, the…
