Tesla China implements Model 3 and Model Y price increase Just as expected, Tesla China announced earlier today that the Model 3 and Model Y Long Range variants are receiving a slight price adjustment. The Model 3 Long Range received a RMB 1,500 ($206) price increase, while the Model Y Long Range saw a price…
Lucid appoints first Chief Operating Officer Marc Winterhoff Lucid Group, Inc. appointed Marc Winterhoff as its first Chief Operating Officer (COO). “I couldn’t be more excited to join Lucid and be part of such a stellar group,” said Winterhoff. “The incredible products Lucid has created and brought to market inspire technologists and car lovers everywhere,…
Polestar adopts conservative delivery and gross margin estimates for 2023 Electric vehicle maker Polestar has adopted a conservative estimate for its vehicle delivery and gross margin targets for 2023. The company now intends to deliver around 60,000 vehicles this year. It also expects to achieve a gross margin of just 2%. Prior to its update,…
Meanwhile, the Tesla Model 3 has the lowest 5-year depreciation for EVs.
Tesla making first steps to launch business in Chile Tesla is taking the first steps to launch its business in Chile. Tesla has reportedly registered its name with the government, and it was published on September 28 with its intentions in the country being “the import, export, manufacturing, marketing, distribution, and sale of vehicles, especially…
UAW’s efforts to unionize Tesla ‘absolutely’ supported by President Joe Biden The UAW’s efforts to unionize Tesla and Toyota have the support of U.S. President Joe Biden. “Absolutely,” the President said when asked about the UAW’s interest in unionizing Tesla and Toyota. The U.S. President slighted Tesla for a long time, and many of the…
Rocket Lab reports results for Q3 2023 Rocket Lab’s (NASDAQ: RKLB) Q3 results are out and revealed they are still looking good financially despite the launch failure that occurred in September. During the call, it was revealed that the launch failure investigation was able to determine the cause and that they have scheduled the next…
Volkswagen aims for sub-$35,000 EV in the U.S. Volkswagen is aiming to bring an electric vehicle to the U.S. market that will cost less than $35,000, and it plans to launch it within the next 3-4 years. In the U.S., EV adoption has grown significantly over the last few years. In Q3 2023, EVs made…
SpaceX Cargo Dragon ready for resupply trip to ISS NASA and SpaceX are currently targeting the launch of the CRS-29 resupply mission to the International Space Station this evening at 8:28 p.m. ET (01:28 UTC on the 10th). The CRS-29 mission, the 9th in the Phase 2 portion of the contract awarded to SpaceX by…
Plus we discuss the premature death of a Tesla Model 3 battery.