UAW strikes cause more layoffs among US auto suppliers The ongoing UAW strike against the Detroit Big Three is having a devastating impact on auto suppliers. As per a recent survey from MEMA Original Equipment Suppliers, nearly 40% of auto suppliers have already laid off workers. Collected from October 9 – 11, 2023, the survey…
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Tesla EVs Cost More To Repair Than Gas Cars, But There’s More To The Story
Average repair costs for Teslas were $1,347 higher than gasoline vehicles in the previous quarter.
Musk Warns Of ‘Insanely Difficult’ Tesla Cybertruck Production, Wants To ‘Temper Expectations’
On Tesla’s Q3 earnings call, CEO Elon Musk warned of how hard Cybertruck production is going to be.
Tesla Added 330 New Supercharging Stations Globally In Q3 2023
Tesla is steadily expanding its charging network across the world.
Tesla Model 3 Highland Deliveries In China Start Soon, No Word On U.S.
The estimated wait time for new orders is now estimated at 6-9 weeks.
Musk Has Been ‘Overly Optimistic’ On FSD. What Does That Mean For Owners?
On Tesla’s Q3 earnings call, Tesla’s CEO also said that the recent FSD price cut would be temporary.
Tesla’s Next-Gen EV ‘Much More Conventional’ Than Cybertruck, Musk Says
This means it will be much easier to build; he also said the next-generation vehicle is “cool” and “beautiful,” but “utilitarian.”
Tesla formally raises Giga Shanghai’s estimated annual capacity
Tesla formally raises Giga Shanghai’s estimated annual capacity Tesla Giga Shanghai is the company’s largest factory by output. It also serves as Tesla’s primary vehicle export hub. And in the company’s Q3 2023 Update Letter, the electric vehicle maker formally adjusted the facility’s annual vehicle capacity. In previous quarters, Tesla has listed Gigafactory Shanghai’s annual…
Tesla Energy is becoming the company’s highest margin business: Elon Musk
Tesla Energy is becoming the company’s highest margin business: Elon Musk Tesla Energy turned out to be the dark horse of the company’s third-quarter results. CEO Elon Musk even noted during the Q3 2023 earnings call that Tesla’s battery storage business is becoming one of the company’s most profitable divisions. The Q3 2023 Update Letter…
LIVE BLOG: Tesla (TSLA) Q3 2023 earnings call
LIVE BLOG: Tesla (TSLA) Q3 2023 earnings call Tesla’s (NASDAQ:TSLA) Q3 2023 earnings call comes on the heels of the company’s Q3 2023 Update Letter. Tesla remained profitable in Q3, despite a decrease in delivery and production, as well as a reduction in the company’s average selling price. Still, Tesla posted revenues of $23.35 billion and…