Tag: tesla
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VW PowerCO confirms QuantumScape solid-state battery cell performance.
On January 3 2024, VW’s PowerCO SE group released its findings on QuantumScape’s solid-state battery cell confirming it can hit 1,000 charging cycles and still maintain 95% original capacity. While this isn’t new as QuantumScape (QS) themselves have publicly announced this result in their Q3 2023 shareholder letter, this confirmation by a partner gives confidence…
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Tesla achieves 1.8 million cars delivered in 2023
At the beginning of the year Tesla issued 2023 annual delivery and production to be around 1.8 million vehicles. On January 2nd 2024, they announced their Q4 2023 deliveries and production and have met their commitment. Model 3/Y deliveries for the year is 1,775,159. Q4 2023 earnings will be released on Wednesday January 24, 2024.…
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Tesla Cybertruck delivered to customers
Tesla has delivered the first 10 Cybertruck to actual customers. After an extensive development period, it has made it out to the real world. Pricing, performance and availability details are now public. Cybertruck uses hard stainless steel and can withstand a large hammer hit and bullets. The stainless steel finish is not painted and Tesla…
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Tesla Q3 2023 Earnings, $23.35 B revenue, 9% yoy, Net income $1.85 B -44% yoy
Tesla had a tough Q3 2023. Its price cuts have maintained high volume deliveries and sales to match production capacity but that has hurt profitability. Tesla Q3 2023 total revenue is $23.35 Billion which grew 9% yoy but declined -6.7% sequentially from $24.927 Billion last quarter. Net income came in at $1.85 Billion and dropped…
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EVs reaches 314,036 in Q3 2023 with Tesla at 50%
Cox Automotive published the EV sales for Q3 2023. Total number of EVs, cars, trucks, SUV, commercial vans reached 314,036. Tesla has sold 156,621 EVs and jumped 19.5% from a year ago Q3 of 131,024. BMW and Mercedes both had a strong showing in Q3 . BWM obtained 4.2% of the segment while Mercedes had…
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Tesla Q3 2023 production and deliveries and new Model Y RDW and lowered prices
Q3 2023 Production Deliveries Subject to operating lease accounting Model S/X 13,688 15,985 8% Model 3/Y 416,800 419,074 4% Total 430,488 435,059 4% Q2 2023 Production Deliveries Subject to operating lease accounting Model S/X 19,489 19,225 8% Model 3/Y 460,211 446,915 5% Total 479,700 466,140 5% Earnings will be announced October 18, 2023. Compared…
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Elon Musk livestream demo of FSD V12 beta
Elon Musk live-streamed a demo of FSD v12 beta. He drove to random places in Palo Alto California. It is published on X (formerly Twitter) on August 25, 2023. With FSD V12, the C++ code that implement rules on driving are replaced with an AI trained model to mimic good human driving. There is no…
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Tesla finished up 25.08, 10.09% at $273.58 on analyst upgrade and AI potential.
September 11, 2023, According to Forbes and the news outlets, Morgan Stanley analyst Adam Jonas upgraded Tesla to overweight with a target price of $400. https://www.forbes.com/sites/dereksaul/2023/09/11/tesla-stages-80-billion-rally-after-morgan-stanley-ups-price-target-on-ai-optimism There is no news coming from Tesla. Tesla spiked up 10.09% $25.08 to $273.58. It appears this reaction is mainly from the upgrade. The report from Adam Jonas focused…
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Tesla releases new Tesla Model 3 in China and Australia and lowers prices of Model X, Y and FSD
Tesla is now taking orders on the new Model 3 in China, EU and Australia. The new Model 3 is shown in the Australia Tesla website: https://www.tesla.com/en_au/model3 Changes that simplify assembly and improve quality: Front headlights are integrated with fog lamp into one piece. Tail lights are integrated as one piece with the hatch door.…
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How to not miss strong days: invest for long term. Tesla finished +18.36 +7.69% at $257.18
On August 29, 2023, Tesla finished the regular trading at $257.18, up +18.36 or +7.69% from the previous day on heavy volume of 134,047,603 shares. There was no significant Tesla specific news to account for this big jump. The one news related to Tesla came in the day before where Tim Zaman who works at…
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Tesla adds Standard Range Model S and X.
Update: Tesla has discontinued the Standard Range Model S and X described in this article on September 1st 2023 after Tesla released the new Model 3 in China and Australia and reduced prices on Model S and X. The new Model S Dual Motor All-Wheel Drive Standard Range is priced at $78,490. The specs on…
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Tesla CFO, Zachary Kirkhorn steps down, replaced by Vaibhav Taneja
August 4, 2023 Tesla SEC 8-K filing statement announced their CFO Zachary Kirkhorn has ended his position. Kirkhorn had been with the company for 13 years and overseen a lot of growth during his term. Since he has a complete understanding of the business, he was rumored to be a candidate for Tesla CEO succession…
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Tesla Q2 2023 highlights $24.9 B revenue, +47% yoy, $2.7 B +20% yoy.
Tesla revenue for Q2 2023 came in at $24.9 Billion and GAAP income $2.7 Billion. Revenue grew 47% yoy and income grew 20% yoy. Net free cash flow $1 B, +62% yoy. They end the quarter with healthy $23B, up 22% yoy. Tesla has three sources of revenue. Automotive came brought in the majority at…
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Tesla built first production Cybertruck
On July 15, 2023 official Tesla twitter account reported it had made the first Cybertruck at Giga Texas factory. https://twitter.com/Tesla/status/1680121747910148099 This means the material engineering, chassis design, mechanical engineering, electrical engineering, communication network, brakes, suspension, battery pack and motors work are complete. It also means the design of the production line is also done. It…
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Tesla Q2 2023 produced record 479,700 vehicles
Tesla Q2 2023 production break new record at 479,700 vehicles and delivered 466,140. Model S/X stayed flat at 19,489 produced and 19,225 delivered. The growth comes from Model 3/Y at 460,211 produced and 446,915 delivered. Q2 Earnings will be released at market close on July 19, 2023. Model Q2’23 Production Q2’23 Deliveries Q1’23Production Q1’23Deliveries Q4…
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Tesla AI started Dojo production for machine learning training
Tesla AI twitter account tweeted that they have started Dojo production. In graph estimating the production ramp, they predict the amount of compute Dojo will have. It will have the equivalent of 100,000 Nvidia A100 by January 2024 and 300,000 Nvidia A100 or 100 Exa-Flops by October 2024. https://twitter.com/Tesla_AI/status/1671589874686730270 High amount of compute enables more…
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GM, Ford to adopt Tesla charging network and North America Charging Standard (NACS)
On Jun 8, 2023, GM CEO Marry Barra in a 10 minute Twitter Spaces chat with Elon Musk announced GM will join Ford to adopt Tesla’s charging network and to build GM cars using Tesla’ open North American Charging Standard (NACS) starting in 2025. This a win win for GM, Tesla and customers. GM customers…
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Tesla Model S Plaid takes Nurburgring production EV record 7:25.231
Official Tesla twitter account reported on June 3 that their Tesla Model S Plaid have taken the Nurburgring production EV record with time of 7:25.231. That is an improvement of 8 seconds over the previous record. From official Nurburgring website: 7:25.231 Tesla Model S Plaid Track Package Tom Schwister 6/2/2023 video7:33.35 Porsche Taycan Turbo S…
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Tesla qualifies for Advanced Manufacturing direct pay credit for battery manufactured in U.S.
Many consumers are aware of the $7,500 consumer tax credit. What is less known, is the Inflation Reduction Act has incentives for manufacturers also via a direct pay credit paid to U.S. battery manufacturers. Tesla have joint battery plant with Panasonic operating in Nevada and qualifies for battery from that plant. How much credit does…
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Tesla Model 3 qualifies for $7,500 tax credit
At the top of the Tesla.com is a banner that shows Tesla Model 3 qualifies for the full Inflation Reduction Act (IRA)’s $7,500 tax credit for consumers. With that adjustment, Tesla’s entire mass volume vehicle line up of Model 3 and Model Y qualify for the max tax credit. Let’s run the math and see…