Tesla continued its profitability streak, reporting Wednesday net income of $1.62 billion in the third quarter, a nearly fivefold increase from the $331 million it earned in the same period last year. The record-setting profit came thanks to record sales and despite a global chip shortage and supply chain constraints that have affected the industry. […]
Tesla hosts festival at Berlin gigafactory to announce start of production by December
Tesla CEO Elon Musk threw a rager at the new Berlin gigafactory on Saturday – complete with bright lights, techno music, a Ferris wheel, carousel, arcade and vegetarian food trucks – to announce the start of production at the disputed site that’s faced lawsuits by environmental groups. “We’re aiming to start production in a few […]
Elon Musk announces Tesla to move headquarters to Austin
Tesla CEO Elon Musk said the company would be moving its headquarters from Palo Alto, California to Austin, Texas, a city that has recently seen a flood of tech companies and remote workers. Musk announced the news at the 2021 Tesla, Inc. Annual Meeting of Stockholders, which took place at the Tesla Austin gigafactory, rather […]
GM builds new center to unlock cheaper, longer range batteries
General Motors is building a new facility at its Warren, Michigan campus aimed at unlocking breakthrough cell technology that will drive down the cost of batteries while improving their range. The automaker said Tuesday that the initial phase of the Wallace Battery Cell Innovation Center, which will be about 300,000 square feet and located on […]
The Station: Inside the Rivian R1T and its IPO filing
Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Welp, it was an EV heavy week, starting with the Polestar SPAC and ending with the Rivian IPO filing (curses to the late Friday regulatory filing). Oh, and […]
Tesla delivers record-breaking number of vehicles in third quarter
Tesla delivered a record-breaking 241,300 electric vehicles in the third quarter, blowing past expectations as other U.S. automakers experienced a drop in sales as the result of a global chip shortage. The vast majority of Tesla deliveries (some 96%) were its newer Model 3 sedan and Model Y crossover, according to its report released Saturday. […]
Rivian’s IPO filing is now public
Electric vehicle startup Rivian, which started deliveries of its R1T pickup truck in September, released its filing to become a publicly traded company in the United States. The S-1 document filed Friday with the U.S. Securities and Exchange Commission does not include terms for its offering. The filing — one of the most anticipated of […]
Battery chemistry company Sila’s founder Gene Berdichevsky on the science of scaling up
Before Gene Berdichevsky became the co-founder and CEO of battery chemistry company Sila Nano, he was the seventh employee at Tesla Motors. As principal engineer on the Roadster battery, Berdichevsky was one of the first people crazy enough to experiment with shoving a lithium-ion battery pack into a combustion engine vehicle. The result? The Roadster […]
Foxconn will build EVs for Lordstown Motors and Fisker at Ohio plant
Foxconn will build electric vehicles for Lordstown Motors as well as its other partner Fisker Inc. at a former GM factory in Ohio, under an agreement announced Thursday. Lordstown Motors, the beleaguered electric vehicle company that became publicly traded via a merger with a special purpose acquisition company, said Thursday it reached a nonbinding agreement […]
First drive of the Lucid Air reveals power and panache
While cruising along Interstate 8 in the Lucid Air, it didn’t take long for the conversation to turn to spider graphs. Spider graphs offer a quick glimpse of how various factors like power, performance, weight and aerodynamics interact with one another. For the engineer sitting in the passenger seat, spider graphs are top of mind. […]