Tesla will only use iron-based batteries for standard model EVs

Tesla said Wednesday it will use iron-based batteries for its standard Model 3 and Model Y models across global markets. The update, provided in the company’s third-quarter earnings report, confirmed hints that Tesla CEO Elon Musk has been dropping for months about the cheaper battery chemistry’s growing role in the company’s product line-up. Lithium-iron-phosphate (LFP) […]

Tesla charges forward with a record quarterly profit of $1.6 billion

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. […]

Buttigieg defends safety agency appointment after Musk claims ‘bias’

Elon Musk voiced concerns on Twitter over the recent appointment of Missy Cummings to a key advisory role at the country’s top traffic authority, but U.S. Transportation Secretary Pete Buttigieg suggested the Tesla CEO speak to him directly about any concerns instead. “He’s welcome to call me if he’s concerned,” Buttigieg told reporters at an […]

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 […]

The mystery of Elon Musk’s missing gas

An environmental document that needs U.S. Federal Aviation Administration approval before SpaceX can begin testing the world’s largest rockets is missing key details about where its fuel will come from, experts say. The draft programmatic environmental assessment (PEA) for SpaceX’s Starship and Super Heavy launch vehicles, which Elon Musk hopes will soon be shooting into […]