The week brought together both this quarter’s earnings cycle and the Q3 IPO rush. So, it was just a little busy!
Drivers for Elon Musk’s Loop get a script about their ‘great leader’
Ask ‘Do you like working for him?’ and you’ll get a response that could have come straight from North Korea: ‘Yup, he’s a great leader! He motivates us to do great work.’
What Tesla’s bet on iron-based batteries means for manufacturers
Elon Musk mused that Tesla’s batteries may eventually be two-thirds iron-based and one-third nickel-based across its products. ‘And this is actually good because there’s plenty of iron in the world.’
Redwood Materials raises $700M to expand its battery recycling operation
The company’s post-funding valuation is $3.7 billion, according to a source familiar with the investment round.
Tesla delays Semi truck to 2022; Cybertruck back-burnered for Model Y
Tesla CEO Elon Musk has warned about battery supply constraints before and the effect it might have on the Tesla Semi. That warning was apparently warranted.
Tesla’s quarterly profit surpasses $1 billion
Tesla reported Monday an eye-popping $1.14 billion in net income in the second quarter, results that blew past analyst expectations and marked the first time the company’s quarterly profit (on a GAAP basis) has passed the three-comma threshold. The results pushed shares up more than 2.2% in after-hours trading. Tesla was able to beat expectations […]
Tesla earned a profit of $1.1 billion after delivering 201,250 cars in Q2
A record quarter for deliveries means a record quarter for profitability.
Automakers have battery anxiety, so they’re taking control of the supply
Battery joint ventures have become the hot must-have deal for automakers that have set ambitious targets to deliver millions of electric vehicles in the next few years.