The auto business was the main reason for Tesla’s weaker-than-expected results, as incentives were more aggressive than expected.
Gross margin in the fourth quarter was 16.3 percent, about half of what they were in the first quarter of 2022.
Tesla’s Robotaxi ambitions revealed with Unsupervised FSD launching in Austin this June
Here we go again. Elon Musk, CEO of Tesla, announced during the Q4 2024 earnings call that the company will launch an “unsupervised full self-driving” service in Austin, Texas, this June. This is in line with Musk’s previous claims of launching unsupervised self-driving in California and Texas in the second quarter of 2025. But unlike the previous vague claims, the… Read more…
Stunning Renault Filante EV Concept Was Built To Set Efficiency Records
Despite having an 87-kilowatt-hour battery pack, the whole car weighs just 2,200 pounds. It also looks fantastic. Read more…
Brady sensors offer battery temperature warning
Electric vehicle (EV) lithium battery fires in facilities such as factories, warehouses, parking structures and ships, though rare, are lethal and destructive when they happen, but remote monitoring of battery temperature can provide a timely warning of a developing problem, writes Peter Donaldson. Read more…
Elon Musk: Tesla will launch unsupervised full self-driving in Austin as paid service in June
Elon Musk said today that Tesla will launch “unsupervised full self-driving in Austin as a paid service” in June. Read more…
ZM Trucks announces new electric truck factory in California
Calling itself “America’s newest zero-emission commercial truck brand,” ZM Trucks has announced a new, 210,000 square foot facility in Fontana, California that will also serve as the company’s new global headquarters. Read more…
Elon Musk finally admits that Tesla will have to replace its HW3 self-driving computers
Elon Musk finally admits that Tesla will have to replace its HW3 self-driving computers. He said it would be difficult, but Tesla would do it. Read more…
Tesla FSD will ‘go ballistic’ next year, says guy who said that last year
Tesla will “go ballistic” next year on the back of its autonomy efforts says Tesla CEO Elon Musk, who said the same thing last year about this year – and many years before. Read more…
Skeptical of FSD?
You’ll die without a solar roof says Musk, whose admin made it harder to get solar
Tesla CEO Elon Musk said that “your family’s life might depend on” having solar, despite that he’s part of a US government administration that has already made it harder to get solar, and seems poised to try to make it even harder. Read more…
Musk Ducks Question On Trump Policies, Says EVs Are ‘Inevitable’
Tesla’s CEO, who has called for an end to EV subsidies, declined to weigh on Trump’s plans to reverse the Biden EV “mandate.” Read more…
New DOT Sec/reality TV contestant signs memo to increase US fuel costs by $23B
Sean Duffy, who was just confirmed as Secretary of Transportation on the back of the transportation “expertise” he showed as a contestant on Road Rules: All Stars, a reality TV travel game show, wasted no time in promising to raise your fuel costs by at least $23 billion on his first day. Read more…
Tesla (TSLA) releases Q4 2024 results: big miss on revenue and earnings
Tesla (TSLA) released its financial results and shareholders letter for the fourth quarter (Q4) and full-year 2024 after market close today. Read more…
Tesla guides return to growth thanks to cheaper new models and self-driving
With the release of its financial results today, Tesla is guiding a return to growth in 2025 thanks to new models and self-driving. Read more…
Hyundai’s new $25,000 Inster EV will help double electric car sales in Europe this year
Despite its small size, Hyundai expects big things from its new low-cost electric SUV. Starting at around $25,000, the Inster EV will be Hyundai’s main growth driver, as it plans to double electric car sales in Europe this year. Hyundai will also launch its first three-row electric SUV, the IONIQ 9. Read more…
Tesla Commits To ‘More Affordable Models’ In 2025, Again
The cheaper EV will be built in existing Tesla production facilities and use technologies from its current and next generation of cars. Read more…
Tesla Will Launch Its Robotaxi Service In Austin In June
Tesla’s long-promised full self-driving capability is coming to Austin in June as a paid service, CEO Elon Musk said Wednesday. Read more…
Porsche Taycan sets a Guinness World Record
The Porsche Taycan has now set another Guinness World Record. This time, it’s for the longest continuous vehicle drift on ice by an EV. At the wheel of a Taycan GTS, on an ice track at the Porsche Arctic Center in Levi, Finland, instructor Jens Richter managed to complete 132 laps in controlled oversteer, covering 17.503 km in 46 minutes,… Read more…
SK On unveils breakthroughs in solid-state batteries
South Korean battery and trading company SK On has recently published its latest research on all-solid-state batteries (ASSBs). SK On’s study with Dr. Jin Ho Kim’s group at the Korea Institute of Ceramic Engineering and Technology focuses on the use of ultrafast photonic sintering technology (traditionally used to manufacture printed circuit board) in the manufacturing… Read more…
Piedmont Lithium and Sayona Mining to merge
US mining company Piedmont Lithium and Australian lithium exploration and development company Sayona Mining have announced an all-stock merger. The ownership will be split approximately 50-50. Sayona will be the ultimate parent entity. The merger is intended to create a leading North American hard rock lithium producer, MergeCo, with geographically advantaged spodumene resources of global… Read more…
