To accelerate domestic battery output and establish a reliable supply chain, Japan is awarding nearly 120 billion yen ($847 million) to fuel Toyota’s newly revealed EV battery tech strategy. Japan gives $850M to support Toyota’s EV battery output Japan’s Ministry of Economy, Trade, and Industry is designating storage batteries, such as those used in EVs,
Entertainment
Tesla has issued a new voluntary recall on the Tesla Semi, in the form of a software update to ensure that the side door warning system works properly. The recall itself isn’t a big deal – it’s just a software update to change how a warning shows on screen – but what it does tell us
Analysts are trying to estimate the value of Tesla’s Supercharger network as the NACS connector becomes the North American standard and could widen Tesla’s charging lead. One of the top Tesla analysts believes it could be worth more than $100 billion. The Supercharger network is the only global EV fast-charging network, and in North America,
Tesla has confirmed that it has now installed over 500,000 Powerwalls worldwide, and it is growing fast. While there are now quite a few home battery back solutions, Tesla owns a large part of the mindshares with Powerwalls. It virtually launched the Li-ion home battery market when introducing the product in 2015. But Powerwall didn’t
Tesla has confirmed that it will soon launch virtual power plants using Powerwalls in Texas and Puerto Rico. The company even confirmed it already has some significant power capacity in Puerto Rico. Virtual power plants are becoming one of Tesla’s most underappreciated products. Tesla is using its existing and growing fleet of Powerwalls to aggregate
Elon Musk is set to meet with President Macron for the second time in a month amid rumors of Tesla potentially building a factory in France. Less than a month ago, Musk flew to Paris to meet with President Emanuel Macron, and following the meeting, the Tesla CEO said that the automaker is looking at
Tesla has hiked up the price of its home charging station, the Tesla Wall Connector, just as it is about to become more popular. However, despite the price hike, it is still one of the cheapest stations for the specs. After Tesla announced last year that it is opening its EV charge connector with the aim
This week, we got a special invitation to Carlsbad, California, to peek behind the curtain of Mercedes-Benz’s International Design Center (IDC). It was here that the automaker’s creative team shared details of its fifth design strategy, which includes NFTs, augmented reality, and some exciting new motor technology. The true star of the show, however, was
As Volkswagen Group refocuses its business strategy to further prioritize profitability and cashflow, it is announcing a new optimization program pertaining to its Passenger Cars namesake specifically. The “Accelerate forward | Road to 6.5” program will leverage synergy across the VW Passenger Car brands in order to more than double profits to 6.5%. Ahead of
Longtime Toyota leader and grandson to the company’s founder, Akio Toyoda, revealed Thursday the company is working on its first electric GR sports car. After the company fell behind early as the industry began adopting fully electric vehicles, Toyoda stepped down as CEO in January. One of the most well-known critics of going all in
Tesla has started to offer 3 months of free Superchargers on new inventory Model 3 vehicles delivered by June 30th in the US and Canada. The move appears to be an extra incentive to sell inventory Model 3 vehicles before an expected refresh. Late last year, we started hearing rumors that Tesla was working on a
President Joe Biden has vetoed an effort by Congressional Republicans to roll back the first update to heavy truck pollution standards in 22 years. The new soot standards targeted by Republicans are estimated to save thousands of lives and tens of billions of dollars. We expected this veto when we originally reported on Senate Republicans
Indiana Jones And The Dial Of Destiny premiere was full of surprises. Harrison Ford, 80, arrived at the Los Angeles premiere on Wednesday night on the red carpet with wife Calista Flockhart. The film’s cast and crew also joined the star as they marked the fifth and final film of the franchise created by director
Ford filed a patent last week for a roof-mounted backup EV battery system designed to give you the extra juice while off the grid. The idea is likely a pipe dream, but it shows you how automakers are getting creative in the electric era. Ford patents roof-mounted backup EV battery Having a removable backup battery
Tesla Cybertruck prototype was spotted going through a drive-through in California. For the first time, it was equipped with camouflage. It is smack in the middle of the image above if you have issues seeing it because of the camouflage. Automakers often camouflage their vehicles ahead of them entering production. Historically, Tesla hasn’t been much
Elon Musk gave an update on Tesla’s plan to bring Tesla Semi to volume production. It looks like it won’t happen for another year. Tesla unveiled the production version of its Tesla Semi class 8 electric truck and delivered the first units to customers in December 2022. It came after years of delays in the program.
Tesla has slightly increased the price of its cheapest Model Y by $250. The delivery timeline has also been pushed – showing that Tesla is seeing strong demand for the vehicle. After consistently decreasing the price of its electric vehicles throughout the first half of the year, Tesla seems to have slowed down its price
The legendary Lotus Elise is going electric. Well, sort of. The designer behind the original Lotus Elise S1, Julian Thomson, teamed up with Nyobolt and CALLUM to create a Lotus Elise-inspired lightweight electric sports car with ultra-rapid charging (100% in under six minutes). Nyobolt reveals Lotus Elise-inspired sporty EV Based in Cambridge, England, Nyobolt is
At a recently held technical briefing, Toyota revealed plans for several new technologies, including next-gen EV batteries, aerodynamic drag reduction, and manufacturing upgrades to help transform the company in the electric era. After discovering a breakthrough, Toyota says it aims to offer solid-state state EV batteries that could potentially offer over 900 miles driving range.
Tesla’s stock (TSLA) is up more than 50% over the last month in one of the company’s best runs in value ever. Here’s an idea of why Tesla’s stock is gaining momentum. Macroeconomics has a big impact on large stocks, like Tesla, and improvements on that front have helped the automaker, but the NASDAQ is