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In mid-2019, under CEO Elon Musk’s leadership, Tesla adapted its corporate mission so as “to accelerate the world’s transition to sustainable energy.” This revision indicates a slight but important transition in Tesla’s business model — yes, it would continue to focus on all-electric vehicle manufacturing, but now it would also fully embrace market opportunities for
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Tesla (TSLA) has officially reached a public market valuation of $1 trillion after adding over $100 billion to its market capitalization today alone. As we reported earlier today, Tesla is seeing a series of good catalysts: It sent its stock skyrocketing to new levels. At the time of writing, Tesla’s stock was trading at a
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Elon Musk has confirmed that Tesla didn’t give Hertz a discount on its order of 100,000 electric cars. The CEO also questions Tesla’s incredible stock price surge following the news. As we reported yesterday, rental car company Hertz announced that it placed an order of 100,000 Model 3 electric vehicles with Tesla. The order is
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Tesla has released a new software update launching the promised remote sentry mode live view from its mobile app. It’s being introduced as a new premium connectivity feature, which requires a $10 per month subscription. Since launching Sentry Mode, an integrated surveillance system inside Tesla’s vehicles using the Autopilot cameras around the car, Tesla has
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Solid-state battery pack design for electric vehicle (EV) concept illustration, 3D rendering new … [+] research and development batteries with solid electrolyte energy storage for future car industry getty Solid-state battery technology should be the knight in shining armor for the electric car revolution, as it steps in to slash the cost of batteries and
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While electric vehicles like Tesla have continued to grow in sales exponentially in recent years, they remain a relatively new concept for many consumers. A majority of consumers purchasing EVs have never previously owned one, and may not as informed on the charging and battery maintenance practices associated with EV ownership. Your battery pack’s health
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Toyota has unveiled a steering wheel similar to Tesla’s “yoke” steering wheel in its first electric SUV, but the automaker has introduced an important feature that fixes the main problem of the Tesla yoke. When Tesla unveiled the new Model S with the “yoke” butterfly steering wheel, it was controversial. Some were worried about the
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Tesla is launching a pilot program for non-Tesla electric vehicles to use its Supercharger network for the first time. The pilot program is based at 10 Supercharger locations in the Netherlands. Over the last few months, Tesla has indicated that it plans to open the Supercharger network, its extensive global network of fast-charging stations, to
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