TorqueNews Hot Topics (Page 49)

Tesla supplier IDRA is known for building enormous Giga Presses that are used to build the chassis of Tesla vehicles in one piece. However, today, IDRA has revealed a significantly smaller die-casting machine to be used to build electric motor components in one piece.

In an attempt to increase demand, since the start of the year, Tesla has cut vehicle prices several times. However, today Tesla has increased prices for the same reason. The $250 price increase is not meaningful enough to materially affect the company's gross margins, however, is likely targeted at creating FOMO in people waiting for further price cuts.

Since Elon Musk made the announcement that Tesla is targeting the end of Q3 to start Cybertruck deliveries, there has been a palpable uptick in anti-Cybertruck sentiment. And even more bizarrely these negative Cybertruck comments are concentrated on sites where Tesla enthusiasts meet such as Tesla-focused subreddits, comment sections of EV and Tesla-focused YouTube channels, news sites, and Twitter pages.

Last year the Tesla Model Y received a leading score of 98% in Euro NCAP's automatic emergency braking test despite the vehicle not being equipped with radar. And now, Elon Musk has said Tesla has made the last 2% of improvements that will allow the company's vehicles to receive a perfect score.

In an attempt to increase demand, since the start of the year, Tesla has cut vehicle prices several times. This has created concern among Tesla community members who have suggested that the EV should start advertising. However, now a Tesla retail investor has taken this task upon himself and has produced the first Model Y commercial.

According to newly released data, in the first quarter of 2023, the Model Y has become the best-selling vehicle in Europe. And even more impressively, the Model Y was able to beat not only battery-electric vehicles but also internal-combustion vehicles with a significantly lower starting price.

Over the weekend, Joe Rogan revealed that he test-drove a pre-production Cybertrruck at Giga Texas. Rogan was effusive in his praise of the truck stating that he was impressed by the Cybertruck's design, size, and performance. Rogan also predicted the success of the Cybertruck and said Bill Gates was making "a horrible choice" shorting Tesla stock.

Tesla stock has been experiencing wild swings in the last couple of years, with the latest sharp fall coming recently following Q1 2023 earnings results. And now, Elon Musk has advised Tesla investors to focus on the long term by reminding them of the stock's remarkable rise over the years.

ARK Invest has released a new Tesla research. In this new model, ARK says Tesla can reach $2,000 per share by 2027. However, this is ARK's base case scenario, in the firm's bull case, ARK says Tesla can reach more than $2,400 per share or a $7.9 trillion market cap.

Tesla's unique direct-to-consumer sales approach has been a significant contributor to the company's success. And today, in keeping up with its innovative approach, Tesla has opened a new "Giga Store" in China. The new showroom is designed to look like the inside of Tesla's Gigafactories and is a replica of a vehicle production line.

On April 8, a custom license plate was sold at a charity auction in Dubai for a world record-setting $15 million. At the time, the auction winner and what kind of vehicle would get the license plate were not revealed. However, today, a blacked-out Tesla Model X Plaid has been spotted driving in Dubai with the $15 million number 7 license plate.

Over the weekend Elon Musk officially monetized his Twitter account and has become a creator. As a creator on Twitter, Musk is charging $4.20 a month to subscribe to his Twitter page. For subscribers, Musk has promised to do an Ask-Me-Anything occasionally and that he will hold a subscriber-only Twitter Spaces.

In keeping with Tesla's status as the leader in the EV fast charging world, today, the EV maker has unveiled a brand new movable supercharger station at Coachella. Tesla's mobile Supercharger stations, built on semi-trailers, are self-contained units that include inverters, solar panels, lights, and a Tesla Megapack to power the vehicles.

The Tesla Cbyertruck has recently been spotted undergoing wind tunnel testing at Giga Texas. Video footage of the Cybertruck's test shows the vehicle's single-blade giant windshield wiper "Giga Wiper," in action. We also get our first confirmation that the Cybertruck's frunk will open together with the front grille similar to the Ford F-150 Lightning.

For months now there have been speculations that Tesla is working on a refresh to the Model 3 and has codenamed the project "Highland." And today, thanks to leaked pictures, we see our first image of the refreshed Model 3 with a more angular and larger front facia and headlight that resembles that of the 2nd generation Tesla Roadster.

According to data released by China Passenger Car Association (CPCA), in the month of March, the Model Y has become the highest-produced vehicle in the whole of China. And even more impressively, the Model Y was able to beat not only battery-electric vehicles but also internal-combustion vehicles with a significantly lower starting price.

In a new Twitter Spaces interview with the BBC, Elon Musk admitted that his Twitter acquisition was behind Tesla's more than 60% decline in 2022. Musk said, "Tesla stock sales caused the stock to plummet, which is not good." Musk also added that Twitter is in a healthy financial state and ruled out the chance of further Tesla stock sales.

Tesla CEO, Elon Musk, and 2024 Republican Presidential candidate, Vivek Ramaswamy recently engaged in a Twitter back-and-forth about Tesla’s continued expansion in China and its implication for the US automotive market and national security.

Following the success of the Lathrop, Califonia Megafactory, Tesla at the recently held Investor Day said the plant will be replicated all around the world. And today, Tesla has officially signed a deal to build a new 40GWh Megafactory in China.

Popular YouTuber Zack from JerryRigEverything has released a new teardown video of Tesla's latest wireless charger. In his video, Zack showcases all the technologies that allowed Tesla's wireless charger to achieve a feat that Apple had called impossible and given up on.

For some time now, we have known that Tesla is working on a smaller compact vehicle. However, today as part of the white paper release for Master Plan Part 3, Tesla has revealed it's also working on 3 new vehicles. These include a commercial/passenger van, a bus, and a short-range heavy truck (Semi Light).

Tesla's biggest advantage in the race to level 5 autonomy is the hundreds of thousands of Tesla vehicles out on the road collecting real-world data. However, now Elon Musk says Tesla's autopilot has gotten so good that the EV maker has to rely on simulation to train its AI on serious accidents. Musk also added that this is the case despite FSD Beta driving 1 million miles per day.

Tesla China has just posted a record delivery number for the month of March producing and selling 88,869 vehicles. This number is even more impressive when we take into account that Tesla has been dealing with numerous challenges in China.

After adding a third shift at Giga Berlin and reaching a production rate of 5000 vehicles a week, Tesla is now reportedly looking to add a fourth shift. With the addition of the new shift, Tesla plans to grow vehicle production at the plant to 10,000 vehicles a week or 500,000 vehicles a year.

Tesla officially inaugurated Giga Texas less than a year ago. However, today, the EV maker has announced that the plant has reached a Model Y production rate of 4000 vehicles a week. This gives Giga Texas an annualized production rate of 200,000 vehicles per year.

Tesla has posted its Q1 2023 production and delivery numbers and despite the massive price cuts the EV maker instituted at the beginning of the quarter, Tesla has nonetheless posted flat growth. Although disappointing, several factors suggest that Tesla will increase production and deliveries in the coming quarters.

Tesla CEO, Elon Musk, today took to Twitter to share his excitement about the upcoming production of the Cybertruck at the company's Gigafactory in Texas. In a tweet, Musk wrote, "Walked whole Cybertruck production line at Giga Texas for several hours earlier today – gonna be awesome!" He added that it "feels like the future."

According to data released by JATO, in the month of February, the Model Y has become the best-selling vehicle in Europe. And even more impressively, the Model Y was able to beat not only battery-electric vehicles but also internal-combustion vehicles with a significantly lower starting price.

Following the success of the Lathrop, Califonia Megafactory, Tesla at the recently held Investor Day said the plant will be replicated all around the world. And today, a new job opening by Tesla China has all but confirmed that the EV maker is planning to build a new Megapack factory in China.

Tesla is in the process of massively expanding vehicle production. And of these expansion projects, the latest one is Tesla's new factory in Mexico. Giga Mexico is expected to produce vehicles built on Tesla's next-generation, much more efficient, Gen-3 platform. And today, Elon Musk has confirmed that Giga Mexico will use less water per vehicle than any other car factory in the world.