Tesla has presented their business figures for the first quarter of 2022. Tesla achieved a surplus of 3.32 billion euros. While the production stop in Shanghai at the end of the quarter prevented better results, it is only likely to show its full effect in Q2.
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Tesla is upgrading the production lines of its Shanghai factory for higher capacity starting in December. The conversion work in the areas of the continuing production of the Model 3 and Model Y is expected to last until April 2022. In addition, the first Model Y Performance were delivered in China.
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Tesla has completed its new research and development centre at the Gigafactory in Shanghai. The facility is the electric carmaker’s first R&D centre outside the US. In parallel, Tesla has raised a data centre in Shanghai and opened a large delivery centre.
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Tesla is planning to expand its Gigafactory Shanghai with recycling facilities for electric car components, according to a media report. This will involve not only batteries, but also electric motors and other important components.
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Tesla announced new record deliveries of 184,800 electric cars during the first quarter of 2021. Q1 of any year but especially this Covid-year is traditionally a slow quarter for car companies which makes it even more remarkable.
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Tesla has officially started deliveries of the Model Y built in China. Meanwhile, preparations for the production of the European Model Y in Giga Berlin continue and it is looking like the plant could become larger than initially thought. There are also increasing indications that the Model S and Model X will soon be refreshed.
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Tesla delivered 499,550 vehicles last year, almost reaching the half a million electric cars targeted before the Corona pandemic. The Californian company managed to goal to produce 500,000 electric cars.
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After Tesla registered its Model Y with the Chinese Ministry of Industry in early November, the Ministry has now granted approval for the sale. Test production of the electric SUV in Gigafactory 3 has apparently already started.
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According to reports in the Chinese media, Tesla’s plans for the Shanghai plant are to produce 550,000 electric cars next year. The number of vehicles earmarked for export has also been revealed.
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Tesla plans to invest 4.5 to 6.0 billion US dollars in 2021 and 2022 respectively to expand its production capacities for electric cars and batteries. This was revealed in a statement to the US Securities and Exchange Commission (SEC).
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Elon Musk has revealed more details about Tesla’s plans for the upcoming factory in Germany, which is to become a testbed for the Fremont and Shanghai factories. Giga Berlin will be using the new 4680 format batteries as well as a completely new cast frame, which is not without risks.
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Tesla is apparently preparing some upgrades for the Model 3 – at least as far as the version produced in China is concerned. Besides a reworked frunk and steering wheel as well as an electric tailgate, there are some indications that the electric sedan will also get a heat pump.
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Reports from China indicate that Tesla has completed the main sections of the expansion of its Shanghai plant. The development, which will facilitate the production of Model Y, is expected to be completed in October or November.
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Shortly after the official confirmation that Tesla will also manufacture battery cells in its Giga Berlin factory currently under construction, it has become apparent which cells will be manufactured at the German location. At the same time, Tesla is expanding in Shanghai and entering the Greek market.
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Tesla has reduced the base price for the Model Y in the USA by 3,000 dollars to just under 50,000 dollars. Besides, Elon Musk announced a further drive variant for the compact electric SUV.
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Glencore is apparently going to supply Tesla’s Gigafactory in Shanghai and the planned plant in Brandenburg with cobalt from the Congo. A recent article in the Financial Times already mentions concrete quantities to be delivered to Tesla.
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Tesla has started production of the long-range version of the Model 3 in Shanghai, China. Deliveries are scheduled to begin shortly. However, the price is slightly higher than previously announced.
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Tesla has secured a further credit line of up to 4 billion yuan (around 521 million euros) from the Industrial and Commercial Bank of China for the expansion of its Gigafactory 3 in Shanghai.
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The new Tesla Roadster won’t hit the markets before 2022. That’s two years later than Elon Musk initially envisioned in 2017. The delay, however, is not due to the virus, officially but Tesla has too many other things on their plate.
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According to a media report, Tesla has commissioned the South Korean company Hanwha to supply equipment for battery formation. This is probably equipment that Tesla is already ordering for its intended cell production.
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Tesla is now officially selling the locally produced Model 3 with a bigger battery pack and rear-wheel drive in China. Also new on the market is the Performance version with AWD with pricing being adapted as sales go.
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How many Model 3 can Tesla build in the Gigafactory 3 near Shanghai? A new report from China provides details of the planned increase in production at the factory as well as new models. In other Tesla news, we take a look at Tesla software updates.
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Tesla’s much-anticipated plans to hand over the first copies of the Model Y to customers on March 15 are apparently running on schedule. Fans have shared photos of Model Ys ready for transport and a peek at the EV’s interior. Tesla is also on schedule in China and Brandenburg as we keep you updated on […]
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The electric vehicle sales of the Chinese manufacturers BYD, BAIC BJEV and Nio declined sharply in January. The main reasons for this were the few business days in January due to the comparatively early New Year holidays and the outbreak of the coronavirus.
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Tesla reportedly wants to set up a pilot production line for its own battery cells at their Fremont factory. In addition, the Californian company recently acquired Hibar – a company specializing in the manufacture of production equipment for battery cells.
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After Tesla recently announced an increase in the Model Y’s maximum range from 280 miles to 315 miles (507 km), the US Environmental Protection Agency (EPA) now confirmed this.
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The Chinese battery cell manufacturer CATL has confirmed that it has signed a supply contract with Tesla. The final purchase volume for battery cells between July 2020 and June 2022 is to be determined at a later date based on actual orders.
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Tesla reports its Q4 2019 earnings and, they are better than Wallstreet expected; in fact, the revenue is at a record high with profits incoming. Plus, the electric carmaker says, Model Y production is underway ahead of schedule with deliveries expected to start “by the end of Q1 2020”.
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As part of the Model 3 delivery launch for regular customers in China, Tesla has now also officially launched the Model Y program. It is not yet clear when the Model Y will be produced in China, but Tesla has already announced prices and is accepting pre-orders.
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Tesla delivered 112,000 electric cars in the 4th quarter of 2019, of which 92,550 were Model 3 and 19,450 were Model S and Model X. The Californians have thus reached the targeted 100,000 deliveries for the first time, and production has now also reached six figures.
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