Elon Musk delves into Tesla’s China Gigafactory funding and development plans - During Tesla’s Q2 2018 earnings call on Wednesday, CEO Elon Musk and Tesla’s executive team revealed details about the company’s plans for Gigafactory 3 in China. The overseas facility is a strategic move that will allow the California-based company to compete in China’s local electric car market and minimize logistical challenges with shipping abroad. More importantly, having a local presence will allow Tesla t...

Tesla (TSLA) posts Q2 2018 financial results: $4B revenue, profitability in focus - Tesla’s second-quarter earnings for 2018 saw the California-based carmaker beat Wall Street revenue estimates after posting $4B billion in revenue and missed earnings estimates with a non-GAAP loss of $520 million. The results, which were posted in an update letter to investors after the closing bell on Wednesday, August 1st, showed second-quarter earnings of -$3.06 per share, slightly worse analyst estimate...

Tesla Q2 earnings call Live Feed: Model 3 progress, cashflow, Q3/Q4 profit - Tesla CEO Elon Musk is set to take the stage on Wednesday afternoon at 2:30 pm PDT (5:30 pm EDT) to talk about the company’s Q2 financial results. Following a relatively positive quarter, based on after-hours stock activity, with the Silicon Valley-based electric car maker and energy company posting record revenues and wider adjusted losses, investors will attempt to glean insight on company progress toward profita...

SpaceX’s newest Falcon 9 booster arrives in FL as rocket fleet activity rapidly grows - SpaceX’s fifth Falcon 9 Block 5 first stage was spotted a few dozen miles away from arriving at Cape Canaveral at the same time as a freshly launched and landed Block 5 booster was being transported from its drone ship at Port Canaveral to Kennedy Space Center. The now flight-proven booster in question – B1047 – completed a successful launch of the massive 7100 kg Telstar 19V satellite on July 22nd (EDT)...

Tesla’s battery business expected to contribute to Panasonic’s profit starting October - Tesla’s exclusive battery supplier and partner Panasonic Corp announced on Tuesday that its first-quarter net profit saw an increase of 17.6% due to growth in its automotive-related business. Panasonic saw its net profits from April to June rise 17.6% to 57.4 billion yen ($515 million), up 15% from last year’s 48.8 billion yen ($440 million). The Japanese battery maker and tech company credits the emerg...

Tesla offers Model 3 Performance buyers free unlimited Supercharging in latest referral program update - Tesla has updated the details for its latest Referral Program to include Model 3 Performance as a vehicle that’s eligible for incentives when purchased through a referral code. In addition, Tesla has extended free unlimited Supercharging to Model S and Model X purchases made between August 1 and September 16, which also includes Model 3 Performance.  With a new Referral Program in place,...

SpaceX is searching for BFR landing sites for early 2020s Mars missions - SpaceX Principal Mars Development Engineer Paul Wooster gave a surprise talk at a June 2018 meeting of the Mars Exploration Program Analysis Group, where he provided a brief overview of SpaceX’s plans for the Red Planet, ranging from prospective landing sites for the company’s first missions there to the possibility of including significant secondary payloads on BFR and Falcon Heavy launches. Wooster reiterated that S...

Porsche reveals Taycan specs: 310-mile range, ultra-fast charge 800V battery - Porsche dubs the Taycan, formerly known as the Mission E sedan, as one of its most important vehicles since the iconic Porsche 911. The upcoming all-electric, high-performance luxury sedan is expected to compete with some of the electric vehicle market’s most formidable mainstays, such as the Tesla Model S. With a drive unit developed from Porsche’s racing pedigree and battery tech that enables ultra-high-speed c...

Tesla Model 3 Performance 0-60 mph put to the test in latest acceleration run - Tesla Model 3 Dual Motor Performance is marketed as an electric car that is quick, nimble, and capable of dominating track legends such as the BMW M3 and Porsche Boxster. With a 0-60 mph time of 3.5 seconds and a top speed of 155 mph, the Model 3 Performance packs some serious speed, thanks to its dual electric motors that feature a combined 450 hp and 471 lb-ft of torque.  Tesla owner-enthusiast DÆrik of YouTub...

Tesla Solar Roof owner discusses installation price, maintenance, and savings - One of Tesla’s first residential Solar Roof customers has provided more details about his recently-installed solar and battery system. In a follow-up interview with E for Electric‘s Alex Guberman, Tri Huynh, the owner of the Solar Roof-equipped home, discussed the costs associated with the installation, how much power his solar shingles gather on average, the system’s maintenance, and savings that he has seen so...