Thursday, July 29

Electric Vehicles

autonomous driving, batteries, clean energy, Electric Vehicles, Elon Musk, FSD, Manufacturing, Markets, MI Exclusive, Q2 earnings, Tesla

Elon Musk knocked Apple, bemoaned the microchip shortage, and touted self-driving cars on Tesla’s Q2 earnings call. Here are the 12 best quotes.

Elon Musk. Michele Tantussi/Reuters Elon Musk discussed microchips, manufacturing, and self-driving cars on Tesla's Q2 earnings call. The Tesla CEO slammed Apple and encouraged more people to work in manufacturing. Musk doesn't plan to feature on every Tesla earnings call in the future. See more stories on Insider's business page. Elon Musk trumpeted the rich potential of self-driving cars, bemoaned the microchip shortage, and underscored the challenges of manufacturing at scale during Tesla's second-quarter earnings call this week.The Tesla CEO also criticized Apple, urged people to pursue careers in manufacturing, and suggested he might skip future earnings calls.Here are Musk's 12 best quotes from the earnings call, lightly edited and condensed for clarity:1. "The chip supply ...
Auto Industry, Electric Trucks, Electric Vehicles, Tech Insider, Tesla, Tesla Semi, Transportation

The Tesla Semi is delayed again

Tesla has delayed the launch of its Semi tractor-trailer again. Tesla said Monday the electric big rig will launch in 2022, three years later than first planned. The Tesla Semi will start at $150,000 for one with a 300-mile range, Tesla says. LoadingSomething is loading. Any company looking to start hauling things cross-country using a Tesla ...
Auto Industry, Electric Cars, Electric Vehicles, Elon Musk, Tech, Tech Insider, Tesla, Transportation

Tesla shrugs off the global chip shortage to post its most profitable quarter yet

Tesla reported its earnings for the second quarter of 2021 on Monday afternoon. The electric-car maker crushed Wall Street's expectations for revenue and profit. The company largely escaped the worst effects of a global semiconductor shortage straining the industry. See more stories on Insider's business page. LoadingSomething is loading. Tesla...
Auto Industry, Electric Cars, Electric Vehicles, Lucid Motors, Rivian, Tech Insider, Tesla, Transportation

2 of Tesla’s most promising rivals keep getting delayed

Lots of startups are aiming to take on Tesla in the ever-growing electric-vehicle space. Rivian and Lucid Motors are two of the most promising contenders. Both have delayed their debut vehicles due to the pandemic but plan to start deliveries in 2021. LoadingSomething is loading. Tesla has reigned supreme as the lord of electric vehicles for...
Auto Industry, autopilot, Electric Cars, Electric Vehicles, full self-driving computer, Tech, Tech Insider, Tesla, Transportation

Tesla wants owners to pay $1,500 for hardware they thought they already had

Tesla launched a subscription option for its Full Self-Driving driver-assistance feature. Tesla said in 2016 that all cars moving forward would have the hardware for Full Self-Driving. But some owners are being asked to pay $1,500 to upgrade their cars' computers. LoadingSomething is loading. ...
China, Electric Cars, Electric Vehicles, Elon Musk, Tech Insider, Tesla, Tesla China, Transportation, Xpeng

Tesla challenger Xpeng’s new P5 sedan will start at $24,670, more than a third less than the basic Model 3

Xpeng just revealed the pricing for its P5 electric sedan, which starts at $24,670. Tesla's Model 3 sedan starts at $38,700 in China. China is the world's largest car market and accounted for a fifth of Telsa's revenues last year. LoadingSomething is loading. One...
Berkshire Hathaway, BYD stock, Charlie Munger, Electric Vehicles, Himalaya Capital Management, Li Lu, Markets, MI Exclusive, Warren Buffett

The investor responsible for Warren Buffett’s 25x gain on BYD just sold $320 million of the electric-vehicle maker’s stock

Warren Buffett. Paul Morigi/Getty Images for Fortune/Time Inc Li Lu's Himalaya fund sold 15% of its BYD stake in two days, netting about $320 million. Li encouraged Warren Buffett and Charlie Munger to invest in the Chinese automaker in 2008. BYD's stock price is down about 5% this year after soaring 400% in 2020. See more stories on Insider's business page. Li Lu introduced Warren Buffett and Charlie Munger to BYD, one of the pair's best investments over the past decade. The fund manager seems less bullish on the Chinese electric-vehicle maker today, given he recently cashed out more than $300 million of its stock in the space of two days.Li's Himalaya Capital Management sold 7.1 million shares for around $29 each on July 8, and disposed of another 3.6 million shares at a simila...
Auto Industry, Electric Cars, Electric Vehicles, Gigafactory Berlin, Tech Insider, Tesla, Tesla Berlin, Transportation

Tesla’s first European plant was supposed to open on July 1, but permit delays, lizards, and other problems have postponed it indefinitely

Tesla's new factory outside of Berlin, Germany, was supposed to open on July 1. Permitting issues and environmental activists have delayed the plant's opening. Tesla plans to churn out 500,000 cars at the plant, which is critical to its European strategy. See more stories on Insider's business page. "Deutschland rocks," Elon Musk told reporters During a September 2020 visit to the construction site of Tesla's first European car plant. Nearly a year later, Gigafactory Berlin's planned July 1 opening date has come and gone, and there's no word yet on when it will open. Since beginning work on the sprawling plant in early 2020, Tesl...
Auto Industry, Electric Cars, Electric Vehicles, Tech Insider, Tesla, Transportation

Tesla is still the king of EVs — but rivals will catch up fast, Wall Street analysts say

Tesla is by far the world's favorite EV brand, according to a new survey from UBS. A quarter of those surveyed said a Tesla would be their top pick for an electric car. But there's reason to think that other companies will start closing the gap soon. See more stories on Insider's business page. Tesla has been the dominant player in electric vehicles — and the most trusted brand in the space — for years. But rivals will start closing in soon, a new report from UBS published Tuesday suggests.Elon Musk's automaker is by far the favorite among buyers who would consider buying an EV, according to the bank's survey of 11,380 people in...