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Carmageddon For Tesla

Authored by Wolf Richter via WolfStreet.com, This is where Hype Goes to Die… Yesterday was the monthly moment of truth for automakers in the US. They reported the number of new vehicles that their dealers delivered to their customers and that the automakers delivered directly to large fleet customers. These are unit sales, not dollar […]


Germany Ends Tesla Model S Subsidies In Massive Blow To Company’s Government Funded Business Plan

Apparently German government officials have finally woken up to the realization that it’s utterly ridiculous to use tax revenue generated primarily from middle and low-income households to fund subsidy payments to rich people buying $100,000 luxury sports cars.  As Business Standard notes this morning, the German Federal Office for Economic Affairs and Export Controls announced […]


Tesla Unveils Its “Mind-Blowing” Semi And New Roadster, The “Fastest Production Car Ever Made”

Update 2: there were some rumors of a surprise during tonight's presentation, and Musk did not disappoint when just as the semi-introduction was ending, Tesla also unveiled a new Roadster, the new version of its original sports car. According to Musk, It’s the fastest production car ever made, with speeds of just 1.9 seconds for […]


Tesla’s Having The Worst Day Ever As GOP Tax Plan Calls For Axing Electric Car Credit

Tesla may be officially having the worst day ever.  One day after announcing its worst quarter in history, in which it burned a record $1.4 billion in cash (which is about $15.5 million every single day, btw)… …a couple of GOP Representatives had to come along and propose a tax bill that would eliminate a […]


Angry Tesla Owner Shares 25 Minute Video Detailing Just One Year Of Model S Service Issues

Tesla owner Tyler Martin was ecstatic in December 2016 when he went to pick up his brand new Model S.  But the excitement quickly faded when he noticed several problems, including paint damage and trim alignment issues, during his new customer walk through.  Unfortunately, the issues didn’t stop there as a whole host of other […]


Tesla Cuts Model 3 Orders From Core Supplier By 40%

Just days after the Shanghai government was stunned to read in the WSJ that it had granted Tesla permission to open a new gigafactory in its free-trade zone (turns out the two are only in the negotiations stage), according to Taiwanese media reports one of Tesla’s largest suppliers in the country has been instructed to […]


Tesla Model S Burns Down After Accident In Austria

In the latest conflagration involving a Tesla car unexpectedly bursting into flames, a Model S burned to a crisp after an accident on an Austrian highway on Tuesday afternoon. According to the Tiroler Tageszeitung, a Tesla Model S had an accident on the Arlberg Expressway (S16) in Pians. The 19-year-old driver from Innsbruck was traveling […]


Tesla Recalls 11,000 Model X SUVs Because “Rear Seat May Not Lock Into Place”

While Tesla may or may not be partially assembling its Model 3 by hand, resulting in massive production delays, a problem has emerged involving its fully automated SUV, the Model X, and as the AP reports, Tesla is recalling 11,000 Model X SUVs worldwide because their rear seats might not lock into place. According to […]


Visualizing The Massive Impact Of EVs On Commodities

What would happen if you flipped a switch, and suddenly every new car that came off assembly lines was electric? It’s obviously a thought experiment, since right now EVs have close to just 1% market share worldwide. We’re still years away from EVs even hitting double-digit demand on a global basis, and the entire supply […]


Tesla’s Head Of Business Development Leaves After 11 Years To “Spend More Time With Family”

If the Titanic sailed today, it would have an electric engine. One month after Tesla’s veteran battery technology direct, Kurt Kelty, left the company to “explore new opportunities“, another veteran employee has unexpectedly departed the carmaker: on Wednesday, Tesla said that long-time executive Diarmuid O‘Connell, vice president of business development, had left after 11 years […]


Elon Musk Magically Extends Battery Life Of Teslas Fleeing Irma

In what is either a generous act of charity or an unnerving example of the control Tesla exercises over the vehicles it producers, or perhaps both, Tesla CEO Elon Musk has magically unlocked the batteries of every Tesla in Florida to maximize the distance that people fleeing from Hurricane Irma can travel before stopping to […]