Elon Musk says Hertz hasn’t actually ordered 100,000 Tesla EVs yet

Steve Dent Contributor Steve Dent is an associate editor at Engadget. More posts by this contributor NVIDIA’s new ‘GeForce Now RTX 3080’ streams games at 1440p and 120 fps Foxconn unveils three new EV prototypes Last week, a press release from Hertz indicated that the rental company had placed an order for 100,000 Tesla Model […]

Tesla will only use iron-based batteries for standard model EVs

Tesla said Wednesday it will use iron-based batteries for its standard Model 3 and Model Y models across global markets. The update, provided in the company’s third-quarter earnings report, confirmed hints that Tesla CEO Elon Musk has been dropping for months about the cheaper battery chemistry’s growing role in the company’s product line-up. Lithium-iron-phosphate (LFP) […]

Tesla charges forward with a record quarterly profit of $1.6 billion

Tesla continued its profitability streak, reporting Wednesday net income of $1.62 billion in the third quarter, a nearly fivefold increase from the $331 million it earned in the same period last year. The record-setting profit came thanks to record sales and despite a global chip shortage and supply chain constraints that has affected the industry. […]

Tesla’s quarterly profit surpasses $1 billion

Tesla reported Monday an eye-popping $1.14 billion in net income in the second quarter, results that blew past analyst expectations and marked the first time the company’s quarterly profit (on a GAAP basis) has passed the three-comma threshold. The results pushed shares up more than 2.2% in after-hours trading. Tesla was able to beat expectations […]