(Reuters) – Tesla’s upcoming quarterly report could put another $3 billion in Chief Executive Elon Musk’s pocket.
The electric car maker on Tuesday saw the six-month average of its stock market value hit $250 billion, a milestone toward triggering the fourth of 12 tranches of options to buy Tesla stock at a discount, granted to the billionaire in his 2018 pay package.
Musk’s compensation is exclusively made up of a series of potential stock options rewards based on market capitalization and operational goals. To secure Musk’s fourth tranche, Tesla still must hit a goal related to revenue or profitability, and that could happen in the company’s third-quarter report, the date of
The world is electrifying at a rapid pace and the mining industry seems to be becoming a quiet but key player in the electrification process. Tesla’s TSLA recent ‘Battery Day’ announcements only highlight the incredible challenges facing the electricity storage market, and raise significant questions about how the market will evolve.
We know that demand for energy storage is surging to meet increasing demand for renewable energy and electrified transport. According to Maria Xylia at Sweco Sweden, only 3% of global capacity can be currently stored and energy demand itself is expected to increase over 50% to 2050. Storage is a fundamental necessity for the integration of renewables into a smoothly running and efficient energy system, and it needs to be cost-effective, high performance and safe.
As Dr. Young-hye Na, Manager, Materials Innovations for Next-Gen Batteries, IBM Research says, “Enabling better battery energy
In recent months, Tesla skeptics have argued that the company’s growth had stalled. After delivering a record-breaking 83,500 vehicles in the third quarter of 2018, the company’s deliveries grew only modestly in the next few quarters: 97,000 in the third quarter of 2019, for example, and 90,650 in the second quarter of 2020.
This story originally appeared on Ars Technica, a trusted source for technology news, tech policy analysis, reviews, and more. Ars is owned by WIRED’s parent company, Condé Nast.
But Tesla’s Q3 2020 numbers, released Friday morning, put those concerns to rest. Tesla says it shipped 139,300 vehicles in the third quarter of 2020. That’s up 53 percent from last quarter and up 45 percent from a year earlier. It’s also up 24 percent from Tesla’s previous best quarter—the fourth quarter of 2019.
The number slightly exceeded the consensus forecast of Wall Street analysts, but Tesla’s
First and foremost, it was a miss. That’s why TSLA shares are trading lower today. The Internet was full yesterday of buffoons screaming about a deliveries number “in the 140s” and Tesla’s report of 139,300 units delivered in the third quarter falls short of that estimate. The “whisper” estimate for Tesla’s 3Q2020 deliveries was higher—north of 145,000 units—but I won’t dishonor my beloved profession of equity analysis by naming the buffoons who pumped TSLA shares yesterday.
Tesla’s (NASDAQ: TSLA) network of Superchargers enables Tesla drivers to recharge their cars in as little as an hour, reducing range anxiety and improving the experience of owning a Tesla. Below, we take a look at how Tesla’s supercharger network is expanding and compare its growth with the company’s cumulative deliveries and rival charging networks.
View our dashboard analysis on A Closer Look At Tesla’s Charging Infrastructure
Tesla’s Supercharger Network Is Growing, But Not Quickly Enough
Tesla’s Supercharger network has grown from around 1,200 stations in Q1’18 to over 2035 stations as of Q2’20. The number of Supercharger connectors, which indicate the number of vehicles that can be charged simultaneously, has
Factory shutdown aside, 2020 has been kind to Tesla. The good news machine keeps on humming as the automaker said on Friday it delivered 139,300 vehicles in the third quarter of this year.
The figure beats estimates that ranged from 120,000 to 134,000 vehicles delivered, and it will surely help calm any fears Tesla’s reach only goes so far. Tesla’s official numbers are broken down into two categories: the Model S and Model X and the Model 3 and Model Y. The latter duo was the company’s best-seller, with Tesla delivering 124,100 Model 3 and Model Y vehicles last quarter. As for the Model S and Model X, the automaker delivered 15,200.
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In terms of outright production, Tesla said it built 16,992 Model S and Model X
Tesla’s battery day has come and gone, leaving many experts scratching their heads over what they saw. Instead of the anticipated “million mile” battery we got a series of plans: a plan to manufacture Tesla’s own battery; a plan to process the raw materials; even a plan to mine its own lithium.
And while some of those plans sounded genuinely impressive, some experts were left with the impression that Tesla was headed into uncharted waters without a clear sense of direction.
“I came out of it with a confused message about what they’re doing with the [battery] supply chain,” said Vivas Kumar, Tesla’s former battery supply chain manager and currently a principal at Benchmark Mineral Intelligence, during a post-battery day webinar.
The Verge reached out to a battery researcher, an automotive expert,
Tesla’s new 4680 battery cell is an “A-plus” design according to Shirley Meng, a scientist from the University of California San Diego.
But she added that Tesla can’t achieve is ambitious goals by itself — to get to ten terawatts of worldwide capacity, other players will be required.
“The world needs so many batteries,” she said.
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Tesla’s Battery Day this week brought big news to the metallurgy and chemical-engineering worlds: the company had developed a new cylindrical battery cell, dubbed the “4680,” that’s much larger than the 2170 cells it’s currently using.
While the 4680 cells remain at the prototyping stage and shouldn’t enter mass production until 2022, CEO Elon Musk and his engineers are confident enough in the new form factor to start rethinking the design of Tesla’s cars, with the 4680 cells becoming a structural feature.
The global coronavirus pandemic has changed much of our way of life in 2020, and that includes tech events. We’ve seen Apple and Samsung take their product launches online, along with the entire IFA tech conference. What used to be live, potentially unpredictable events have given way to glossy prerecorded infomercials with almost no chance of disaster. What’s the fun in that?
To fill that gap, I’ve collected footage from some of the best tech demo fails throughout history. From Microsoft’s blue screen of death to Michael Bay walking out on a Samsung conference, I’ll be going through my timeline to look at some of these truly awkward moments in tech.
With no real sign of the COVID-19 crisis abating, Silicon Valley may prefer the greater control that comes with a prerecorded event, but all this comes at a cost: Tech companies can take themselves too seriously at times