GM and Fiat Chrysler admit that they’re buying regulatory credits from Tesla

By Simon Alvarez Posted on June 3, 2019 Being an automaker that exclusively produces all-electric vehicles, Tesla has been gaining significant revenue over the years by selling federal greenhouse gas credits to fellow carmakers, which are needed by the car companies to offset the sales of internal combustion vehicles in the US market. Filings earlier …

Tesla’s China website gets overwhelmed due to Giga 3-made Model 3 pre-orders

By Simon Alvarez Posted on May 31, 2019 Earlier today, Tesla China revealed the price of the Model 3 Standard Range Plus variant that will be produced in Gigafactory 3. Starting at RMB 328,000 (~$47,400), the locally-made vehicle is RMB 49,000 (~$7,000) cheaper than the US-made Model 3 SR+’s price, which was listed at RMB …

Read Elon Musk’s email to Tesla employees about accelerating Q2 deliveries

By Simon Alvarez Posted on May 29, 2019 A recently leaked email from Tesla CEO Elon Musk has revealed that the electric car maker is seeing strong demand for its vehicles, though it would have to catch up to deliveries if it were to be definitively successful this quarter. Musk further noted that he would …