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Tesla Cybertruck
Daily Infographic: Tesla expected to begin production of Cybertruck in Texas
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Electric vehicle maker Tesla reports first quarterly billion-dollar profit
Tesla Inc. (NASDAQ: TSLA) reported its first quarterly profit exceeding a billion dollars in the second quarter as growing vehicle sales soared past the money-making sale of pollution credits the electric vehicle maker has relied upon to post positive results.
Earnings of $1.45 a share beat estimates of 98 cents. Revenue was $11.96 billion versus analyst estimates of $11.30 billion. Net income was $1.14 billion, 10 times higher than a year ago. Automotive revenue of $10.21 billion included only...
Truck Talk: Electrical storm edition
This week, we chase storm clouds gathering for electric pickup trucks not wearing a Ford blue oval, speculate on who a big customer at Plus might be and review how Daimler Truck is setting the stage for its independence.
Storm clouds for electric pickupsNow that Ford Motor Co.(NYSE: F) has revealed the F150 Lightning electric truck, it is — or should be — panic time for startups eyeing the battery-powered commercial pickup segment.
At the top of the list, with arguably the most to lose, is...
https://www.freightwaves.com/news/truck-talk-electrical-storm-edition
2020 has been wild ride for automaker Tesla
Tesla Inc. received an invitation to join the prestigious S&P 500 index in November.
It was the latest milestone for the electric vehicle maker and CEO/founder Elon Musk, capping a year during which Tesla’s growth and development reached new heights.
For its innovative technology and unique business model, Tesla was recently awarded fourth place in the FreightWaves FreightTech 25 awards for the most innovative and disruptive companies.
In July, Tesla topped Toyota as the world’s most valuable...
https://www.freightwaves.com/news/2020-has-been-wild-ride-for-tesla
Yahoo Finance zings Nikola as worst company of the year
Yahoo Finance users voted Nikola Corp. (NASDAQ: NKLA) as the worst company of the year. And it wasn’t close.
The battery-electric and fuel cell electric truck startup received five times more votes — 15% of 1,582 responses in a poll — than the second place company, which Yahoo Finance did not publicly name.
Only one of five poll respondents said they think Nikola can recover.
The inauspicious achievement joins Nikola with Boeing Aerospace Co. (NYSE: BA), which was chosen worst company of 2019...
News analysis: Evidence mounts that Nikola Badger is roadkill
The much-hyped Nikola Badger electric pickup looks like an endangered species. It is absent from the electric truck startup’s road map of milestones, and a delayed manufacturing deal with General Motors (NYSE: GM) points to its demise before a physical prototype is ever revealed.
The Badger was not in Nikola Corp.’s (NASDAQ: NKLA) business plan a year ago. And it isn’t there now. Founder Trevor Milton used it as a buzz-building tool for the company following the reveal of rival Tesla’s...
https://s29755.pcdn.co/news/news-analysis-evidence-mounts-that-nikola-badger-is-roadkill
Tesla to build newest gigafactory in Texas
Tesla (NASDAQ: TSLA) will build its newest Gigafactory near Austin, Texas, chief executive Elon Musk announced during the company’s earnings call on Wednesday.
The 2,000-acre site will be used to build the electric vehicle company’s Cybertruck, the Tesla Semi, and the Model 3 and Model Y for the eastern half of North America.
“It will be stunning. It’s right by the Colorado River. It will have a boardwalk,” Musk said during the call. “It will be an ecological paradise.”
Confirming previous...
https://s29755.pcdn.co/news/tesla-to-build-newest-gigafactory-in-texas
Tesla gets tax break for proposed $1 billion factory in Austin, Texas
With a key tax break from a local school district, Tesla Inc. (NASDAQ:TSLA) is one step closer to building an electric pickup truck plant in Austin, Texas.
The Del Valle School District just southeast of Austin has approved an incentive package for Tesla that would give the electric vehicle maker $46.4 million in property tax breaks over 10 years if it locates a proposed $1 billion factory on district land.
Tesla is also seeking approval from Travis County commissioners for additional tax...
https://s29755.pcdn.co/news/tesla-gets-tax-break-for-proposed-1-billion-factory-in-austin-texas
Tesla tops Toyota as world’s most valuable transportation company
Tesla Inc. (NASDAQ: TSLA) climbed over Toyota Motor Corp. Corp. (NYSE: TM) as the world’s most valuable transportation company on Wednesday, July 1 as pre-orders for its angular Cybertruck exceeded the past two years’ deliveries of its electric vehicles.
Wedbush Securities reported 650,000 Cybertruck orders as of June 22, surpassing the 612,120 deliveries of Tesla’s Model S, X and 3 in 2018 and 2019, according to the weekly financial digest Finbold.
https://www.freightwaves.com/news/tesla-tops-toyota-as-worlds-most-valuable-transportation-company