EV/AV Report: EV investments talks in the GTA; Tesla customers get real about Elon
Toronto, Ontario — Ontario’s EV and education sectors prepare to come together to talk investment opportunities in the Durham Region, meanwhile Tesla’s customer loyalty is put to the test in a newly published survey from Bloomberg. This is the latest in electric and autonomous vehicles. Intelligent investing The Durham Region east of Toronto is gearing […]
The Future, Finally: Tesla Cybertruck built at Giga Texas, full production likely for 2023 year-end
Austin, Texas — Tesla’s first completed Cybertruck finally rolled off the production line on Saturday, ahead of what is supposed to be a full model launch of the highly-anticipated truck later on in 2023. The Cybertruck aims to compete directly with other popular electric pickup trucks, like the Ford F-150 Lightning or one of Rivian’s […]
Tuesday Ticker: No profit in Ford EV unit until 2026; Tesla shares rise amid Wall Street predictions
Toronto, Ontario — This weekly Tuesday Ticker is electric, as Ford bares all on its Model e EV unit and Tesla sees a Monday morning boost, courtesy of Wall Street predictions. Ford’s future flub Ford does not expect its electric vehicle (EV) unit to be profitable until 2026, the OEM said last Thursday. Known as […]
Cyclical Savings: Tesla insurance lowering repair costs for customers, top execs say on earnings call
Toronto, Ontario — Tesla’s proprietary insurance platform has made its way into several U.S. states since its 2019 California launch, and now, top executives in a recent company Q4 earnings call claim that their model is actively lowering repair costs for customers. First reported by Drive Tesla Canada, Tesla CFO Zach Kirkhorn and CEO Elon […]
Musk Movie Magic: Tesla Autopilot head testifies 2016 self-driving video was staged
Toronto, Ontario — A lot of people call Elon Musk a renaissance man, and if that’s true, he can now list special effects artist on his resume, after a Tesla engineer testified under deposition that a 2016 video showing off the automaker’s Autopilot technology was faked. According to Reuters, a video posted to Tesla’s website […]
EV/AV Report: Perpetual motion and delayed releases
Toronto, Ontario — In this week’s report, BMW patents a suspension system capable of converting road bumps into electric vehicle (EV) energy, Apple delays its autonomous vehicle (AV) debut to 2026, and Tesla returns radar sensors to its autopilot suite after a short hiatus. This is the latest in electric and autonomous vehicles. Unlimited Power […]
Pump the Brakes: NHTSA seeks information from Tesla in wake of ‘phantom braking’ concerns
Washington, D.C. — The National Highway Traffic Safety Administration (NHTSA) has given Tesla until June 20 to respond to a list of questions the traffic authority has in regard to the OEM’s “phantom braking” complaints. According to a letter from May 4, NHTSA is investigating 758 reports of unexpected brake applications in 2021-2022 Tesla Model […]
Waved Away: Tesla to cut 10 percent of jobs based on Musk’s ‘super bad feeling’
Toronto, Ontario — About 10,000 people are expected to lose their jobs because their billionaire CEO has a “super bad feeling” about the economy. You could probably guess who we’re talking about already. In an email to Tesla executives obtained by Reuters, Elon Musk said he wants to “pause all hiring worldwide” and layoff 10 […]
Goodbye, Sweatpants: Tesla CEO Elon Musk condemns remote work in leaked email
Toronto, Ontario — A leaked email signalled a change in Tesla’s practices: work in person, or work elsewhere. “Anyone who wishes to do remote work must be in the office for a minimum of 40 hours per week,” said Tesla CEO Elon Musk in an email to the company’s executives on May 31. Ostensibly, the […]
Tuesday Ticker: May 3, 2022
Toronto, Ontario — This week, LKQ beats out analyst estimates with its Q1 2022 earnings report; Volkswagen considers Canada for future electrified business and Tesla CEO Elon Musk makes a deal to buy Twitter. LKQ’s leap LKQ reported its Q1 2022 earnings last week, beating out analyst estimates with earnings of US$1 per share. Zacks […]
