In recent comments relating to the company’s acquisition of the German engineering firm Grohmann, Tesla CEO Elon Musk revealed that the electric vehicle pioneer would likely be establishing a UK-based engineering group at some point.
Elon Musk believes deeply in vertical integration. Maybe that marks him as a control freak or maybe it just means he is a smart businessman. Over the past year, Tesla has added Riviera Tool & Die to its list of corporate acquisitions and changed its name to Tesla Michigan. That brought control over many aspects of the manufacturing process in-house. While other companies rely on “just in time” relationships with suppliers, Tesla wants to exert greater control over the quality and scheduling of its supply chain.
BYD recently landed a big prize in the nascent but highly competitive electric bus market. It won the 2016 Electric Bus of the Year Award by the Los Angeles Sustainability Coalition, as announced at a recent event celebrating sustainability efforts in the region, according to an email sent to EV Obsession and CleanTechnica.
Yingli Americas, a wholly owned subsidiary of Yingli Solar, and Picasolar have been awarded a US Department of Energy SunShot award to support the beginning of pilot production with Picasolar’s innovative Hydrogen Super Emitter.
Tesla’s current financial plan “doesn’t require any capital raise for the Model 3 — at all.” There are a handful of reasons for this. One reason is that suppliers are now much more willing to let Tesla (TSLA) pay them for equipment in large part after production — a luxury Tesla didn’t … [continued]
The #1 story coming out of Tesla’s quarterly shareholder letter was widely considered to be the fact that Tesla (TSLA) was profitable in the third quarter. This is the first time in a few years that Tesla has had a profitable quarter, and it is a strong sign of financial efficiency and overall corporate health — especially at this stage in the company’s life. The momentous occasion inspired me to look back at Tesla’s history a bit, and compare Tesla of a few years ago to what Tesla has become.
In addition to the information on production, revenue, deliveries, Tesla gigafactories, and profitability, the newly released Tesla Q3 2016 shareholder letter also provides some interesting information on Model 3 production plan status, Model X reliability improvements, the ongoing Supercharger station buildout, and the opening of new stores and service centers.
The Tesla/Panasonic Gigafactory is still on track to begin lithium-ion battery cell production sometime later this year, according to Tesla’s just released Quarter 3 2016 shareholder letter.
Tesla just released its Quarter 3 2016 shareholder letter, providing a lot of good news with regard to the company’s performance. In addition to the letter revealing that Tesla has achieved its first quarterly net profit in more than 3 years, it also noted that the company achieved record vehicle production, delivery, and revenue figures during the quarter.
Energy and environmental issues matter to US voters much more than many candidates and party officials are aware — or than they let on, or than the mainstream press is reporting. American voters voice strong support for raising the priority of renewables on the White House agenda and expect it of the next president.
