Fred Lambert
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Fred Lambert

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Tesla to quickly reopen Gigafactory New York to make ventilators for COVID-19 patients

Tesla to quickly reopen Gigafactory New York to make ventilators for COVID-19 patients

CEO Elon Musk announced that Tesla is going to attempt to quickly reopen Gigafactory New York in order to make ventilators for COVID-19 patients in the state. Several hospitals in the US are finding themselves in need of ventilators to help save patients who are more badly affected by the coronavirus. In previous comments over the last month, Musk has been skeptical that there’s going to be a need for more ventilators. The CEO believes that we “may have passed the inflection point for US cases.” However, that’s excluding New York, which has been hit harder by the virus than any other...

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Fred Lambert
Mar 25
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Tesla Model 3 leads industry in value retention, barely loses any value after a year

Tesla Model 3 leads industry in value retention, barely loses any value after a year

Tesla Model 3 is leading the industry in value retention by barely losing any value after a year and half the depreciation rate as the second-best vehicle, according to a new study. Last year, CEO Elon Musk claimed that Tesla vehicles are now “appreciating assets” due to their self-driving capability. He claims that once Tesla achieves full self-driving capability, its vehicles will become revenue-generating assets for their owners, and as the system improves, Tesla will be increasing the price of the self-driving capability, resulting in increased value for all cars. At one point, Musk...

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Fred Lambert
Feb 20
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Elon Musk tells Tesla employees to 'ignore stock price' in leak email

Elon Musk tells Tesla employees to 'ignore stock price' in leak email

In an email obtained by Electrek, CEO Elon Musk tells Tesla employees to “ignore stock price” as it soars to new highs in a market rally. Over the last few weeks, Tesla’s stock price blew past its longtime all-time high to now over $430 per share. CEO Elon Musk addressed the recent rally in an email titled “Please ignore stock price” sent to Tesla employees and obtained by Electrek. Musk wrote: “My silly jokes on Twitter are just that. What really matters is our actual execution and effectiveness as a company.” When he talks about “silly jokes”, he is likely referring to him tweeting...

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Fred Lambert
Dec 29
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Elon Musk: Tesla electric 'Cybertruck' pickup is our best product ever

Elon Musk: Tesla electric 'Cybertruck' pickup is our best product ever

While Elon Musk didn’t want to talk about the upcoming Tesla pickup truck today, he still managed to hype the vehicle up by saying that the ‘Cybertruck’ could be Tesla’s best product ever. Many people, including financial analysts, are trying to know more about the upcoming Tesla vehicle. During the conference call following Tesla’s Q3 2019 earnings, Elon Musk didn’t want to comment about Tesla’s pickup truck when asked by an analyst. Yet, the CEO went on to say that he thinks the pickup truck, which he is now calling the Tesla ‘Cybertruck’, might end up being the automaker’s “best...

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Fred Lambert
Oct 28
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Tesla quietly acquires battery production expert in push to make its own cells

Tesla quietly acquires battery production expert in push to make its own cells

Tesla has quietly acquired a battery manufacturing and engineering company based in Canada called ‘Hibar Systems’ in a push to start making its own battery cells. There’s no detail available about the acquisition other than Tesla listing Hibar Systems as a subsidiary in its official filings with the Canadian Federal lobby registration, as first reported by Canada’s Electric Autonomy. The manufacturing company wasn’t on Tesla’s subsidiary list in July and now it appeared on it on October 2 – meaning that the acquisition happened in the last 4 months. Hibar has since gone dark, killed its...

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Fred Lambert
Oct 8
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