Tesla News Today: Around the World in 24 Hours

Panasonic and Tesla Gigafactory 2

Daily News Summary: A One-page summary to give you a rapid overview of the day’s most important Tesla news.

Is the “Reportedly” SEC Investigation Really Bad for Tesla?

According to reports from major media news outlets, The Securities and Exchange Commission has served Tesla with a subpoena.

First of all, we still don’t know if the news is true because CNBC says, “Representatives of Tesla and the SEC declined to comment to the Times.” If there is no official confirmation, how do we know that SEC is really intensifying its investigation? Read More

Tesla can reach 7k to 8k Model 3 Production with very little incremental capital expenditure: Evercore

Evercore Analyst who visited Tesla’s Fremont factory expressed confidence that the electric car maker can reach weekly Model 3 production rate of 7,000 to 8,000 Model 3s with very little capital expenditure.

“Tesla seems well on the way to achieving a steady weekly production rate of 5,000 to 6,000 units per week,” analyst George Galliers wrote Thursday. Read More

Why Take Tesla Private Plan may have been in the Works for a While

Tesla CEO Elon Musk wants to take Tesla private with a valuation of $420 per share. Though its a bit unclear how and when Elon Musk and his supporters will make a formal buyout offer, the more we look at Tesla and Elon Musk’s activity, the more it looks like the plan has been in the works for a while.

The first point is of-course the Saudi investment fund. According to Tesla CEO Elon Musk, Saudi Arabian sovereign wealth fund approached Elon Musk multiple times in the last two years about taking Tesla private. Read More

Tesla Whistleblower Martin Tripp Surfaces again with Flawed Battery Story

Martin Tripp, the Tesla whistleblower who filed a complaint with the SEC that Tesla was misleading investors and putting the company at risk, has surfaced yet again, this time with photos and data on Twitter that allege Tesla has been using “punctured/dented/damaged” batteries in several of its Model 3 EVs.

Tripp’s photos show a before and after photo of what he says is a Tesla Model 3 battery before being ‘reworked’ and used in a car. He backs this up with a list of VINs he says has these flawed batteries. Read More

Workhorse wants to Beat Tesla Pickup Truck to the Punch

As the world keeps steadily transitioning to Electric Vehicles most of our attention firmly remains in the passenger car segment. But  companies like Tesla, Workhorse, Daimler, Nissan and a lot of other players are vying for the first mover advantage in the trucking segment.

So far things have been quiet in the lucrative pickup truck segment. As usual Elon Musk stirred the hornets nest by teasing us with his plans for an all electric pickup truck. Read More

Saudi fund may only play a Small role in Musk’s Take Tesla Private plan

According to a recent Reuters report, Bankers are saying that Saudi fund “could handle part of taking Tesla private, but not necessarily a large part of it and certainly not all of it”.

A few days ago, Reuters reported that, ” Saudi Arabia’s Public Investment Fund (PIF) has shown no interest so far in financing Tesla Inc CEO Elon Musk’s proposed $72 billion deal to take the U.S. electric car maker private, despite acquiring a minority stake in the company this year, two sources familiar with the matter said.” Read More

Why Chevrolet Bolt is General Motor’s Biggest Bet?

I like the Bolt. Yes. Chevy Bolt. I haven’t driven it to write a review, but I really like the way it looks, the specs and its future. When there are hundreds of thousands of people ready to wait for a car after just seeing the pictures and videos, you cannot blame me for saying that I like a car that I haven’t taken for a spin.

What I like the most about Chevy Bolt is not about the car but more about its parent, General Motors. Bolt is a huge statement from a 109 year old company that they are ready to face a new age challenger head on. Read More