Tag: tesla
A Tesla Megapack caught fire at the Victorian Big Battery facility in Australia
A 13-tonne Tesla Megapack caught fire on Friday morning at a battery storage facility in south-east Australia. The blaze occurred during testing at between 10 and 10.15am local time, according to Victorian Big Battery. The regional fire service said a specialist fire crew had been dispatched to the site in…
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Elon Musk calls Apple’s App Store fees ‘a de facto global tax on the Internet’
Elon Musk is siding with Epic Games in the App Store monopoly case, with the Tesla CEO firing off a tweet Friday morning that called Apple’s Store fees “a de facto global tax on the Internet,” also adding that “Epic is right.” Epic Games legal battle with Apple is sure…
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Growth is not enough
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. We were a smaller team this week, with Natasha and Alex together with Grace and Chris to sort through a week that brought together both this quarter’s earnings cycle, and the Q3 IPO rush. So, it was…
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Tesla delays Semi truck to 2022; Cybertruck back-burnered for Model Y
Tesla is pushing the launch of its electric Semi truck program to 2022 due to supply chain challenges and the limited availability of battery cells, the company said in its second-quarter earnings report Monday. Tesla CEO Elon Musk has warned about battery supply constraints before and the effect it might…
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Tesla’s quarterly profit surpasses $1 billion
Tesla reported Monday an eye-popping $1.14 billion in net income in the second quarter, results that blew past analyst expectations and marked the first time the company’s quarterly profit (on a GAAP basis) has passed the three-comma threshold. The results pushed shares up more than 2.2% in after-hours trading. Tesla…
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Automakers have battery anxiety, so they’re taking control of the supply
‘The batteries don’t show up, you’re bankrupt, you’re dead’ Rebecca Bellan 7 hours Battery joint ventures have become the hot must-have deal for automakers that have set ambitious targets to deliver millions of electric vehicles in the next few years. It’s no longer just about securing a supply of cells.…
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