Auto, Breaking, News, VR World

Tesla Model 3 Announced By CEO Elon Musk

This is the news many Tesla Motors supporters have been waiting for: Tesla announced their entry-level model, the Tesla Model 3, to be released in the forthcoming years. The news came earlier today when Tesla CEO Elon Musk tweeted about the new model, fueling further hype for the electric car company and their upcoming models as well. Elon used the social media platform, as he did in his earlier announcements and made sure the public was on it right away. To remind the readers, Model 3 represents Tesla’s SEX strategy, which was changed into S3X strategy after Ford trademarked ‘Model E’. We now know that Model 3 is


Analysis, Auto, Business, Hardware, VR World

Tesla Motors Reports Record Earnings, Guides 3Q Down

Tesla Motors

Tesla Motors [NASDAQ:TSLA] today reported their earnings for the second quarter of 2014, beating many analysts expectations by delivering a record 7,579 Model S vehicles in the quarter as well as producing a record 8,763 Model S vehicles in the quarter. Non-GAAP earnings were $16 million dollars (broken down to $0.11 EPS), while GAAP earnings (loss) was a loss of $62 million or a loss of $0.50 cents per share. Tesla Motors also cautioned that they expect the third quarter revenue and overall production to be lower than initially expected due to the retooling of the Fremont NUMMI plant for higher volume Model S and new


Auto, Business, Hardware, Rumors, VR World

Panasonic Invests $250 Million into Tesla Gigafab

As we all know, Tesla is looking to build a battery Gigafab somewhere in the southwest of the US. Tesla [NADSAQ:TSLA] has not quite decided on a location quite yet, however there is a very short list of a few states and that list continues to narrow. Obviously, many states would like Tesla to build their fab in their states, but the gigafab will have to be close enough to Tesla’s factory in Fremont that they can still get their own batteries into their cars reasonably easily. As such, I suspect that the gigafab will very likely be put somewhere in Nevada, Arizona, New Mexico