Originally published at https://evannex.com on August 31, 2020.
Failure is good. Or rather, it can be good if you react to it the right way, using the knowledge you gain to make your next attempt at the goal more effective. As Thomas Edison put it, “I haven’t failed, I’ve just found ten thousand ways that don’t work.”
The Silicon Valley venture capital world has embraced this ethos (which is surely a great consolation to investors in the tens of thousands of companies that have gone bust). Tesla’s founders all came from this milieu, so it’s no surprise that the company…
Originally published at https://evannex.com on July 10, 2020
Tesla [NASDAQ: TSLA] shares have surged since the company announced its surprising quarterly production and delivery numbers — despite the COVID-19 pandemic. Once a small scrappy Silicon Valley startup, Tesla is now on the verge of S&P 500 inclusion.
According to Reuters, “Tesla Inc appears on the verge of joining the S&P 500, a major accomplishment for Chief Executive Officer Elon Musk that would unleash a flood of new demand for the electric car maker’s shares, which have already surged 500% over the past year.”
Originally published at https://evannex.com on July 9, 2020.
The International Energy Agency’s Global EV Outlook is an annual publication that reports on the current state of electric mobility around the world. It always contains important insights about the EV market, and this year’s report is no exception.
Over 2.1 million plug-in vehicles (pure electric plus plug-in hybrid) were sold globally in 2019-a 40% year-on-year increase over 2018, which was itself a record year. Plug-in cars accounted for about 2.6% of global car sales.
Electrification has been rapid. In 2010, there were a mere 17,000 plug-in vehicles on the world’s roads…
Originally published at https://evannex.com on July 8, 2020.
Significant time has passed since the official unveiling of the Tesla Cybertruck. Questions have surfaced in the auto industry about Tesla’s (ahem) unusual design aesthetic surrounding Cybertruck. With time, the look has strangely grown on even its toughest critics. Let’s not mince words though. It’s still sorta ugly, but that doesn’t seem to matter.
Okay, saying it’s ugly is a bit harsh. We love this beast enough to have placed a pre-order. We just can’t (sufficiently) explain the attraction.
Many observers seem to share the same sentiment. Sure, the Cybertruck doesn’t have…
Originally published at https://evannex.com on July 7, 2020.
Tesla and Panasonic have been battery partners since the early days, but recent events have had us wondering whether the two companies’ relationship was cooling off.
Last year, Tesla said Panasonic’s battery cell production was constraining Model 3 production. In February, the carmaker announced a battery supply agreement with the Chinese firm CATL. Tesla has also been making noises about producing its own battery cells.
However, Reuters recently reported that the two firms have signed a new three-year pricing deal, and are talking about expanding battery capacity at the Gigafactory.
Originally published at https://evannex.com on July 1, 2020.
An energy paradigm shift is underway. According to Bloomberg, “Tesla Inc.’s market value has surpassed Exxon Mobil Corp.’s in a sign that investors are increasingly betting on a global energy transition away from fossil fuels.” Bloomberg touted the turning point as a “symbolic energy shift” that could signify a seismic transformation taking place in the sector.
It’s reported that, “Elon Musk’s Tesla, now at $201 billion in market capitalization, is surging on the billionaire’s optimism that his company can avoid a second-quarter loss. Exxon, which dropped to $185 billion, is reeling from…
Originally published at https://evannex.com on June 30, 2020.
How much range is enough? Like bandwidth, it may turn out to be one of those things we can never have too much of. Be that as it may, Tesla has officially cracked the 400-mile mark, announcing that all new North American Model S Long Range Plus vehicles will have an official EPA-rated range of 402 miles — an increase of almost 20% compared to a 2019 model with the same battery pack design.
How did Tesla’s engineers achieve such a significant improvement? It was a combination of several technical advances.
Originally published at https://evannex.com on June 26, 2020.
According to Elon Musk, Tesla’s much-anticipated “Battery Day” will be combined with the company’s Shareholder Meeting on September 15th. To learn more about batteries before the big day, I spoke with Ravindra Kempaiah recently about his thoughts relative to Tesla and potential battery improvements that might be revealed soon.
Ravindra Kempaiah is a materials scientist and PhD candidate at the University of Illinois, Chicago, working on electrode materials for his thesis. Apart from his research, he’s an electric vehicle enthusiast and entrepreneur in the electric bike space.
Before that, Ravindra obtained his…
Originally published at https://evannex.com on June 25, 2020.
Semi-trucks might not be the sexiest of vehicles but they represent a key market for cleaner transport. For carbon emissions to drop worldwide, semi-trucks will be crucial. Recently, there’s been a lot of media buzz about the Tesla Semi and Nikola One. Yet these two Semi-trucks are entering the segment with two completely different implementations. Tesla is all-electric while Nikola is choosing the more controversial hydrogen fuel cell route. So which will be better?
Originally published at https://evannex.com on June 24, 2020.
Dan Neil, who writes about cars for the Wall Street Journal, has evolved from a Tesla skeptic to a zealous convert. In his new review of Model Y, he reaches new heights of colorful commendation, and just manages to restrain himself from losing control and proclaiming Tesla’s new offering “the best car in the world.”
Neil gives us reasons why such a pronouncement would be reasonable: Model Y is “the most technically advanced electric automobile made,” and electric cars are “functionally superior to those powered by internal combustion.” …