Tesla business discussion
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Tesla ends Camry’s 28-year best-selling run, and even drew reaction from Toyota
https://electrek.co/2023/01/10/tesla...n-from-toyota/
Lexus Fanatic
Joined: Sep 2010
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From: Alberta
Model 3 is more than 2x the price in Oz.
lol smooth move Toyota.
The change appears to have taken Toyota by surprise since the automaker still listed the Camry as a best-selling medium car in the country in its press release bragging about its dominance over the Australian auto market, but it had to add a mention of vehicles for less than $60,000:
Lexus Champion
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From: California
Lexus Champion
Joined: Oct 2019
Posts: 19,741
Likes: 3,772
From: California
Tesla plans to spend more than $770 million on Texas factory expansion
- Tesla has registered with the state of Texas to expand its electric vehicle factory in Austin this year.
- January filings with the Texas Department of Licensing and Registration reveal that Tesla plans to spend upward of $770 million on the construction of facilities, including for battery cell testing and manufacturing there.
- In May 2022, after Tesla opened up its Austin factory, and another vehicle assembly plant outside of Berlin in Germany, CEO Elon Musk called both facilities “gigantic money furnaces.”
Tesla has registered with the state of Texas to expand its electric vehicle factory in Austin this year.
January filings with the Texas Department of Licensing and Regulation reveal that Tesla plans to spend upward of $770 million on the construction of facilities there, including for battery cell testing and manufacturing, cathode and drive unit manufacturing, and a die shop, among other things.
The Austin Business Journal previously reported on Tesla’s plans and filings.
The Elon Musk-led automaker officially opened its Texas electric vehicle and battery factory in April 2022, hosting a “cyber rodeo” party for shareholders and fans there. Today, Tesla manufactures some of its Model Y crossover utility vehicles in Austin, and plans to mass manufacture its science fiction inspired Cybertruck, an unconventional pickup, there as well.
After the company initially opened its Austin factory, and another vehicle assembly plant outside of Berlin in Germany, CEO Musk called both facilities “gigantic money furnaces,” in an interview with Tesla Owners Silicon Valley
https://www.cnbc.com/2023/01/10/tesl...expansion.html
Lexus Fanatic
Joined: Sep 2010
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From: Alberta
Tesla Nears Deal to Build Production Facilities in Indonesia
(Reuters) - Tesla Inc is nearing a preliminary deal to build production facilities in Indonesia with a capacity of one million units, Bloomberg News reported on Wednesday, citing people familiar with the matter.
The country's investment minister confirmed talks with the world's most valuable automaker, the report added.
The electric-vehicle maker and Indonesia's Ministry of Investment did not immediately respond to Reuters requests for comment.
Tesla makes its electric cars at its gigafactories in Shanghai, Austin, Berlin and Fremont, California and is reportedly set to announce a new factory in Mexico's Nuevo Leon state.
The report said that the talks include plans for production facilities and to facilitate the company's supply chain.
Chief executive Elon Musk said in November that South Korea was among its top candidate locations for a factory it plans to build in Asia for making EVs, according to South Korea's presidential office.
Tesla has signed contracts worth about $5 billion to buy materials for their batteries from nickel processing companies in Indonesia, a senior cabinet minister told CNBC Indonesia last year.
However, Indonesian President Joko Widodo urged the electric vehicle maker to manufacture its cars, as well as batteries, in the country, in comments made to Bloomberg News in August.
The country's investment minister confirmed talks with the world's most valuable automaker, the report added.
The electric-vehicle maker and Indonesia's Ministry of Investment did not immediately respond to Reuters requests for comment.
Tesla makes its electric cars at its gigafactories in Shanghai, Austin, Berlin and Fremont, California and is reportedly set to announce a new factory in Mexico's Nuevo Leon state.
The report said that the talks include plans for production facilities and to facilitate the company's supply chain.
Chief executive Elon Musk said in November that South Korea was among its top candidate locations for a factory it plans to build in Asia for making EVs, according to South Korea's presidential office.
Tesla has signed contracts worth about $5 billion to buy materials for their batteries from nickel processing companies in Indonesia, a senior cabinet minister told CNBC Indonesia last year.
However, Indonesian President Joko Widodo urged the electric vehicle maker to manufacture its cars, as well as batteries, in the country, in comments made to Bloomberg News in August.
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From: What is G?
Tesla ends Camry’s 28-year best-selling run, and even drew reaction from Toyota
https://electrek.co/2023/01/10/tesla...n-from-toyota/
Lexus Fanatic
Joined: Sep 2010
Posts: 26,052
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From: Alberta
Moderator edit. If you can’t post without making baiting inflammatory comments you’ll be asked to exit.
Last edited by DaveGS4; Jan 11, 2023 at 04:23 PM. Reason: This is a Lexus / Toyota community
Lexus Champion
Joined: Oct 2019
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From: California
but it's still a milestone. the camry has been the ultimate car 'appliance' for so long, but the model 3 is just a better appliance... more fun, more useful, more tech, also highly reliable (besides fit/finish issues).
toyota is simply too far behind at this point. and tesla's obsessive path to making ev's globally at scale at minimal cost will be hard for anyone to beat except maybe other ev makes like byd or vinfast.
Last edited by bitkahuna; Jan 12, 2023 at 04:52 AM.
Lexus Test Driver
Joined: Feb 2002
Posts: 8,223
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From: New York
key omitted addition in clickbait headline... "...in Australia".
but it's still a milestone. the camry has been the ultimate car 'appliance' for so long, but the model 3 is just a better appliance... more fun, more useful, more tech, also highly reliable (besides fit/finish issues).
toyota is simply too far behind at this point. and tesla's obsessive path to making ev's globally at scale at minimal cost will be hard for anyone to beat except maybe other ev makes like byd or vinfast.
but it's still a milestone. the camry has been the ultimate car 'appliance' for so long, but the model 3 is just a better appliance... more fun, more useful, more tech, also highly reliable (besides fit/finish issues).
toyota is simply too far behind at this point. and tesla's obsessive path to making ev's globally at scale at minimal cost will be hard for anyone to beat except maybe other ev makes like byd or vinfast.
Car manufacturing is probably one of the worst industries to be in because its so capital intensive and you consistently need to develop new products to stay afloat.
Lexus Champion
Joined: Oct 2019
Posts: 19,741
Likes: 3,772
From: California
key omitted addition in clickbait headline... "...in Australia".
but it's still a milestone. the camry has been the ultimate car 'appliance' for so long, but the model 3 is just a better appliance... more fun, more useful, more tech, also highly reliable (besides fit/finish issues).
toyota is simply too far behind at this point. and tesla's obsessive path to making ev's globally at scale at minimal cost will be hard for anyone to beat except maybe other ev makes like byd or vinfast.
but it's still a milestone. the camry has been the ultimate car 'appliance' for so long, but the model 3 is just a better appliance... more fun, more useful, more tech, also highly reliable (besides fit/finish issues).
toyota is simply too far behind at this point. and tesla's obsessive path to making ev's globally at scale at minimal cost will be hard for anyone to beat except maybe other ev makes like byd or vinfast.
Lead Lap
Joined: Nov 2006
Posts: 4,585
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From: Washington
The question is will ppl continue to buy the same exact Tesla design- at least Camry gets updated styling every 6yrs.
Car manufacturing is probably one of the worst industries to be in because its so capital intensive and you consistently need to develop new products to stay afloat.
Car manufacturing is probably one of the worst industries to be in because its so capital intensive and you consistently need to develop new products to stay afloat.
Lexus Champion
Joined: Oct 2019
Posts: 19,741
Likes: 3,772
From: California
The question is will ppl continue to buy the same exact Tesla design- at least Camry gets updated styling every 6yrs.
Car manufacturing is probably one of the worst industries to be in because its so capital intensive and you consistently need to develop new products to stay afloat.
Car manufacturing is probably one of the worst industries to be in because its so capital intensive and you consistently need to develop new products to stay afloat.