Tesla Model 3 lease program opens door to future ride-hailing network

By Dacia J. Ferris Posted on April 11, 2019 Tesla has officially launched its Model 3 leasing program to include any variant of the all-electric midsize sedan. Unlike traditional agreements, the Model 3 vehicles under lease will not be available for purchase once the lease matures. Tesla intends to use those vehicles as part of …

Tesla battery partner Panasonic will ‘study investments over 35 GWh’ for Gigafactory 1

By Simon Alvarez Posted on April 11, 2019 Following reports from the Nikkei Asian Review alleging that Panasonic and Tesla have decided to freeze investments on Gigafactory 1, the Japanese battery provider has stated that it is studying further investments for battery cell production in the Nevada-based facility. Citing no sources, the Nikkei report claimed …

Ford is realizing that the self-driving car market is not as simple as it thought

By Simon Alvarez Posted on April 10, 2019 Ford Chief Executive Jim Hackett recently admitted that the company has “overestimated” the arrival of full self-driving vehicles. While speaking at the Detroit Economic Club on Tuesday, the Ford CEO noted that while the company’s first autonomous car is still coming in 2021, the applications of the …