Model3 (Tesla)

On July 23, Tesla Inc. released its Q2 2024 report.

•    Automotive revenue down approximately 7% to USD 19.88 billion, while total revenue up 2% to USD 25.50 billion
•    Net income was down 45% to USD 1.48 billion, and adjusted EBITDA was down 21% to USD 3.67 billion.
•    Operating income was down 33% to 1.61 billion, and the operating margin was down 333 basis points to 6.3%.
•    Tesla had record energy storage deployment of 9.4 GWh in Q2
•    Total global production was down 14% to 410,831 vehicles, including Model 3/Y down 16% to 386,576 units, and all other models up 24% to 24,255 units.
•    Total global deliveries were down 5% to 443,956 vehicles, including Model 3/Y down 5% to 422,405 units and all other models up 12% to 21,551 units.
•    Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025. These vehicles will utilize aspects of the next generation platform as well as aspects of current platforms, enabling them to be produced on the same manufacturing lines as the current vehicles. The coming purpose-built Robotaxi will pursue an “unboxed” manufacturing strategy.
•    Tesla looks to fully utilize its current expected maximum capacity of close to three million vehicles, enabling more than 50% growth over 2023 production before investing in new manufacturing lines.

(Tesla release on July 23, 2024)

On July 11, Tesla re-introduced the RWD Model 3 Long Range back into its U.S. portfolio, and it immediately became the cheapest Tesla with the longest range on offer.

Unlike the base RWD Model 3, the new Tesla Model 3 LR RWD comes with a battery pack that makes it eligible for the full USD 7,500 federal tax credit amount, bringing its price down from USD 42,490 to just USD 34,990 for those who qualify for the tax credit.

The Model 3 RWD is actually more expensive than the base Model Y since its LFP battery makes it ineligible for the tax credit.

The new RWD Model 3 LR is rated for 363 miles of range on a charge, compared to the RWD Model Y rated for 320 miles of range.

The Model S is rated for 402 EPA miles, but is a much more expensive vehicle.

(multiple sources on July 12, 2024)

On July 12, Daimler Truck Mexico presented the model 360, a fully electric vehicle focused on the last mile segment in classes 4 and 5.

The vehicle is available with two battery options that offer a range of up to 200 km. The vehicle also features a braking system that can recover up to 20% of the energy used during the ride. It also has a security suite that checks the general status of the high-voltage system and disconnects it almost immediately, if necessary, to avoid any possible risk.

The e360 can be equipped for the use of a dry box, refrigerated box, platform, crane, pipe, among others.

"This vehicle will go hand in hand with a holistic approach that consists of analyzing the specific needs of each client regarding the type and size of charging infrastructure required, specific vehicle configuration, after-sales service and of course, the support of our network of distributors" commented Jorge Vargas, director of Market Development and Product Portfolio.

During the presentation of the e360, Daimler Truck also announced that its Enlace Freightliner telematics platform will now feature the use of artificial intelligence.

(Mexico Now on July 12, 2024)