Though Tesla has received a lot of criticism in the past for its low production numbers, it appears the EV giant is finally living up to its promises
Last week, analysts at Brokerage RBC noted that Tesla's investment in service and quality has not been enough to keep up with its increasing sales and has the potential to damage the brand. "Service could be particularly important as Tesla continues to try to expand outside its core market." The company, which has repeatedly said that it needs to expand its service center locations, operates 466 service centers around the world, according to Electrek.
Panasonic Corp said on Thursday it is working to develop a new battery cell for Tesla Inc based on the U.S. electric vehicle maker's new cell format, as the Japanese company moves forward its decade-old partnership with Tesla. Tesla's new battery cell — a larger cylindrical format called 4680 that can store more energy and is easier to make — is key to achieving the goal of cutting battery costs in half and ramping up battery production nearly 100-fold by 2030. "We have considerable know-how for that battery," Panasonic's Chief Financial Officer Hirokazu Umeda said at a briefing as the company reported an 11% increase in second-quarter operating profit, beating analyst estimates.