Business

Tesla comes out of the gate strong in Q1 2021, earnings report shows

Tesla produced the most vehicles in a single quarter for the company in Q1 2021, with 180,338.

By David Sickels
April 21, 2021

According to Tesla’s 2021 Q1 earnings report, the company delivered 184,800 vehicles to its customers in the first quarter of 2021 – a company record. The figure is the largest quarterly delivery by Tesla.

Tesla also produced the most vehicles in a single quarter for the company in Q1 2021, with 180,338.

“We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity,” The company says. “The new Model S and Model X have also been exceptionally well-received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.”

Magna wins battery enclosures business for Chevy Silverado EV

Battery enclosures, which all battery EVs require, house high-voltage batteries, electrical components, sensors and connectors.

By David Sickels
March 12, 2023

2024-Silverado-EV-RST-Magna-battery-enclosures-1400

Magna has secured new business from General Motors to supply battery enclosures on the new 2024 Chevrolet Silverado EV. The company will produce the enclosures at its Magna Electric Vehicle Structures facility in St. Clair, Michigan, where it already produces the battery enclosure for the GMC Hummer EV.

Magna recently announced significant investment plans for the facility in St. Clair to support the fast-growing electric vehicle market. Production is expected to begin later this year.