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Vol. 12 / Issue 2 / May 2021
Elon Musk Shares Update on Tesla’s In-House Collision Repair and Insurance Efforts by Maria Merano, Teslarati
Tesla E lo n M u sk recently stated Tesla is building up its collision repair capabilities e added Tesla Insurance would ensure collision repairs would make the experience smoother or customers Tesla is building up collision repair capability to help address the grief that you went through, but usually insurance companies make you go [ to] their appro ed collision repair partners Tesla nsurance will make it smooth sailing Musk tweeted in response to a tweet from “ Everyday Astro-
naut ter Tesla Model owner and pace enthusiast er da stronaut recei ed his car rom a Tesla certified bod shop he noticed the dri er s side mirror wasn t working and a loud whistling noise came out of his windshield Tesla Mobile erice technician fi ed the side mirror and windshield in minutes n 201 Musk announced Tesla was bringing collision repairs in house e noted outside firms were taking too long on repairs and it was dri ing Tesla owners and us cra Musk shared Tesla was aiming to complete repairs See Musk Shares Update, Page 12
GM, LG Energy Solution Investing $2.3 Billion in 2nd Ultium Cells Manufacturing Plant in U.S. Ultium Cells LLC, a joint venture of LG Energy Solution and General Motors on pril 1 announced a more than 2 billion in estment to build its second battery cell manufacturing plant in the U.S. The acilit will be located in pring ill T Ultium Cells will build the new plant on land leased rom GM The new battery cell plant will create 1 00 new obs onstruction on the appro imatel 2 million s uare foot facility will begin immediately, and the plant is scheduled to open in late 202
O nce operational, the facility will suppl batter cells to GM s pring ill assembl plant
Early conceptual rendering of Ultium Cells LLC battery cell manufacturing facility in Spring Hill, TN. See GM, LG Energy Solution, Page 24
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President Biden’s $174 Billion EV Package Broken Down Dollar by Dollar by Joey Klender, Teslarati
President J o e B id en ’ s 1 billion aid package for electric vehicles has been broken down in an email sent by o cials rom the epartment o Transportation iden s plan to increase production and adoption across the U.S. is fueled by the massive spending package that aims to woo car buyers away from gas-powered engines, favoring electric cars instead. The 1 billion package can be broken down into several categories o di erent spending allocations
The largest is the consumer rebates portion of the package, accounting or 100 billion o the 1 billion package euters said The rebates would be a significant boost to U.S. automakers, especially ones like Tesla and General Motors who cannot o er 00 rebates when a ehicle is purchased. Previous limits axed the EV tax credit after manufacturers sold 200 000 electric cars The reintroduction o the 00 tax credit would undoubtedly convince some car buyers to consider all-electric options, bringing down See $174 Billion EV Package, Page 20
Sales of Electrified Vehicles Jump Up 81% in the First Quarter of 2021 According to an analysis of the U.S. auto market by Cox Automotive and K elley Blue Book, sales growth of both electric and hybrid vehicles outpaced overall market performance in the first uarter o 2021 lectrified ehicles—automobiles featuring large battery packs and electric motors in the propulsion system—accounted for 7.8% of the total market up rom in 1 2020 lectrified ehicle sales growth o 1 ar outpaced industr growth Sales of electric vehicles ( EVs) —battery only—grew by 44.8% year over ear reaching nearl 100 000 sales in the uarter a record ales o h brid vehicles outpaced both the market and s doubling to more than 200 000 in the uarter The o erall automobile market increased b 11 in 1 The market continues to be dominated b Tesla which sold an estimated 00 ehicles in 1 and remains the onl significant automaker in the U.S. with an EV-only lineup. Tesla accounted or 1 o total sales in the uarter down rom share in 1 2020
The new Tesla Model is the best-selling EV in the U.S., followed b the Tesla Model The Model was the o 1 best selling in 2020 but sales in the U.S. market declined b more than 0 ear o er ear in the first uarter o 2021 The he rolet olt was o on the list with nearl 10 000 sales in the uarter The all new ord Mustang Mach which went on sale in D ecember, was No. 4, outselling both the Tesla Model and Model While sales of EVs are increasing, hybrid sales are increasing more uickl according to the o utomotive analysis. Sales of hybrid and plug-in hybrid vehicles jumped by 10 in 1 To ota a h brid pioneer delivered most of that growth, selling 12 electrified ehicles in 1 up rom in 1 2020 earl 2 o new To ota ehicles are now h brids The To ota brid is now the best-selling hybrid in the with sales o 2 2 ehicles in the first uarter The new To ota ienna minivan, which is available excluSee Jump Up 81%, Page 13
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