Connect with us

News

Faraday Future scales back plans for North Las Vegas factory

Published

on

Faraday Future is planning to restart construction of its proposed factory in the Apex Industrial Park in North Las Vegas, but scaled back from its original size. “It’s a 650,000-square foot mini-plant that’s going to be complete about August, end of August,” said Dr. Qiong Liu, North Las Vegas city manager.

When Las Vegas Now spoke with Dag Reckhorn, vice president of global manufacturing for Faraday Future at the CES show in January, he said everything was still on schedule for cars to start rolling off the assembly line “sometime in 2018.” Originally, the factory was scheduled to be 3 million square feet in size but financial issues involving principal investor Jia Yueting brought construction to a halt in October amid charges that the AECOM, the principal contractor, had not been paid on time and in full for its site preparation work.

City manager Liu confirms that AECOM has now paid for expedited building permits so it can begin work on the smaller factory. The city itself has embarked on a series of infrastructure improvements to bring water, sewer, and road upgrades to the Apex Industrial Park. Some of that work is being aided by funds from the state of Nevada.

“We’re not really hedging bets, we’re looking for a method to put the infrastructure in at Apex, because it’s critical for more than just Faraday, in the event that Faraday doesn’t move forward,” said Steve Hill, director of the office of economic development for the state. Nevada has agreed to a package of tax incentives for Faraday Future, assuming certain production and hiring goals are met. State treasurer Dan Schwartz told the press in December that he had given up on the idea that the company would ever commence manufacturing it the state.

“Personally I think it’s over.” Schwartz tells KSNV in Las Vegas. “I think it was over pretty much before it began.” adding, “I think he’s out of money.” Schwartz says of Yueting . “Could he get more money? My sources in China say the government there isn’t financing him. I wonder where and how they’re going to continue this project.”

Advertisement
-->

Faraday Future reportedly received 64,000 “reservations” for the $200k+ FF 91, following its CES unveiling. Perhaps that expression of interest — no money was required in order to reserve a car — has convinced some investors to put up more money to keep the company going. Tesla has certainly been remarkably successful starting out small and building its way into the nascent industry powerhouse it has become today. Perhaps Faraday Future can emulate that success path.

With more than a 1,000 horsepower on tap and a projected range approaching 400 miles helped by a 130 kWh, the FF 91 may find a niche in the market, albeit for affluent buyers. At the end of the day, we’re glad to see that Faraday Future’s dream still has a pulse, no matter how faint.

"I write about technology and the coming zero emissions revolution."

Advertisement
Comments

Cybertruck

Tesla made a change to the Cybertruck and nobody noticed

Published

on

Credit: diagnosticdennis/Instagram and @smile__no via Tesla Owners of Santa Clarita Valley/X

Tesla made a change to the Cybertruck, and nobody noticed. But to be fair, nobody could have, but it was revealed by the program’s lead engineer that it was aimed toward simplifying manufacturing through a minor change in casting.

After the Cybertruck was given a Top Safety Pick+ award by the Insurance Institute for Highway Safety (IIHS), for its reputation as the safest pickup on the market, some wondered what had changed about the vehicle.

Tesla Cybertruck earns IIHS Top Safety Pick+ award

Tesla makes changes to its vehicles routinely through Over-the-Air software updates, but aesthetic changes are relatively rare. Vehicles go through refreshes every few years, as the Model 3 and Model Y did earlier this year. However, the Cybertruck is one of the vehicles that has not changed much since its launch in late 2023, but it has gone through some minor changes.

Most recently, Wes Morrill, the Cybertruck program’s Lead Engineer, stated that the company had made a minor change to the casting of the all-electric pickup for manufacturing purposes. This change took place in April:

Advertisement
-->

The change is among the most subtle that can be made, but it makes a massive difference in manufacturing efficiency, build quality, and scalability.

Morrill revealed Tesla’s internal testing showed no difference in crash testing results performed by the IIHS.

The 2025 Cybertruck received stellar ratings in each of the required testing scenarios and categories. The Top Safety Pick+ award is only given if it excels in rigorous crash tests. This requires ‘Good’ ratings in updated small and moderate overlap front, side, roof, and head restraints.

Advertisement
-->

Additionally, it must have advanced front crash prevention in both day and night. Most importantly, the vehicle must have a ‘Good’ or ‘Acceptable’ headlights standard on all trims, with the “+ ” specifically demanding the toughest new updated moderate overlap test that checks rear-seat passenger protection alongside driver safety.

Continue Reading

News

Tesla enters interesting situation with Full Self-Driving in California

Published

on

tesla model x
A Tesla Motors Inc Model X is seen at Tesla's introduction of its new battery swapping program in Hawthorne, California June 20, 2013. Tesla Motors Inc on Thursday unveiled a system to swap battery packs in its electric cars in about 90 seconds, a service Chief Executive Elon Musk said will help overcome fears about their driving range. REUTERS/Lucy Nicholson (UNITED STATES - Tags: TRANSPORT BUSINESS LOGO) - RTX10VSH

Tesla has entered an interesting situation with its Full Self-Driving suite in California, as the State’s Department of Motor Vehicles had adopted an order for a suspension of the company’s sales license, but it immediately put it on hold.

The company has been granted a reprieve as the DMV is giving Tesla an opportunity to “remedy the situation.” After the suspension was recommended for 30 days as a penalty, the DMV said it would give Tesla 90 days to allow the company to come into compliance.

The DMV is accusing Tesla of misleading consumers by using words like Autopilot and Full Self-Driving on its advanced driver assistance (ADAS) features.

The State’s DMV Director, Steve Gordon, said that he hoped “Tesla will find a way to get these misleading statements corrected.” However, Tesla responded to the story on Tuesday, stating that this was a “consumer protection” order for the company using the term Autopilot.

It said “not one single customer came forward to say there’s a problem.” It added that “sales in California will continue uninterrupted.”

Advertisement
-->

Tesla has used the terms Autopilot and Full Self-Driving for years, but has added the term “(Supervised)” to the end of the FSD suite, hoping to remedy some of the potential issues that regulators in various areas might have with the labeling of the program.

It might not be too long before Tesla stops catching flak for using the Full Self-Driving name to describe its platform.

Advertisement
-->

Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing

The Robotaxi suite has continued to improve, and this week, vehicles were spotted in Austin without any occupants. CEO Elon Musk would later confirm that Tesla had started testing driverless rides in Austin, hoping to launch rides without any supervision by the end of the year.

Continue Reading

Investor's Corner

Tesla stock closes at all-time high on heels of Robotaxi progress

Published

on

Credit: Tesla

Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.

The price beats the previous record close, which was $479.86.

Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.

Advertisement
-->

This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.

Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing

It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.

Shares closed up $14.57 today, up over 3 percent.

The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.

Advertisement
-->

However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.

Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.

Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.

Continue Reading