LG Energy Solution (LGES) recently announced that its battery facility in Arizona will become a key production hub for 46-series cylindrical cells in North America. After announcing its Q3 2023 earnings, LGES stated it aimed to preemptively respond to market demand for 46-series cylindrical cells.
“In response to constantly evolving and diversified market needs, we will secure differentiated production competitiveness across all segments, ranging from premium and mainstream to affordable,” said Youngsoo Kwon, CEO of LG Energy Solution. “This will become our core engine for consistent mid-to-long term growth, upon which we will become a global leader providing the world-best value to our customers.”
The Arizona plant was initially expected to produce 2170 cells at an annual capacity of 27 GWh. However, the Korean battery supplier has decided to pivot its plans in Arizona and will instead produce 46-series cells and expand its annual production capacity to 36 GWh. LGES aims to start production on 46-series cells in Arizona by late 2025.
Earlier this year, the long-time Tesla battery supplier quadrupled its investment in the Arizona plant from $1.4 billion to $5.5 billion. At the time, LGES claimed the increased investment was due to strong demand for electric vehicles. However, after announcing its Q3 2023 sales, LGES tempered revenue expectations for 2024.
LGES posted a revenue of KRW 8.22 trillion, down 6.3% quarter-on-quarter and an increase of 7.5% year-over-year. It reported an operating profit of KRW 7.31.2 billion, up 58.7% quarter-on-quarter and 40.1% yoy.
The Korean battery supplier’s operating profit included the estimated IRA tax credit amount of KRW 215.5 billion—an increase of 94% compared to the previous quarter. The increase in LGES’ IRA tax credit amount was attributed to production and sales improvements thanks to the company’s ramped-up capacity in the United States. Without IRA Tax credits, LGES’ operating profit would be KRW 515.7 billion with a margin of 6.3%.
“With demand slowdown in Europe, EV production adjustment from OEMs, and reflection of metal price into average selling price (ASP) erosion, we saw a modest decline in our quarterly revenue,” explained Chang Sil Lee, CFO of LG Energy Solution. “Nonetheless, operating profit increased thanks to product mix improvement, enhanced productivity of new lines, and efforts for expense efficiencies.”
The Teslarati team would appreciate hearing from you. If you have any tips, contact me at maria@teslarati.com or via X @Writer_01001101.
News
Tesla Robotaxi and Supercharger Diner are killing a dreaded consumer tradition
Tesla is still just charging strictly for its services–while asking for zero tips.

Tesla’s Robotaxi service and its newly launched Supercharger Diner are killing a longtime but increasingly dreaded consumer tradition in the United States. Based on videos taken of consumers using the Robotaxi service in the Bay Area, Tesla is still just charging strictly for its services–while asking for zero tips.
Tesla Services with Zero Tips
When Tesla launched the Robotaxi pilot in Austin, users quickly noticed that the company was not allowing riders to leave a tip for the service. If one were to try leaving a tip after a Robotaxi ride, the app simply flashes an image of Tesla’s meme hedgehog mascot with a “Just Kidding” message.
At the time, this seemed like a small tongue-in-cheek joke from the electric vehicle maker. The initial Robotaxi pilot in Austin was rolled out on a small scale, after all, and some social media users speculated that tipping may eventually just be introduced to the service.
But upon the opening of the Tesla Supercharger Diner, consumers also observed that the facility does not allow tipping. Tesla’s notice is simple: “Gratuity: Tesla covers tipping for staff.” This means that employees who work at the Tesla Diner make enough to not rely on gratuities from consumers.
And with the launch of the Robotaxi service in the Bay Area, users observed once more that Tesla is still not allowing tipping. This was highlighted by longtime Tesla owner @BLKMDL3, who shared a video of the Tesla Robotaxi app also briefly displaying the hedgehog mascot with a “Just Kidding” message when he tried leaving a tip.
Out of Control
As noted in a report from The Guardian, tipping has been a longstanding business practice in the United States, were service workers typically make less than the federal minimum wage. With this system in place, service workers end up relying on gratuities to make ends meet. This was understandable, but after the pandemic, tipping culture ended up going out of control.
On platforms such as Reddit, users have also complained about services like Uber asking for large tips for using their services. Consumers have also shared shocking experiences involving some services that ask for tips. These include self-checkout counters, drive-throughs, hotdog stands, drug stores, a bottled water stall at a jazz festival, an airport vending machine, a used bookstore, a cinema box office, and a children’s arcade, among others.
Investor's Corner
Tesla tailwinds could drive momentum-filled finish to 2025: analyst
Tesla is heading toward some momentum to finish out the year, one Wall Street firm believes.

Tesla has some tailwinds that could drive it toward a momentum-filled finish to the year, one Wall Street analyst is predicting.
The tailwinds are joined by some minor risks that have impacted the broader electric vehicle market, but overall, this firm believes Tesla has many catalysts moving forward.
Emmanuel Rosner of Wolfe Research believes that Tesla has plenty of things that could drive the stock upward as we approach the end of the year. With Q3 well underway, Tesla has about five months of catalysts to rely on to erase the roughly 18 percent drop in stock price it has so far this year.
At first glance, it is easy to see the things that would have investors bullish on Tesla for the rest of 2025 and even beyond. Initially, the Robotaxi launch and expansion, which spread to Northern California last night, provide potentially huge tailwinds for the company moving forward.
Along with that, and slightly related, are the advancements in Full Self-Driving that the company has made over the past few months.
This includes the potential launch of the FSD suite in regions like Europe and Australia, where the company believes it will make some progress on regulatory approval in the coming months.
Finally, Wolfe says the company’s Optimus project, which is expected to enter scale production sometime next year, is the third catalyst for Tesla moving forward.
With these three projects in motion, Tesla truly can begin to work on rebounding from a rough 2025 on the market.
Rosner writes:
“This name trades more around the narrative than the numbers. And net-net, we tactically see an improving narrative from here. Tesla has several catalysts coming up w/r/t FSD and Robotaxi, including an expansion of their AV service into several new U.S. markets (San Francisco, Nevada, Arizona, Florida, etc.). The company plans to unlock hands-free/eyes-off autonomy for FSD owners in select U.S. locations by YE25. Supervised FSD in China and Europe is expected to launch over the next ~12 months. And, Optimus is expected to enter scale production in 2026.”
Tesla is currently trading around $310 at around 3:20 p.m. on the East Coast.
News
Two driverless Waymo cars collide at Phoenix Sky Harbor Airport
Two Waymo vehicles collided at Phoenix Sky Harbor Airport in Arizona

Two driverless Waymo cars collided at Phoenix Sky Harbor Airport on Wednesday, but details are incredibly slim as the accident has barely been mentioned on many social media platforms.
The video of the two Waymo vehicles was shared on Reddit’s r/SelfDrivingCars subreddit by u/HIGH_PRESSURE_TOILET (an interesting username), showing the two Jaguar I-PACE EVs at a standstill.
They were still making contact in the video, with one front driver-side quarter panel still in contact with the other’s front passenger door:
🚨 Waymo accident in Arizona at Sky Harbor Airport in Phoenix: https://t.co/UjyWvu3ZGF pic.twitter.com/Z5ASKMEuXw
— TESLARATI (@Teslarati) July 30, 2025
There are relatively no details on the matter, but we reached out to Waymo earlier today, and an employee was able to share the following information.
Waymo told Teslarati that the accident occurred at a low speed, which is evident based on the lack of major damage done to either vehicle. Waymo did not reveal a specific speed at which the accident occurred, but they did mention it was a low speed.

The message Waymo’s vehicles showed after the accident in Phoenix. (Credit: Reddit | u/HIGH_PRESSURE_TOILET)
Additionally, there were no passengers inside either vehicle at the time of the crash. The cause of the accident is still unknown, but the company is currently investigating any potential causes and aims to have more answers in the coming days.
This is an expected growing pain of driverless vehicles, as autonomous rides are still in their very early phases. We have seen Waymo vehicles encounter a variety of challenges over the past several years, including getting stuck at construction zones in other cities.
Here’s one example of one nearly driving into a trench:
Waymo self driving car almost drives into a trench at construction site
Waymo is in direct competition with Tesla Robotaxi, which is operating in both Austin, Texas, and the San Francisco Bay Area. Waymo operates in both of these areas.
As Waymo updates us with more details, we will share them here and update the article.
-
Elon Musk2 weeks ago
Waymo responds to Tesla’s Robotaxi expansion in Austin with bold statement
-
News2 weeks ago
Tesla exec hints at useful and potentially killer Model Y L feature
-
Elon Musk2 weeks ago
Elon Musk reveals SpaceX’s target for Starship’s 10th launch
-
News2 weeks ago
Tesla’s longer Model Y did not scale back requests for this vehicle type from fans
-
News2 weeks ago
“Worthy of respect:” Six-seat Model Y L acknowledged by Tesla China’s biggest rivals
-
Energy2 weeks ago
Tesla launches first Virtual Power Plant in UK – get paid to use solar
-
Elon Musk2 weeks ago
Tesla Supercharger Diner food menu gets a sneak peek as construction closes out
-
Elon Musk1 week ago
Elon Musk gives key update on plans for Tesla Diner outside of LA