News
Tesla partner Panasonic is working on a prototype 4680 battery cell production line
During a briefing on Thursday, Panasonic’s Chief Financial Officer Hirokazu Umeda noted that the Japanese tech conglomerate is preparing to produce 4680 battery cells for Tesla. Umeda also mentioned that Panasonic started working on a prototype manufacturing line for the 4680 cells after Tesla’s Battery Day event last month.
“We have considerable know-how for that battery. We started working on it immediately after Tesla’s Battery Day and are also preparing to set up a prototype production line in parallel,” Umeda said, as per a NASDAQ report.
The 4680 cells, which feature 500% times more energy and 6X more power than the company’s existing batteries, are key to Tesla’s plans for the coming years. Tesla executives Elon Musk and Drew Baglino explained on Battery Day that the 4680 cell, which should pave the way for terawatt-hour scale battery production, is pertinent in the company’s push to accelerate the advent of sustainable energy.
Panasonic’s push to produce 4680 cells for Tesla is a rather bold move for the Japanese conglomerate, especially as the two companies’ joint venture at Gigafactory Nevada has experienced challenges over the years. The challenges experienced by Tesla and Panasonic were so notable that speculations from critics at one point suggested that the Japanese firm might cut ties with the American EV maker.
Needless to say, these speculations did not come to pass, especially as sales of Tesla’s electric cars stabilized profits for the EV maker and its battery partner. Tesla has so far accomplished five consecutive profitable quarters, and Panasonic, for its part, reported an 11% increase in second-quarter operating profit, beating analyst estimates.
In the recent briefing, the CFO further stated that apart from the prototype 4680 production line, Panasonic is also launching an additional production line at Giga Nevada. This additional line is estimated to boost the plant’s total capacity by 10% to about 38-39 GWh a year by 2022. “We are targeting a profit margin of around 5% at our Tesla battery business within two to three years,” Umeda said.
Ultimately, Panasonic’s development of a prototype 4680 cell production line for Tesla bodes well for the electric car maker’s rollout of its next-generation batteries. Despite Tesla ramping its own battery cell production activities at its pilot site in Fremont, after all, the company has emphasized that it needs partners like Panasonic, LG Chem, and CATL to produce more batteries than ever before. Panasonic’s prototype 4680 line seems to be a step towards this direction.
Elon Musk
Brazil Supreme Court orders Elon Musk and X investigation closed
The decision was issued by Supreme Court Justice Alexandre de Moraes following a recommendation from Brazil’s Prosecutor-General Paulo Gonet.
Brazil’s Supreme Federal Court has ordered the closure of an investigation involving Elon Musk and social media platform X. The inquiry had been pending for about two years and examined whether the platform was used to coordinate attacks against members of the judiciary.
The decision was issued by Supreme Court Justice Alexandre de Moraes following a recommendation from Brazil’s Prosecutor-General Paulo Gonet.
According to a report from Agencia Brasil, the investigation conducted by the Federal Police did not find evidence that X deliberately attempted to attack the judiciary or circumvent court orders.
Prosecutor-General Paulo Gonet concluded that the irregularities identified during the probe did not indicate fraudulent intent.
Justice Moraes accepted the prosecutor’s recommendation and ruled that the investigation should be closed. Under the ruling, the case will remain closed unless new evidence emerges.
The inquiry stemmed from concerns that content on X may have enabled online attacks against Supreme Court justices or violated rulings requiring the suspension of certain accounts under investigation.
Justice Moraes had previously taken several enforcement actions related to the platform during the broader dispute involving social media regulation in Brazil.
These included ordering a nationwide block of the platform, freezing Starlink accounts, and imposing fines on X totaling about $5.2 million. Authorities also froze financial assets linked to X and SpaceX through Starlink to collect unpaid penalties and seized roughly $3.3 million from the companies’ accounts.
Moraes also imposed daily fines of up to R$5 million, about $920,000, for alleged evasion of the X ban and established penalties of R$50,000 per day for VPN users who attempted to bypass the restriction.
Brazil remains an important market for X, with roughly 17 million users, making it one of the platform’s larger user bases globally.
The country is also a major market for Starlink, SpaceX’s satellite internet service, which has surpassed one million subscribers in Brazil.
Elon Musk
FCC chair criticizes Amazon over opposition to SpaceX satellite plan
Carr made the remarks in a post on social media platform X.
U.S. Federal Communications Commission (FCC) Chairman Brendan Carr criticized Amazon after the company opposed SpaceX’s proposal to launch a large satellite constellation that could function as an orbital data center network.
Carr made the remarks in a post on social media platform X.
Amazon recently urged the FCC to reject SpaceX’s application to deploy a constellation of up to 1 million low Earth orbit satellites that could serve as artificial intelligence data centers in space.
The company described the proposal as a “lofty ambition rather than a real plan,” arguing that SpaceX had not provided sufficient details about how the system would operate.
Carr responded by pointing to Amazon’s own satellite deployment progress.
“Amazon should focus on the fact that it will fall roughly 1,000 satellites short of meeting its upcoming deployment milestone, rather than spending their time and resources filing petitions against companies that are putting thousands of satellites in orbit,” Carr wrote on X.
Amazon has declined to comment on the statement.
Amazon has been working to deploy its Project Kuiper satellite network, which is intended to compete with SpaceX’s Starlink service. The company has invested more than $10 billion in the program and has launched more than 200 satellites since April of last year.
Amazon has also asked the FCC for a 24-month extension, until July 2028, to meet a requirement to deploy roughly 1,600 satellites by July 2026, as noted in a CNBC report.
SpaceX’s Starlink network currently has nearly 10,000 satellites in orbit and serves roughly 10 million customers. The FCC has also authorized SpaceX to deploy 7,500 additional satellites as the company continues expanding its global satellite internet network.
Energy
Tesla Energy gains UK license to sell electricity to homes and businesses
The license was granted to Tesla Energy Ventures Ltd. by UK energy regulator Ofgem after a seven-month review process.
Tesla Energy has received a license to supply electricity in the United Kingdom, opening the door for the company to serve homes and businesses in the country.
The license was granted to Tesla Energy Ventures Ltd. by UK energy regulator Ofgem after a seven-month review process.
According to Ofgem, the license took effect at 6 p.m. local time on Wednesday and applies to Great Britain.
The approval allows Tesla’s energy business to sell electricity directly to customers in the region, as noted in a Bloomberg News report.
Tesla has already expanded similar services in the United States. In Texas, the company offers electricity plans that allow Tesla owners to charge their vehicles at a lower cost while also feeding excess electricity back into the grid.
Tesla already has a sizable presence in the UK market. According to price comparison website U-switch, there are more than 250,000 Tesla electric vehicles in the country and thousands of Tesla home energy storage systems.
Ofgem also noted that Tesla Motors Ltd., a separate entity incorporated in England and Wales, received an electricity generation license in June 2020.
The new UK license arrives as Tesla continues expanding its global energy business.
Last year, Tesla Energy retained the top position in the global battery energy storage system (BESS) integrator market for the second consecutive year. According to Wood Mackenzie’s latest rankings, Tesla held about 15% of global market share in 2024.
The company also maintained a dominant position in North America, where it captured roughly 39% market share in the region.
At the same time, competition in the energy storage sector is increasing. Chinese companies such as Sungrow have been expanding their presence globally, particularly in Europe.
Brazil Supreme Court orders Elon Musk and X investigation closed
FCC chair criticizes Amazon over opposition to SpaceX satellite plan
