Connect with us

News

Tulsa’s non-Tesla future isn’t all gloom and doom

Credit: Twitter | @KTULNews

Published

on

Tesla chose to build its next Gigafactory production facility in Austin, Texas, and not in Tulsa, Oklahoma. Even though the Oklahoman city that has housed several automotive manufacturing plants in the past didn’t land the electric automaker’s next facility, it is still looking to develop its car industry by bringing in suppliers.

Oklahoma Secretary of Commerce Sean Kouplen said last week that his department had launched a new plan that was geared toward enticing existing automakers to expand their businesses to Tulsa. The “accelerator program,” as The Oklahoman called it, would also aim toward luring the automotive industry to Tulsa.

In the past, the state has been home to several large car companies as a base for vehicle manufacturing. Not only did Ford have an assembly plant in Oklahoma from 1915 through the 1960s, but General Motors also had a manufacturing facility in the state from 1979 to 2005.

The automotive industry accounted for 28,000 jobs in Oklahoma in the past, according to the State’s Historical Society. With demand for cars at an all-time high based on population increases, the possibility for manufacturing jobs in the automotive sector is exponentially higher than what it was several years ago. And although Texas will house Tesla’s new facility, Kouplen maintains the fact that other car companies are more than welcome to come to Oklahoma.

“We’ll take anybody. We believe there is a revolution occurring within the automotive world,” Kouplen said on August 6. “Frankly, we think the tier one and tier two suppliers would be very smart to move to Oklahoma.”

Advertisement

If car companies decide to take a chance on Tulsa, it could help the city with an injection of jobs that have been lost due to the COVID-19 pandemic. TuslaWorld indicates that almost 275,000 jobs have been affected by the presence of the virus.

Tulsa was in the running for Tesla’s new Gigafactory with Austin since news broke in May that the company was planning to open a new production plant. Although it was relatively obvious that CEO Elon Musk wanted Texas based on a poll he posted on Twitter in early 2020, Tulsa had plenty of advantages.

It had a solid economic foundation, it had plenty of engineers willing to work for the company, and it had a lot of enthusiasm from politicians and citizens. The city also went as far as painting a notorious statue of an oil driller with Elon Musk’s face and the Tesla logo on its chest.

Advertisement

However, Tesla ultimately chose Austin based on the fact that many of the company’s key executives were more interested in the Texas city.

“When talking to key members of the team that would need to move to Austin from California in order to get the factory going, Austin was their top pick to be totally frank,” Musk said in an interview with Automotive News in August. “That was a big factor in choosing Texas and Austin. Specifically Austin. I guess a lot of people from California if you ask them what’s the one place you’d move outside of California, it’s Austin.”

H/t: The Oklahoman

Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

Advertisement
Comments

News

Tesla’s Supercharger Diner probably just secured more locations

Published

on

tesla diner
Credit: Tesla

Tesla’s Supercharger Diner in Los Angeles dominated the company’s global usage rankings after just one year, proving the concept is more than just a one-off novelty location that will fade away.

The performance could incite the company to build more locations, something that CEO Elon Musk has hinted at for some time.

Tesla’s Supercharger Diner delivered 21.2 GWh of energy in its first year of operation, the company’s head of Charging, Max de Zegher, revealed on X. Of the top 10 most utilized Supercharger locations in Tesla’s global infrastructure, the Diner in Los Angeles was the most used by drivers, and it wasn’t particularly close:

On its launch day one year ago, nobody was too sure what the Tesla Diner would be about. It seemed like an interesting concept, and considering it had been in the works for years, it was a highly anticipated launch that many were looking forward to.

Based on its success, we could see additional Diners with Superchargers built throughout the United States, and potentially beyond. Musk has said on several occasions that the company would be willing to bring the Diner idea to more markets.

Tesla makes major change at Supercharger Diner amid epic demand

Advertisement

Of the markets that Musk has mentioned, both Palo Alto and Austin have come to be perceived as ideal selections. However, there are no concrete plans as of now to build new Supercharger Diners anywhere; the location on Santa Monica Boulevard will remain the exclusive spot to pick up Tesla-inspired eats, at least for the time being.

Continue Reading

Investor's Corner

Tesla short sellers win big after shares fall after earnings

Published

on

A red Tesla Roadster driving around a turn
(Credit: Tesla)

Tesla short sellers won big following the company’s massive fall on Wall Street after it reported subpar Earnings on Wednesday.

Tesla short sellers collected about $4.12 billion in single-day profits on Thursday, according to BloombergShares fell as much as 15 percent during Thursday’s session. It closed as one of the worst days for Tesla on Wall Street in the past three years.

Investors sold off the stock after Tesla said it would aggressively direct its spending toward AI and its Optimus robot project. The company had record revenues, which were driven by one of the strongest quarters in terms of vehicle deliveries in company history.

Advertisement

However, it missed EPS estimates by reporting just $0.33, a far cry from the $0.53 analysts expected.

S3 Partners reported that about 3 percent of Tesla’s outstanding stock is sold short. Managing Director at S3, Ihor Dusaniwsky, provided the short seller’s potential profit, as well as another figure: shorts have likely had paper gains of $8.92 billion this year, as Tesla shares are down 30 percent in 2026.

Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue

Tesla has burned short sellers many times in the past, but the company’s latest Earnings Call was a chance for those skeptics to taste some payback. Although the company gave some very transparent information regarding future projects, the rollout of Robotaxi, Optimus, and Semi, many investors took their profits on Thursday.

Notable short sellers like Michael Burry have been transparent about their skepticism around Tesla shares. Burry just revealed three weeks ago that he had opened up a new short on the stock, stating he shorted Tesla shares at $416.22. “Happy it jumped back to this level,” he said in a blog post.

Advertisement

At the time of publication, Tesla shares were down about 3 percent and the stock was trading at $309.92.

Continue Reading

News

Tesla door handle saga gets its latest chapter and a big change is coming

Published

on

Credit: Tesla | Model 3 Owner's Manual

Tesla’s long-standing saga regarding its door handles and a manual release has entered its latest chapter, and as a result, a big change is coming.

On Friday, the National Highway Traffic Safety Administration (NHTSA) denied Tesla’s petition that was seeking a defect investigation into roughly 180,000 Model 3 vehicles for an issue involving the emergency mechanical door release.

Advertisement

NHTSA said that Tesla’s petition did not present evidence of a safety-related defect in the door handles or their emergency releases. Instead, the agency determined that it would rather solve the issue of the lack of labeling or location of emergency mechanical door releases and the federal safety rules that govern them.

Essentially, the NHTSA wants to create and enforce rules that would require automakers to make emergency door latch releases more clearly labeled in a car. Despite a Tesla having manual door releases on all four passenger doors, many people do not know they exist or how they work.

Tesla addresses door handle complaints with simple engineering fix

In recent times, Tesla has faced some criticism involving its door handles, specifically because some occupants have reported that they are unable to exit their vehicles after losing power. The door handles on a Tesla are electronically operated, but in the event that the 12V battery dies, there is a manual release that can be used.

The NHTSA only identified a single complaint involving the mechanical door releases: a 2022 Model 3 owner said the release was concealed and unlabeled after the vehicle lost power after a front-end collision. It has also already started to create a separate rulemaking process to make emergency door-egress systems more obvious.

Advertisement

It should be noted that all Teslas have mechanical emergency door releases, but they are placed in various locations as the vehicles have aged and been redesigned from year to year. Refer to the safety manual for your vehicle if you have any confusion about where the emergency releases are and how they work.

Continue Reading