News
Volvo Trucks receives record order for 126 electric semis from Maersk-owned Performance Team
Volvo Trucks North America announced today that it received its largest global order of Class 8 electric semi-trucks with Maersk-owned Performance Team. The Maersk entity added 110 units to its order, making a commitment to purchase 126 Volvo VNR all-electric trucks after an initial order in Q3 2021 for 16 VNR electric semis.
Volvo said in a release Performance Team will begin operations in Q2 2022 in its Southern California fleet operations serving port drayage and warehouse distribution routes. Performance Team issued another order for 110 additional trucks in an effort “to scale its zero-tailpipe emission freight logistics fleet in 2022.” Volvo’s VNR all-electric semi-trucks will make their way to Performance Team in Q1 2023.
“Volvo Trucks, in partnership with our dealer TEC Equipment, is excited to continue growing our collaboration with Maersk on its fleet sustainability goals and commends the organization’s scaled investments in electromobility solutions,” Peter Voorhoeve, President of Volvo Trucks North America, said in a statement. “Incredibly, this is the second time in less than a year that Volvo Trucks has had the opportunity to announce that Performance Team – A Maersk Company, has placed the largest order of Volvo VNR Electrics to date, which underscores their organization’s firm commitment to reducing its carbon footprint.”
Maersk is the world’s largest integrated container logistics company, but is also leading a variety of new strategies to improve sustainability across its supply chain. CEO or Ocean & Logistics at A.P. Moller – Maersk, Vincent Clerc, said sustainability is important to customers now, and the company is working to oblige with the important requests of consumers and the environment.
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- The Volvo VNR Electric model has been designed as a sustainable transportation solution for fleet operators supporting local and regional distribution, pickup and delivery, and food and beverage distribution.
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- A lineup of Volvo VNR Electric trucks on the lot at TEC Equipment Fontana being prepared for delivery to Performance Team – A Maersk Company to operate in its Southern California fleet operations.
“Our customers are looking for tangible actions on sustainable supply chains – not just conceptual. With this in mind, we move decisively toward building an end-to-end, landside decarbonization offering for our customers – in line with our target to extend Maersk net-zero efforts to all transport modes in our global operation,” Clerc said. “These investments in our North America network will generate valuable experience for the continued journey towards similar customer offerings across the globe.”
Volvo Trucks’ largest West Coast dealership, TEC Equipment, facilitated the “landmark order.” The dealership locations in La Mirada and Fontana will support Performance Team in maximizing the uptime of the Volvo VNR fleets, Volvo said. The two TCE Equipment locations are suitable for any maintenance the VNR semis might need, as the service teams have been trained and equipped to perform any battery-electric truck maintenance needs for customers.
The VNR semi packs 275 miles of operational range. With a 250 kW charging capability that enables 80 percent charge in 90 minutes for the six-battery package or just an hour for the four-battery configuration, there won’t be much time to wait around as the truck will likely be fully charged after being loaded with goods.
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Elon Musk
Tesla confirmed HW3 can’t do Unsupervised FSD but there’s more to the story
Tesla confirmed HW3 vehicles cannot run unsupervised FSD, replacing its free upgrade promise with a discounted trade-in.
Tesla has officially confirmed that early vehicles with its Autopilot Hardware 3 (HW3) will not be capable of unsupervised Full Self-Driving, while extending a path forward for legacy owners through a discounted trade-in program. The announcement came by way of Elon Musk in today’s Tesla Q1 2026 earnings call.
🚨 Our LIVE updates on the Tesla Earnings Call will take place here in a thread 🧵
Follow along below: pic.twitter.com/hzJeBitzJU
— TESLARATI (@Teslarati) April 22, 2026
The history here matters. HW3 launched in April 2019, and Tesla sold Full Self-Driving packages to owners on the understanding that the hardware was sufficient for full autonomy. Some owners paid between $8,000 and $15,000 for FSD during that period. For years, as FSD’s AI models grew more demanding, HW3 vehicles fell progressively further behind, eventually landing on FSD v12.6 in January 2025 while AI4 vehicles moved to v13 and then v14. When Musk acknowledged in January 2025 that HW3 simply could not reach unsupervised operation, and alluded to a difficult hardware retrofit.
The near-term offering is more concrete. Tesla’s head of Autopilot Ashok Elluswamy confirmed on today’s call that a V14-lite will be coming to HW3 vehicles in late June, bringing all the V14 features currently running on AI4 hardware. That is a meaningful software update for owners who have been frozen at v12.6 for over a year, and it represents genuine effort to keep older hardware relevant. Unsupervised FSD for vehicles is now targeted for Q4 2026 at the earliest, with Musk describing it as a gradual, geography-limited rollout.
For HW3 owners, the over-the-air V14-lite update is welcomed, and the discounted trade-in path at least acknowledges an old obligation. What happens next with the trade-in pricing will define how this chapter ultimately gets written. If Tesla prices the hardware path fairly, acknowledges what early adopters are owed, and delivers V14-lite on the June timeline it committed to today, it has a real opportunity to convert one of the longest-running sore subjects among early adopters into a loyalty story.
Elon Musk
Tesla isn’t joking about building Optimus at an industrial scale: Here we go
Tesla’s Optimus factory in Texas targets 10 million robots yearly, with 5.2 million square feet under construction.
Tesla’s Q1 2026 Update Letter, released today, confirms that first generation Optimus production lines are now well underway at its Fremont, California factory, with a pilot line targeting one million robots per year to start. Of bigger note is a shared aerial image of a large piece of land adjacent to Gigafactory Texas, that Tesla has prominently labeled “Optimus factory site preparation.”
Permit documents show Tesla is seeking to add over 5.2 million square feet of new building space to the Giga Texas North Campus by the end of 2026, at an estimated construction investment of $5 billion to $10 billion. The longer term production target for that facility is 10 million Optimus units per year. Giga Texas already sits on 2,500 acres with over 10 million square feet of existing factory floor, and the North Campus expansion is being built to support multiple projects, including the dedicated Optimus factory, the Terafab chip fabrication facility (a joint Tesla/SpaceX/xAI venture), a Cybercab test track, road infrastructure, and supporting facilities.
Credit: TESLA
Texas makes strategic sense beyond the existing infrastructure. The state’s tax structure, lower labor costs relative to California, and the proximity to Tesla’s AI training cluster Cortex 1 and 2, both located at Giga Texas and now totaling over 230,000 H100 equivalent GPUs, means the Optimus software stack and the factory producing the hardware will share the same campus. Tesla’s Q1 report also confirmed completion of the AI5 chip tape out in April, the inference processor designed specifically to power Optimus units in the field.
As Teslarati reported, the Texas facility is intended to house Optimus V4 production at full scale. Musk told the World Economic Forum in January that Tesla plans to sell Optimus to the public by end of 2027 at a price between $20,000 and $30,000, stating, “I think everyone on earth is going to have one and want one.” He has previously pegged long term demand for general purpose humanoid robots at over 20 billion units globally, citing both consumer and industrial use cases.
Tesla (NASDAQ: TSLA) reported its earnings for the first quarter of 2026 on Wednesday afternoon. Here’s what the company reported compared to what Wall Street analysts expected.
The earnings results come after Tesla reported a miss on vehicle deliveries for the first quarter, delivering 358,023 vehicles and building 408,386 cars during the three-month span.
As Tesla transitions more toward AI and sees itself as less of a car company, expectations for deliveries will begin to become less of a central point in the consensus of how the quarter is perceived.
Nevertheless, Tesla is leaning on its strong foundation as a car company to carry forward its AI ambitions. The first quarter is a good ground layer for the rest of the year.
Tesla Q1 2026 Earnings Results
Tesla’s Earnings Results are as follows:
- Non-GAAP EPS – $0.41 Reported vs. $0.36 Expected
- Revenues – $22.387 billion vs. $22.35 billion Expected
- Free Cash Flow – $1.444 billion
- Profit – $4.72 billion
Tesla beat analyst expectations, so it will be interesting to see how the stock responds. IN the past, we’ve seen Tesla beat analyst expectations considerably, followed by a sharp drop in stock price.
On the same token, we’ve seen Tesla miss and the stock price go up the following trading session.
Tesla will hold its Q1 2026 Earnings Call in about 90 minutes at 5:30 p.m. on the East Coast. Remarks will be made by CEO Elon Musk and other executives, who will shed some light on the investor questions that we covered earlier this week.
You can stream it below. Additionally, we will be doing our Live Blog on X and Facebook.
Q1 2026 Earnings Call at 4:30pm CT https://t.co/pkYIaGJ32y
— Tesla (@Tesla) April 22, 2026
Tesla confirmed HW3 can’t do Unsupervised FSD but there’s more to the story
Tesla isn’t joking about building Optimus at an industrial scale: Here we go
