Tesla News Summarizes Threatened Amid Tariff War

1. Tesla signs deal to build mega-pack service facility in Australia
   Tesla has partnered with the Western Australian government to build a Megapack battery service facility. The facility will be located alongside Neoen’s Collier battery project and will have large battery energy storage systems with 560MW and 2,240MWh capacity upon completion. It plans to hire 50 local workers in the future, and will service Tesla’s Megapack batteries, Powerwall, and EV charging equipment.
2. Tesla Raises Model X Price by $5,000 and Excludes Federal Tax Credit
   Tesla has raised the price of its Model X by $5,000 in the United States and is no longer eligible for the $7,500 federal EV tax credit. As a result, new Model X orders come with free supercharging for life.
   • Model X LR: $84,990
   • Model X Plaid: $99,990
3. Netherlands launches first four-hour battery energy storage system
   The first four-hour long battery energy storage system in the Netherlands has started operating. The system is powered by Tesla’s Megapack battery (10MW/40MWh) and is expected to be a significant turning point for sustainable energy storage and power supply.
4. Tesla Offers Model 30.99% APR Financial Benefits In Canada
   Tesla offers a 0.99% low-interest installment financing option for new Model 3 orders in Canada. The benefit applies to vehicles ordered by March 7, with deliveries due by March 31.
5. Nikola Motors to file for bankruptcy… earnings continue to deteriorate
   Nikola Motors, founded by Trevor Milton, is preparing to file for bankruptcy, according to the WSJ. According to a report for the quarter ended in September 2023, Nikola produced more than 80 trucks, but its net loss reached $200 million. Nikola, which had not sold a single truck before it went public in 2020, was convicted of its founder misleading investors about pollution-free technology.
6. Boeing Notifies Possible Cancellation Of NASA SLS Contracts… Preparing for dismissal
   Boeing notified employees that NASA may cancel its Space Launch System (SLS) contract. Currently, Boeing’s rocket contract is scheduled to end in March, and if the contract with NASA is not renewed, there is a possibility of a large-scale restructuring.
7. Polestar responds to EV tax credit uncertainty by offering $15,000 incentive
   Polestar determined that the $7,500 EV tax credit offered to U.S. EV buyers may not be a permanent benefit, so it announced measures to replace it. For a limited time, Polestar will offer $15,000 worth of “Polestar Clean Vehicle Incentive.”