Tesla gets rare support from usually-critical Glass Lewis ahead of investors meeting

Proxy advisory firm Glass Lewis, which has exhibited a tendency to be critical of Tesla and its leadership, has extended a rare vote of support for the electric car maker’s executives. In a recent statement, Glass Lewis noted that it now recommends investors to vote in favor of the re-election of Chairwoman Robyn Denholm. This […]

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Report: Ford sees “insufficient scale” for its own battery factory to make sense

Several automakers are planning their own battery factories to support increased electric-car production, but Ford isn’t one of them. The automaker sees “insufficient scale” for its own battery factory to make financial sense, and will continue sourcin…

Tesla major shareholder Baillie Gifford cuts TSLA stake in ‘enforced’ reduction

Filings with the Securities and Exchange Commission have revealed that Edinburgh-based investment house Baillie Gifford, one of Tesla’s (NASDAQ:TSLA) largest institutional investors, has cut its stake in the company by 5% at the end of August. According to the investment firm, what transpired was an “enforced” reduction due to the sharp spike that TSLA stock […]

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Lucid unveils Air’s Dual-Motor, 1,080 HP powertrain and 9.9-second quarter mile

Lucid Motors has released details on the powertrain it will use for its first electric vehicle, the Air. Lucid will equip the vehicle’s top configuration with a Dual-Motor, All-Wheel-Drive powertrain that is capable of 1,080 horsepower. Additionally, the Air was able to complete consecutive quarter-mile runs at under 10 seconds. Lucid has developed the Air […]

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