Biden invokes Defense Production Act to push domestic material sourcing for sustainable energy

President Joe Biden has invoked the Defense Production Act to push for the production of materials domestically. The Act, which has been pushed over fifty times since its establishment in 1950, will provide companies with funding to push the responsible domestic mining and processing of materials needed for sustainable energy. It was rumored earlier this […]

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Rivian expects ‘continuing losses’ for foreseeable future as it ramps production

Rivian Automotive said in a 10-K filing with the SEC earlier today that it expects “to incur significant expenses and continuing losses for the foreseeable future,” as it is a “growth stage” company. “We have incurred net losses since our inception, including net losses of $0.4 billion, $1.0 billion, and $4.7 billion for the years […]

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Faraday Future executives receive subpoenas from SEC, says it is ‘cooperating fully’

Faraday Future executives have been subpoenaed by the SEC, according to a filing from the automaker on Thursday. Faraday said certain members of the management team and employees received the subpoenas after its February 1 8-K filing with the SEC. “Subsequent to the February 1 Form 8-K, the Company, certain members of the management team […]

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Car rental company launches Tesla fleet in CA, NY, NJ with Model 3 for $995 per month

Kyte, a company that delivers rentable cars straight to your door, has announced the launch of its new Tesla subscription product. Available in San Francisco in California, Manhattan and Brooklyn in New York, and Jersey City, New Jersey, on April 15, the Model 3’s Long Range All-Wheel-Drive trim level will be available for customers to […]

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Tesla Autopilot and FSD Beta can be a remedy for drivers with PTSD — even in their imperfect state

It took Tesla owner Matthew Kerle a whole month to get behind the wheel of a car and drive on the highway once more. And when he did, things were not the same.  Just a few weeks before, Kerle was riding in his friend’s Pontiac Grand Am when the driver approached a sharp curve too […]

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