Ford reports strong Q2 and raises 2021 outlook, 120k F-150 Lightning reservations

Ford Motor Company (NYSE: F) reported a better-than-expected second quarter on Wednesday, recording positive earnings per share but slightly missing Wall Street’s consensus for automotive revenue. However, the company raised its Full-Year 2021 expectations following the profitable quarter, indicating that it is selling more expensive vehicles more often. Additionally, Ford updated shareholders on the progress […]

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EV charging to receive $7.5 billion in Bipartisan Infrastructure Deal: White House

The White House detailed the breakdown of the $550 billion Bipartisan Infrastructure Deal, including a $7.5 billion cut to fund the manufacturing and installation of electric vehicle charging stations. It would be the first-ever national investment into EV charging infrastructure in the United States and could accelerate the U.S. EV market share to be on […]

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Rivian trademarks the names of six future all-electric models

Rivian is preparing for the introduction of six new all-electric pickup trucks and SUVs that will be released in the coming years. The trademarks for the R3S, R4S, R5S, R3T, R4T, and R5T were all submitted by Rivian to the United States Patent and Trademark Office on July 23rd. Rivian has already had the trademarks […]

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Tesla to hold Plaid Model S Team Appreciation Event at Fremont Factory

Tesla is planning to hold an Appreciation Event at the Fremont Factory in Northern California on Thursday, July 29th, 2021, documents obtained by Teslarati show. Earlier this year, Tesla announced the launch of the Plaid Model Model S, a revamped and refreshed version of the company’s flagship electric sedan. CEO Elon Musk announced in January that […]

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Tesla co-founder’s battery recycling firm gets a cushy $700M investment round

Redwood Materials, a battery recycling company founded by Tesla co-founder J.B. Straubel, has announced a $700 million investment round from external investors. The round was led by funds and accounts advised by T. Rowe Price Associates, Inc., and includes contributions from Goldman Sachs Asset Management, Baillie Gifford, Canada Pension Plan Investment Board, and Fidelity. Additionally, […]

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Tesla’s retail strategy set to change for the third time in three years

Tesla is set to change its retail strategy for the third time in three years. The automaker has relied on retail showrooms in shopping malls in high-end locations, but this is set to change. Additionally, Tesla may be remotely managing test drives and deliveries, moving to a more virtual setup instead of spending money on […]

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Ford announces ‘Ion Park’ for electric vehicle battery production and research

Today, Ford Motor Company announced that it will establish Ford Ion Park, an electric vehicle battery cell production and research and development facility. The Michigan automaker will stay in its home state for this new project, launching the site in Romulus, MI, keeping with its 2010 announcement to make the state Ford’s center of excellence […]

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Tesla price targets move as analysts unravel massive Q2 earnings beat

Following Tesla’s (NASDAQ: TSLA) second-quarter Earnings Call that took place on Monday evening, analysts tasked with following the automaker’s stock have revised their price targets, working to unravel the massive beat that the company reported. Here is a quick rundown of what a few analysts are saying and how their outlook of the stock has […]

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Tesla’s Bitcoin investment has been a rollercoaster ride of gains and losses

One of the ultimate joyrides as a human is riding a rollercoaster. The anticipation of sitting in the train, waiting for dispatch as you slowly climb up the first gigantic hill, all for the anticipation to break. Suddenly, you’re falling down a 200+ foot drop, awaiting the next rise, which will unequivocally result in another […]

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Elon Musk not attending Tesla Earnings Calls is not a bad thing

Tesla CEO Elon Musk joined the likes of Apple’s Steve Jobs and Amazon’s Jeff Bezos as CEOs who will not regularly attend their company’s Quarterly Earnings Calls. While it came as a shock and disappointment to many, it is not necessarily a bad thing, especially considering Musk has more than secured himself as a CEO […]

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