DeLorean Motor Company has released teaser images of its first electric vehicle. The automaker announced it will unveil its new concept electric vehicle on Thursday, August 18 at the prestigious Awards Ramp at the Pebble Beach Concours d’Elegance. The company announced today that the sneak peek of its first electric vehicle will be on display […]
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Hertz Corporation announced today it had reached and announced a new global partnership with Sweden’s Polestar to purchase up to 65,000 vehicles over five years. Hertz will now offer the Polestar 2 after bringing on Tesla’s Model 3 and Model Y into its rental fleet late in 2021. “We are excited to partner with Polestar […]
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Tesla, Inc. announced this morning that it delivered 310,048 vehicles during 2022’s first quarter, marking yet another record for deliveries in a three-month span. “In the first quarter, we produced over 305,000 vehicles and delivered over 310,000 vehicles, despite ongoing supply chain challenges and factory shutdowns,” Tesla said in its release. “Tesla will post its […]
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Following Joe Biden’s invoking of the Defense Production Act yesterday, nickel expert Trent Mell is commending the President’s decision to surge the domestic production and sourcing of electric vehicle materials. Speculation early in the week indicated President Biden was considering using the Defense Production Act for the second time in his presidency to help domestic […]
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United States Labor Secretary Marty Walsh said during a recent conversation with Tesla frontman Elon Musk, the CEO reiterated he was not opposed to unionizing the electric automaker’s workforce if employees showed interest. “We had a good conversation,” Walsh said in an interview with Yahoo! Finance Live. “We talked about the economy and manufacturing. We talked […]
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Tesla is set to announce another record quarter in terms of deliveries of its all-electric vehicles. A new report suggests the electric automaker will benefit from skyrocketing gas prices, which have increased vehicle orders for Tesla over the past few months. Analysts surveyed by Bloomberg suggest Tesla will report delivery figures of around 309,158 cars globally, […]
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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 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 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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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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