Lucid Motors has officially announced the completion of its first phase of construction at its Advanced Manufacturing Plant (AMP-1) facility in Casa Grande, Arizona, and plans to begin the first production phase in Spring 2021. As the commissioning of production equipment and processes underway, Lucid looks to begin manufacturing its Dream Edition of the Air […]
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Tesla is looking to get a two-for-one with some of its Cybertruck reservation holders. An email to those who have preordered the all-electric truck from Tesla has revealed that it is encouraging them to lease one of the currently-available cars before accepting delivery of the Cybertruck in 2021 or 2022. The email was originally reported […]
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Tesla has made it clear to some prospective buyers that if they would like to take delivery of a new vehicle by the end of 2020, they should order their car by December 8th. According to some sales advisors who have contacted those interested in purchasing the company’s vehicles, Tesla recommends that an order be […]
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Tesla has won its long-standing feud with ex-Gigafactory employee Martin Tripp, who once broke trade-secret violations by telling reporters about delays in Model 3 production. Tripp will be responsible for paying the electric automaker the sum of $400,000, a court filing revealed on Monday evening. The settlement was apart of a proposed settlement that Tesla […]
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Tesla battery supplier LG Chem will double its cell production capacity over the next year to keep up with the growing demand for Tesla’s electric vehicles in China, a new report says. An exclusive report from Reuters states that sources familiar with the matter have talked about strategies moving forward to keep up with increasingly popular […]
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Elon Musk is being honored as the Industry Newsmaker of the Year by industry publication Automotive News, which recognized the Tesla CEO as one of the few people who found a way to gain momentum in a year that was challenging for the automotive industry. Tesla and SpaceX both have used 2020 as a year of […]
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Tesla (NASDAQ: TSLA) will be added to the S&P 500 Index at its Full Float Adjusted market cap, instead of in tranches, the S&P Global announced after the market closed on Monday. Tesla will officially join the S&P 500 Index in one movement, instead of in tranches as the Index stated it was considering before […]
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Tesla’s dominance in the automotive sector has proven to be one of the industry’s biggest surprises in its long and storied history. Because of the whirlwind of support that Tesla and its initiatives have received, along with the increasingly dominant numbers that the company displays quarterly, Tesla is undoubtedly the biggest influencer in the car […]
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Tesla has received federal approval to remove more trees from the property it owns in Brandenburg, Germany. The site, which is currently being used for the company’s European production facility, known as Giga Berlin, is under development. However, the automaker requested permission to remove trees from more of the property and received approval early this […]
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Shares of Nikola Motor Company (NASDAQ: NKLA) dropped by over 24% in early trading hours on Monday morning after General Motors signed a Memorandum of Understanding, or MOU, describing their partnership’s newly minimized terms. GM has completely backed out of the idea of helping Nikola produce its all-electric Badger pickup and will focus solely on […]
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