Elon Musk’s X platform received an inquiry from the United States House of Representatives regarding its actions in Brazil. “X just received an inquiry from the US House of Representatives regarding actions taken in Brazil that were in violation of Brazilian law. There were hundreds if not thousands. This is getting spicy,” Elon Musk said […]
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Tesla is considering a joint venture with Reliance, India’s largest conglomerate. Reliance would help Tesla build a manufacturing facility and the EV infrastructure in India. Elon Musk will meet Prime Minister Modi on April 22, 2024, in New Delhi, India. Following his visit, Musk is expected to announce more details on a potential Tesla factory […]
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A UBS survey on Tesla led the firm to predict more headwinds for the electric vehicle (EV) company in 2024. According to a note released on Tuesday, UBS believes slowing EV demand and rising competition from China would impact Tesla’s near-to-mid-term growth. “Given the survey results show [that] outside of China, a continued plateau in […]
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Elon Musk announced that SpaceX will provide free Starlink internet to schools in Brazil despite the Brazilian government’s decision to suspend all contracts with the company. In 2022, Elon Musk and the Brazilian government were in talks to bring Starlink services into the company. Musk met with Brazilian President Jair Bolsonaro that year. By May […]
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The Tesla Robotaxi will be unveiled on August 8, 2204. Elon Musk announced the unveiling after a report claimed that Tesla scrapped plans for its low-cost vehicle, otherwise known as the $25,000 car. Reuters recently reported that Tesla had canceled plans to mass-produce its low-cost car, driving TSLA stock down. The publication claimed that Tesla was […]
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Kia is prepared to fully invest in electric vehicles (EVs), despite growing concerns of slowing demand for EVs. During Kia’s CEO Investor Day event, the Asian carmaker announced plans to sell 3.2 million EVs in the global market in 2024. Kia ultimately aims to boost its global EV sales to 4 million by 2027 and […]
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Ford postponed the launch of at least two electric vehicles (EVs) to focus on hybrid production. The legacy automaker is delaying the launch of a three-row EV and its next-generation pure-electric pickup truck. This isn’t the first time Ford has postponed EV plans. In October 2023, the company postponed a ~$12 billion EV investment after noting that […]
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BYD plans to launch an electric pickup truck to compete against the likes of the Tesla Cybertruck and the Ford F-150 Lightning. According to the Chinese company’s announcement, it has developed a midsize-to-large pickup truck for the global market. BYD revealed photos of its first electric pickup truck, showcasing its general appearance. However, it did […]
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The Boring Company’s (TBC) Prufrock 3 has officially launched at Tesla Giga Texas. In a recent video by drone operator Jeff Roberts, The Boring Company’s Prufrock 3 tunnel boring machine (TBM) is seen partly underground, signaling that it has started digging toward Tesla Giga Texas. The TBM is porpoising or launching directly into the surface, […]
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Tesla Gigafactory Berlin is producing right-hand drive (RHD) cars for India. People close to the matter told Reuters that Gigia Berlin is preparing to export Tesla vehicles to India later this year. “The right-hand drive [Tesla] cars which will be allocated to India, [Giga Berlin has] started building them,” said sources. Tesla cars for the […]
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