Tesla ordered Cybertruck parts worth more than $227 million from Seoyon E-Hwa. The South Korean company confirmed the order recently. Seoyon E-Hwa is part of KOSPI or the Korean Composite Stock Price Indexes. KOSPI is a series of indexes tracking the overall Korean Stock Exchange. Seoyon E-Hwa manufactures automotive interior parts such as door panels, […]
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In a recent discussion at the Milken Institute’s Global Conference 2023, LinkedIn co-founder Reid Hoffman shared his reservations about Tesla CEO Elon Musk’s views on AI development. Musk, together with AI and tech leaders, have signed an open letter calling for a six-month pause on the development of artificial intelligence systems more capable than GPT-4. […]
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Stellantis signed a battery supply deal for nickel and cobalt sulfate with Alliance Nickel Ltd. The mineral supply deal may help Stellantis’ electric vehicles (EVs) in the United States meet the battery requirements for EV tax incentives under the Inflation Reduction Act (IRA). Alliance Nickel Ltd. and Stellantis entered into a binding offtake agreement for […]
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General Motors (GM) is eyeing the former site of The Palace of Auburn Hills in Michigan for a $200 million electric vehicle (EV) parts plant. The new Michigan factory is close to GM’s Orion assembly plant and will likely supply parts for the Silverado EV and GMC Sierra EV. “General Motors has identified the former […]
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Rivian tested its Dual-Motor powertrain on Alaska’s icy roads—and it looked like a blast. Rivian CEO RJ Scaringe shared a short clip showing an R1T with a Dual-Motor Powertrain skidding through ice and snow in Alaska. “The team out in Alaska, completing validation on our Dual-Motor powertrain, coming soon :)” tweeted Scaringe. The electric vehicle […]
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TSLA bull ARK Invest shared predictions for the potential launch date for Tesla’s robotaxi fleet. The global asset manager used its updated Monte Carlo model to provide a range of potential launch dates for Tesla’s robotaxi fleet. ARK Invest believes in the best-case scenario, Tesla’s robotaxi fleet will launch by Q4 2023. The worst-case scenario is […]
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Elon Musk’s Twitter has fully retired legacy blue checkmarks from users of its platform. With this change, those who wish to attain blue badges on their profiles will have to pay for Twitter Blue, an $8 per month subscription service. Elon Musk, however, has clarified on Twitter that he is personally paying for the blue […]
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The Queensland government has announced a significant increase in rebates for electric vehicles (EVs) in the state. The move is intended to accelerate the adoption of cleaner and more sustainable transportation. As noted in a report from The Driven, Queensland is increasing its EV rebate from $3,000 to $6,000. The state is also expanding the program’s […]
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One of Tesla’s biggest bulls, ARK Invest, has released its updated long-term guidance for TSLA stock. The investment management firm posted an average expected value for TSLA shares at $2,000 per share in 2027. ARK also posted its bull and bear cases, which were listed at $2,500 and $1,400, respectively. True to ARK’s reputation as […]
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Tesla partnered with Solar d in Thailand to bring the country the Powerwall, a home battery storage unit. The two companies teased the Powerwall’s arrival in Thailand last year. The Tesla Powerwall starts at 699,000 baht ($20,574.86). For comparison, the Tesla Powerwall costs $9,200 in the United States, specifically in New Jersey. According to Solar d’s order […]
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