Lucid Motors to Go Public in Merger with Churchill Capital Corp IV with $24B valuation

Luxury electric vehicle start-up Lucid Motors and Churchill Capital Corp IV (CCIV) have entered into a definitive merger agreement. CCIV and Lucid are combining at a transaction equity value of $11.75 billion. The transaction values Lucid at an initial…

Tesla Cybertruck Hot Wheels RC leaves production hell, starts deliveries

Hot Wheels’ limited edition Tesla Cybertruck RC deliveries may be kicking off soon. It seems like Mattel and Tesla are both determined to produce Cybertrucks this year. A Cybertruck RC reservation holder, @tesla_master, shared photos of the Hot Wheels version of the Tesla pickup truck via Twitter recently. The images suggest that the deliveries for […]

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Tesla Solar Roof gets Europe and Canada expansion estimate

Tesla Solar Roof’s international expansion to Canada and Europe seems set for later this year based on a recent Twitter reply from Elon Musk. The Tesla CEO was hopeful that Solar Roof installations would expand internationally by the end of 2021. At the beginning of 2020, Elon Musk seemed excited about ramping the Solar Roof. […]

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