German officials have stated that the Tesla Giga Berlin facility is ready for a dramatic production ramp during a meeting with the IG Metall labor union. German officials from the state of Grünheide met this morning with representatives of IG Metall, a labor union representing metal workers in Germany, regarding the Tesla Giga Berlin facility. […]
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Elon Musk has been poking fun at the World Economic Forum (WEF) for several weeks now. The event, which takes place every year at Davos, involves some of the world’s most influential individuals and is focused on issues such as climate change. In December, Elon Musk noted that he was invited to the conference, but […]
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Tesla’s massive price cuts to the entire S3XY lineup in several markets across the globe practically sent shockwaves through the electric vehicle sector. Some rivals such as Xpeng Motors in China have opted to respond to Tesla with their own round of price cuts. Vietnamese EV maker VinFast, which is also looking to expand its […]
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When Ford unveiled the F-150 Lightning, the company made it a point to highlight just how much utility the all-electric pickup truck could provide. This was thanks to the Lightning’s numerous features, such as its 14.1 cubic-foot frunk, which, if recent posts from owners are any indication, actually have a surprisingly practical use. Even among […]
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Amidst its stock’s 65% drop last year, Tesla has fallen out of the top 10 holdings of a $1.3 billion South Korean electric vehicle mutual fund for the first time. Korea Investment Management Co. noted that it had reduced its exposure to Tesla to less than 2% of its electric-vehicle mutual fund’s net asset value. […]
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Well-loved EV startup Arcimoto, which produces “ultra-efficient, affordable electric vehicles,” has warned of a potential bankruptcy in a recent filing. The company also noted that it had idled its factory in Eugene, Oregon because it was almost out of funding. In its filing, Arcimoto noted that it is looking to sell 4,000,000 shares of common […]
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Shell has acquired the EV charging network Volta charge, which could massively expand the Shell Recharge network in the United States. While Shell is well known in the U.S. for its line of gas stations, it is less known for its EV charging network, Shell Recharge. Currently, Shell Recharge is more commonly found in the […]
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Ford has announced a brand new solar power plant at its Valencia, Spain production location, following similar moves from the likes of Tesla and Mercedes. As automakers have realized the benefits of renewables in reducing the cost of manufacturing, many have invested in massive energy projects alongside their production locations. Tesla has famously implemented solar […]
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Tesla’s mass-market Model 3 and Model Y are the company’s two most affordable vehicles. With new price cuts the automaker has introduced, along with several of the models’ trims qualifying for new incentives through the qualification of the Inflation Reduction Act, both the Model 3 and Model Y are reaching new addressable markets. Over the […]
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Wyoming’s Senate Joint Resolution 4 (SJ4), a bill that encouraged a ban on the sale of electric vehicles by 2035, fell yesterday before garnering any real momentum. Wyoming Senators Jim Anderson, Brian Boner, Ed Cooper, Dan Dockstader, Representatives Donald Burkhart, Jr, and Bill Henderson sponsored a bill that encouraged the preservation of the oil and […]
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