Elon Musk has requested that a shareholder class action lawsuit be transferred from San Francisco, California, to West Texas. Musk’s legal team has argued that the CEO believes there is a lack of unbiased jurors in the Bay Area. Elon Musk and other Tesla board members are facing a lawsuit that alleged that the CEO […]
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The natural gas industry in Ohio has gained a victory of sorts after Governor Mike DeWine signed legislation that allows for a broader expansion of drilling for oil and gas in state parks. The bill, which has been very controversial, also defines natural gas as a source of “green energy.” A state law from 2011 […]
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An Italian EV startup called Automobili Estrema has launched a 2000+ horsepower EV hypercar that will take on the Nurburgring later this year. Perhaps one of the most fascinating battles within the car world over the past few years has been the battle for the EV lap record at the Nurburgring. Manufacturers have pushed their […]
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CATL is continuing to expand battery production in China as it looks to maintain its grip on the battery cell market. As many national governments, notably the United States, have looked to challenge China’s chip and battery production dominance, the collateral damage has been the Chinese battery supplier CATL, which still holds the position of […]
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Update 11:51 AM ET: paragraph 9 updated for accuracy The Tesla Model Y broke into the list of the Top 10 best-selling vehicles in the United States, data shows. With 252,000 units sold in the United States in 2022, the Tesla Model Y was the sixth-best-selling vehicle in the American automotive market. Data firm Motor […]
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Tesla customers in China have been spotted protesting what they deem a missed discount on their vehicle purchases. In the final months of 2022, Tesla stimulated sales globally by offering discounts on popular models. These discounts often came with the caveat that customers must pick up the vehicle before the end of the year. But […]
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The stocks of German luxury automakers, including Mercedes, Porsche, and BMW, have remained strong in recent months despite numerous disruptions. Say what you will about Tesla stock, but over the past year, the one thing it has been, is volatile. The Tesla stock observes multiples of the movements of other legacy automakers, but it hasn’t […]
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The upcoming Volvo EX90 electric SUV has been shown in detail via a new video posted on Youtube today. Volvo is one of a select few legacy brands dedicated to quickly electrifying its lineup. It started with hybridization a few years back, and now the brand has begun introducing its lineup of fully electric vehicles. […]
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Tesla received at least four massive packages from IDRA today at Gigafactory Texas for its Giga Press. As Cybertruck production nears, IDRA’s machinery, which has been used by Tesla for automotive manufacturing, the automaker could be preparing to gear up for the first builds. Gigafactory Texas drone operator Joe Tegtmeyer posted pictures of several haulers […]
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Volvo Cars reported its electric vehicle sales share increased by 7.1 percent in 2022 compared to 2021. In 2022, Volvo sold 615,121 cars for the full year, which was a 12 percent decrease compared to 2021. However, EV sales increased to 10.9 percent of Volvo’s total sales for the year, a significant increase from the […]
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