Tesla has officially released its Q2 2020 Quarterly Safety Report, indicating that the company’s Autopilot functionality and driving assistance features are safer than cars that operate without it. The company reported that it registered one accident for every 4.53 million miles driven in which drivers had Autopilot engaged. This marks the second safest quarter in […]
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Tesla’s (NASDAQ: TSLA) lease-backed bonds have quickly been bought up by the company’s enthusiasts and long-term investors, and the electric automaker was able to borrow its $700 million loan at a cheaper level than anticipated initially. Earlier this week, Teslarati reported that Tesla would use leases of its Model S, Model 3, and Model X vehicles […]
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Xpeng Motors is looking to rally around $300 million in funding prior to its United States’ initial public offering (IPO), sources said. Of the companies and investors who are looking to get involved in the funding round, one of the most notable is the Qatar Investment Authority (QIA), which is the country’s sovereign wealth fund. […]
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The Tesla Model 3 maintained the top spot on the Global Top 20 Electric Vehicle sales list in June, while the Model Y joined the list for the first time. The Model 3 has remained the most popular electric vehicle for all of 2020, maintaining more than 15% of the total market share of battery-powered […]
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At long last, SpaceX’s fifth Starship prototype has successfully ignited its lone Raptor engine in a test known as a static fire, paving the way for the first flight of a full-scale Starship as early as this weekend. After almost three weeks of delays and several aborted attempts, SpaceX managed to fix a variety of […]
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Mercedes-Benz was spied testing its yet-to-be-released EQS long-range electric vehicle against Tesla’s flagship Model S, a vehicle that has arguably become the gold standard when it comes to the electric car to be benchmarked against. Outfitted with a familiar camouflage wrap to conceal some of its exterior features, the EQS was spotted with a Tesla Model 3 […]
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Neuralink’s Elon Musk hinted toward some of the possible developments of the company’s August 28th event, which will give updates on the progress engineers have made toward developing State-of-the-Art neurological technologies. Of these updates, Musk stated that the August 28th event would show a real-time demonstration of neurons in the human brain firing. One of […]
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Volkswagen’s Dieselgate scandal has tarnished the German automaker in more ways than one. This week, however, the Federal Trade Commission issued a press release stating that Volkswagen has successfully returned more than $9.5 billion in compensation to car buyers who purchased the company’s “clean diesel” vehicles because of an advertising campaign. The FTC announced that […]
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Tesla’s safety features are under investigation by the transportation ministry in South Korea. Specifically, the braking, steering, and Autopilot systems present in the Model 3 are being targeted for review, according to ministry officials, reported by Reuters. Tesla is also said to be cooperating in the process that could take 6-12 months to complete. This news […]
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Tesla’s 2170 battery cells will increase in energy density by 20% in five years, the head of Panasonic’s U.S. EV battery business said. Panasonic supplies Tesla with the cells for its mass-market Model 3, which was manufactured for the first time in 2017. Additionally, Panasonic will work to commercialize a cobalt-free version of its batteries […]
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