The Wall Street Journal is standing by its allegations that Elon Musk had an affair with Google co-founder Sergey Brin’s former wife Nicole Shanahan. This was despite Musk’s efforts to debunk the story, as well as Shanahan’s lawyer describing the report as false and defamatory. This past weekend, The Wall Street Journal came out with an expose alleging […]
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The German government announced on Tuesday its new plan of financial incentives for electric vehicle purchases. Drivers will no longer receive the same amounts they did previously for purchasing electric cars, as Germany announced it would reduce the amount of money it gives consumers for switching to sustainable powertrains. German politicians said in December that […]
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Tesla supplier LG Energy Solution noted on Wednesday that it is looking at potential sites for a dedicated battery plant in Europe. The company also stated that it would ramp up its battery production activities in Asia outside China, especially amidst the country’s ongoing Covid-related challenges. LG Energy Solution is among the electric vehicle sector’s […]
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When Tesla finishes Giga Shanghai’s upgrades, the factory will have the capacity to produce around 3,000 vehicles per day. Giga Shanghai is also expected to introduce a third shift of workers to the factory. Tesla China estimates that recent upgrades to the production lines increased the factory’s capacity. In addition to a third shift, the […]
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Tesla announced it has launched a new, in-house Shareholder Platform, which will allow shareholders to participate in events and access exclusive features. This morning, Tesla Tweeted that it was launching a new Shareholder Platform to allow $TSLA investors to participate in Tesla events and “hear more updates soon.” We’re launching the Tesla Shareholder Platform — […]
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Tesla CEO Elon Musk’s legal team has filed a letter to the Delaware Chancery Court, alleging that Twitter is engaging in unnecessary pretrial delays. The letter is addressed to Chancellor Kathaleen McCormick, who would be deciding the case between Musk and the social media company. The legal battle between Twitter and Musk initially seemed to […]
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Volkswagen of America announced earlier today it has started production of its flagship electric vehicle in the United States, the ID.4, at its factory in Chattanooga, Tennessee. “We’re just starting to write a new chapter for Volkswagen in America, and it is very much an American story,” Thomas Schäfer, Chairman of the global Volkswagen brand, […]
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General Motors (NYSE: GM) reported its earnings for the second quarter of 2022 this morning. The automaker stated that its net income sank 40 percent during Q2 compared to the same quarter in 2021 due to major parts shortages and production bottlenecks. The Detroit-based GM remains committed to its outlook for the full year, affirming […]
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Just recently, GM CEO Mary Barra stated that the veteran automaker can still outsell Tesla in the United States’ electric vehicle market by the middle of the decade. This target is ambitious, but GM seems quite serious about its EV efforts nonetheless, with the company recently announcing that it has secured enough cathode active material […]
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Tesla’s apparent nickel plans in Indonesia have met a challenge from environmental groups urging the Texas-based electric vehicle maker to reconsider its plans to invest in the country’s nickel industry. According to the groups, Tesla’s support for Indonesia’s nickel mining could result in more damage to the country’s environment. The environmental groups expressed their arguments […]
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