Lordstown Motors announced today it promoted several of its executives, continuing to mix up its front office in preparation for the production of the Endurance all-electric pickup. Daniel Ninivaggi, who assumed the role of CEO after Steve Burns was relieved of his duties, has been elected to serve as Lordstown’s Executive Chairman of the Board. […]
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Twitter responded to Elon Musk’s letter, which outlined the reasons for terminating his $44 billion deal with the social media company. Twitter claims Musk’s decision to break off the merger agreement is “invalid and wrongful.” “Mr. Musk’s and the other Musk Parties’ purported termination is invalid and wrongful, and it constitutes a repudiation of their […]
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Elon Musk announced that Tesla’s next software update would give drivers the ability to adjust the activation temperature of the automatic Cabin Overheat Protection feature. The Cabin Overheat Protection feature is a climate control system available in Tesla vehicles. The feature can reduce the cabin’s temperature in extremely hot conditions for several hours. According to […]
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A SpaceX Super Heavy booster was rocked by a substantial explosion and subjected to multiple fires at the launch pad during the rocket’s latest round of testing. As of 9 pm CDT, July 11th, the fate of the upgraded Super Heavy – known as Booster 7 or B7 – is leaning towards survival but and […]
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Tesla’s partnership with Hertz has expanded to sixteen new cities, including Boston, Las Vegas, New York City, Philadelphia, and San Diego, among many others. Tesla and Hertz struck a non-signed deal late last year that would see 100,000 all-electric vehicles from the Elon Musk-headed company make their way to the rental agency. Since then, Tesla […]
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Nikola Corporation (NASDAQ: NKLA) announced today that it will report its Q2 earnings on Thursday, August 4, 2022. The call will take place at 9:30 a.m. ET, or 6:30 a.m. PT. In one of the more dramatic turnarounds in terms of an electric vehicle maker in recent memories, Nikola has gone from nearly bankrupt and […]
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Rivian Automotive will cut around five percent of its workforce in areas where it has grown too quickly, according to a report from Bloomberg. Rivian is continuing to hire new employees, however, according to numerous LinkedIn postings from the same day it reportedly stated it would begin reducing its headcount in other areas. Citing people familiar […]
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Rivian Automotive (NASDAQ: RIVN) announced earlier today that it would hold its second quarter 2022 Earnings Call on August 11, 2022, after market close. “Rivian will host an audio webcast to discuss its results and provide a business update at 2:00 p.m. PT / 5:00 p.m. ET the same day. The live webcast will be […]
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The Rimac Nevera all-electric hypercar has four motors, a 120-kilowatt-hour battery, and a $2.1 million price tag. New certifications of the vehicle from the Environmental Protection Agency and California Air Resource Board now give the Nevera a new metric: range, and it sits at 287.28 miles per charge, according to the documents. Rimac’s humble beginnings […]
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Tesla China may have encountered a lot of challenges in the second quarter, but the company seems extremely intent on bouncing back with a vengeance this Q3. Initial hints of these efforts were observed recently when drone videos taken at the Luchao Port, about 6 kilometers away from Giga Shanghai, showed a massive fleet of […]
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