Stories by Nehal Malik

Elon Musk Files to Move Trial Over 2018 ‘Funding Secured’ Tweet to Texas

Elon Musk on Friday filed a motion to move his upcoming securities-fraud trial over his 2018 tweets about having “funding secured” to take Tesla private from San Francisco to Texas, where the company is now headquartered — reports The Wall Street Journal. The Tesla CEO alleged that potential jury members in California have been biased […]

General Motors Joins Tesla in Urging IRS to Reconsider EV Tax Credit Eligibility

General Motors wants the U.S. Treasury to reconsider its eligibility criteria for electric vehicle (EV) tax credits available under President Joe Biden’s recently-signed Inflation Reduction Act (IRA) — reports Yahoo Finance. The news comes after the Treasury and the Internal Revenue Service (IRS) did not classify GM’s all-electric Cadillac Lyriq as an SUV, denying it federal EV […]

Tesla’s 3rd-Largest Individual Shareholder Turns Against Elon Musk

Leo KoGuan, Tesla’s third-largest retail shareholder who claims to have invested more than $3 billion USD in the electric vehicle (EV) company, has turned against CEO Elon Musk and is urging the board of directors to limit the eccentric entrepreneur’s influence (via TheStreet). KoGuan’s outlook towards Musk soured in recent weeks as Tesla has taken […]

Mercedes-Benz Unveils ‘Global’ Charging Network to Rival Tesla Superchargers

Mercedes-Benz announced plans for a “global” high-power charging network at CES 2023 this week. While the company has previously partnered with charging network operators like Canada’s FLO for electric vehicle (EV) charging in the past, its newest plans are for Mercedes-Benz branded chargers. Mercedes-Benz will start establishing its charging network this year in North America […]

Tesla Model S Plaid Named Fastest 0-60 mph Electric Car by MotorTrend

Tesla’s 2021 Model S Plaid has been named the fastest electric car to go from 0-60 mph by automotive publication MotorTrend in its recent roundup of the top 10 fastest-accelerating electric vehicles (EVs) it has ever tested. “The 2021 Tesla Model S Plaid is the fastest EV, and the fastest car for that matter, we’ve ever […]

Tesla Details its Economic Impact on California

Tesla today outlined its economic footprint in California as part of a new blog post. Since its inception 20 years ago, Tesla has grown to become the Golden State’s largest manufacturing employer, with 47,000 direct employees as of 2022. California is home to Tesla’s Fremont factory — which last year became the highest-yield automotive plant […]

Tesla Achieves European Sales Record in Q4, Surging 70% Year-Over-Year

Tesla sold a record 92,000 electric vehicles (EVs) in Europe during the fourth quarter of 2022, representing a 77% gain from the previous quarter and a 70% increase year-over-year from the same quarter in 2021 (via @piloly). The numbers from Europe for December are now in and @Tesla has, as expected, achieved a significant new […]

Tesla Amends Lithium Supply Deal with Australia’s Piedmont

Piedmont Lithium Inc., an Australian lithium mining company headquartered in North Carolina, has amended its deal with Tesla to supply the electric vehicle (EV) maker with spodumene concentrate (SC6) — reports MarketWatch. Spodumene is a mineral that contains lithium, an integral component of the lithium-ion batteries used in EVs. In 2020, Piedmont struck a deal to […]

Tesla Fined $2.2 Million in South Korea for Alleged False Advertising

South Korea’s antitrust watchdog has announced a 2.85 billion won (about $2.2 million USD) fine on Tesla for alleged false advertising — reports Reuters. According to the Korea Fair Trade Commission (KFTC), Tesla failed to disclose the shortened driving range of its electric vehicles (EVs) in lower temperatures in its promotional materials. The regulator has […]

800 SpaceX Starlink Kits Have Entered Iran, Says Official

About 800 SpaceX Starlink terminals have entered Iran since the service was activated in the country back in September — reports Iran International. Mehdi Mohebi, head of the Tehran Telecom Traders Union, told the publication that the number came from an unnamed “official.” The news comes a little over a week after SpaceX CEO Elon […]

Tesla’s Giga Shanghai Chief Promoted to Global Sales Role: Report

Tesla has promoted the head of its Chinese operations, Tom Zhu, to manage all of the electric vehicle (EV) maker’s factories in the U.S., along with sales operations in both North America and Europe — reports Reuters. According to the publication, the executive change was detailed in an internal posting of reporting lines. As outlined […]