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 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 […]
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 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’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 Full Self-Driving (FSD) Beta testers now get a two-week suspension from the program for striking out instead of waiting for their strikes to be reset with a future software update (via Reddit). The change comes in FSD Beta version 10.69.25.1, which started rolling out with software update 2022.44.30.5 last month. “For maximum safety and […]
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 […]
Update Jan. 4: It appears this filing was not made by Tesla, but instead by a fan of the company named Jerome Eady, reports Bloomberg: When reached Wednesday via telephone, Eady said he intended to help the company by filing the application proactively after Chief Executive Officer Elon Musk said its Cybertruck may be usable […]
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 […]
The U.S. Internal Revenue Service (IRS) has invited public comments on the eligibility criteria for electric vehicle (EV) tax credits under President Joe Biden’s recently-signed Inflation Reduction Act (IRA). 💥 Make your voice heard! The period for written public comments on the IRA EV Tax Credit is open. Tax subsidies should be an even playing […]
SpaceX is raising $750 million USD as part of a new round of investment that puts the private company’s valuation at a whopping $137 billion — reports CNBC. The news comes just a couple of months after SpaceX CEO Elon Musk denied reports of the company planning to raise funds at a valuation of over […]
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 […]
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 […]
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 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 […]
