NIO CFO Steven Feng said the automaker is “very confident” it will reach its target to double sales this year with 250,000 electric vehicles (EVs), according to a report from Bloomberg on Wednesday. Following the statement, NIO’s shares increased by as much as 8.6 percent in early trading hours in Hong Kong, marking a roughly […]
@Elon Musk says SpaceX is having some issues with Starlink’s V2 satellites, after @Nathan Owens spotted some unusual activity from the satellites including altitude changes and eccentric orbits on Thursday. In the thread, Musk noted that SpaceX was conducting some thorough testing of the satellites, after SpaceX launched its first round of V2 mini-satellites into […]
Back in January the Pwn2Own security conference announced Tesla would be a sponsor again for 2023. The conference offers cash prizes for white hat hackers to demonstrate live exploits, allowing companies such as Tesla to learn more about beefing up their software and hardware security. This year saw the addition of the Steam VM Escape category […]
Ford is expecting to lose $3 billion pretax on its electric vehicle (EV) division this year, according to statements from the company made on Thursday (via Reuters). The projected loss was shared during a mid-morning briefing on Thursday, with investors and analysts looking at Ford’s financial results from a new way of reporting them. Despite […]
Tesla has debuted an extended warranty option on its Model 3 and Model Y units, with the latter coming at a price of $2,000 and covering the vehicles for two years and 25,000 miles, whichever comes first, spotted by @BLKMDL3 on Tesla’s website. The Model 3 extended warranty option comes at $1,800 USD, while the […]
Tesla has informed employees that it expects to lose the full $7,500 federal tax credit for its cheapest electric car, the Model 3 Standard Range, due to the vehicle’s batteries being sourced from China, according to information obtained by Electrek. The tax credit program for electric vehicles, which came into effect in January, has led […]
The Information has exclusively reported that Badeel, a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), and Alpha Dhabi, an investment firm based in Abu Dhabi, are gearing up to participate in a multibillion-dollar funding round for Elon Musk’s SpaceX. Sources familiar with the investor discussions have revealed this development. SpaceX and Morgan Stanley, the […]
Tesla’s opening of a new Gigafactory in Monterrey, Mexico, could boost cross-border trade by as much as $15 billion per year, according to some officials and logistics experts, as detailed in a report from Freight Waves on Tuesday. One such official includes Martha Delgado Peralta, Mexico’s undersecretary of foreign affairs, who recently predicted the increase […]
On Tuesday, the National Highway Traffic Safety Administration (NHTSA) shared several documents that shed more light on Ford’s recent F-150 Lightning battery fire issue, as InsideEVs reports. Namely, the documents detail how the fire happened after Ford was forced to issue a recall for 18 of the 2023 model year electric pickup units. The specifics […]
NIO is set to open its first “NIO House” showroom in the Netherlands on March 23, according to a recent statement from the company’s general manager on its mobile app (via CnEVPost). The NIO House will be located in Rotterdam, the Netherlands’ second-largest city and a crucial port connection between several major regions of the […]
Tesla has been upgraded to blue-chip status by Moody’s Investors Service, which gave the company a “Baa3” long-term issuer rating on Monday (via Yahoo Finance). Blue chip status is given to companies that are valuable and well-established, indicating that the consultancy thinks Tesla is now investment-grade. Baa3 is the lowest rung on the Moody’s investment-grade […]
Tesla has aired a new video on its YouTube video to explain how Drag Strip Mode works on a Model S Plaid. Chris from Tesla Performance Engineering shared some key insights into how this feature works, which transforms the way Tesla Model S Plaid owners experience acceleration and speed on the drag strip. Drag Strip […]
The Boring Company recently filed a proposal with the city of Las Vegas that could double the size of the company’s underground tunnels, as detailed in a report from TechCrunch. Included in The Boring Company’s submission are expansions that would bring the Las Vegas loop to 65 miles of underground tunnels, with a total of […]
After announcing plans to unveil a new version of the Polestar 2 last week, the Volvo-owned automaker has officially dropped a limited edition variant of its flagship sedan. Polestar today unveiled a new limited edition version of the Polestar 2, dubbed the BST edition 230, that features chassis mods, 476hp, and a 4.2-second 0-60mph launch, […]
The General Motors-run autonomous vehicle company Cruise asked California on Monday for approval to broaden its testing region to the whole state, as reported by ABC News. The company has already been testing its self-driving cars in San Francisco, where it is headquartered, for more than two years now. While the GM-backed company hasn’t yet […]
