Testing Tesla Vision Park Assist vs Tape Measure [VIDEOS]

A video shared by @EVBaymax on Thursday shows just how accurate Tesla’s Vision Park Assist feature is, after verifying the in-car distance with a tape measure. In the video, you can see the user’s park assist screen displaying a distance of 18 inches between the vehicle and the nearby curb. When EVBaymax gets out to […]

Tesla Launches Safety Score Beta 2.0 with Added Scoring Factors

Tesla has unveiled its Safety Score Beta version 2.0, as detailed on its website, including additional safety factors that help predict a driver’s overall score. Version 2.0 of the Safety Score beta includes two new safety factors that the score takes into consideration: Excessive Speeding and Unbuckled Driving. On the former, Tesla says that safety […]

Starlink Approved in Pakistan After Meeting Between SpaceX and Officials

Federal Minister of IT and Telecommunication announces Starlink’s registration with SECP. SpaceX’s Starlink, a satellite internet service provider, is set to revolutionize Pakistan’s internet landscape by offering high-speed, affordable connectivity across the country. The news comes after a meeting between the Global Director of SpaceX, Ryan Goodnight, and the Federal Minister of IT and Telecommunication, […]

NIO ‘Very Confident’ it Will Meet 250,000 Sales Forecast This Year

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 […]

Ford Expects $3 Billion in Pretax EV Losses in 2023 [VIDEO]

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 […]

SpaceX to Get Multi-Billion Funding Round from Saudi Arabi and Abu Dhabi: Report

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 […]