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 […]

Tesla’s insurance data in China going into the third week of March shows gradual increases leading up to the end of the first quarter, as spotted and shared by @Tslachan on Monday. During the week of March 13-19, 18,712 Tesla vehicles were registered for insurance, up from 17,032 in the week prior and just 13,266 […]

Koji Sato emphasizes the importance of hydrogen alongside electric vehicles in the company’s future. Toyota’s incoming CEO Koji Sato has announced that hydrogen will play a significant role in the company’s carbon neutral strategy, alongside a stronger focus on electric vehicles. Sato aims to expand hydrogen infrastructure and its applications across various industries by the […]

After Tesla cut Model 3 prices in January, the entry version in Canada again qualified for the federal Incentives for Zero-Emission Vehicles (iZEV) rebate of $5,000 CAD. The latest data from Transport Canada shows there were just 2 cars from Tesla in January that gained the iZEV rebate. In February, this number surged to 1,777 […]

Hyundai’s head of European operations Michael Cole says the company is surprised at the success of the Ioniq 5 electric vehicle (EV), according to a report this week from Autocar. The Ioniq 5 is the first in Hyundai’s series of models based on the E-GMP powertrain architecture, with the automaker launching the Ioniq 6 sedan […]

Flo, an electric vehicle (EV) charging company, is boosting its investment into new technologies with a $23.8 million CAD ($17.4 million USD) investment into developing Level 2 chargers and ultra-fast charging hardware, according to a report from Automotive News Canada. The chargers are expected to hit the market in 2024, though the company has not […]

Tesla and CEO Elon Musk’s plans to cut costs by 50 percent on its next-generation platform bring to light new questions for legacy automakers looking to catch up in the emerging electric vehicle (EV) sector. Namely, experts expect Tesla to gain access to thousands in cost advantages over its rivals, all while competitors attempt to […]