Lucid Stock Drops 18% as Q4 Revenue Falls Short of Expectations

Electric vehicle (EV) startup automaker Lucid Motors held its fourth-quarter earnings call on Wednesday, in which its reported revenue failed to meet its own expectations for 2022, as reported by CNBC. The automaker finished the year with roughly $4.4 billion in cash, and around $500 million available through lines of credit which it expects to […]

Watch: Tesla Engineering HQ Grand Opening Event with Elon Musk [VIDEO]

Earlier on Wednesday, Tesla CEO Elon Musk and California Governor Gavin Newsom jointly announced the automaker’s new global engineering headquarters, located in Palo Alto. Tonight, Musk kicked off a grand opening party at the new global engineering headquarters, the original site owned by computer company Hewlett Packard. “Welcome to the grand opening of Tesla engineering […]

SpaceX Changing Starlink Residential and RV Pricing for U.S.

SpaceX has made changes to pricing on its Residential service plans, with each change being dependent on local capacity for the service, as seen in an email sent to one Reddit user on Wednesday (via @Nathan Owens). Per the email, Starlink’s service will increase in price by $10 to $120 per month in areas with […]

Tesla Announces Engineering Headquarters in California [VIDEO]

Tesla and California have just announced that Elon Musk’s automaker has announced a new worldwide engineering headquarters in the state. “There’s a lot to be excited about,” said Governor Gavin Newsom, standing alongside Tesla CEO Elon Musk during the announcement. Tesla is taking over office space in Palo Alto previously occupied by Hewlett Packard. Tesla […]

Tesla Cybertruck Spotted with Lifted Air Suspension [VIDEO]

Ahead of the long-awaited Tesla Cybertruck, one new sighting of the vehicle’s prototype has surfaced showing off the vehicle’s impressive air suspension. A video walkaround of the Tesla Cybertruck was shared on the Cybertruck Owners Club website on Wednesday, showing the futuristic electric pickup at what appears to be maximum air suspension height. The Cybertruck […]

NASA Delays SpaceX Crew-6 Mission to February 27

NASA on Wednesday announced that it is delaying SpaceX’s Crew-6 Mission Launch to February 27, expected to take place at 1:45 a.m. Eastern Time. The Crew-6 mission will lift off from the Kennedy Space Center in Cape Canaveral, Florida, with live coverage beginning on Sunday at 10 p.m. Eastern Time. UPDATE: NASA's @SpaceX #Crew6 mission […]

2023 Hyundai IONIQ 6 Pricing in U.S. Starts at $41,600

Hyundai released 2023 IONIQ 6 pricing for the U.S. today, with the electric vehicle starting from $41,600 USD for its SE Standard Range trim, set to launch this summer. The vehicle looks to rival the Tesla Model 3. There are 7 total trims for the 2023 IONIQ 6, with Hyundai saying dealerships will get most […]

Tesla Model 3 Pricing Now $5,000 Cheaper than Average New Car in U.S.

With Tesla’s electric vehicle (EV) prices lower than ever following recent price reductions, some are asking if the company has finally reached price parity. Tesla’s price cuts have the Model 3 selling for $4,930 less than the average new vehicle in the U.S., according to new data in a report from Bloomberg. Tesla cut prices […]

NIO Plans to Build 1,000 Battery Swap Stations in China This Year

Chinese electric vehicle (EV) automaker NIO announced plans to build as many as 1,000 battery swap stations across China in 2023, according to statements from Founder William Li on Tuesday (via Reuters). NIO plans to build 600 of the battery swap stations in urban areas, especially in the country’s third- and fourth-tier regions, while the […]

Tesla Signs Graphite Deal with Australia’s Magnis Energy

Australian graphite developer Magnis Energy announced in a press release on Tuesday that it signed a binding contract with Tesla over the supply of battery anode materials for three years starting in February 2025, as reported by Reuters. The news comes as many electric vehicle (EV) manufacturers are eagerly searching for suppliers of key minerals […]