Ford Reports $3.1 Billion Loss in Q1, Due to Rivian Investment
Ford, an early backer of Rivian, posted a $3.1 billion loss, due to the EV startup’s shares sliding since its November IPO, according to CNN. Ford invested around $500 million into Rivian, and while the EV automaker was technically one of the most valuable automakers even before reporting any sales, the startup’s stock has been […]
Solar Panels Coming Together at Tesla’s Gigafactory Texas [VIDEO]
Tesla’s solar panels at its Gigafactory Texas are starting to come together, as seen in a new 4K drone video from Jeff Roberts shared on Wednesday. The shots span the entire length of the outside of the factory, showing the solar panels from afar. In February, it was discovered that Tesla’s Giga Texas solar panels’ […]
2022 GMC Hummer EV Sold for $260,420–More Than 2x the Sticker Price
The first round of reviews for the GMC Hummer electric vehicle (EV) hit the web this month, with some of them even selling for as much as $250,000. Bidding wars over GMC’s Hummer EV saw two of the electric pickups selling for over $250,000 each, one of which sold for $260,420, according to electrek. The […]
Tesla Model Y Gets $21,000 in Startech Aftermarket Mods [VIDEO]
As Tesla’s electric vehicles (EVs) become increasingly popular in the years to come, so too do the amount and quality of aftermarket kits for upgrading them. Last week, duPont Registry shared a video review looking at the various different elements of a Startech aftermarket parts kit, which shows modifications to the vehicle’s exterior body and […]
Elon Musk Wins Trial Over Tesla’s $2.6 Billion Acquisition of SolarCity
Elon Musk has won a shareholder lawsuit over Tesla’s $2.6 billion acquisition of SolarCity, reports CNBC. On Wednesday, a Delaware court ruled in Musk’s favour, as the lawsuit alleged the Tesla CEO had acquired SolarCity, a transaction akin to a bailout. SolarCity was founded by Musk’s cousins Peter and Lyndon Rive back in 2006 and […]
Polestar 2 Gets Design Update, New Features and More
Swedish electric vehicle (EV) maker Polestar on Wednesday announced several new features and design updates for the Polestar 2, along with advancements in sustainable sourcing of raw materials for the sedan. “We have revisited materials and processes that go into making Polestar 2, introducing updates that reduce the climate impact and increase material traceability of […]
Tesla Mobile App Now Shows Up to 10 Nearby Superchargers and More Info
The latest version of the Tesla mobile app (version 4.8.0 on iOS) expands the list of nearby Superchargers you see while using the app’s location feature from the four closest stations to 10 (via Reddit). In addition, each Supercharger listing now has its max power output specified right underneath, to go with existing stall availability […]
Tesla Borrows Activision Playbook in California Racial Discrimination Case, Say Observers
Legal observers noted that Tesla is taking a page from Activision Blizzard’s playbook by pitting federal and a California state agency against each other, according to Bloomberg. When sued by the California Department of Fair Employment and Housing (DFEH) which alleged sexual harassment culture went all the way to the top, Activision executives contested the […]
Bahrain Grants SpaceX License for Starlink Internet; Ukraine Registers Office
Bahrain’s Telecommunications Regulatory Authority (TRA) granted SpaceX approval and licensure to operate its Starlink satellite internet services in the country, according to News of Bahrain. The country is the first in the Gulf Cooperation Council (GCC) to grant SpaceX a license for Starlink. TRA General Director Philip Marnick said that Bahrain is an ideal place […]
SpaceX Launches Crew-4 Mission to the International Space Station [VIDEO]
SpaceX successfully launched the Crew-4 mission on Wednesday morning, and the astronauts are currently on their way to the International Space Station. The Crew-4 mission is currently on its way to the International Space Station via SpaceX’s Dragon spacecraft, after the launch took place using the Falcon 9 reusable booster. @SpaceX announced that the Dragon […]
Judge Denies Elon Musk Bid to End SEC Twitter Oversight
The Securities and Exchange Commission (SEC) has been a burden for Tesla CEO Elon Musk to bear, and a recent request to end the agency’s oversight has been denied. Musk was denied a bid to undo the SEC’s oversight of his Twitter, mandated through an agreement made in 2018, according to Bloomberg. In addition, a […]
Lucid Announces Sale of 100,000 Vehicles to its Investor Saudi Arabia
Lucid Motors announced a deal with the Government of Saudi Arabia for the sale of 100,000 EVs, as detailed on Tuesday in a press release. The sale of the vehicles will take place over a ten-year period, with an initial commitment starting with the first 50,000 vehicles, then followed by the rest. Saudi Arabia’s government […]
2023 Subaru Solterra EV Pricing from $44,995
Reservations for the Solterra EV from Subaru launched in February for just a $250 deposit, and this week the automaker has unveiled pricing for the electric SUV. Subaru shared pricing for the Solterra SUV, starting at $44,995 for the Premium trim before the $7,500 federal tax incentive and the $1,225 destination fee, according to the […]
Ford Plans to Challenge Tesla to Become Top EV Maker in the World: CEO
Ford CEO Jim Farley took the stage on Tuesday at a launch event for the F-150 Lightning, the veteran automaker’s first-ever all-electric pickup truck. Farley also touched upon Ford’s future during the event, reiterating that the company plans to produce 2 million electric vehicles (EVs) per year by 2026 and eventually challenge Tesla for the […]
Tesla Model Y, Model 3 Dominate EV Sales in the U.S. for Q1: Report
Tesla’s Model Y was the best-selling electric vehicle (EV) in the U.S. for the first quarter of this year, followed closely in second place by the Model 3 — reports Kelley Blue Book. EV sales in the U.S. almost doubled year-over-year from Q1 2021 to Q1 2022, with battery electrics making up over 5% of […]