Amazon Takes $7.6 Billion Hit on its Rivian Investment in Q1
After Ford announced a $3.1 billion loss on its 12% stake in electric vehicle automaker Rivian yesterday, Amazon has similarly announced a loss from the recent downfall of the carmaker’s stock price. During Amazon’s Q1 earnings on Thursday, the online retailer announced it took a $7.6 billion loss as a result of its $1.3 billion […]
Formula E and FIA Unveil Gen3: Fastest Electric Race Car Yet
Formula E and the Fedration Internationale de l’Automobile (FIA) on Thursday unveiled the Gen3 — an all-electric high-performance sports car set to debut in Season 9 of the ABB FIA Formula E World Championship next year. The Gen3 is touted as the fastest Formula E car ever, with a top speed of over 200 mph […]
Entry Tesla Model Y Estimated Delivery Dates Slip Further into 2023
Tesla has delayed its delivery timelines for the base Model Y Long Range and the induction-wheel Model Y Long Range by about a month, according to the company’s online order configurator (via @Sawyer Merritt). The base-level Model Y Long Range now shows a delivery timeline of February 2023 through May 2023, though it previously displayed […]
Tesla Owner Catches His Turo Renter Swapping Out Car Parts [VIDEO]
Tesla’s Sentry Mode has helped solve a crime or two in the past few years, but a new case surfacing this week shows a car renter sinking to new lows. One Tesla owner recently caught their Turo renter swapping out his vehicle’s parts, as seen in a TikTok video shared by user @frankvidz (via Reddit). […]
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 […]