Porsche is set to become the exclusive vehicle supplier of the Air Canada Chauffeur Service at the Toronto-Pearson airport with electric and hybrid plugin vehicles, said the companies on Thursday. Porsche EV options for the service include the electric Porsche Taycan and hybrid Panamera and Cayenne vehicles. When Signature Class customers arrive in Canada, they’ll […]

The Boring Company raised $675 million from “A-List investors” in recent weeks, according to a press release on the company’s website. The funding round was led by Vy Capital and Sequoia Capital, while Valor Equity Partners, Founders Fund, 8VC, Craft Ventures and DFJ Growth also participated in raising funds. In addition, real estate partners of […]

Tesla CEO Elon Musk has just landed another hefty piece of compensation, following the automaker’s success in the first quarter. Musk has earned another $23 billion in performance awards from Tesla, after the automaker posted Q1 revenue outpacing Wall Street estimates, according to Reuters. Tesla’s quarterly revenue amounted to $18.76 billion, with adjusted earnings of […]

Tesla provided an update on Cybertruck during its Q1 2022 earnings call. According to CEO Elon Musk, after revealing a new dedicated robotaxi would be coming with no steering wheel or pedals, he added the company was “on track to reach volume production of Cybertruck in 2023.” Tesla says the simplicity of the Cybertruck structure […]

Tesla has launched a new limited edition of Tesla Tequila, that comes with two Sipping Glasses for $420 USD. “Enjoy one of the last 420 bottles of Tesla Tequila paired with two Sipping Glasses for a limited time. The exclusive, small-batch premium 100% de agave tequila añejo is made from sustainably sourced highland and lowland […]

Legacy Swedish automaker Volvo on Tuesday announced an investment in StoreDot, an Israeli company that is working on electric vehicle (EV) batteries capable of extreme-fast charging. The investment was made through the Volvo Cars Tech Fund, Volvo’s venture capital unit. StoreDot is working on disruptive battery tech capable of adding 257 miles (160 km) of […]

Tesla announced record Q1 2022 earnings today and within its shareholder slide deck, the company detailed it is now producing single-piece front castings for its Model Y from its Gigafactory in Austin, Texas. The company has long teased a single-piece front was coming, to join the single-piece rear casting in the Model Y. According to […]

During Tesla’s Q1 earnings call, CEO Elon Musk announced the company will be making a new vehicle at Giga Texas—a dedicated robotaxi with no steering wheel or pedals. Musk said Tesla plans to reach volume production of this autonomous robotaxi in 2024, that “will be a massive driver” of the company’s growth. It will have […]

Tesla announced its record Q1 2022 earnings on Wednesday, beating Wall Street estimates. While Tesla saw record production, deliveries and earnings and profit, the company also shared an interesting note about the Super Bowl. According to Tesla, the day after the 2022 Super Bowl—which featured numerous high profile electric vehicle ads from automakers—it saw a […]

South Korean battery manufacturer Samsung SDI is looking to apply its electric vehicle (EV) battery production wisdom to smartphone batteries — reports The Elec. Samsung SDI supplies EV batteries to several automakers, including BMW and Stellantis. The battery maker even vied for contracts from Tesla last year when it produced samples of the EV maker’s new […]

Tesla’s Q1 2022 saw record delivery and production numbers, along with revenue and net income. The company also detailed how it is diversifying its battery chemistries for long-term growth. Back in October during its Q3 2021 earnings, Tesla said it was shifting its Model 3 and Model Y Standard Range cars to Lithium Iron Phosphate (LFP) […]

Tesla announced record Q1 2022 earnings on Wednesday, and the company also shared more about its factory operations in the U.S. and abroad. When it comes to Gigafactory Austin in Texas, Tesla confirmed the first Model Y cars made used its 4680 cells, single-piece front body castings and structural battery packs. Tesla said, “this is […]

Tesla has announced its Q1 2022 earnings on Wednesday afternoon, reporting numbers higher than Wall Street expectations. The automaker reported $3.22 earnings per share, while revenue was at $18.7 billion, up a staggering 81% year-over-year. “The first quarter of 2022 was another record quarter for Tesla by several measures such as revenues, vehicle deliveries, operating […]

Tesla CEO Elon Musk may be polarizing to some, and now a new candidate for Senate in California is using his bid solely to take Musk and the company’s Full Self-Driving program down. California Senate candidate Dan O’Dowd launched a multimillion-dollar television ad campaign on Tuesday to push for a ban on Tesla’s self-driving vehicles […]

As electric vehicles (EVs) continue to spread across the world, Volkswagen is beautifying one island with the addition of new EV deliveries. Volkswagen has delivered its first electric cars to private customers on the island of Astypalea, Greece, according to a press release from the automaker. Thanos Papagiannis received the first of the deliveries in […]