Elon Musk Exercises Options on Tuesday, Sells 934,091 Tesla Shares Again

Tesla CEO Elon Musk has continued his streak of exercising stock options, then selling shares afterwards. According to new Form-4 filings with the SEC on Tuesday afternoon, Musk exercised 2,113,761 options from his 2012 compensation plan, then proceeded to sell 934,091 shares. This is the third time he’s sold off exactly 934,091 shares, and at […]

NTSB Closes Investigation into Fatal Tesla Crash in California from 2020

According to the U.S. National Transportation Safety Board on Tuesday, it has closed an investigation into a fatal Tesla crash from August of last year, reports Reuters. A 2019 Tesla Model 3 was being driven in Saratoga, California, using the car’s Autopilot feature. The driver did a manual override and pressed the accelerator while on Autopilot. […]

Lucid Motors Market Cap Could Eventually Be Valued Like Tesla, Says CEO

Just weeks after Lucid Motors’ first deliveries of the Lucid Air took place at a delivery event in California, the company’s head is already eyeing Tesla levels of financial success. Lucid Motors CEO Peter Rawlinson said the company’s recent stock surges evidence the company’s standing to someday be valued like Tesla, according to CNBC. Lucid’s […]

Tesla Surpasses 8,000 Supercharger Stalls Across Mainland China

After surpassing 30,000 Superchargers worldwide last week, Tesla has officially reached another Supercharger milestone in the world’s largest auto market. Tesla has surpassed 8,000 Supercharger stalls across mainland China, according to a post shared on Tuesday by @42how_. The news comes three months to the day after Tesla surpassed 7,000 Supercharger stalls across China meaning […]

NIO ET7 to Feature Dolby Atmos and NIO Radio

Not long after NIO’s news that the electric ET7 sedan will debut at Shenzen’s NIO House later this month, the company has shared plans for its premium audio system, including a format that will make audio even more immersive. NIO announced on Tuesday that Dolby Atmos audio will come as a standard in the upcoming […]
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Tesla Supercharger Pricing Change: Billing Per Minute by Charging Speed

As Tesla surpassed 30,000 Superchargers worldwide last week, the company has changed its per-minute billing model for Superchargers, based on how fast each charger charges the user’s vehicle. Tesla has changed its Supercharger pricing model from two charging speed tiers to four, according to a chart from Tesla as shared on Reddit. Tesla’s recently updated Supercharger […]

Rivian Surpasses Volkswagen in Market Cap, Despite $0 in Revenue

After Rivian’s proposed starting initial public offering (IPO) price of $62, the company landed a starting price of $76, before the company’s stock jumped in the past several days. Rivian has been on a five-day rally, pushing the company’s market capitalization past that of Volkswagen’s, according to Bloomberg. On Tuesday, Rivian’s surged 14 percent, trading […]

JPMorgan Chase Sues Tesla for $162 Million Over Elon Musk Tweet

JPMorgan Chase & Co. has filed a lawsuit against Tesla, for the amount of $162.2 million, reports Reuters. The issue at stake? According to JPMorgan’s lawsuit filed in Federal Court in Manhattan, the investment firm alleges Tesla breached a contract related to stock warrants, after CEO Elon Musk tweeted in 2018 there was “funding secured” […]

Tesla Semi Spotted Charging with Trailer at Giga Nevada [PICS]

Image via @SawyerMerritt Tesla’s Semi trailer truck was spotted charging today while carrying a load at the automaker’s Gigafactory Nevada. According to @SawyerMerritt, “a source sent me a photo today of a Tesla Semi at the Giga Nevada production building offloading a trailer. The white Semi looks to be the latest prototype design. Tesla has been […]

Tesla Opens Temporary Service Location in Victoria, BC

Last month it was rumoured Tesla was set to open a temporary service location in Victoria, British Columbia, Canada. Now, it appears the address of the temporary location has been revealed. According to Kay Tee from the Tesla Owners Club Vancouver Island group on Facebook, an address showed up as 721 Pembroke Street in Victoria, […]