Elon Musk Could See $7 Billion Options Payout from Tesla Q4 2020 Earnings
Image via Reuters On Wednesday, Tesla’s Q4 2020 earnings could result in a $7 billion options payout for CEO Elon Musk. According to Reuters, many are highly anticipating what Tesla will forecast for deliveries in its fiscal 2021. “We’re expecting close to 900,000 deliveries. I think that as the economy opens up again, there is […]
New Zealand Police Departments Slow to Adopt Electric Vehicles
Numerous electric police cruisers have begun popping up around the world, but what’s stopping our police departments from cutting emissions entirely? The New South Wales Police Force has confirmed a 12-month EV testing period for a Hyundai Kona cruiser, according to New Zealand publication stuff, which is also posing the question of why the practice […]
Lucid Motors May Build Factory in Saudi Arabia, Report Says
California electric vehicle (EV) startup Lucid Motors is currently in talks with Saudi Arabia’s sovereign wealth fund about building an EV factory in the kingdom, according to a Financial Times interview with Yasir Al-Runayyan, the fund’s governor (via Bloomberg). The factory could be built near the Red Sea city of Jeddah, according to earlier reports […]
Harbour Air Electric Seaplane Resumes Plan for Commercial Flights
The future is electric, as evidenced by the growing movement around the globe to cut transportation emissions to zero. Vancouver, B.C.-based seaplane company Harbour Air is an interesting part of that movement, as it plans to resume testing its all-electric airplane in 2021, according to CBC News. The Canadian company, which already flew the electric […]
VW ID.3 Tops Tesla Model 3 in European EV Sales: December 2020
As electric vehicles (EVs) continue to populate the roads more and more, we’re also beginning to witness a global entry into new territory – the auto market’s switch, at large, to zero-emissions vehicles. According to EV Sales, Europe’s top-selling EV in December 2020 was the Volkswagen ID.3, which delivered a total of 28,108 units. This […]
Tesla Qualifies for Part of $3.5 Billion in EU Battery Aid
The rise of the electric vehicle (EV) has brought with it a new era in battery development, and while the market has already grown immensely, it’s only just getting started. The European Union (EU) recently granted 2.9 billion euros ($3.5 billion USD) in state aid to be used in battery production for EV companies, as […]
Tesla Hit By Bullets in Drive-By Shooting, Captured on Camera [VIDEO]
According to Nashville police, they’re seeking out the driver of an SUV that shot a Tesla last week on I-24. The scary situation was captured on the Tesla’s dashcam, where you can see a gold and tan GMC Envoy pull up, the passenger window lower then shots fired at the electric vehicle. It’s unclear what […]
Xpeng Navigation Guided Pilot Beta Hands-On Looks Familiar [VIDEO]
We’ve been reporting on Tesla’s Full Self-Driving (FSD) since it entered a public beta stage last fall. But now, a new competitor has entered the autonomous driving ring, in what is the world’s largest auto market. China-based Xpeng Motors began rolling out over the air updates on Tuesday, including a limited beta version of the […]
SpaceX Says Future Starlink Download Speeds to Hit 10 Gbps
Currently, SpaceX’s Starlink beta internet service offers download speeds of 100 Mbps or so for its beta testers in the U.S., Canada and the UK. But what about future Starlink download speeds? According to SpaceX director David Goldman, in speaking with the FCC last week, the company outlined its plan to modify Starlink and its […]
Tesla ‘Superhuman’ Self-Driving Coming, Standard Autopilot to Benefit Too Says Elon Musk
On early Monday morning, Tesla CEO said the company will be able to have ‘superhuman’ self-driving, when the company moves its neural nets to 8-camera surround video. Replying to a Full Self-Driving video from @WholeMarsBlog touting the learning advantages of Autopilot, Musk added, “Tesla is steadily moving all NNs to 8 camera surround video. This […]
TSLA Touches $900 Per Share, Reaching New All-Time High Ahead of Q4 Earnings
Shares of Tesla surged heavily on Monday morning trading, touching $900.40 per share, a new all-time high for the company, before closing at $880, up 4% for the day, the highest close ever for Elon Musk’s electric vehicle company. $TSLA closes up 4.03% to $880.80, its highest close ever. 📈 pic.twitter.com/9rWh6XIhI7 — Sawyer Merritt (@SawyerMerritt) […]
President Biden Plans to Replace Federal Fleet with Electric Vehicles
President Joe Biden has some ambitious plans for the United States to reduce its greenhouse gas emissions. On Monday, the President said, “The federal government also owns an enormous fleet of vehicles, which we’re going to replace with clean electric vehicles made right here in America, by American workers.” Biden said the plan will produce “millions […]
Waymo CEO Says Tesla is ‘No Competitor at All’, Elon Musk Responds
Building autonomous cars is allegedly “harder than rocket science,” says the same company taking on Tesla’s autonomous driving, a vehicle company whose CEO literally runs a rocket company. Still, the task’s difficulty hasn’t stopped Waymo from manufacturing a completely autonomous vehicle of its own, as Waymo CEO, John Krafcik, claims that, “For us, Tesla is […]
First Starlink Satellites with Laser Links Headed for Polar Orbit Confirms SpaceX
Following the successful launch of 143 spacecraft, including 10 Starlink satellites, in SpaceX’s first ride-sharing launch, the company’s founder has confirmed suspicions of new laser technology for its internet satellites. In a tweet Sunday, SpaceX founder Elon Musk confirmed that, not only did the day’s launch include laser communication terminals aboard the Falcon 9, but […]
Tesla Bet Results in $29 Billion Profit for Scottish Investment Firm
Tesla CEO Elon Musk recently became the world’s richest person, and while it’s an impressive feat, the behind-the-scenes benefactors of Tesla’s growth are, perhaps, even more impressive. Baillie Gifford, the asset management firm for Scottish Mortgage Investment Trust, has facilitated a $29 billion profit from pension funds, foundations, and charities, financed through the purchase of […]