Tesla Hits Another All-Time High, Valuation Nears Facebook
Tesla’s stock price continues to rally, and on Wednesday during intra-day trading, it touched a new all-time high of $774 per share. Tesla’s market cap currently stands at $725 billion, and is approaching the valuation of Facebook and its $754 billion market cap. With Morgan Stanley raising Tesla’s price target to $810, plus Democrats taking […]
GM to Produce Electric Vehicles for Honda and Acura in Tennesse
According to Automotive News (via Jalopnik), General Motors (GM) will begin building electric vehicles (EVs) for both Honda and Acura within the next four years. Both are set to be battery-electric vehicles (BEVs) and will join the ranks of the company’s other builds for its own Buick, Chevy, Cadillac, and GMC brands. After a successful […]
Building Autonomous Cars ‘Harder Than Rocket Science’ Says Waymo CEO
Google sister company Waymo has spent over a decade working on a driverless vehicle. In that time, the company has raised $3.2 billion, signed a number of contracts, and even debuted the world’s first completely autonomous taxi service in Phoenix, Arizona. In spite of all this, Waymo Chief Executive John Krafcik believes the task of […]
BYD EV Automaker, Backed by Warren Buffet, is Outselling Rivals in China
China makes up the world’s largest auto market, so what’s happening in the country with vehicle manufacturers will influence what happens in the world’s transition to zero-emission vehicles. On Wednesday, it was reported that automaker BYD is outselling most of China’s other electric vehicle (EV) startups, in spite of a nearly 11% decrease in the […]
Former Apple Employees Create Lidar Startup for Autonomous Driving
Two former Apple employees who spent years developing the iPhone, Apple Watch, and iPod, have shared their plans with new startup Aeva to develop LiDAR technology for the future of autonomous driving, as reported by Yahoo Finance. If you happen to drive/ride/own a VW EV car in a few years, chances are it will be […]
Germans Divided Over Tesla Gigafactory Berlin’s Environmental Impact
Tesla’s Gigafactory Berlin is under fire from environmental activists, according to the Guardian, especially after being ordered to halt building following the company’s choice to remove trees and build without the proper licensing. Local residents of the Berlin suburb of Grünheide, where the factory is being built, are split on whether Tesla should be able […]
Tesla Rumoured to Lease 206,000 Square-Foot Building in Seattle
It appears Tesla may be ready to expand its presence in the Seattle area. According to the Puget Sound Business Journal (via Electrek), Tesla may be in the process of building a new location in a large warehouse, about 40 minutes north of Seattle in Lakewood. At the site are two separate warehouse spaces being […]
First 2021 SpaceX Falcon 9 Launch Date: Jan. 7 Turksat 5A Mission
SpaceX is set for its first Falcon 9 launch of 2021 this Thursday, January 7. The payload within Falcon 9 will be a Turkish communications satellite, the Turksat 5A, taking place at Cape Canaveral Space Force Station Space Launch Complex 40 in Florida. The launch window begins at 8:28 p.m. ET on Thursday evening and […]
Tesla Model Y Sells Out in China, Delivery Dates Now Show Sometime in Q2
We heard about heavy demand in China for the Tesla Model Y, and now it’s definitely real. According to Tesla’s website, Model Y deliveries are now indicating sometime in Q2 of 2021. This would mean someone ordering today won’t get their Model Y in China until April, May or June of this year, according to […]
Tesla Surges to All-Time High After-Hours on Morgan Stanley $810 Price Target
Tesla closed the trading day on Tuesday at $735.11 per share, up 0.73% for the day. But with a new price target increase by Morgan Stanley, the stock has now soared to an all-time high in after-hours trading. Morgan Stanley analyst Adam Jonas has increased his price target for Tesla from $540 to $810, what he […]
New Jersey Resident Falls Asleep in Tesla and Crashes Vehicle into Pole
It’s never a good idea to fall asleep behind the wheel, and for one Hillsborough resident in New Jersey, it just so happened she was driving her Tesla. According to South Brunswick police on Tuesday morning, they said “Please always remember to stay awake when driving a @Tesla. This driver fell asleep and struck a […]
Tesla Model S Bomb Scare Hoax Forces Evacuations in Queens [Update]
A Tesla Model S brought out New York’s bomb squad on Monday, as hundreds were forced to evacuate Queens Place Mall. The car, as reported by the Gothamist, was connected to a hoax bomb device which included a propane tank. After being reported to the police at about 9 am on Monday, Queens Place Mall […]
Elon Musk Closing in on Jeff Bezos to Become World’s Richest Person
Tesla CEO and billionaire entrepreneur Elon Musk has been acquiring wealth like crazy over the past year. Now, according to Bloomberg’s billionaire index, he’s inching ever closer to surpassing Amazon CEO Jeff Bezos as the world’s richest person. With a net worth of $175 billion dollars, Musk is not far behind Bezos’ $186 billion dollars, […]
Norway Electric Vehicle Sales Took 54% of All New Car Sales in 2020
Zero-emissions vehicles are taking the world by storm, and not even traditional gas car companies can stop it. Sales of electric vehicles (EVs) reached a record high of 54% of all new vehicle sales in Norway in 2020, according to Market Watch. While it’s certainly good news, it’s not all good, especially for the Tesla […]
Bentley Bentayga Hybrid SUV Unveiled for the U.S., Canada, China
After recent announcements from Bentley to go hybrid by 2026, and completely electric by 2030, it’s become clear that production will need to kick into high-gear to reach the company’s goals. However, it’s already made its first stride in that direction, set to begin this year. On Monday, Bentley announced its newest addition to its […]