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EG Group Partners With Tesla For Major EV Charging Expansion In Europe
Monday, November 13, 2023 - 6:45am | 561In a significant advancement for the European electric vehicle (EV) landscape, UK-based petrol station operator EG Group is set to acquire ultra-fast charging units from Tesla Inc. (NASDAQ:TSLA) to broaden its EV charging network across the continent. What Happened: According to a Reuters report,...
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Tesla Competitor Lucid Says There's Enough Room For Everyone In EV Market As The Internal Combustion Engine Fades Away
Monday, October 23, 2023 - 1:53pm | 779In the ever-evolving world of electric vehicles (EVs), Tesla Inc. is the cream of the crop. While Elon Musk's company is the "cool kid on the block," there's plenty of opportunity for other EV manufacturers to grab a piece of the pie. Lucid Group Inc. is one such company, with Andrew Liveris,...
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UAW's Shawn Fain Announces Breakthrough In Strike Talks With GM; Eyes On Ford And Stellantis Next
Friday, October 6, 2023 - 3:35pm | 664Shares of Detroit's "big three" automakers, General Motors Co (NYSE:GM), Ford Motor Co (NYSE:F), and Stellantis NV (NYSE:STLA) were trading higher Friday after United Auto Workers (UAW) president Shawn Fain announced crucial updates. What Happened: On Friday, Fain noted a significant change in...
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EU Targets Tesla In Anti-Subsidy Probe: What's At Stake For EV Giant
Tuesday, September 26, 2023 - 10:32am | 521The European Union (EU) has initiated an anti-subsidy investigation into Chinese electric vehicles (EVs), including exports from Tesla Inc. (NASDAQ:TSLA), causing a slight dip in Tesla’s share value. What happened: Insiders revealed that the EU’s probe, first reported by ...
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Tesla, Meet Your EV Rivals: Mercedes-Benz Concept CLA Class And BMW Neue Klasse
Monday, September 4, 2023 - 3:46pm | 505At Munich’s IAA auto show, Mercedes Benz Group AG (OTCPK: MBGYY) unveiled the Mercedes-Benz Concept CLA Class, while Bayerische Motoren Werke AG (OTCPK: BMWYY) revealed the BMW Vision Neue Klasse, according to CNBC. These cutting-edge (EV) electric vehicles represent a bold move by the German...
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What Ignited Tesla's Electrifying Tuesday Rally? Analyst Spotlights 2 Key Catalysts Behind Surge
Wednesday, August 30, 2023 - 1:43am | 573Tesla, Inc. (NASDAQ:TSLA) surged ahead on Tuesday, overshadowing other mega-cap stocks, and Gary Black of Future Fund examined the factors underpinning this remarkable performance. The Impetus: Tesla’s stock gained traction from Tuesday’s Job Openings and...
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Vietnamese EV Trailblazer VinFast Zooms Ahead Of Ford, GM In Carmaker Hierarchy
Tuesday, August 29, 2023 - 10:34am | 675VinFast Auto Ltd. (NASDAQ:VFS), the Vietnamese electric vehicle (EV) manufacturer founded by billionaire Pham Nhat Vuong, has seen its market capitalization spike to an astounding $190 billion. This meteoric ascent, witnessing a staggering 600% surge since its mid-August 2023 initial public...
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Auto Dealerships Are Buying More Electric Vehicles Than Their Gas-Powered Counterparts
Friday, August 25, 2023 - 11:31am | 863Auto dealers now report holding 92 days of electric vehicle (EV) inventory compared to 54 days of traditional gas or diesel vehicles on their lots. This new dynamic coincides with lower pricing for EVs, with several new markets offering various price points that make the move to an EV an intriguing...
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Poll Shows Half Of Americans Unlikely To Choose Electric Vehicles
Monday, August 21, 2023 - 9:22am | 919Despite the Tesla Model Y becoming the world's best-selling car, nearly half of Americans aren’t ready to embrace electric vehicles as their next ride. According to a poll from the Energy Policy Institute at the University of Chicago and the Associated Press-NORC Center for Public Affairs...
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Billionaire's Fortune Plummets $18B In Days As Newly-Listed EV Maker's Soaring 255% Debut Gain Takes A Dive
Friday, August 18, 2023 - 11:52pm | 509Pham Nhat Vuong, the founder of VinFast Auto Ltd. (NASDAQ:VFS), lost about $18 billion following a sharp decline in the company’s shares. What Happened: The Vietnamese electric vehicle manufacturer’s shares closed at $15.40 on Friday, marking the end of a volatile week for the company....
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EV Startup Lucid Faces $500K Loss Per Vehicle Amid Tough EV Market, Analysts Remain Hopeful: 'Tone Was Notably More Positive'
Wednesday, August 9, 2023 - 6:02am | 433Lucid (NASDAQ:LCID), the luxury EV startup, reported significant per-vehicle losses in its second-quarter earnings, according to a Business Insider report. Lucid, founded by ex-Tesla (NASDAQ:TSLA) Chief Engineer Peter Rawlinson, unveiled its second-quarter results on Monday, revealing revenue of $...
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Tesla's Former CFO Kirkhorn Walks Away with $590 Million, Just 0.25% of Elon Musk's Wealth
Tuesday, August 8, 2023 - 4:53pm | 339Zachary Kirkhorn, who recently stepped down from his role as the chief financial officer of Tesla Inc. (NASDAQ:TSLA), concluded his 13-year journey in the position by successfully amassing a noteworthy net worth of $590 million, primarily comprised of Tesla shares and compensation options....
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Irish Startup GoPlugable is an Airbnb Model For Electric Vehicle Owners To Rent Their Home Charging Ports
Thursday, August 3, 2023 - 7:45am | 832The latest Airbnb of startups is a clever firm called GoPlugable that enables people to rent their personal electric vehicle (EV) charging to others. Maebh Reynolds, a recent engineering graduate from Queen's University Belfast in Ireland, recently founded the company with a vision to become the...
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Elon Musk's Tesla Cybertruck Spotted Sporting Clever Disguise, Masquerading As Ford F-150
Sunday, July 23, 2023 - 10:25pm | 511A leaked image from a Tesla (NASDAQ:TSLA) shows a Tesla Cybertruck with a wrap that makes it look like a Ford F-150, Electrek reports. Is Tesla Trolling or Testing?: The images, shared by a Twitter user by the name Greggertruck, show the Cybertruck sporting a wrap that mimics the design of a...
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Elon Musk Juggling Multiple Ventures Is A Threat For Tesla: 'Hard To Focus On Any One,' Says Expert
Thursday, July 20, 2023 - 11:05pm | 509In the wake of Tesla’s second-quarter earnings call, concerns are rising among experts over CEO Elon Musk‘s multiple ventures and their potential impact on Tesla Inc. (NASDAQ:TSLA), CNBC reports. Randall S. Peterson, a professor at the London Business School, warns that Musk’s...