Rivian Optimistic About Future Production and Financial Health
Rivian Automotive, the Amazon-backed electric vehicle (EV) manufacturer, provided a refreshing update on Tuesday, elevating its annual production expectations. Additionally, the company’s chief executive assured stakeholders of its solid financial health, projecting sufficient funds to operate smoothly until 2025. In…
Tesla’s CFO Steps Down, New Face Takes the Helm
In a significant corporate reshuffle, Tesla, the world’s top automaker in valuation, announced on Monday that its chief financial officer, Zachary Kirkhorn, is stepping down. After a remarkable 13-year journey with the company, Kirkhorn will make way for Vaibhav Taneja,…
Subaru Shifts Gears: Targets Half of Sales from Battery EVs by 2030
Subaru, the renowned Japanese automaker, has revved up its efforts in green energy by setting an ambitious target. The company aims to sell 600,000 battery electric vehicles (EVs) annually by 2030, making up half of its global sales. This move…
Exxon Mobil Jumps into the Electric Car Game
Oil titan Exxon Mobil is venturing into the electric vehicle (EV) industry, looking to supply lithium to leading automakers, according to Bloomberg Law. Talks are underway with major players such as Tesla, Ford, and Volkswagen, among others. The negotiations also…
Tesla Under Fire for Exaggerated EV Ranges
Tesla, the renowned electric vehicle manufacturer, is under scrutiny, with accusations of inflating the driving range figures displayed on their dashboard, as reported by Reuters. This claim could shake the trust of EV drivers who rely heavily on accurate range…
Skoda Speeds Ahead with 35% Profit Jump
In a rebound reflecting the stabilization of the supply chain, Skoda Auto, the Czech unit of Volkswagen Group, reported a year-on-year surge of 35% in its first-half operating profit. This significant leap forward is an encouraging sign for the Czech…
Vietnam’s EV Powerhouse VinFast Eyes U.S. Listing
In a significant move towards global expansion, Vietnam’s premier electric vehicle (EV) manufacturer, VinFast, is poised to make its grand entrance on the US stock market in August. This news comes in the wake of the U.S. Securities and Exchange…
Groundbreaking Tesla Tech Could Shatter Charge Times
In the world of electric vehicles, Tesla’s innovative ideas often spark a whirl of speculation. The latest rumor, surrounding an Israeli startup known as StoreDot, suggests Tesla may be delving into new charging technologies that could significantly cut charging times.…
Electric Cars Ablaze: Vessel Fire Ignites Off Dutch Coast
A shipping disaster unfolded off the coast of the Netherlands this week as a car carrier vessel, the Fremantle Highway, erupted into flames. Contrary to initial reports by the coastguard, the ship was ferrying close to 500 electric vehicles, not…
Tesla Eyes India for New Electric Venture
In the world of electric vehicles, Tesla is always a hot topic. Recently, two senior Tesla executives are reportedly holding significant discussions with officials from India’s investment promotion sector, Invest India. The topic at hand? Tesla’s ambitious plan to launch…
Tesla’s Shocking Edge in the EV Profit Race
Electricity is the buzzword as Detroit’s car manufacturers gear up for crucial talks with the United Auto Workers (UAW) about their shift towards electric vehicles (EVs). An influential figure in this process is none other than Elon Musk and his…
Earnings Soar, Margins Dive in Tesla’s Q2 Rollercoaster
Tesla, the renowned electric vehicle manufacturer, revealed impressive sales and revenue figures for Q2 2023, yet it’s not all sunny skies for the automotive giant. The firm reported the construction of a massive 479,700 electric vehicles in the quarter, managing…
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