Electric Vehicle (EV) startups such as Nikola and Lordstown Motors are racing ahead, leaving a blazing trail on the stock market. Without an obvious reason or catalyst, these startups, often struggling with cash, are recording considerable weekly gains. Many attribute…
In a bold move to cement its position in the electric vehicle industry, China’s Xpeng Inc broadened its self-driving capabilities to Beijing on Thursday. This step marks another milestone in the wider deployment of its City Navigation Guided Pilot (City…
In a move to boost its retail presence, Rivian has launched ‘Spaces’, a series of unique retail and experiential locations in the US and Canada. The Spaces, as they are called, are places where customers can have hands-on interactions with…
Elon Musk’s electric vehicle charging technology is reshaping the landscape, potentially threatening one of President Biden’s key climate policies. Surprise agreements from automotive giants Ford and General Motors to adopt Tesla’s charging standard have tipped the scales towards a new…
In a bid to shift Model 3 inventory ahead of the quarter’s end, Tesla is offering customers three months of free Supercharging. According to the company’s website, to snag the deal, buyers must take delivery of the Model 3 sedan…
Investors of electric vehicle manufacturers, Rivian Automotive and Lucid Group, are grappling with another hiccup. However, this time, it might not be a significant worry. Rivian, also recognized as RIVN on the stock market, is on its way out of…
Despite cutting back on hiring and Saturday shifts, Tesla’s German plant is still set to hit its production targets, the company confirmed last Thursday. This follows a report from Business Insider stating Tesla had paused its aim to produce 6,000…
Tesla’s sales-record-shattering Model Y has seen a minor price hike of $250, signalling strong demand for the electric vehicle. Once priced at $47,490, the base Model Y is now selling at $47,740, as the automaker adjusts to the influx of…
The unprecedented 13-day winning streak of Tesla shares, which propelled the company’s valuation by a whopping $200 billion, met its conclusion on Wednesday. The meteoric rise, which added more than 40% to Tesla’s share value, ceased with a slight dip,…
A new sighting of Tesla’s much-anticipated Cybertruck prototype in California is causing a stir. Notably, the electric truck was seen donning camouflage, marking a first for the automaker. It left people wondering as to what Tesla is up to with…
Elon Musk’s tech behemoth, Tesla, has received a clear invitation from France to set up its next Gigafactory on French soil. The invitation was made public by France’s Digital Minister Jean-Noel Barrot as President Emmanuel Macron prepares for his second…
Tesla’s Giga Berlin plant has achieved a significant and vibrant milestone with the production of its Model Y in all five offered colors, including the latest addition of Deep Blue Metallic. This achievement comes just 15 months after the factory…
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