Fisker’s Electric Dreams Crash as EV Startup Files for Bankruptcy
Fisker, the struggling electric vehicle startup, has filed for Chapter 11 bankruptcy amid mounting financial woes and production challenges. The company, known for its Fisker Ocean electric SUV, had previously warned of a potential collapse due to insufficient funds to…
Tesla Sues Ex-Supplier for Alleged $1B+ Battery Trade Secret Theft
Tesla has filed a bombshell lawsuit against its former supplier Matthews International, accusing the company of stealing trade secrets related to electric vehicle battery technology and sharing them with Tesla’s competitors. The suit, filed Friday in California federal court, claims…
Tesla in Self-Drive Mode Slams into Police Car in Orange County
Self-Driving Tesla Crashes into Parked Patrol Vehicle A Tesla Model S in self-driving mode crashed into a parked police car in Orange County, California, on the same day Elon Musk’s substantial pay package was approved at Tesla’s annual shareholders meeting…
Tesla Shareholders Reaffirm $45 Billion Pay Award for Elon Musk
Musk’s Lucrative Compensation Plan Gets Green Light Tesla shareholders have reaffirmed a massive $45 billion pay package for CEO Elon Musk, overturning a court decision that blocked the award. The vote, which took place at Tesla’s annual meeting in Austin,…
McKinsey Study Reveals Growing Dissatisfaction Among EV Buyers
The electric vehicle (EV) industry is reportedly facing a significant challenge as a substantial percentage of EV buyers in the United States are considering returning to combustion engine cars. According to a McKinsey & Co. survey, almost 40% of U.S.…
China Slams EU’s “Wrong Practices” on EV Tariffs, Urges Dialogue
China has strongly criticized the European Union’s decision to impose tariffs of up to 38.1% on Chinese electric vehicles, calling it protectionist behavior and urging the EU to correct its “wrong practices,” reports Reuters. The reaction from China and other…
EV Charging Cable Thefts Surge Amid Skyrocketing Copper Prices
In a disturbing trend sweeping the nation, thieves are targeting electric vehicle (EV) charging stations, stealing valuable copper cables and leaving EV owners stranded without a charge. As the price of copper soars to record highs on global markets, criminals…
EU’s EV Tariff Hike on China Sparks Trade War Fears
The European Union’s decision to impose additional tariffs of up to 38.1% on electric vehicles imported from China has drawn criticism from Beijing and raised concerns about a potential trade war. The move follows an investigation into China’s state support…
Tesla’s Gigafactory Texas Tour: Shareholders Get an Exclusive Peek
Tesla is giving some lucky shareholders an inside look at its Gigafactory Texas. The company recently announced it would offer this unique tour to randomly selected shareholders who participated in a recent vote. Exclusive Invite to Giga Texas Just weeks…
Volvo Shifts EV Production to Europe Amid EU-China Tensions
Volvo, the Swedish automaker owned by China’s Geely, is moving production of its electric vehicles (EVs) from China to Belgium as the European Union (EU) considers imposing tariffs on Chinese-made EVs, according to a report by The Times. EU Investigates…
Tesla’s No-Refresh Model Y Strategy Sparks Interest
Tesla’s CEO Elon Musk has clarified that the company will not launch a refreshed Model Y this year, despite continuous improvements to the vehicle’s design and performance, reports Reuters. Musk’s Announcement On Saturday, Elon Musk took to social media platform…
Germany Warns Against Trade Barriers as EU Prepares EV Tariffs
Germany’s Stance on EV Tariffs German Chancellor Olaf Scholz has voiced his opposition to restricting automotive trade, as the European Union moves closer to imposing tariffs on electric vehicles (EVs) imported from China. Scholz emphasized that Germany’s auto industry, which…
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