SpaceX

Ford Motor Co. sold $188.2 million additional shares of electric vehicle company Rivian on Friday after already selling $214 million shares earlier this week. Filings with the SEC on Friday reveal Ford sold around 7 million shares of Rivian, ...

How Elon Musk plans to evaluate Twitter’s bot problem

In order to determine how many of Twitter’s user accounts could be automated, Tesla CEO and potential Twitter owner Elon Musk is carrying out his own statistics project to get a real answer. Musk, who put his $44 billion ...

Elon Musk shares advice for new EV makers trying to follow Tesla’s success

Elon Musk knows a thing or two about making electric vehicles. Having led Tesla for about 14 years now, Musk is among the most experienced EV leaders in the automotive sector. And during a recent interview, Musk shared some ...

DHL locks in 44 EV truck order from Volvo for regional hauling

Global logistics provider DHL and Volvo Trucks announced today the signing of a cooperation agreement for an intended order of 40 Volvo FE and FL all-electric trucks to be used for regional hauling and package deliveries. The order includes 40 ...

Tesla places its India entry on hold after failing to secure lower import taxes: report

Tesla’s expansion into India has reportedly been placed on hold. The company’s decision comes after over a year of talks with the Indian government. With negotiations for lower vehicle import taxes reaching a stalemate, Tesla has reportedly decided to ...

Opinion: Tesla and India is the right thing at the wrong time

Tesla and India will not be working together any time soon, as new reports now indicate that Tesla has pulled its team responsible for entrance into the Indian market to other regions. Tesla and India might be a powerful ...

Wedbush calls Rivian a ‘long term winner,’ but admits it needs to ‘stop the excuses’

Despite Rivian Automotive’s (NASDAQ: RIVN) weak showing in its 2022 Q1 earnings report, Wedbush analysts remain bullish on the automaker in the long term. However, the team of financial experts, led by Dan Ives, said the excuses from Rivian ...

Tesla Model Y is still China’s best-selling premium SUV despite 98% sales drop in April

The Tesla Model Y is still China’s best-selling premium SUV — even if it practically had zero sales in April. Tesla China saw a 97.7% dip in sales last month, thanks to Giga Shanghai’s three-week shutdown. Tesla only sold ...

Elon Musk’s Twitter buyout deal “on hold” amid claims that less than 5% of users are spam/fake accounts

Tesla CEO Elon Musk has announced that his Twitter acquisition deal is “temporarily on hold,” at least until he receives details pertaining to the company’s spam or fake accounts. Twitter had indicated in a filing that spam or fake ...

SpaceX’s repaired Starship booster survives back-to-back cryoproof tests

SpaceX’s upgraded Starship booster has completed a second and third cryogenic proof test in rapid succession after undergoing repairs to fix damage suffered during the first round of testing. Testing began almost immediately after SpaceX rolled the repaired Super Heavy ...

Volkswagen ID.5’s driver assist tech gets top score in the Euro NCAP

Assistance Competence Safety Backup The European New Car Assessment Program (Euro NCAP) gave the Volkswagen ID.5 the highest possible score for its driver assist system, called Travel Assist. The Volkswagen ID.5 received a “Very Good” rating after receiving a ...

Elon Musk looks to eliminate margin loans from funding for Twitter buyout

Tesla CEO Elon Musk is looking to eliminate margin loans by raising more equity and preferred financing for his $44 billion Twitter buyout. The termination of a margin loan, which is leveraged against shares of Tesla stock that are ...

SpaceX ready to begin training astronauts for first private spacewalk

Two members of the “Polaris Program” say that SpaceX could begin training private astronauts for the first private spacewalk in spaceflight history as early as May or June 2022. Revealed earlier this year, the Polaris Program is a sort of ...

Rivian’s Q1 results prompts Wedbush’s sharp rebuke: “A train wreck since its IPO”

Rivian Automotive (RIVN) is up on Thursday’s intraday after the company reiterated its full-year production target. The company reported an adjusted loss per share of $1.43 in Q1, slightly beating consensus estimates of a loss per share of $1.45. ...

IKEA US plans to sell solar panels starting Fall 2022

Ikea U.S. recently announced a partnership with SunPower Corp. to provide residential solar solutions to customers. The initiative is called Home Solar with IKEA. It is expected to launch in Fall 2022 in select California markets. “The launch of ...

The Boring Company’s San Antonio project not a high priority: “I don’t know what it accomplishes”

The Alamo RMA’s Opinions Nonprofits Concerns for Endangered Species Nirenburg’s Focus San Antonio Mayor Ron Nirenberg doesn’t see the need for a Boring Company tunnel in his city. Mayor Nirenberg is focused on developing his transportation initiative, called ConnectSA, ...

Tesla to face jury in litigation over Model S crash in 2018

Tesla will face a jury in litigation over a 2018 Model S crash, resulting in the deaths of Barrett Riley and his friend, Edgar, in Florida. The trial may be set for July. On May 8, 2018, Barret Riley ...

Rivian reaffirms ~25K production goal for 2022, reports solid demand despite price increase

Supply Chain Challenges Preorders and Prices Rivian generated $95 million in revenue for Q1 2022, reporting a negative gross profit of $502 million. The EV startup also revealed that it produced 2,553 vehicles in the first quarter and delivered ...

Volkswagen to launch electric pickup & SUV in the US, production starts 2026

On Wednesday, May 11, Volkswagen Group’s Supervisory Board confirmed the company’s plans to launch an all-electric pickup truck and rugged SUV for the US market. VW plans to produce the electric pickup truck and rugged SUV under a separate ...

NASA Artemis delegation tours SpaceX’s Starship factory and launch pad

Thanks to the failure of Blue Origin’s NASA Human Landing System (HLS) lawsuit, SpaceX and the space agency were finally able to get back to work last month. Taking advantage of that, NASA astronauts and Artemis Program leaders recently took ...

Elon Musk confirms Russia is ramping its efforts to disrupt Starlink’s service in Ukraine

SpaceX’s Starlink satellite internet service has become invaluable to Ukraine amidst the country’s ongoing war against Russia. According to Elon Musk, however, Russia has increased its efforts to disrupt Starlink’s service to Ukraine. Fortunately, Musk also stated that Russia ...

Tesla wants Panasonic to ramp the development of its 4680 cells: CFO

In a statement on Wednesday, Panasonic Chief Financial Officer (CFO) Hirokazu Umeda revealed that Panasonic Holdings Corp. is being asked by Tesla to speed up its development of 4680 cells. Tesla’s demand for 2170 cells also remains strong, according ...

A Tesla Megapack caught fire last July in Australia — We now know what happened

Last July, a Tesla Megapack in the 300MW/450MWh Victoria Big Battery caught fire while it was being tested. The fire spread to another battery, resulting in two Megapacks in the installation being destroyed. An investigation into the incident was ...

Elon Musk expects to remain at Tesla as long as he is “useful” for the company

Elon Musk recently confirmed that he intends to stay at Tesla as long as he can provide value for the electric vehicle maker. Musk’s comments were shared during his interview at the Financial Times‘ Future of the Car 2022 ...

Tesla to add industry connectors to Supercharger Network in the US

During an earnings call back in 2018, Tesla CEO Elon Musk announced that the Supercharger Network is not a “walled garden.” Musk stated then that other EV manufacturers are welcome to use the Supercharger Network provided that they share ...

Tesla China exports first batch of electric cars since resuming vehicle production

Tesla China’s wholesale figures may have seen a massive drop in April as Giga Shanghai was shut down amidst the country’s anti-Covid measures, but May is shaping up to be completely different. This was highlighted recently when Tesla China ...

SpaceX President updates schedule for Starship’s orbital launch debut

Will FAA or won’t FAA? A series of tubes SpaceX COO and President Gwynne Shotwell says that the company now expects Starbase to be ready for Starship’s first orbital launch attempt as early as June or July, pushing the ...

Volkswagen Scout brand comeback teased as part of its US expansion plans

Volkswagen plans to revive the Scout off-road vehicle brand. The Scout brand’s resurrection will help Volkswagen in its bid to expand in the United States. People familiar with the matter told the The Wall Street Journal that VW’s board ...

Ford sells 8M Rivian shares for $214M and is still its fourth-largest shareholder

Ford sold eight million Rivian shares for $26.80 per piece, amounting to $214 million in total, according to a Form 4 SEC filing on May 10, 2022. Despite selling a chunk of its Rivian shares, Ford remains the EV ...

Tesla might stop taking orders if delivery times get too long

Tesla might stop taking custom vehicle orders once delivery times get too long. In an interview with Financial Times (FT), the host asked Elon Musk if his actions with Twitter could potentially lead to a “commercial impact” on Tesla. ...

NHTSA confirms Tesla will halt in-car gaming while vehicle is in motion

Tesla will deactivate Gaming features while its vehicles are in motion following the launch of an NHTSA probe into the feature. Yesterday, the NHTSA announced that it would launch a probe investigating the “Passenger Play” features within a Tesla. ...

Tesla signs one-year, $422M contract with Hyundai Glovis to ship Giga Shanghai exports

Tesla has signed a one-year, $422 million contract with South Korean logistics company Hyundai Glovis to transport vehicles from the automaker’s Gigafactory in China to other regions. Tesla has been using Gigafactory Shanghai, located on the southern shores of ...

Here’s exactly what Elon Musk said about letting Trump back on Twitter

During his interview with Financial Times, Tesla CEO Elon Musk stated that he would allow former U.S. President Donald Trump to return to Twitter if the deal goes through after he secured a $44 billion deal for the social media ...

Tesla CEO Elon Musk says Volkswagen is no. 2 in electric vehicles

Elon Musk said Volkswagen was the company making the most progress on electric vehicles following his automaker, Tesla, after being asked which startups impressed him the most during an interview with Financial Times. Interestingly, the question did not ask Musk ...

Made-in-Germany Tesla Model Y proves surprisingly fun in the Nurburgring

Elon Musk was not joking. Teslas are really things that maximize fun. This is true, it seems, even if one drives the company’s “slowest” performance car around one of the world’s most famous and most dangerous racetracks. The Tesla ...

SpaceX to ramp its Tesla Powerpack installations at its Starbase facility

Reports have emerged stating that SpaceX is expanding its onsite solar and battery storage systems at its Starbase facility in Boca Chica, Texas. The expansion will reportedly add 750 kW of solar and about 4 MWh of energy storage. ...

Rivian chooses Georgia for its next electric vehicle production plant

Rivian Automotive has chosen Georgia as the location for its next United States production plant. The company confirmed this in its Q3 2021 Earnings Call Shareholder Deck earlier today. “Building our recently announced second domestic manufacturing facility near Atlanta, ...

GMC Hummer EV makes its way to customers for first deliveries

After a long-anticipated wait, the GMC Hummer EV is finally making its way to customers for first deliveries, the automaker announced earlier today. “The first 2022 GMC HUMMER EV Pickups have been produced at Factory ZERO, and customer deliveries will ...

Tesla hit with new lawsuit over Musk’s stock sale Twitter poll, Warren Tweets

Tesla is being hit with a new lawsuit from institutional investors that questions whether the frontman’s Tweets are being reviewed. Several Tweets brought on the lawsuit, including one, sent on November 6th that polled Musk’s over 66 million followers ...

Tesla to roll out OTA update to address infotainment system display issue

Tesla is rolling out a free over-the-air (OTA) software update for select vehicles to address an overheating issue on the EVs’ center touchscreens. The update is being labeled as a safety recall, as per the National Highway Traffic Safety ...

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