eVTOL air taxi developer Joby Aviation has secured a fresh round of funding from previous investor Toyota Motor Corporation, totaling $500 million. With its investment, Toyota’s total funding committed to the eVTOL specialist inches closer to $1 billion. The money will help Joby secure flight certification and begin commercial production of its sustainable aerial technology.
Entertainment
Tesla is losing its long-time Chief Information Officer, Nagesh Saldi, according to a new report. He is one of many top Tesla executives who left or have been let go this year. Back in 2018, Electrek exclusively reported that Tesla let go of its Chief Information Officer (CIO), Gary Clark, as part of a major
Toyota will not make electric SUVs in the US starting next year as planned. According to a new report, Toyota is delaying production of new electric SUVs in the US by several months. The company is blaming the holdup on slowing EV sales in the US, but are they really? Why is Toyota delaying US-made
Tesla is recalling the Cybertruck again, but it’s another over-the-air software update fix, so it’s no big deal. But what it does is reveal how many Cybertrucks Tesla has produced to date. The Cybertruck has been in production for almost a year now and Tesla has yet to share officially how many it produced or
Tesla fans are starting a rumor that McDonald’s is going to partner with Tesla on its Robotaxi/Cybercab based on a cryptic message the fast-food chain posted. This is the post that started the speculation: The date is what triggered speculation from Tesla fans since the automaker is planning to unveil its Robotaxi at an event
Hurricane Helene. Image from CSU/CIRA & NOAA. Hurricane Helene has made its way through the southeast US as the strongest storm of the 2024 season and potentially the costliest storm ever recorded. But if you watch US media, you’d barely know that the true culprit behind Helene’s record-breaking strength is us – the climate change that
Elon Musk is celebrating winning a lawsuit over his misleading claims regarding Tesla’s self-driving program. However, before celebrating, he should take a closer look at the defense his lawyers took: puffery. By definition, “puffery” refers to exaggerated or false praise. It’s also a legal defense used by defendants in cases of false advertising or misleading statements.
Kia officially launched the 2025 Ray EV in Korea with the same low starting price of under $21,000. However, the new model year gains additional features. With incentives, the entry-level electric car can be bought for as little as $15,000 (20 million won) The “New Kia Ray” was reborn as an entry-level EV last year.
Tesla Powerwall installations are going vertical based on the latest data released by the company. There are now 750,000 Powerwall installed worldwide. Recently, we were surprised to see Tesla announce that it is now capable of producing 700,000 Poweralls per year. The surprise primarily came from the fact that, as of last year, Tesla had
Ford said it remains the second best-selling EV brand in the US behind Tesla, but is it really? Ford was topped by GM in Q3 electric vehicle sales as the race intensifies into the end of the year. Ford topped by GM in Q3 electric vehicle sales in the US On Monday, GM announced that
Photo: Tesla Tesla has discontinued its cheapest electric car model: the Model 3 Standard Range Rear-Wheel-Drive. Last night, Tesla updated its online Model 3 configurator. While we were focused on Tesla’s delivery numbers this morning, we didn’t even realize that the Model 3 Standard Range was gone from the automaker’s online configurator: At $39,000, it
Tesla (TSLA) has released its official deliveries and production results for the third quarter of 2024. The automaker confirmed that it delivered just short of 463,000 vehicles, which was Wall Street’s expectations. Tesla Q3 2024 Expectations After two quarters in a row with deliveries being down year-over-year, a first for Tesla in almost a decade,
Tesla remains a dominant force in Sweden’s auto market despite a unionization battle that has been dragging on for almost a year now. For almost a year now, Tesla service workers in Sweden have been on strike, demanding inclusion in a collective agreement. Tesla has historically opposed unions and successfully resisted unionization at its manufacturing
Electric aircraft developer BETA Technologies may have plans to provide its technology to cargo and medical transport to begin, but its longer-term goal is to implement passenger travel in its flagship ALIA eVTOL. Recently, the company shared a look at what that five-passenger vessel will look like before it launches commercial operations in the future. BETA
Hyundai set a new third-quarter retail sales record in the US, partially driven by “strong demand” for the all-electric IONIQ 5. The IONIQ 5 remains one of the best-selling EVs, with over 30,000 models sold in 2024. Hyundai IONIQ 5 sales reach 30,000 mark in Q3 2024 “We set an all-time retail sales record in
Tesla appears to be shifting its in-car music streaming strategy and it is crashing this stock in the process. Tesla doesn’t use phone-mirroring systems like Apple CarPLay and Android Auto. The automaker wants to own the entire in-car experience with its own user interface. When it comes to music streaming, Tesla had a long-term relationship
Tesla is declaring victory on achieving its September milestones for its autonomy roadmap, but we see the most important milestone missing. Earlier this month, Tesla released an AI product/self-driving roadmap that included milestones the team aimed to accomplish in the coming months. With September coming to a close and Tesla starting the rollout of Supervised
Hyundai just made its 100 millionth vehicle, marking a significant milestone. The accomplishment took just 57 years, much quicker than Toyota, Volkswagen, Ford, and GM. With long-range, fast-charging EVs rolling out, like the new IONIQ 5, Hyundai is laying the groundwork for a global sales run. Since 1967, Hyundai Motor has been trailblazing its own
CATL, the world’s largest battery supplier for electric vehicles and one of Tesla’s critical suppliers, had an important fire that raged for hours at one of its main Chinese battery factory. Contemporary Amperex Technology Co. (CATL) has emerged as the world’s largest battery cell supplier in the auto industry in the last few years, and
Buy a new Ford EV and get a free home charger as part of its new “Ford Power Promise.” The program is designed to finally put the EV misperceptions to rest while making it even easier to go electric. It’s “not range anxiety, but change anxiety,” Martin Delonis, Ford’s senior manager of business innovation and
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