Tesla (TSLA) is still the most shorted stock out of all the US large-caps, and Elon Musk suspects that Bill Gates still has a large position against the company. Shorts, people betting against the stock of a company, have long played a part in Tesla’s history on the stock market. Throughout the years, Tesla was
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Hyundai is taking a page from Tesla as it plans to model a new EV production method after its Giga Casting. The new process,”hypercasting,” can significantly cut costs while boosting output. According to an exclusive report from the Korean newspaper Hankyung, Hyundai’s new EV production method is inspired by Tesla’s Giga Casting. The process involves
Three major automakers have come forward and announced an equally-owned company focused on creating a single, cost-effective platform to connect EV drivers, automakers, and utility companies. BMW Group, Ford Motor Company, and American Honda Motor Company have partnered up to create ChargeScape, LLC – potentially unlocking new value as an EV owners in North America.
A picture of a Tesla robotaxi “concept” was revealed in the new Elon Musk biography today. It is interesting, but I would also take it with a grain of salt. The Walter Isaacson biography of Elon Musk came out today. In recent weeks the biographer, who has been embedded in Musk’s life for years, has
Tesla Semi Image credit: u/Tutrifor Several Tesla Semi trucks are participating in a fascinating, new independent test study, and the electric truck is starting to prove itself. The North American Council for Freight Efficiency (NACFE) has started its new Run on Less program to test several electric trucks in real-world conditions and release the data
Repeatedly listening to your own 30-second track on Spotify won’t make you around £960 ($1,200) a month, the streaming giant’s chief executive has said. It comes after an analysis by JP Morgan, reported by the Financial Times, suggested the Swedish music firm’s royalty structure could be manipulated by artists, or even regular users. The newspaper
Tesla’s Cybertruck is just about ready to enter production, but a test vehicle was caught on video causing a potentially dangerous situation as its aerodynamic wheel cover came off in traffic, striking another vehicle and flying into the sky. Ever since it was originally unveiled, the Cybertruck has had some pretty cool-looking aerodynamic wheel covers.
Will Blink Charging’s new partnership with the Tennessee Valley Authority (TVA) revive Tennessee’s stagnant Fast Charge TN Network plan? September 11 update: A ChargePoint DC fast charging station came online last week in Brownsville, Tennessee, as part of TVA’s Fast Charge Network. Brownsville Mayor William Rawls said at the ribbon cutting that it was the only fast
Volkswagen has launched the 2024 ID.6 Crozz electric SUV, a refresh of its three-row electric SUV. The new Volkswagen EV features an improved range, design updates, and a starting price of around $35,500 (258,900 yuan). Volkswagen introduces 2024 ID.6 Crozz electric SUV The ID.6 Crozz is produced by the automaker’s joint venture (JV), FAW-VW. It
Hyundai’s fully electric SUV is getting an upgrade. The IONIQ 5 was spotted testing in the US with a fresh facelift… including what’s likely a new interior. The Hyundai IONIQ 5 was launched in 2021 as the brand’s first dedicated EV built on its E-GMP platform. Since then, Hyundai’s electric SUV has climbed to become
Porsche and Audi, two Volkswagen premium brands, are issuing recalls for 2023 electric vehicle models, including the Taycan and e-tron GT. Nearly 7,000 EVs are being recalled due to insufficient battery sealant that may allow liquid to enter, posing a fire risk. Although no incidents have involved fires, the automakers are issuing recalls out of
BMW Group announced plans to invest about $750 million in a UK facility of its Mini sub-brand. The money will be used to revamp the Oxford plant to support electric MINI production as the brand looks to go 100% EV in the coming years. In the spring of 2021, BMW Group marque MINI shared intentions
An EV driver in Georgia called the police on the US Energy Secretary, Jennifer Granholm, after her staff blocked a public charger with a gasoline car to “reserve” it for her upcoming convoy of EVs that she was using to highlight the White House investment in electric vehicles. Earlier this summer, US Energy Secretary Jennifer
A new excerpt from Elon Musk’s biography confirms that Tesla will build its first next-generation electric cars in Texas rather than at the upcoming Gigafactory Mexico. This should be reassuring amid potential delays in building the new plant. At Tesla’s 2023 Investor Day in March, the automaker unveiled a new car manufacturing system, which CEO Elon
Tesla’s (TSLA) stock is rising in pre-market trading on an optimistic new report about the automaker’s Dojo supercomputer coming from Morgan Stanley. The firm massively increased its price target on Tesla’s stock because of it. Dojo is Tesla’s own custom supercomputer platform built from the ground up for AI machine learning and, more specifically, for
Apple Maps EV routing, a feature that first debuted at WWDC in 2020, will soon expand to its third car. Ford is reportedly informing dealers that its F-150 Lightning electric truck will support EV routing in Apple Maps starting sometime later this year… Apple Maps EV routing first debuted for the Ford Mustang Mach-E in
Chinese automaker Changan revealed a fully electric concept car, dubbed the CD701, that can convert from an SUV to a pickup at the push of a button. Chinese automaker shows off electric SUV/pickup vehicle The state-owned Chinese legacy automaker introduced the new EV under its Qiyuan brand at the Changan Auto Tech Ecosystem Summit this
Tesla has reached the milestone of having deployed 50,000 Superchargers around the world. It took the automaker just over a decade to do it. Any way you want to slice it, the Supercharger network is a major success story and by far the best fast-charging network for electric vehicles in the world. When bringing its
According to a new report, Mercedes-Benz plans to launch new EVs powered by BYD’s LFP Blade battery. The move comes after the German luxury automaker revealed its new CLA electric sedan concept, the first of its entry-level class designed to take on EV leaders like Tesla. Chinese newspaper CBEA reported that Mercedes-Benz will begin production
Tesla has started Powerwall 3 installations despite not officially unveiling the product yet. The first installations confirm Electrek‘s first exclusive reports, but we are still missing details. In April, Electrek reported that Tesla was preparing to launch the Powerwall 3 as we discovered the new product had been certified by a handful of electric utilities in the US. At
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