But mass producing automobiles is a challenge of a different magnitude. Initial versions of the Air cost almost $35,000 more than a top-of-the-line Tesla Model S Plaid. To be profitable, Lucid must appeal to more than just a superwealthy elite. “Lucid’s biggest risks are getting to scale and capacity,” said Daniel Ives, a senior analyst… Continue reading He Helped Build Tesla. Now He Hopes to Do the Same at Lucid.
Author: New York Times Online News
JPMorgan says Tesla owes it $162 million because of an Elon Musk tweet.
Elon Musk’s Twitter post about taking Tesla private is still dogging him, more than three years later. On Monday, JPMorgan Chase sued Tesla in federal court, seeking $162 million that the bank says the electric automaker owes it under a stock options contract the companies signed in 2014. At the heart of the dispute is… Continue reading JPMorgan says Tesla owes it $162 million because of an Elon Musk tweet.
Rivian, an E.V. maker with big ambitions but few sales, will build a new factory in Georgia.
Rivian Automotive, an electric vehicle company that had an initial public offering last month, said on Thursday that it planned to spend $5 billion to build its second factory, in Georgia. The announcement, which came on the same day that Rivian said it lost $1.2 billion in the three months ending in September, was the… Continue reading Rivian, an E.V. maker with big ambitions but few sales, will build a new factory in Georgia.
Valtteri Bottas Moves to a New Team in F1
After five years with Mercedes, Valtteri Bottas has bittersweet feelings about his time with the team. Bottas won 10 Grands Prix, scored 20 pole positions and helped Mercedes win five consecutive constructors’ titles. The problem for Bottas was that he was teammate to Lewis Hamilton and unable to realize his dream of winning a drivers’… Continue reading Valtteri Bottas Moves to a New Team in F1
Toyota Outlines Electric Vehicle Expansion Plan
Toyota, the world’s largest carmaker, belatedly joined the electric vehicle bandwagon on Tuesday, saying it hoped that by the end of the decade battery-powered cars would account for one-third of sales and almost all of the sales of its Lexus luxury brand. The Japanese automaker pioneered hybrid vehicles that use electric and gasoline motors, but… Continue reading Toyota Outlines Electric Vehicle Expansion Plan
Lewis Hamilton or Max Verstappen? Abu Dhabi Race to Decide F1 Champion
For only the second time in Formula 1 history, two drivers go into the final Grand Prix of a season tied for the championship. After 21 races, Lewis Hamilton and Max Verstappen head into the Abu Dhabi Grand Prix on Sunday facing a winner-takes-all showdown. “It is a dream scenario,” said Daniel Ricciardo of McLaren.… Continue reading Lewis Hamilton or Max Verstappen? Abu Dhabi Race to Decide F1 Champion
Elon Musk Sells $5 Billion in Tesla Stock
Elon Musk, the chief executive of Tesla, disclosed on Wednesday that he had sold about $5 billion worth of Tesla shares, in part to cover his tax obligations after exercising options on a large tranche of stock. Mr. Musk sold about 4.5 million shares between Monday and Wednesday, according to filings with the Securities and… Continue reading Elon Musk Sells $5 Billion in Tesla Stock
Looking for a Way to Soup Up Your Car? Go Electric.
When G.M.’s e-crate is released, it will be part of a complete implementation package including batteries and a computer management system. According to Mr. O’Blenes, the company feels this is the best way to ensure modifications are done safely. Ford’s e-crate, released earlier this month, is the motor only; buyers must acquire, design and install… Continue reading Looking for a Way to Soup Up Your Car? Go Electric.
A New Mercedes SL Stresses Horsepower and Verve
Under the long hood is a sophisticated and potent engine. The small cabin is just right for two adults. The tapering trunk is roomy enough to carry golf clubs, or the accouterments for a long weekend in Monaco or Montecito. A convertible top completes the package. This formula dates to 1954 for the Mercedes SL,… Continue reading A New Mercedes SL Stresses Horsepower and Verve
Rivian, the Electric-Truck Maker, Closes with a Big Gain After Its I.P.O.
Charging remains a challenge for all companies introducing electric vehicles. While stations are available in many urban centers, their numbers are fewer in suburbs and many less densely populated areas have no charging infrastructure. That could be a particular issue for Rivian since it expects owners to take its vehicles out into the wilderness where… Continue reading Rivian, the Electric-Truck Maker, Closes with a Big Gain After Its I.P.O.