In Southern District of New York federal court on Thursday, Nikola founder Trevor Milton was charged with securities fraud. The charges allege that Milton made a series of materially false claims which portrayed the electric vehicle company Nikola as far closer to releasing a functional product than it actually was, and raising more than $500… Continue reading Nikola founder charged with securities fraud
Author: The Verge Online News
Lucid Motors goes public, collects $4.5 billion
Electric vehicle startup Lucid Motors is now a publicly traded company, following the completion of a merger where it fetched an eye-watering $4.5 billion in fresh capital. Shares of the Saudi-owned, California-based startup began trading on the Nasdaq stock exchange Monday morning. Lucid Motors will now turn its full attention back to an even taller… Continue reading Lucid Motors goes public, collects $4.5 billion
Lucid Motors’ $4.5 billion merger is being held up by spam filters
Lucid Motors is on the precipice of completing a merger that will give the Saudi-owned electric vehicle startup $4.5 billion in fresh capital. But the deal is being held up, in part, by spam filters. The California-based startup is merging with a special purpose acquisition company, or SPAC, called Churchill Capital IV that is already… Continue reading Lucid Motors’ $4.5 billion merger is being held up by spam filters
Faraday Future just became a publicly traded company
Electric vehicle startup Faraday future is a publicly traded company. It’s okay, I’ll give you a moment. I’ve been reporting on Faraday Future for four years and it has even stunned me a few times in recent weeks. But it’s true: today, the startup’s shares began trading on the Nasdaq stock exchange, and a fresh… Continue reading Faraday Future just became a publicly traded company
One of the biggest myths about EVs is busted in new study
A new study lays to rest the tired argument that electric vehicles aren’t much cleaner than internal combustion vehicles. Over the life cycle of an EV — from digging up the materials needed to build it to eventually laying the car to rest — it will release fewer greenhouse gas emissions than a gas-powered car,… Continue reading One of the biggest myths about EVs is busted in new study
Lightyear finds a manufacturer to build its solar-powered EV
Dutch startup Lightyear has found a manufacturing partner to build its solar-powered electric car, the Lightyear One. Finnish contract manufacturer Valmet Automotive signed a letter of intent with the startup this week, and the two companies plan to start building prototypes together in early 2022, with an eye on midyear for the beginning of production… Continue reading Lightyear finds a manufacturer to build its solar-powered EV
Lidar maker Velodyne loses its CEO amid internal chaos
Velodyne, a leading manufacturer of lidar laser sensors, announced that CEO Anand Gopalan would be stepping down. The news comes as the sensor company has been embroiled in a bitter war between its founder, David Hall, and the company’s board of directors. Gopalan, who previously served as Velodyne’s chief technology officer before taking the reins… Continue reading Lidar maker Velodyne loses its CEO amid internal chaos
Rivian delays first electric pickup deliveries to September
Rivian has delayed the first deliveries of its long-awaited electric pickup truck again, this time until September. Rivian CEO RJ Scaringe broke the news to buyers in an email sent Friday morning. The Amazon and Ford-backed EV startup originally planned to start delivering its electric pickup, the R1T, and its SUV, the R1S, in 2020.… Continue reading Rivian delays first electric pickup deliveries to September
EU proposes phasing out new internal combustion cars by 2035
The European Union has proposed phasing out gas-powered internal combustion engine vehicles by 2035, part of a sweeping new plan to drastically reduce carbon emissions on the continent. If passed, the legislation would require a 55 percent cut in overall CO2 emissions from new vehicles by 2030 compared to current levels. As it stands, the… Continue reading EU proposes phasing out new internal combustion cars by 2035
Mercedes-Benz’s new Roadster has a flippy touchscreen
Large touchscreens are commonplace in new cars these days, and the bigger these rectangular screens get, the fewer things you can do with the hardware to really differentiate from the competition. Perhaps that’s why, in the new 2022 AMG SL Roadster, Mercedes-Benz is taking the screen out of the dashboard, anchoring it to the center… Continue reading Mercedes-Benz’s new Roadster has a flippy touchscreen