A driver operates a Daimler Freightliner eCascadia all-electric semitruck during a Meijer delivery in Bath, Michigan, US, on Tuesday, Feb. 14, 2023. Emily Elconin | Bloomberg | Getty Images The Environmental Protection Agency on Friday said it’s granting California the legal authority to require that half of all heavy-duty truck sales in the state be… Continue reading California to require half of all heavy trucks sales to be electric by 2035
Author: CNBC Online news
Tesla issues recall on Semi over defective brake module, rollaway risk
Tesla Semi Courtesy: Tesla Tesla has issued a voluntary recall on the Semi, a first since the company began deliveries of the heavy-duty electric trucks to customers in December 2022. According to recall filings posted on the website of the National Highway Traffic Safety Administration, 35 Semi trucks were affected. The trucks were built with… Continue reading Tesla issues recall on Semi over defective brake module, rollaway risk
Nikola shares sink after its $100 million stock offering priced at 20% below market
Nikola Motor Company Source: Nikola Motor Company Electric heavy-truck maker Nikola said that its planned $100 million secondary stock offering, announced on Thursday after U.S. markets closed, has priced at $1.12 per share – 20% below the stock’s Thursday closing price of $1.40. Nikola’s shares closed on Friday at $1.21, down over 13%. Even with… Continue reading Nikola shares sink after its $100 million stock offering priced at 20% below market
EV tax credit rules are about to get a lot more complicated
Ben Hasty | MediaNews Group/Reading Eagle via Getty Images The Treasury Department on Friday proposed new rules for determining which EVs will be eligible for tax credits under the new “critical mineral” and battery component requirements included in last year’s Inflation Reduction Act. While the Treasury Department hasn’t yet said which vehicles are eligible for… Continue reading EV tax credit rules are about to get a lot more complicated
Xpeng expands assisted driving tech coverage to Shanghai, something Tesla doesn’t offer in China
Xpeng showroom in Beijing showing the P7 electric sedan. Vcg | Visual China Group | Getty Images SHANGHAI — Chinese electric car company Xpeng announced Friday it will be rolling out its latest assisted driving software to users in the metropolis of Shanghai, something its U.S. rival Tesla does not offer in China. Previously the… Continue reading Xpeng expands assisted driving tech coverage to Shanghai, something Tesla doesn’t offer in China
Nikola announces a $100 million stock offering
U.S. Nikola’s logo is pictured at an event held to present CNH’s new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, December 3, 2019. Massimo Pinca | Reuters Electric heavy-truck maker Nikola said on Thursday that it plans to raise $100 million via a secondary stock offering to… Continue reading Nikola announces a $100 million stock offering
Ford hikes prices on its F-150 Lightning as production resumes after EV battery fire
Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. Ford Motor said that it has resumed full production of its electric F-150 Lightning pickup following a February battery fire — and that it’s once again raising prices on the popular truck. Ford said the standard-range Lightning… Continue reading Ford hikes prices on its F-150 Lightning as production resumes after EV battery fire
EVgo shares are surging after fourth-quarter results trounce Wall Street estimates
U.S. Secretary of Transportation Pete Buttigieg looks at an EVgo charging station during an electric vehicles event outside of the Department of Transportation October 20, 2021 in Washington, DC. Drew Angerer | Getty Images EV charging network operator EVgo on Thursday reported fourth-quarter revenue that beat Wall Street expectations and posted a narrower-than-expected loss as… Continue reading EVgo shares are surging after fourth-quarter results trounce Wall Street estimates
Tesla has only installed 3,000 Solar Roof systems in the U.S., far below forecast, study finds
Tesla vehicles parked outside a home with a Tesla Solar Roof on Weems Street in Boca Chica Village, Texas, U.S., on Monday, June 21, 2021. Veronica G. Cardenas | Bloomberg | Getty Images Tesla has only installed 3,000 of its Solar Roof systems in the U.S. since touting the technology seven years ago, according to… Continue reading Tesla has only installed 3,000 Solar Roof systems in the U.S., far below forecast, study finds
Lucid to cut 1,300 workers amid signs of flagging demand for its EVs
Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021. Andrew Kelly | Reuters Struggling EV maker Lucid said in a regulatory filing on… Continue reading Lucid to cut 1,300 workers amid signs of flagging demand for its EVs