Tesla’s Bitcoin holdings are surging by riding the crypto wave initiated by Trump winning the US elections. However, the automaker has yet to start taking Bitcoin payments again. Tesla is one of the few major companies to invest in cryptocurrency. In early 2021, it bought $1.5 billion in Bitcoin and briefly accepted it as payment… Continue reading Tesla’s Bitcoin holdings surge by riding crypto wave
Author: Electrek Newsfeed
675 hp AUDI E, Cybercab hits the road, and BYD gets set to take down Ford
On today’s slightly confusing episode of Quick Charge, we’ve got a 675 hp AUDI concept that isn’t really an Audi, a self-driving Tesla hitting the roads around Giga Texas while the company pulls all the demand levers in Europe, electric garbage trucks from Mack arriving in Wisconsin, and more! In addition to the latest new… Continue reading 675 hp AUDI E, Cybercab hits the road, and BYD gets set to take down Ford
Toyota wants to make ‘even better cars’ to keep pace with EV leaders in China like BYD
Like most legacy automakers, Toyota is struggling to keep up in China’s intensifying EV market. However, the company isn’t planning to back down like some of its peers. Toyota wants to make “even better cars” while ramping output to keep pace with domestic leaders like BYD. Toyota wants to build as many as 3 million… Continue reading Toyota wants to make ‘even better cars’ to keep pace with EV leaders in China like BYD
Tesla spotted testing Cybercab robotaxi on Giga Texas roads
Tesla has been spotted testing its Cybercab robotaxi on roads at Gigafactory Texas, which is interesting as Tesla is limited on where it can test the steering-wheel-less vehicle. When Tesla unveiled the Cybercab last month, it did it at the Warners Bros studio lot, and it did so for a good reason. Tesla wanted to… Continue reading Tesla spotted testing Cybercab robotaxi on Giga Texas roads
765 hp AUDI E ditches the four rings, keeps the sexy wagon aesthetic
Static photo, Colour: Morning Haze Audi is embracing its future in China with the launch of a new Chinese market electric sub-brand called AUDI that ditches the iconic “four rings” logo in favor of four capital letters – but one thing it hasn’t ditched is AUDI Audi’s sexy teutonic long-roof design language. As you might… Continue reading 765 hp AUDI E ditches the four rings, keeps the sexy wagon aesthetic
GM is retiring another gas-powered model to make room for the next-gen Chevy Bolt EV
GM is retiring another gas-powered car at its Kansas plant to clear room for the next-gen Chevy Bolt EV. The facility will soon house a new “family of Bolt models” as GM brings back the popular, low-cost EV. GM is retiring the gas-powered Cadillac XT4 GM announced it will retire the gas-powered Cadillac XT4 SUV… Continue reading GM is retiring another gas-powered model to make room for the next-gen Chevy Bolt EV
It’s brutal out there: Audi to slash 4,500 jobs
Audi Q8 e-tron production at Brussels plant (Source: Audi AG) Following the news of sweeping cuts at Volkswagen, Nissan, and Stellantis, now VW-owned Audi announced plans to slash its workforce by 15%, with thousands of jobs on the chopping block. After sweeping layoffs at Volkswagen numbering in the tens of thousands, other jobs within the… Continue reading It’s brutal out there: Audi to slash 4,500 jobs
Tesla (TSLA) valuation surges to equal next 10 biggest automakers over Trump/Musk relationship
Tesla’s stock (TSLA) has surged to a $1 trillion valuation – seemingly over the assumption that the Trump and Musk relationship is going to benefit the automaker. The company is virtually worth more than the next 10 biggest automakers combined. Tesla has extended its post-election rally another 7% this morning – resulting in its valuation… Continue reading Tesla (TSLA) valuation surges to equal next 10 biggest automakers over Trump/Musk relationship
Tesla launches Cybertruck leases stating at $999 to boost demand
Tesla has launched Cybertruck leases starting at $999 a month to boost demand for its electric pickup truck. As we reported earlier this week, Tesla appears to have been running out of its backlog of Cybertruck reservation holders in the US based on the fact that people without reservations can order one and get it… Continue reading Tesla launches Cybertruck leases stating at $999 to boost demand
Nissan cuts 9,000 jobs and goes into ’emergency’ mode
Nissan is in full-scale emergency mode to save itself: the automaker is cutting 9,000 jobs, slashing production capacity, and selling off its stake in Mitsubishi Motors. The CEO is also reducing his own salary by half. CEO Makoto Uchida – who took the job amid the epic Carlos Ghosn disaster – today unveiled a “sweeping”… Continue reading Nissan cuts 9,000 jobs and goes into ’emergency’ mode