Tesla (TSLA) saw its valuation crashed by over $100 billion in a matter of days, but one top Wall Street analyst says that the electric automaker could be worth $1 trillion by the end of the year. The broader market has seen a correction over the last few weeks, but the EV sector and Tesla,… Continue reading Tesla (TSLA) erased $100 billion in value, but it could be worth $1 trillion this year, says top analyst
Author: Electrek Newsfeed
Tesla takes part in deal to take over controversial nickel mine in New Caledonia
Tesla is listed as a “technical partner” in a deal to take over a very large and controversial nickel mine in New Caledonia. Lately, Tesla CEO Elon Musk has been pushing for nickel producers to boost production as he expects the resource could become a bottleneck for battery production. It’s likely the reason why the automaker decided… Continue reading Tesla takes part in deal to take over controversial nickel mine in New Caledonia
GM and LG are looking to build another battery factory in the US
GM has confirmed that it is working with LG to build another battery factory in the US under their joint-venture. Automakers who are serious about electrifying their vehicle lineup have to secure large amounts of batteries. Some are doing it through contracts with established battery suppliers, and other automakers are getting more involved in the… Continue reading GM and LG are looking to build another battery factory in the US
Battery startup Ample announces autonomous swapping stations
EV startup Ample today announced the rollout of its new modular battery swapping technology. A fully autonomous station deploys robots to remove and replace modules from an electric vehicle containing Ample’s modular battery architecture. These swapping stations are currently operational in California’s Bay Area. Ample wants to help put 1 billion EVs on the road… Continue reading Battery startup Ample announces autonomous swapping stations
Which electric vehicles still qualify for US federal tax credit?
As sales of electric vehicles continue to surge entering 2021, many new and prospective customers have questions about qualifying for federal tax credit on electric vehicles. Whether you qualify is not a simple yes or no question… well, actually it sort of is, but the amount you may qualify for varies by household due to… Continue reading Which electric vehicles still qualify for US federal tax credit?
India offers big incentives to Tesla to establish electric car factory in the country
India says that it is prepared to offer Tesla big incentives to establish an electric car factory in the country and beat Chinese prices. Over the last few months, there have been more rumors of Tesla looking to establish manufacturing and/or research and development in India. Local government officials have revealed talks with Tesla executives, and… Continue reading India offers big incentives to Tesla to establish electric car factory in the country
Tesla is losing market shares to Ford Mustang Mach-E, according to Morgan Stanley
Morgan Stanley is out with a new report stating that Tesla is losing market shares to the Ford Mustang Mach-E in the US. The firm released its February 2021 US auto sales report and they found that electric vehicle sales were up by almost 40%. Tesla still had majority market shares, but it fell compared… Continue reading Tesla is losing market shares to Ford Mustang Mach-E, according to Morgan Stanley
Elon Musk: Tesla aims to release new version of Full Self-Driving Beta next month with wider access
Elon Musk says that Tesla aims to release new version of its Full Self-Driving Beta software with “Autosteer on city streets” next month, and it should come with a wider release to more customers. Back in October 2020, Tesla started to push a Full Self-Driving Beta release to owners in the “Early Access” program, a… Continue reading Elon Musk: Tesla aims to release new version of Full Self-Driving Beta next month with wider access
Electric vehicle spotlight (EVS): Faraday Future
We continue to spotlight up-and-coming or lesser-known electric vehicle companies, with Faraday Future. The Los Angeles based-automaker has had its fair share of ups and downs and controversies around electric vehicle technologies. With its first production EV in road testing, Faraday Future remains an automaker to watch. Faraday Future has come a long way in… Continue reading Electric vehicle spotlight (EVS): Faraday Future
Tesla gives up on drive-in restaurant but location is set to become big Supercharger V3 station
Tesla appears to be giving up on its idea for a drive-in restaurant in Los Angeles, but the location is set to become one of the biggest Supercharger V3 stations in the world. In 2018, Elon Musk said that Tesla plans to open an “old school drive-in, roller skates & rock restaurant at one of the new… Continue reading Tesla gives up on drive-in restaurant but location is set to become big Supercharger V3 station