Category: News Site

Honda warns of parts shortage due to UK port woes

The Covid outbreak has also caused problems – which were exacerbated when thousands of containers of PPE imported on behalf of the government were simply left within the port for weeks, adding to the gridlock. And after the lockdown in the first half of the year, the volume of goods being imported has been much… Continue reading Honda warns of parts shortage due to UK port woes

German Manager Magazin: Tesla announces capital increase, share gives up000394

Elon Musk (49) uses the latest record run of the TeslaShares for a further capital increase of five billion dollars (4.13 billion euros). Ten major banks, including Goldman Sachs, Citigroup Global Markets and Morgan Stanley, will carry out the sale of the shares, as the US electric car maker announced. With the fresh capital, Tesla… Continue reading German Manager Magazin: Tesla announces capital increase, share gives up000394

Tokyo one-ups rest of Japan with 2030 electric vehicle goal

TOKYO — Tokyo has set a goal for all new cars sold in the city to be hybrids or electric vehicles by 2030, Gov. Yuriko Koike said in a meeting of the Tokyo Metropolitan Assembly on Tuesday, declaring that the onus is on the world’s major cities to limit greenhouse gas emissions. Japan’s capital has… Continue reading Tokyo one-ups rest of Japan with 2030 electric vehicle goal

Aurora is Acquiring Uber’s Self-Driving Unit, Advanced Technologies Group, Accelerating Development of the Aurora Driver

Through a strategic partnership with Uber, Aurora paves a path for delivering the Aurora Driver broadly PITTSBURGH–(BUSINESS WIRE)–Aurora, the self-driving car company, announced today that they are acquiring Uber Technologies Inc.’s (NYSE: UBER) self-driving unit, Advanced Technologies Group (Uber ATG). ATG’s team and technology will accelerate Aurora’s mission and the delivery of our first product… Continue reading Aurora is Acquiring Uber’s Self-Driving Unit, Advanced Technologies Group, Accelerating Development of the Aurora Driver

Tesla to raise another $5bn by selling shares

Tesla Electric carmaker to join blue-chip S&P 500 index as its stock price continues to soar Tesla Model 3 cars at its factory in Shanghai, east China. Photograph: Xinhua/Rex/Shutterstock Tesla is to raise up to $5bn selling new shares, as the electric carmaker takes advantage of an almost 900% surge in its share price over… Continue reading Tesla to raise another $5bn by selling shares

Tesla files to sell $5B in stock while its shares are richly valued

Tesla is striking while its share price — and ballooning market cap — is hot, filing today to sell $5 billion in shares after investors bid its equity to record levels. The newly announced dilutive fundraising event is having a muted impact on its value, which is off 2.3% in pre-market trading as investors digested… Continue reading Tesla files to sell $5B in stock while its shares are richly valued

VW and Bill Gates-backed QuantumScape claims 80% charge in under 15 minutes for solid-state battery tech

California-based QuantaumScape Corp (QuantumScape) a company focussing on the development of next-generation solid-state lithium-metal batteries for use in electric vehicles (EVs), has released performance data, which it says demonstrates its capability to address fundamental issues holding back widespread adoption of high-energy-density solid-state batteries, including charge time (current density), cycle life, safety, and operating temperature. The… Continue reading VW and Bill Gates-backed QuantumScape claims 80% charge in under 15 minutes for solid-state battery tech

Tesla ordered to stop cutting down trees at its Berlin factory construction site because of hibernating snakes (TSLA)

Hibernating snakes are complicating Elon Musk’s plans for a gigafactory near Berlin. A German court has told the U.S. billionaire’s electric vehicle company Tesla to suspend clearing of a forest at the site of the proposed factory after environmentalists said that cutting down more trees could endanger hibernating snakes. “The Landesumweltamt (state environmental authority) and Tesla will now be… Continue reading Tesla ordered to stop cutting down trees at its Berlin factory construction site because of hibernating snakes (TSLA)

Tesla retreats from record highs after announcing share sale of up to $5 billion (TSLA)

Odd Andersen/AFP via Getty Images Tesla retreated from record all-time-highs on Tuesday after the electric vehicle manufacturer announced a $5 billion “at-the-market” share offering. The “at-the-market” offering allows Tesla to sell up to $5 billion worth of stock directly into the public markets at its discretion, taking advantage of potential price swings on specific days. … Continue reading Tesla retreats from record highs after announcing share sale of up to $5 billion (TSLA)