Category: Automotive

Tesla cancels solar projects in mass, scales back solar division

Tesla has canceled solar projects in mass across the US as the company says that it is shutting down its solar operations in some markets. After years of its solar business slowing down since acquiring it through taking over SolarCity in 2016, Tesla’s solar division was finally getting some momentum over the last few quarters.… Continue reading Tesla cancels solar projects in mass, scales back solar division

First look: Tesla’s new Quicksilver Model Y

Tesla has publicly displayed the Model Y with the new multi-coat Quicksilver paint for the first time. What do you think? Tesla electric vehicle buyers have been waiting for new paint options for a long time. Back in the early days of the Model S, Tesla used to offer a variety of colors, but the… Continue reading First look: Tesla’s new Quicksilver Model Y

Tesla starts hiring for Cybertruck production

Tesla is starting to hire workers specifically for Cybertruck production at Gigafactory Texas, according to job listings seen by Electrek. When Tesla unveiled the Cybertruck back in 2019, Tesla said that the electric pickup truck would make it to market by the end of 2021. As the deadline was approaching, the automaker confirmed that production slipped… Continue reading Tesla starts hiring for Cybertruck production

Carvana shares jump more than 30% from record lows

People try their luck at winning a car from the Carvana vending machine at SXSW festival in Austin, Texas on March 12, 2016. Michelle Castillo | CNBC Shares of Carvana on Thursday put up their best day in roughly three months – representing a small, yet notable, rebound after significant declines for the used car… Continue reading Carvana shares jump more than 30% from record lows

Nio reports strong third-quarter revenue as it gears up for a big year-end production push

Employees stand next to a ET7 sedan at a NIO Inc. dealership in Shanghai, China, on Wednesday, June 8, 2022. Chinese electric vehicle maker Nio on Thursday reported a loss of $577.9 million for the third quarter, significantly wider than a year ago, despite strong revenue following a 29% increase in vehicle sales. Here are… Continue reading Nio reports strong third-quarter revenue as it gears up for a big year-end production push

President Biden says Elon Musk’s relationships with other countries are worth looking into

Joe Biden, left, and Elon Musk Evelyn Hockstein | Reuters; Andrew Harrer | Bloomberg | Getty Images Asked on Wednesday whether Tesla, SpaceX and Twitter CEO Elon Musk posed a threat to national security, President Joe Biden said that the centi-billionaire’s “relationships with other countries is worthy of being looked at.” At a White House… Continue reading President Biden says Elon Musk’s relationships with other countries are worth looking into