Tesla (TSLA) gave an update on its Bitcoin holding in a new SEC filing – confirming that it now holds $1.99 billion in the cryptocurrency. Early in 2021, Tesla invested $1.5 billion in Bitcoin. Shortly after, the automaker started accepting the cryptocurrency as payment on new vehicles. However, a few days later, Tesla took a step back with… Continue reading Tesla (TSLA) is now holding about $2 billion in Bitcoin
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The Station: Autonowashing floodwaters are rising, driving the Kia EV6, and Cruise unlocks more Softbank cash
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Autonowashing… Continue reading The Station: Autonowashing floodwaters are rising, driving the Kia EV6, and Cruise unlocks more Softbank cash
Joby Aviation to launch air taxi service in South Korea
California-based electric vertical takeoff and landing startup Joby Aviation plans to offer an air taxi service in South Korea in partnership with SK Telecom (SKT), one of the country’s largest telecommunication companies. The two partners signed a strategic collaboration agreement on Sunday at Joby’s manufacturing facility in Marina, California. To provide better integration between land… Continue reading Joby Aviation to launch air taxi service in South Korea
Ford limits production at North American plants due to chip shortages
Stop us if you’ve heard this one before, but a North American automaker is about to temporarily reduce its manufacturing output due to the ongoing global chip shortage. A Ford spokesperson told Reuters on Friday the automaker would cut or suspend production at eight of its factories across the US, Mexico and Canada. The shutdown… Continue reading Ford limits production at North American plants due to chip shortages
Tesla Full Self-Driving Beta runs into a pole in what could be the first FSD accident caught on video
A Tesla vehicle using Full Self-Driving Beta has been caught on video running into a pole in what could be the first accident on the FSD Beta. Last month, Elon Musk was claiming that Tesla’s Full Self-Driving Beta had yet to have an accident in over a year into the program. That’s despite a Model… Continue reading Tesla Full Self-Driving Beta runs into a pole in what could be the first FSD accident caught on video
Fisker announces Ocean EV will make its debut in Europe at Mobile World Congress in Barcelona, alongside EU expansion plans
American EV automaker Fisker Inc. announced its flagship Ocean SUV will make its official debut in Europe at Mobile World Congress in Barcelona, Spain. The annual trade show will take place from February 28 to March 3, and will give visitors a first chance to see the Fisker Ocean up close in Europe, ahead of… Continue reading Fisker announces Ocean EV will make its debut in Europe at Mobile World Congress in Barcelona, alongside EU expansion plans
Emissions from new cars reach record low in the UK
Electric and hybrid vehicles drove emissions from new cars in the UK down to a record low in 2021, according to new data from a local industry group. But more investments in charging stations and public transport are needed for the UK to meet its goal of cutting emissions by 78 percent by 2035. Average… Continue reading Emissions from new cars reach record low in the UK
This is not a self-driving car
The way we talk about cars and driving is changing — faster than most people can really keep up. Which is why we need to be periodically reminded that just because a car brakes by itself, makes automatic lane changes, or even lets you take your hands off the wheel doesn’t make it an autonomous… Continue reading This is not a self-driving car
China Evergrande to push ahead with sale of HK land after receiver appointment
China Evergrande Group will continue with efforts to sell a plot of undeveloped land in Hong Kong even after the appointment of a receiver by a creditor, a person with direct knowledge of the matter said. The appointment of a receiver will also not have any bearing on the group’s restructuring process, said the person. U.S. asset manager Oaktree Capital Management, a lender to Evergrande to develop a vast land plot in the rural… Continue reading China Evergrande to push ahead with sale of HK land after receiver appointment
Chinese EV maker Nio weighs Singapore listing amid delayed HK plan: Report
Nio, a Chinese electric car-maker listed on the New York Stock Exchange (NYSE), is said to be exploring a listing on the Singapore Exchange (SGX) instead of an earlier plan of floating shares in Hong Kong amid uncertainties over local regulatory scrutiny. Nio recently held a meeting to discuss the potential of a secondary listing… Continue reading Chinese EV maker Nio weighs Singapore listing amid delayed HK plan: Report