EV startup Faraday Future recently notified the Securities and Exchange Commission (SEC) that it is unable to file multiple reports pertaining to the third fiscal quarter of 2021. Faraday Future states the reason for the delay is due to a special committee performing an independent internal review into allegations made by a noted “short seller” in… Continue reading Faraday Future delays SEC filings amid internal review of short seller allegations
Category: Tech News
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Tesla (TSLA) maintains $1 trillion market cap despite Musk selling more shares, Rivian reaches $145B
Tesla (TSLA) has managed to maintain its $1 trillion market cap despite CEO Elon Musk continuing to sell shares. EV stocks are doing great, with Rivian also up – now worth north of $145 billion. Tesla shareholders are used to a wild ride, but things have been especially wild over the last two weeks since… Continue reading Tesla (TSLA) maintains $1 trillion market cap despite Musk selling more shares, Rivian reaches $145B
Tesla Semi gets out for a quick charge at Megacharger amid important visit
Tesla took out a Tesla Semi truck to charge at its Megacharger station at Gigafactory Nevada as the company received an important visit. Things are starting to move on the Tesla Semi front. When unveiling the electric semi-truck back in 2017, Tesla said that deliveries would start in 2019. Clearly, the program has been delayed… Continue reading Tesla Semi gets out for a quick charge at Megacharger amid important visit
As Evergrande scrambles to pay debts, its chief’s luxury assets come into focus
As developer China Evergrande Group scrambles to meet its debt obligations, its founder is freeing up funds from luxury assets including art, calligraphy and two high-end homes, according to filings and a person with knowledge of the matter. Chinese authorities have told Evergrande chairman Hui Ka Yan, 63, to use some of his personal wealth to help pay bondholders,… Continue reading As Evergrande scrambles to pay debts, its chief’s luxury assets come into focus
Lucid Group’s customer reservations top 17,000 since end of third quarter
Lucid Group completed its first quarter as a public company with a booming stock price and customer deliveries underway, as it seeks to grab the top spot in the burgeoning luxury EV market. The company has come a long way since its founding as Atieva in 2007. After shifting its focus from EV battery and… Continue reading Lucid Group’s customer reservations top 17,000 since end of third quarter
Canoo is setting up headquarters in Walmart’s hometown, picks Panasonic as battery supplier
Canoo, the electric automaker that became a publicly traded company last year, is expanding its U.S. footprint with plans to establish its headquarters and an advanced manufacturing industrialized facility in Bentonville, Arkansas — a city most famously connected with Walmart. “This is an advanced manufacturing facility that will allow us to produce vehicles for unique… Continue reading Canoo is setting up headquarters in Walmart’s hometown, picks Panasonic as battery supplier
Faraday Future launches investigation into financial fraud allegations
Faraday Future is launching an investigation into recent allegations of financial fraud at the startup, including claims from a recent short-seller report by J Capital. The EV startup’s board of directors has formed a “special committee of independent directors,” which has hired a law firm to perform the investigation. J Capital had accused Faraday Future… Continue reading Faraday Future launches investigation into financial fraud allegations
Honda shows off the latest version of its ‘Autonomous Work Vehicle’
At CES 2018, Honda revealed several companion mobility robot concepts. It’s moving forward with at least one of them, an autonomous vehicle that can go off road. Honda and engineering company Black & Veatch have been putting the second-gen Autonomous Work Vehicle (AWV) through its paces at a solar panel construction site. This was the… Continue reading Honda shows off the latest version of its ‘Autonomous Work Vehicle’
Tesla Model S/X deliveries slip all the way to 2023 for cheapest version
Tesla has pushed the delivery timeline for new Model S orders all the way to 2023 for the cheapest version. The same is the case for the Model X, as the gap between demand and supply appears to be widening. Supply chain issues and increasing demand for electric vehicles are coming simultaneously, creating long delivery… Continue reading Tesla Model S/X deliveries slip all the way to 2023 for cheapest version
Tesla has a serious phantom braking problem in Autopilot
Tesla is seeing an increase in complaints over serious and dangerous phantom braking events plaguing Autopilot in the latest software updates. Phantom braking is a term used to describe when an advanced driver assist system (ADAS) or a self-driving system applies the brakes for no good reason. The system can be falsely detecting an object… Continue reading Tesla has a serious phantom braking problem in Autopilot