Tesla announced that it will release its 2021 Q4 earnings report on January 26, and Elon Musk confirmed that he will come back to the call and give a Tesla product roadmap update. The automaker confirmed the date of its next earnings report in a press release today: AUSTIN, Texas, January 12, 2022 – Tesla… Continue reading Tesla is releasing a product roadmap update on Jan 26 with Cybertruck and more
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Tesla takes delivery of yet another giant casting machine at Gigafactory Texas
Tesla is taking delivery of yet another giant casting machine, known as Giga Press, at Gigafactory Texas as the automaker moves to produce entire car bodies in just a few pieces. Over the last few years, Tesla has been heavily investing in casting and alloy technology to enable larger casted parts that have the capability… Continue reading Tesla takes delivery of yet another giant casting machine at Gigafactory Texas
Here’s what happened when Mercedes-AMG got its hands on the all-electric EQS
First, there was the dense fog. Then there was the snow. But inclement weather couldn’t put a damper on the AMG iterations of Mercedes’ flagship EV or its latest generation SL. Performance, luxury, comfort, and technology all hit the mark even when the AMG team gets their hands on the Mercedes EQS and the latest… Continue reading Here’s what happened when Mercedes-AMG got its hands on the all-electric EQS
Magna acquires tech, hires engineers of autonomous vehicle startup Optimus Ride
Magna has acquired the technology, IP and assets of Optimus Ride, a startup based in Boston that was trying to commercialize electric autonomous shuttles. As part of the deal announced Tuesday, Magna has hired more than 120 employees of Optimus Ride. The financial terms of the agreement were not disclosed, Optimus Ride CEO Sean Harrington… Continue reading Magna acquires tech, hires engineers of autonomous vehicle startup Optimus Ride
Tesla unveils updated Model S with new headlights, taillights, and CCS charge ports
Tesla has unveiled an updated version of the Model S today with new headlights, taillights, and CCS charge ports. Tesla started producing a refreshed version of the Model S just six months ago with a completely new interior, refreshed exterior features, and updated powertrain. That’s why it was surprising to see a new Model S… Continue reading Tesla unveils updated Model S with new headlights, taillights, and CCS charge ports
Peer-to-peer car-sharing service Turo files to go public
Turo, the peer-to-peer car-sharing service, has filed for its initial public offering, the latest transportation-related startup to sell its shares on a public stock exchange. The company proposes to sell $100 million of stock, but that figure could change as Turo gets closer to its public debut. Founded in 2010, the San Francisco-based company allows… Continue reading Peer-to-peer car-sharing service Turo files to go public
Fast-charge EV battery maker StoreDot pulls in $80M led led by Vietnam’s VinFast
StoreDot, the Israeli next-generation battery technology startup touting an “extreme fast charging” (XFC) battery for electric vehicles, has secured the first close of its latest funding round led by Vietnamese electric vehicle manufacturer, VinFast. The Series D round is due to close at up to $80 million. The capital will be used for the completion… Continue reading Fast-charge EV battery maker StoreDot pulls in $80M led led by Vietnam’s VinFast
Bolt raises $709M at an $8.4B valuation to expand its transportation and food delivery super app
Economies of scale are an essential cornerstone for on-demand companies, and to that end one of the hopefuls in the space has raised a big round to grow its business. Bolt — the startup and app of the same name that operates on-demand ride hailing, shared cars and scooters; and restaurant and grocery delivery —… Continue reading Bolt raises $709M at an $8.4B valuation to expand its transportation and food delivery super app
Tesla signs deal to source nickel for battery production from upcoming new mine in the US
Tesla has signed a new deal to source nickel for battery cell production from an upcoming new mine in the United States. It’s a landmark deal to start sourcing the critical battery material in the US and help boost upcoming new mining projects. Over the last few years, Tesla CEO Elon Musk has been pushing for… Continue reading Tesla signs deal to source nickel for battery production from upcoming new mine in the US
Peer-to-peer car-sharing company Turo files IPO to go public
Peer-to-peer car-sharing startup Turo has released its filing to become a publicly traded company in the United States, a process the company began confidentially in August. The S-1 document filed Monday with the U.S. Securities and Exchange Commission does not include terms for its offering. Turo, which was founded in 2010 and has been compared… Continue reading Peer-to-peer car-sharing company Turo files IPO to go public