Head of Saudi Arabia wealth fund subpoenaed over Musk’s Tesla tweet

What is included in my trial? During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Premium Digital includes access to our premier business column, Lex, as well… Continue reading Head of Saudi Arabia wealth fund subpoenaed over Musk’s Tesla tweet

2023 Volkswagen ID 7: new Tesla Model 3 rival arrives

The all-new Volkswagen ID 7 has been closely previewed by this camouflaged prototype at the Consumer Electronics Show in Las Vegas. The ID 7, which had previously been known as Aero B as a concept car and in development, will be offered first as this five-door liftback, and in time as an estate, too. It… Continue reading 2023 Volkswagen ID 7: new Tesla Model 3 rival arrives

The Volkswagen all-electric ID 7 sedan’s most interesting feature isn’t its light-up paint

The all-electric Volkswagen ID 7 sedan — the next EV in the German automaker’s lineup — was unveiled Tuesday at CES 2023 in Las Vegas. And the most exciting part of the debut wasn’t the vehicle’s multi-layered explosion of yellow, orange, red and blue camouflaged electroluminescent paint that lights up on command. (although it is… Continue reading The Volkswagen all-electric ID 7 sedan’s most interesting feature isn’t its light-up paint

Why Tesla’s Model Y might not be eligible for the new EV tax credit

/ Tesla’s five-seater Model Y is too underweight and overpriced to qualify for the $7,500 tax credit, and Tesla fans (and Elon Musk) are not happy about it. An assembly line of Model Y vehicles being built at the Texas Gigafactory.Photo by Loren Grush / The Verge If you were waiting until after New Year… Continue reading Why Tesla’s Model Y might not be eligible for the new EV tax credit

Nvidia helps Hyundai, BYD, Polestar join the in-car gaming revolution

Nvidia’s on demand cloud gaming service, known as GeForce Now, is headed to select Hyundai, BYD and Polestar electric vehicles, the company said Tuesday ahead of CES 2023 in Las Vegas. The announcement, while lacking details on timelines or vehicle models, is notable because it marks the first time Nvidia is expanding its GeForce Now… Continue reading Nvidia helps Hyundai, BYD, Polestar join the in-car gaming revolution

Neoen announces massive new 400 MWh Tesla Megapack project

Neoen, a French energy company, announced a massive new 400 MWh Tesla Megapack project in Australia. It’s one of the biggest energy storage projects in the world. Tesla Megapack has quickly become the prominent battery pack for large-scale energy storage projects. Neoen actually played a part in that. Before the Megapack, Tesla had the Powerpack,… Continue reading Neoen announces massive new 400 MWh Tesla Megapack project

Tesla signs a new agreement to secure lithium supply

Tesla has signed a new updated agreement to secure lithium supply from Piedmont Lithium as automakers rush to secure battery material. In order to help accelerate the transition to electric transportation, Tesla has become increasingly involved in the raw material supply chain for battery cells. Despite only now starting the production of its own cells… Continue reading Tesla signs a new agreement to secure lithium supply

Tesla is fined millions of dollars for false advertising

Tesla has been fined $2.2 million by the Korea Fair Trade Commission (KFTC) for false advertising regarding its range. Last year, we reported on the KFTC launching an investigation into allegations that Tesla violated advertising laws by overstating the range of its electric vehicles. Korea uses the Worldwide Harmonised Light Vehicles Test Procedure (WLTP), and… Continue reading Tesla is fined millions of dollars for false advertising

Tesla says it sold a record 1.3 million vehicles last year

Austin, Texas — Tesla said Monday that sold a record 1.3 million vehicles last year, but the number fell short of CEO Elon Musk’s pledge to grow the company’s sales by 50% nearly every year. The 2022 figure topped the prior record of 936,000 vehicles delivered in 2021, but it was shy of the 1.4… Continue reading Tesla says it sold a record 1.3 million vehicles last year