Fisker Inc.’s Hyderabad-based tech centre has already started delivering software for the Ocean SUV. Mumbai: Elon Musk is yet to embark on his India project for the manufacturing of Tesla’s world-leading electric cars here. But, the new entrant to the global electric vehicle (EV) market, Henrik Fisker, and his California-based Fisker Inc, which will roll… Continue reading Exclusive: New EV maker Fisker Inc in talks for platform sharing, expects India to become its bigger of the tech development bases outside USA
Tag: Tesla
Chinese battery giant CATL’s profit jumps as it ramps up output
SHANGHAI (Reuters) — China’s CATL 300750.SZ, the world’s largest electric vehicle (EV) battery maker, said on Friday its third-quarter profit nearly tripled year-on-year, buoyed by rapid expansion in production to power the growth of EVs worldwide. CATL, whose clients include Tesla TSLA.O, Volkswagen VOWG.DE and BMW BMWG.DE, booked a net profit of 9.4 billion yuan… Continue reading Chinese battery giant CATL’s profit jumps as it ramps up output
Nio stock bounces, even after Tesla CEO Elon Musk says China seeing ‘burst of recession’
The U.S.-listed shares of China-based Nio Inc. gained 0.1% in afternoon trading Thursday, after closing the previous session at the lowest price since July 2020, despite the 6.7% selloff in rival electric vehicle maker Tesla Inc.’s stock after disappointing third-quarter results. Meanwhile, shares of fellow China-based EV makers XPeng Inc. climbed 3.9% after closing Wednesday… Continue reading Nio stock bounces, even after Tesla CEO Elon Musk says China seeing ‘burst of recession’
Why Rivian, Nio, and Other EV Maker Stocks Rose Today
Reuters Twitter tells employees there are no plans for layoffs Twitter General Counsel Sean Edgett emailed employees on Thursday saying the company does not plan layoffs, according to a source who viewed the email. The Washington Post reported earlier on Thursday that Elon Musk told prospective investors in his deal to buy Twitter that he… Continue reading Why Rivian, Nio, and Other EV Maker Stocks Rose Today
Tesla Stock Vs. BYD Stock: TSLA Skids On Earnings; ‘Real Challenger’ Sees Soaring Profit
The Wall Street Journal Tesla Stock Price Declines After Soft Outlook Shares of Tesla fell Thursday after the electric-vehicle maker [cut its full-year growth expectations.](https://www.wsj.com/articles/tesla-tsla-q3-earnings-report-2022-11666139620?mod=hp_lead_pos1) The shares were recently down about 7%. On Wednesday afternoon, the company released its third-quarter results, reporting nearly $3.3 billion in profit on $21.5 billion of revenue. That revenue marked… Continue reading Tesla Stock Vs. BYD Stock: TSLA Skids On Earnings; ‘Real Challenger’ Sees Soaring Profit
Automakers to double spending on EVs, batteries to $1.2 trillion by 2030
Automakers have forecast plans to build 54 million battery electric vehicles in 2030, representing more than 50% of total vehicle production, according to the analysis. By Paul Lienert The world’s top automakers are planning to spend nearly $1.2 trillion through 2030 to develop and produce millions of electric vehicles, along with the batteries and raw… Continue reading Automakers to double spending on EVs, batteries to $1.2 trillion by 2030
German Handelsblatt: Electromobility: Race for the best car battery: Porsche is building the “smallest gigafactory in the world”005455
Der Porsche AG geht es gut. Der jüngst erfolgte Börsengang ist gelungen, nach einem durchwachsenen ersten Halbjahr befindet sich der Sportwagenbauer geschäftlich wieder im Aufwärtstrend. Porsche geht es sogar so gut, dass die Beschäftigten bis zu 3000 Euro Prämie im Nachgang des IPO erhalten sollen. Und auch für Investitionen ist Geld da: Die Zuffenhausener weiten… Continue reading German Handelsblatt: Electromobility: Race for the best car battery: Porsche is building the “smallest gigafactory in the world”005455
Tesla’s infrastructure is growing at record pace, just not as fast as deliveries
Tesla’s infrastructure is growing at a new record pace with more stores and service centers added in the last quarter than ever, but it’s still not growing as fast as its deliveries. The phrase “victim of its own success” is something that you can often apply to Tesla, especially when it comes to service. The… Continue reading Tesla’s infrastructure is growing at record pace, just not as fast as deliveries
Tesla adds Quicksilver and Midnight Cherry Red colors to Giga Berlin lineup
Tesla has added two new paint colors, Quicksilver and Midnight Cherry Red, to their Giga Berlin paint lines. The new colors are available now – but only for European and Middle Eastern customers. The colors are a slick-looking medium silver and a deep red metallic color. They replace the former Midnight Silver Metallic (which is… Continue reading Tesla adds Quicksilver and Midnight Cherry Red colors to Giga Berlin lineup
German Manager Magazin: Twitter: Elon Musk apparently wants to massively cut jobs at the short message service after the takeover002092
The deal isn’t finalized yet, but planning is in progress Elon Musk after taking over Twitter apparently a massive job cut. He said to potential investors that he would reduce the number of employees from 7,500 to around 2,000, the company writes “Washington Post” . That would be about 75 percent of the employees of… Continue reading German Manager Magazin: Twitter: Elon Musk apparently wants to massively cut jobs at the short message service after the takeover002092