Tag: Tesla

‘Elon Musk to lead Twitter temporarily after $44 billion takeover’

Tesla CEO Elon Musk Elon Musk is expected to become Twitter’s temporary CEO after closing his $44 billion takeover of the social-media firm, a person familiar with the matter said on Thursday, as the billionaire inches closer to securing funds for the deal. Musk, the world’s richest man, is also the CEO at Tesla Inc… Continue reading ‘Elon Musk to lead Twitter temporarily after $44 billion takeover’

Lucid is raising prices on its luxury Air EV by as much as 13%

Lucid Group is the latest automaker to up the price of its electric vehicles. The company announced Thursday alongside its first-quarter earnings report that it was raising prices of the variants of its luxury Air sedan, beginning June 1. The price hikes pushes base price of the Air sedan as much as 13%. All existing… Continue reading Lucid is raising prices on its luxury Air EV by as much as 13%

VW wants to offer Level 4 vehicles from 2026

Carmaker Volkswagen announced that it would launch a Level 4 vehicle by 2026. The CEO of Volkswagen, Herbert Diess, has an autonomous vehicle on level 4 announced. The vehicle should be on the market by 2026. This is apparently related to a new partner: Qualcomm. VW will source its hardware from the company. Autonomous driving… Continue reading VW wants to offer Level 4 vehicles from 2026

German Handelsblatt: Auto industry: VW boss Diess rejects criticism of software unit Cariad004260

Herbert Diess The Volkswagen boss calls on the internal critics in the group to cooperate more with the software unit Cariad. (Photo: dpa) Volkswagen will work with the US chip company Qualcomm to develop automated driving. On Tuesday, the carmaker announced the cooperation with the chip company. The Handelsblatt reported on this on Monday. In… Continue reading German Handelsblatt: Auto industry: VW boss Diess rejects criticism of software unit Cariad004260

GM has 4 new plants coming to ‘have control over battery cell manufacture’: Mary Barra – Yahoo Finance

In the years ahead, GM (GM) says, it’s aiming to be a leading manufacturer of batteries as well as cars. “For electric vehicles, it’s all about the battery,” CEO Mary Barra told Yahoo Finance in a wide-ranging interview this week. The CEO outlined plans to open at least four new plants just to manufacture batteries… Continue reading GM has 4 new plants coming to ‘have control over battery cell manufacture’: Mary Barra – Yahoo Finance

EV firm Atlis plans U.S. stock market listing amid IPO drought, article with image

The Nasdaq logo is displayed at the Nasdaq Market site in New York, U.S., May 2, 2019. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register May 4 (Reuters) – Atlis Motor Vehicles has become the latest startup in the electric-vehicle space to unveil plans for an initial public offering as the global… Continue reading EV firm Atlis plans U.S. stock market listing amid IPO drought, article with image

2022, the year when Renault should be overtaken by Tesla

Renault, overtaken by Tesla? If the tricolor manufacturer sold almost three times more cars last year than the electric car champion, the comparison of turnover is much less flattering for the firm at Diamond. Not to mention the difference in profitability or market capitalization, indicators on which Tesla now crushes all traditional manufacturers. In 2021,… Continue reading 2022, the year when Renault should be overtaken by Tesla

Tesla, new profit champion among automakers

Who would’ve believed that ? Barely a year ago, Tesla’s meager profits came largely from sale of CO2 credits . Today, against all odds, the champion of the electric car has also become the champion of profitability in the automotive industry. According to the ranking established by the firm EY based on the 2021 accounts… Continue reading Tesla, new profit champion among automakers