By Paul Lienert 2 Min Read (Reuters) -Battery recycling startup Redwood Materials has raised $700 million from a group of high-profile fund managers, including T. Rowe Price, Baillie Gifford and Fidelity, the company said on Wednesday. FILE PHOTO: Attendees look at a Tesla Model X powered by Panasonic batteries during the 2018 CES at the… Continue reading Battery recycling firm Redwood raises $700 million from big fund managers
Tag: Tesla
Analysis-Tesla hikes electric car prices in U.S.; holds line in China
(Reuters) – Tesla Inc showed signs this week of divergent strategies in the world’s two biggest automotive markets, raising prices to boost profit margins in the United States while keeping prices steady in China and hoping to grow sales there. FILE PHOTO: A Tesla sales and service center is shown in Costa Mesa, California, U.S.… Continue reading Analysis-Tesla hikes electric car prices in U.S.; holds line in China
Tesla (TSLA) launches major shift in retail strategy: cheaper locations, remote working, and more
Tesla (TSLA) is currently implementing a major shift in its retail strategy, according to sources familiar with the matter. The automaker will move away from showrooms in fancy malls, and instead it will focus on cheaper locations, remote managing of test drive fleet, and delivery centers. Tesla’s confusing retail strategies Since Tesla doesn’t use the… Continue reading Tesla (TSLA) launches major shift in retail strategy: cheaper locations, remote working, and more
Elon Musk Warns That Each Cybertruck Could Cost “Literally a Million Dollars”
Tesla’s Cybertruck could be extremely expensive if the company doesn’t figure out the production of its next-generation 4680 battery cells. Both the Cybertruck and the company’s Semi truck are both designed around the new battery units — meaning that if the company can’t lock down their production, it will endanger its next phase of heavy… Continue reading Elon Musk Warns That Each Cybertruck Could Cost “Literally a Million Dollars”
Elon Musk is not ‘happy’ with Apple about these two things
According to a report by CNBC, Musk during the call said that there was misconception about Tesla using cobalt, something which is used in producing lithium-ion cells that are used in smartphones and electric cars. Apple CEO Tim Cook in the past has praised what Tesla does and said that he admires its CEO Elon… Continue reading Elon Musk is not ‘happy’ with Apple about these two things
Onto raises $175 million in Series B to expand EV subscription service in the UK
Onto has raised $175 million in a combined equity and debt Series B round, capital the U.K.-based electric vehicle subscription startup plans to use to expand within the country as well as move into new markets. This latest round brings Onto’s total funding to $245 million. Swedish VC Alfvén & Didrikson is leading the round… Continue reading Onto raises $175 million in Series B to expand EV subscription service in the UK
Lucid Motors goes public, collects $4.5 billion
Electric vehicle startup Lucid Motors is now a publicly traded company, following the completion of a merger where it fetched an eye-watering $4.5 billion in fresh capital. Shares of the Saudi-owned, California-based startup began trading on the Nasdaq stock exchange Monday morning. Lucid Motors will now turn its full attention back to an even taller… Continue reading Lucid Motors goes public, collects $4.5 billion
Google’s self-driving startup Waymo argues the UK shouldn’t cap autonomous cars on the road
Google’s self-driving division Waymo argued the UK shouldn’t restrict autonomous cars on the road. Its comments come as the UK consults on the regulation of driverless cars. Cars with some level of self-driving capabilities will be permitted on UK roads this year. Loading Something is loading. Waymo, the self-driving vehicles startup owned by Google, has… Continue reading Google’s self-driving startup Waymo argues the UK shouldn’t cap autonomous cars on the road
Autos & Transportation · July 24, 2021 · 12:48 PM UTCGM, Cruise sue Ford to block use of ‘BlueCruise’ name for hands-free drivingGeneral Motors Co (GM…
DETROIT, July 24 (Reuters) – General Motors Co (GM.N) and its Cruise robo-taxi subsidiary have filed a lawsuit to stop Ford Motor Co (F.N) from using the name “BlueCruise” to market its hands-free driving technology, the companies said on Saturday. In a statement released shortly after midnight Detroit time, GM said Ford’s use of the… Continue reading Autos & Transportation · July 24, 2021 · 12:48 PM UTCGM, Cruise sue Ford to block use of ‘BlueCruise’ name for hands-free drivingGeneral Motors Co (GM…
Elon Musk says Tesla is ‘quite likely’ to build a factory in India but only if import taxes are lowered
Tesla CEO Elon Musk on Friday said a new factory in India was “quite likely.” But he added that the country would first have to lower its import fees for completed vehicles. Tesla has been lobbying government officials to lower import duties, Reuters reported. Loading Something is loading. Tesla is “quite likely” to build an… Continue reading Elon Musk says Tesla is ‘quite likely’ to build a factory in India but only if import taxes are lowered