Tag: Tesla

WeVee Raises $7M Seed Funding

WeVee, a London UK-based electric vehicle leasing platform, raised $7M in seed funding. The round – which will take WeVee’s combined valuation to over $40m – was led by German entrepreneurs Rahmyn Kress and Michael Perschke, who joined WeVee Founder Paul Fagan as co-founders and board members. The company intends to use the funds to expand… Continue reading WeVee Raises $7M Seed Funding

Elon Musk confirms Tesla will not offer a regular steering wheel on new Model S/X

Elon Musk has confirmed that Tesla will not offer a regular steering wheel option on new Model S and Model X vehicles. When Tesla unveiled the new Model S with the “yoke” butterfly steering wheel, it was controversial. Some were worried about the actual shape of the wheel being problematic and others about the lack… Continue reading Elon Musk confirms Tesla will not offer a regular steering wheel on new Model S/X

Tesla lobbies India for sharply lower import taxes on electric vehicles -sources

By Aditi Shah 3 Min Read NEW DELHI (Reuters) – Tesla Inc has written to Indian ministries seeking a big reduction in import duties on electric vehicles (EVs), a move it says will boost demand and generate revenue for the government, two sources with knowledge of the matter said. FILE PHOTO: A Tesla logo is… Continue reading Tesla lobbies India for sharply lower import taxes on electric vehicles -sources

Tesla (TSLA) is going on a salesforce hiring spree as demand ramps up in the US

Tesla (TSLA) is going on a salesforce hiring spree as demand is expected to ramp up in the US. However, the automaker is focusing on part-time positions to cut costs. Sources familiar with the matter told Electrek that Tesla is embarking on a new hiring spree for sales staff in North America. The hiring spree… Continue reading Tesla (TSLA) is going on a salesforce hiring spree as demand ramps up in the US

Tesla signs nickel deal with BHP to secure non-Chinese supply

Tesla has agreed to buy nickel for its batteries from BHP, the world’s largest miner, as it looks to lock up supplies of the metal not controlled by China. The deal is the third agreement for nickel that the electric carmaker has signed in the last eight months, following deals with Vale and the Trafigura-backed… Continue reading Tesla signs nickel deal with BHP to secure non-Chinese supply

Faraday Future just became a publicly traded company

Electric vehicle startup Faraday future is a publicly traded company. It’s okay, I’ll give you a moment. I’ve been reporting on Faraday Future for four years and it has even stunned me a few times in recent weeks. But it’s true: today, the startup’s shares began trading on the Nasdaq stock exchange, and a fresh… Continue reading Faraday Future just became a publicly traded company

‘I might pump but I don’t dump’: Elon Musk outlined his broad approach to crypto investing in a panel also featuring Cathie Wood and Jack Dorsey

Elon Musk REUTERS/Mike Blake Elon Musk on Wednesday said he is a supporter of bitcoin and wants to see the cryptocurrency succeed. “If the price of bitcoin goes down, I lose money. I might pump but I don’t dump,” Musk said during “The B Word” event. Musk spoke on the panel alongside Twitter chief Jack… Continue reading ‘I might pump but I don’t dump’: Elon Musk outlined his broad approach to crypto investing in a panel also featuring Cathie Wood and Jack Dorsey

Tesla (TSLA) sells back Maxwell Technology’s ultracapacitor business to former executives

Tesla (TSLA) has sold back Maxwell Technology’s ultracapacitor business and brand after acquiring it just over two years ago. Back in 2019, Tesla announced the acquisition of Maxwell Technology, a San Diego-based ultracapacitor and battery company, for over $200 million. While the company was mostly known for its ultracapacitor business, it had just developed a dry electrode… Continue reading Tesla (TSLA) sells back Maxwell Technology’s ultracapacitor business to former executives

Why NIO Stock Dropped and Then Recovered Today

Reuters Videos Tesla to open charging network to other EVs Tesla is set to let other brands’ electric cars use its charging stations. That’s according to a Tweet by boss Elon Musk. He says the move will come later this year, and over time be extended around the world. Tesla has about 25,000 of its… Continue reading Why NIO Stock Dropped and Then Recovered Today