Luxury electric vehicle maker Lucid Motors is slashing its production forecast for 2022, citing supply chain constraints. The Newark, California-based company announced it was revising down its production expectations to 12,000 to 14,000 vehicles from the original prediction of 20,000 vehicles. “This reflects the extraordinary supply chain and logistics challenges we’ve encountered and our unrelenting… Continue reading Lucid Motors says it expects to make fewer EVs in 2022 than it originally planned
Tag: Tesla
SEC probes Elon Musk, brother Kimbal over Tesla share sales – WSJ
Feb 24 (Reuters) – The U.S. Securities and Exchange Commission is investigating whether recent stock sales by Tesla Inc (TSLA.O) Chief Executive Elon Musk and his brother Kimbal Musk “violated insider trading rules”, the Wall Street Journal reported on Thursday, citing people familiar with the matter. According to the report, the investigation began last year… Continue reading SEC probes Elon Musk, brother Kimbal over Tesla share sales – WSJ
Exclusive-Tesla plans new Shanghai plant to more than double China capacity – sources
SHANGHAI, Feb 24 (Reuters) – Tesla Inc (TSLA.O) plans to start work on a new plant in Shanghai as soon as next month as part of a plan to more than double production capacity in China to meet growing demand for its cars in the country and export markets, two people familiar with the matter… Continue reading Exclusive-Tesla plans new Shanghai plant to more than double China capacity – sources
Panasonic to begin mass producing new Tesla battery by end-March 2024, article with image
A Panasonic Corp’s lithium-ion battery, which is part of Tesla Motor Inc’s Model S and Model X battery packs, is pictured with Tesla Motors logo during a photo opportunity at the Panasonic Center in Tokyo, ahead of the 2013 Tokyo Motor Show, November 19, 2013. REUTERS/Yuya Shino/Files Register now for FREE unlimited access to Reuters.com… Continue reading Panasonic to begin mass producing new Tesla battery by end-March 2024, article with image
Ferrari files new patent for future electric sports car platform
Mid-way through last year, Ferrari’s CEO John Elkann confirmed that the company would launch its first pure-electric sports car in 2025. It seems Ferrari is steaming ahead with the development process, as the firm has just filed a patent for a new electrified sports car platform, which we expect will underpin its upcoming EV rival… Continue reading Ferrari files new patent for future electric sports car platform
German Manager Magazin: Michael Lohscheller: Former Opel boss switches to Nikola001569
The career of the former Volkswagen-Managers and OpelBoss Michael Lohscheller (53) takes another rapid turn. After a brief stint as Head of Vietnamese newcomer VinFast, which ended abruptly after just three months shortly after Christmas, the German is drawn to the young US company Nikola. Lohscheller hires as president of the scandal start-up and is… Continue reading German Manager Magazin: Michael Lohscheller: Former Opel boss switches to Nikola001569
VW ID.4 range boost, wireless charging for Tesla, charging station of the future: The Week in Reverse
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Faraday Future is preparing to actually sell its FF 91
Despite a litany of financial struggles and botched factory plans, Faraday Future has built its first production-intent car. The EV startup today unveiled the FF 91 at its Hanford, California-based plant, and announced it would begin production in Q3 of 2022. Since the best-laid plans of Faraday Future often go haywire, we won’t hold our… Continue reading Faraday Future is preparing to actually sell its FF 91
@niche: Veteran Electric Vehicle Executive Steve Ivsan Joins Xos, Inc. as Head of Program Management001669
LOS ANGELES, Feb. 24, 2022 (GLOBE NEWSWIRE) — Xos, Inc. (NASDAQ: XOS), a leading manufacturer of Class 5 through Class 8 battery-electric vehicles and powertrains, and provider of charging infrastructure and fleet management software, today announced Steve Ivsan has joined the company as Head of Program Management. Mr. Ivsan will be responsible for defining the… Continue reading @niche: Veteran Electric Vehicle Executive Steve Ivsan Joins Xos, Inc. as Head of Program Management001669
SEC opens investigation into Elon Musk over possible insider trading
Elon Musk isn’t about to catch a hoped-for break from the SEC any time soon. Sources for The Wall Street Journal claim the SEC is investigating whether Musk and his brother Kimbal violated insider trading regulations with recent share sales. Officials are concerned Elon might have told Kimbal he planned to ask Twitter followers about… Continue reading SEC opens investigation into Elon Musk over possible insider trading