The Las Vegas Convention Center Loop, the underground tunnel developed by Elon Musk’s The Boring Company designed to shuttle convention attendees throughout the 200-acre campus in all-electric Tesla vehicles, also became fully operational. The arrival of World of Concrete signals the return of meetings and conventions to Las Vegas, named the number one trade show… Continue reading $1 Billion Las Vegas Convention Center Expansion Debuts with First Major Convention Post-Pandemic
Tag: Tesla
Retail traders drive rallies in small-time electric vehicle stocks after Tesla posts better-than-expected China sales
Elon Musk walks with former Shanghai Mayor Ying Yong in 2019. STR / AFP via Getty Images STR / AFP via Getty Images Electric-car maker Canoo and auto retailer CarLotz rallied more than 30% amid retail-trader hype. Electric-vehicle manufacturer Workhorse also jumped Tuesday amid a broader meme-stock rally. Tesla reported its May sales in China… Continue reading Retail traders drive rallies in small-time electric vehicle stocks after Tesla posts better-than-expected China sales
Tesla’s China-made car sales surged 29% in May after an April drop (TSLA)
Tesla’s sales of China-made vehicles grew 29% from April to May. It sold 33,463 vehicles in May, including exports and locally sold cars. China is one of Tesla’s largest and most critical markets. See more stories on Insider’s business page. Tesla sold 33,463 China-made electric cars in May, including exports, a 29% jump from April,… Continue reading Tesla’s China-made car sales surged 29% in May after an April drop (TSLA)
The US wants to fix its broken lithium battery supply chain
The US announced plans to build out a domestic supply chain for lithium batteries, which are critical for electric vehicles and renewable energy. Its new goal is to be able to do nearly everything — from mining to manufacturing and recycling batteries — within its borders by the end of the decade. If it fails,… Continue reading The US wants to fix its broken lithium battery supply chain
Trucks VC launches two new funds for early and late-stage transportation startups
Trucks Venture Capital, a fund that focuses on early-stage entrepreneurs in transportation, is launching two new funds that it says will help build the future of transportation. Its new core fund, Trucks Venture Fund 2 (TVF2), was raised over the last year and recently closed on $52,525,252. The fund is backed by three auto OEMs… Continue reading Trucks VC launches two new funds for early and late-stage transportation startups
Tesla’s new ‘deep crimson’ color spotted on a Model S body at Fremont Factory
Tesla hasn’t released a new vehicle color for a long time, but a new “deep crimson” color could be coming as it was spotted on a new Model S body at its Fremont Factory. Back in the early days of the Model S, Tesla used to offer a variety of colors, but the automaker decided… Continue reading Tesla’s new ‘deep crimson’ color spotted on a Model S body at Fremont Factory
EV battery swapping: Better idea or big boondoggle?
Why is the idea of battery swapping so persistently popular in the mainstream press? Perhaps it’s because people who’ve never driven an EV imagine that it needs to be like driving a legacy vehicle, with periodic stops at public stations to quickly refuel. Those who are actually involved in the EV industry tend to be… Continue reading EV battery swapping: Better idea or big boondoggle?
Auto Stock Roundup: BWA and SMP’s Buyout Updates, AAP’s Q1 Earnings & More
Last week, various auto giants unveiled May 2021 sales reports. Sales numbers were strong, thanks to the rising demand for vehicles amid preference for personal mobility, widespread vaccination drive, massive federal aid and the reopening of activities. Quite a few auto biggies that still report sales on a monthly basis enjoyed double-digit year-over-year sales growth… Continue reading Auto Stock Roundup: BWA and SMP’s Buyout Updates, AAP’s Q1 Earnings & More
CarInsurance.com Offers User Friendly Auto Insurance Estimator Tool
FOSTER CITY, Calif., June 8, 2021 /PRNewswire/ — Finding the right car insurance, and knowing how much to buy, can be a confusing process for many drivers. To simplify this process, CarInsurance.com, a one-stop destination for unbiased, expert advice on car insurance, shares an auto insurance estimator tool that gives drivers baseline costs calculated from… Continue reading CarInsurance.com Offers User Friendly Auto Insurance Estimator Tool
EV Investors Driven Toward Xpeng’s Growth Potential
Chinese EV player Xpeng (XPEV) has been a long-time EV player in China, but is a relatively recent addition to the NYSE. The company’s listing in 2020 ignited a ton of anticipation. Indeed, this EV player has seen its stock price go on quite the ride since being publicly listed. Since the company’s $15 IPO… Continue reading EV Investors Driven Toward Xpeng’s Growth Potential