One of the first Tesla Roadsters ever made just auctioned for $182,000 — nearly double its original price

The original Tesla Roadster is the first car Tesla ever made. The first 100 Roadsters built were part of the limited-edition “Signature One Hundred” series. No. 38 just sold for $182,000 on car auction website Bring a Trailer. Visit Business Insider’s homepage for more stories. There’s no doubt Tesla is a big deal, and perhaps… Continue reading One of the first Tesla Roadsters ever made just auctioned for $182,000 — nearly double its original price

Elon Musk says he’ll throw $100 million into carbon capture tech. VCs including Vinod Khosla told us these 4 startups are leading the way.

Tesla chief Elon Musk said Thursday that he’s putting $100 million towards a prize for the “best” carbon-capture technology.  Scientists say carbon capture is necessary to achieve the goals under the Paris Agreement, which the US just rejoined. We talked to top VCs including Vinod Khosla in December about which startups to watch, and they… Continue reading Elon Musk says he’ll throw $100 million into carbon capture tech. VCs including Vinod Khosla told us these 4 startups are leading the way.

Tesla takes delivery of massive ‘Giga Press’ at Gigafactory Texas

Tesla has taken delivery of a massive “Giga Press,” which is believed to be the world’s largest casting machine, at Gigafactory Texas. Tesla is literally going big on casing In recent years, Tesla has been focusing on casting technology to produce larger parts of its vehicles in bigger pieces. We recently reported that Tesla is… Continue reading Tesla takes delivery of massive ‘Giga Press’ at Gigafactory Texas

Charging company EVgo is going public via SPAC merger

Another company in the electric vehicle industry is going public by merging with a so-called SPAC, or special purpose acquisition company. This time, it’s EVgo, one of the leading providers of electric vehicle charging stations in the US. The deal is expected to bring in $575 million for EVgo. When it closes, EVgo will become… Continue reading Charging company EVgo is going public via SPAC merger

Brexit has given competitive edge on car battery tariffs, says Nissan chief

Nissan has said Brexit has given the company an edge, as the Japanese carmaker said it will buy more batteries from within the UK to avoid tariffs. The owner of the UK’s largest car factory, in Sunderland, also said it would push ahead with the production of a new version of its Qashqai SUV this… Continue reading Brexit has given competitive edge on car battery tariffs, says Nissan chief

@niche: Former Tesla Lead for Advanced Manufacturing Group Joins Mullen Automotive as VP of EV Manufacturing.000484

With over 12 major vehicle launches including Tesla’s Model S, John Taylor brings critical engineering experience to oversee Mullen’s manufacturing facilities for the MX-05 and MX-07 SUVs. BREA, CA., Jan. 21st, 2021 – Mullen Technologies Inc. (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, which previously announced a definitive agreement to merge with… Continue reading @niche: Former Tesla Lead for Advanced Manufacturing Group Joins Mullen Automotive as VP of EV Manufacturing.000484

Elon Musk’s plan to dig car tunnels under Miami is filled with holes

One more tunnel should do it. Photo: Miami Herald/Tribune News Service via Getty Images Last weekend, Elon Musk claimed that he’d had a conversation with Florida Governor Ron DeSantis about his Boring Company project, which builds very short, very small tunnels for cars. “Cars & trucks stuck in traffic generate megatons of toxic gases &… Continue reading Elon Musk’s plan to dig car tunnels under Miami is filled with holes

China’s BYD raises $4bn war chest to combat Tesla

GUANGZHOU — Chinese electric vehicle maker BYD has raised 29.9 billion Hong Kong dollars ($3.85 billion) from a stock sale, with the proceeds to fortify the company against Tesla’s successful forays in its backyard. BYD issued 133 million new shares in Hong Kong’s stock market priced at HK$225 each, the company said Thursday. This represents roughly… Continue reading China’s BYD raises $4bn war chest to combat Tesla

BMW targets higher margins while investing in electric cars

By Christina Amann 3 Min Read MUNICH (Reuters) – BMW aims to return to its pre-pandemic operating margin target as the global economy recovers, but big investments in electric cars mean the automaker will have to simplify its vehicle portfolio, its finance chief told Reuters. Slideshow ( 3 images ) Nicolas Peter said orders had… Continue reading BMW targets higher margins while investing in electric cars