Tesla (TSLA) could surprise with strong deliveries in Q1 despite production constraints

Tesla (TSLA) might surprise us with deliveries in the first quarter, despite having run into some issues on the production side. The first quarter is about to end, and Tesla is expected to release its production and delivery results by the end of the week. The market is trying to estimate how many vehicles Tesla… Continue reading Tesla (TSLA) could surprise with strong deliveries in Q1 despite production constraints

Volkswagen apologizes for ‘Voltswagen’ April Fools’ marketing stunt

Volkswagen AG on Wednesday apologized for its announcement that it was renaming its U.S. operations “Voltswagen” — a marketing stunt that fooled some investors, analysts and journalists and sent shares up almost 9% on Tuesday. The German automaker’s stock closed down Wednesday, declining more than 3.6%. VW’s securities had been the hottest auto stock this month… Continue reading Volkswagen apologizes for ‘Voltswagen’ April Fools’ marketing stunt

Biden infrastructure plan proposes spending $174B to boost America’s EV market

President Joe Biden has earmarked $174 billion from his ambitious infrastructure plan to build out domestic supply chains for electric vehicles, noting the imperative for United States automakers to “compete globally” to win a larger share of the EV market. The funds are just one part of Biden’s plan, which calls for an ambitious $2… Continue reading Biden infrastructure plan proposes spending $174B to boost America’s EV market

Tesla Semi production line at new Nevada building is coming up with a goal of 5 electric trucks per week

Tesla is building a new Tesla Semi production line at a new building near its Gigafactory Nevada plant, and it plans to produce five electric trucks per week, according to sources familiar with the matter. Over the last few weeks, we have been trying to gauge the situation regarding Tesla Semi production after some vague… Continue reading Tesla Semi production line at new Nevada building is coming up with a goal of 5 electric trucks per week

Tesla and Toyota rumored to be partnering on electric SUV based on super weak report

Tesla and Toyota are rumored to be partnering on a new electric SUV, but it is based on a report that doesn’t have a lot of credibility. We weren’t planning to share this report, but several other publications are sharing it seriously, so we thought we would cover it with some more context. The report… Continue reading Tesla and Toyota rumored to be partnering on electric SUV based on super weak report

Tesla Semi: Elon Musk clarifies comment about battery cell supply affecting volume production

Tesla CEO Elon Musk has clarified his previous comment about battery cell supply affecting volume production of the Tesla Semi electric truck. With a vague comment last weekend, Musk raised doubts about Tesla’s ability to deliver the Tesla Semi this year. The CEO responded to a request for an update on the Tesla Semi by… Continue reading Tesla Semi: Elon Musk clarifies comment about battery cell supply affecting volume production

Opinion: ‘Voltswagen’s’ rebrand falls short of electric

When news of a leaked press release saying Volkswagen’s American division was rebranding itself as Volkswagen first emerged, I figured the release in question was probably scheduled for 1 April. Because, I mean, it couldn’t possibly be true, could it? Except, it seems, it is. Volkswagen of America – sorry, Voltswagen of America – has… Continue reading Opinion: ‘Voltswagen’s’ rebrand falls short of electric

Aurora and Volvo partner to bring autonomous long-haul trucks to North America

The autonomous vehicle startup Aurora Innovation said Tuesday it has reached an agreement with Volvo to jointly develop autonomous semi trucks for North America. The partnership, which the two companies say will span several years and is through Volvo’s Autonomous Solutions unit, will focus on trucks built to operate autonomously on highways between hubs for… Continue reading Aurora and Volvo partner to bring autonomous long-haul trucks to North America

MG to reveal Cyberster e-roadster with 800km range, 5G connectivity

SAIC-owned MG (Morris Garages) is all set to unveil its latest all-electric sports car roadster – MG Cyberster – on March 31 in front of a global audience. The 2-door coupe is being touted to have a flurry of first-in-segment features including a gaming cockpit and a range of 800km. MG says that the car… Continue reading MG to reveal Cyberster e-roadster with 800km range, 5G connectivity

Xiaomi Plans to Invest $10 Billion in Making Electric Cars

(Bloomberg) — Xiaomi Corp. plans to invest about $10 billion over the next decade to manufacture electric cars, embarking on its biggest-ever overhaul to enter China’s booming EV market. Billionaire co-founder Lei Jun will lead a new standalone division that will invest an initial 10 billion yuan ($1.5 billion) on smart vehicle manufacturing, the company… Continue reading Xiaomi Plans to Invest $10 Billion in Making Electric Cars