This is what happens when you get too high on your own supply. The ousted CEO of a SpaceX copycat — and the man who gave Elon Musk his first rocketry books — is being sued for, among other things, allegedly embezzling money to fund his vintage racecar obsession. As Ars Technica‘s Eric Berger reports, Jim… Continue reading Elon Musk’s Mentor Accused of “Brazen” Embezzlement
Tag: Tesla
US auto safety nominee seeks to finish probes of Tesla crashes
NHTSA in August opened a formal safety probe into Tesla’s Autopilot system in 765,000 US vehicles after a series of crashes involving Tesla models and emergency vehicles. WASHINGTON: The Biden administration’s nominee to serve as the top auto safety regulator said Thursday he hopes the agency will soon finish its investigations into crashes involving automated… Continue reading US auto safety nominee seeks to finish probes of Tesla crashes
Genuine Parts (GPC) to Boost Scale & Profits With KDG Buyout
Genuine Parts Company GPC is set to acquire Kaman Distribution Group (“KDG”) in a $1.3-billion, all-cash deal. Based in Bloomfield, KDG is a power transmission, automation, and fluid power industrial distributor and solutions provider. With a headcount of around 17,000, the company operates across the United States and serves more than 5,000 customers. Subject to… Continue reading Genuine Parts (GPC) to Boost Scale & Profits With KDG Buyout
Rivian warns supply issues to hit production, shares drop to record low
A Rivian R1T pickup, the Amazon-backed electric vehicle (EV) maker, is driven outside the Nasdaq Market site during the company’s IPO in Times Square in New York City, U.S., November 10, 2021. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register Dec 17 (Reuters) – Rivian Automotive Inc (RIVN.O) shares sunk nearly… Continue reading Rivian warns supply issues to hit production, shares drop to record low
Electric Vehicle Charging Infrastructure Market in APAC to grow at a CAGR of 29.58% | Growing Production of EVs to Boost Growth | 17000+ Technavio Reports
NEW YORK, Dec. 17, 2021 /PRNewswire/ — The electric vehicle charging infrastructure market in APAC is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., ChargePoint Inc., Daimler AG, Renault SA, Royal Dutch Shell Plc, Schneider Electric SE, Siemens AG, Tesla Inc., TotalEnergies SE, and Webasto SE are some of the… Continue reading Electric Vehicle Charging Infrastructure Market in APAC to grow at a CAGR of 29.58% | Growing Production of EVs to Boost Growth | 17000+ Technavio Reports
Batteries included? Northvolt goes all out to meet 2021 launch goal
STOCKHOLM, Dec 17 (Reuters) – Northvolt Chief Executive Peter Carlsson wants to take on his old boss Elon Musk with the greenest electric vehicle batteries in the world. But he needs to start producing them first. The Swede is determined to get his factory, roughly 200 km south of the Arctic circle, open for business… Continue reading Batteries included? Northvolt goes all out to meet 2021 launch goal
FedEx receives its first electric delivery vans from GM’s BrightDrop
FedEx is the first customer to receive electric delivery vans from General Motors’ new EV-focused company BrightDrop. The logistics giant says it will integrate the EVs into its fleet starting in 2022. BrightDrop, which is GM’s new dedicated electric delivery van spinoff, said it delivered five of its larger-sized EV600 delivery vans to FedEx, the… Continue reading FedEx receives its first electric delivery vans from GM’s BrightDrop
Electric Vehicles: A roadmap to mass adoption in India
The future of mobility is at a critical point of inflection. Every time oil prices spike or climate change is debated and discussed, Electric Vehicles (EVs) are inevitably mentioned as a part of the solution. Yet, despite several new Indian companies entering various parts of the EV value chain, significant capital infused in the space… Continue reading Electric Vehicles: A roadmap to mass adoption in India
Musk says Tesla’s Texas factory is $10 bln investment over time
Tesla did not immediately respond to a request seeking more details on the tweet. It has previously said the factory would create some 10,000 jobs. Tesla Inc Chief Executive Officer Elon Musk said on Thursday that the electric carmaker’s new vehicle factory in Austin, Texas would involve an investment of more than $10 billion over… Continue reading Musk says Tesla’s Texas factory is $10 bln investment over time
Rivian warns supply issues to hit 2021 production, shares fall 10%
By Akash Sriram, Nivedita Balu 2 Min Read Dec 17 (Reuters) – Rivian Automotive Inc shares fell 10% in premarket trading on Friday, after the electric pick-up truck maker’s first result as a listed company highlighted the challenges it is likely to face in ramping up production to take on EV leader Tesla Inc. Rivian… Continue reading Rivian warns supply issues to hit 2021 production, shares fall 10%