Chinese electric vehicle maker Xpeng’s fourth-quarter net loss narrows 42%

By Reuters Staff 2 Min Read Slideshow ( 2 images ) BEIJING (Reuters) – Chinese electric vehicle (EV) maker Xpeng Inc said on Monday its net loss in the fourth quarter of last year narrowed 42% from the same period in 2019, as EV sales increased in the world’s biggest car market. New York-listed Xpeng,… Continue reading Chinese electric vehicle maker Xpeng’s fourth-quarter net loss narrows 42%

German Manager Magazin: Spacs: How traditional car manufacturers can also increase their market value000629

manager magazin: Mr. Kames, Volkswagen sells around 10 million cars, generated around 10 billion euros in profit in 2020 despite the corona pandemic and is valued at 92 billion euros on the stock exchange. The Chinese electrical competitor Nio sells 44,000 cars, was on the verge of financial failure two years ago – and is… Continue reading German Manager Magazin: Spacs: How traditional car manufacturers can also increase their market value000629

Contradicting Rumors of His Death, Elon Musk Appears to Be Alive

Well, unless dead people can still tweet. Tweets from the Grave Reports of the SpaceX founder’s death have been greatly exaggerated.  Elon Musk took to Twitter Friday evening to let the world know he was still alive — contradicting efforts by trolls to convince the world otherwise. The tweet showcased his trademark level-headed thoughtfulness and… Continue reading Contradicting Rumors of His Death, Elon Musk Appears to Be Alive

Scrappy electric carmakers upend pecking order in auto industry

TOKYO — The accelerating trend to e-mobility will lead to a paradigm shift in the global car market that could radically change the landscape for the industry. Tesla has emerged as the early leader in the high-stakes electric vehicle race, topping the list of EV manufacturers. No Japanese manufacturer is among the top 10. Apple… Continue reading Scrappy electric carmakers upend pecking order in auto industry

‘Big Short’ investor Michael Burry has warned of a stock-market bubble and slammed Tesla, Robinhood, bitcoin, and the GameStop frenzy in recent weeks. Here are his 17 best tweets.

Christian Bale as Michael Burry in “The Big Short.” The Big Short/Netflix Michael Burry has been sounding the alarm on hype and speculation in markets for months, warning that the reckless promoting and buying will result in a devastating crash. The investor has taken aim at Tesla – which he’s short – as well as… Continue reading ‘Big Short’ investor Michael Burry has warned of a stock-market bubble and slammed Tesla, Robinhood, bitcoin, and the GameStop frenzy in recent weeks. Here are his 17 best tweets.

Take a look at Elon Musk’s weird and whacky merchandise, from red satin Tesla shorts to tequila and flamethrowers

Elon Musk has built a host of products other than cars, rockets and holes underground. Just last year, the billionaire released Tesla Tequila and red satin short shorts. The Boring Company’s flamethrower, from 2018, is still showing up at police hauls. Visit the Business section of Insider for more stories. Elon Musk is known for… Continue reading Take a look at Elon Musk’s weird and whacky merchandise, from red satin Tesla shorts to tequila and flamethrowers

The true disrupter in the auto industry isn’t Tesla — it’s Fisker (TSLA, FSR)

Nobody really saw this one coming. A year ago, Henrik Fisker was an admired auto-industry veteran, but with a failed startup behind him. Fisker Automotive’s 2013 bankruptcy sent Fisker back to his roots in design for a spell, but it didn’t discourage him from taking another crack at building a car company. Fisker Inc., however,… Continue reading The true disrupter in the auto industry isn’t Tesla — it’s Fisker (TSLA, FSR)

Elon Musk says Tesla will double its Full Self-Driving software’s beta program. It comes amid news that Ford’s Mustang Mach-E is eating into Tesla’s US sales.

Tesla CEO Elon Musk on Friday said the carmaker would double a beta testing program for its self-driving software. The news comes amid reports that Ford’s electric Mustang Mach-E seems to be eating into Tesla’s lead in the electric vehicle market.  On Twitter, Musk said:“If you want the Tesla Full Self-Driving Beta downloaded to your… Continue reading Elon Musk says Tesla will double its Full Self-Driving software’s beta program. It comes amid news that Ford’s Mustang Mach-E is eating into Tesla’s US sales.

New 2021 Volvo C40 joins brand’s electric car line-up

Volvo has scored a smash hit with its XC40 small SUV – and now the firm is hoping to score additional sales with the second of its new generation of 40-series models, the C40 Recharge. The new Volvo C40 Recharge is the first purely electric model from the Swedish manufacturer, a potential rival for everything… Continue reading New 2021 Volvo C40 joins brand’s electric car line-up