Tesla voids your warranty if you try to power your home with your electric car battery pack

Tesla is voiding your warranty if you try to power your home with your electric car battery pack – something that more people have been looking into following power outages in some areas in the US. While Tesla vehicles are not equipped with bidirectional charging enabling vehicle-to-grid or vehicle-to-home features, there’s actually a way to… Continue reading Tesla voids your warranty if you try to power your home with your electric car battery pack

Lucid Motors’ $24 billion blank-check deal sparks bubble concerns

By Akanksha Rana, Noor Zainab Hussain 4 Min Read (Reuters) – Electric vehicle sensation Lucid Motors has set the market alight this week with a $24 billion blank check deal to list in New York, but it has also sparked concerns among some investors of a short circuit in the valuation of electric vehicle makers.… Continue reading Lucid Motors’ $24 billion blank-check deal sparks bubble concerns

Nio’s 2-day plunge stretches to 24% as electric-vehicle stock momentum slows (NIO, TSLA)

STR/AFP via Getty Images Nio shares fell as much as 18% Tuesday, extending their two-day loss to 24%. The company is one of several electric-vehicle makers to see sharp two-day declines. Tesla specifically has led a broader sell-off in tech stocks. Visit the Business section of Insider for more stories. Nio stock slid as much… Continue reading Nio’s 2-day plunge stretches to 24% as electric-vehicle stock momentum slows (NIO, TSLA)

BMW’s CEO says Tesla will struggle to maintain its rapid growth because of mounting competition among electric-car makers

Tesla may struggle to maintain its rapid growth as other carmakers launch their own EVs, Oliver Zipse said Monday. “The rest of the industry is moving ahead big time,” the BMW CEO said. Tesla delivered almost 500,000 vehicles in 2020. Other automakers have committed to boosting electric-car sales. Visit the Business section of Insider for… Continue reading BMW’s CEO says Tesla will struggle to maintain its rapid growth because of mounting competition among electric-car makers

Lucid Motors strikes SPAC deal to go public with $24 billion valuation

Lucid Motors reached an agreement to become a publicly traded company through a merger with special-purpose acquisition company Churchill Capital IV Corp, in the largest deal yet between a blank-check company and electric vehicle startup.  The combined company, in which Saudi Arabia’s sovereign fund will continue to be the largest shareholder, will have a transaction… Continue reading Lucid Motors strikes SPAC deal to go public with $24 billion valuation

Tesla drops 9% after stopping new orders for the lowest-priced version of its Model Y SUV (TSLA)

Tesla Model Y. Tesla Shares of Tesla close 9% lower on Monday after the electric-vehicle maker stopped taking new orders for the lowest-priced version of its Model Y. According to reports out of Electrek, Tesla has halted new orders for the lowest-priced version of the Model Y electric SUV and removed the car from its… Continue reading Tesla drops 9% after stopping new orders for the lowest-priced version of its Model Y SUV (TSLA)

Tesla Model Y Standard Range is still available ‘off menu,’ but Elon Musk doesn’t like the range

Tesla is apparently still offering the Model Y Standard Range, which has been removed from the online configurator this weekend, as an “off-the-menu” item. The reason behind the removal is apparently that Elon Musk doesn’t like the range of the electric SUV. As we reported yesterday, Tesla removed the Model Y Standard Range from its… Continue reading Tesla Model Y Standard Range is still available ‘off menu,’ but Elon Musk doesn’t like the range

Advanced Silicon Battery Company Enovix to Become a Public Company Through Merger with Rodgers Silicon Valley Acquisition Corp.

FREMONT, Calif., Feb. 22, 2021 /PRNewswire/ — Enovix Corporation (“Enovix” or the “Company”), the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries, and Rodgers Silicon Valley Acquisition Corp. (Nasdaq: RSVA, RSVAU, RSVAW) (“Rodgers” or “RSVAC”), a special purpose acquisition company (“SPAC”), today announced that they have entered into a definitive agreement… Continue reading Advanced Silicon Battery Company Enovix to Become a Public Company Through Merger with Rodgers Silicon Valley Acquisition Corp.

German Handelsblatt: Revolution from above: Källenius is already planning the next revolution: Daimler is examining premature end to the combustion engine001354

Daimler boss Ola Källenius The next S-Class could drive exclusively electrically. (Photo: Thomas Kuhlenbeck) 2021 will be a fateful year for Daimler. The spin-off of the truck division is only an intermediate step towards an even more profound revolution: Mercedes could become combustion-free far earlier than previously planned. CEO Ola Källenius wants to speed up… Continue reading German Handelsblatt: Revolution from above: Källenius is already planning the next revolution: Daimler is examining premature end to the combustion engine001354