Tesla (TSLA) stock is getting hammered. Is it really the Autopilot probe?

Tesla’s stock (TSLA) is down 7% this week, wiping out tens of billions of dollars worth of market capitalization. The market is trying to figure out what is putting so much pressure on the stock. The main suspect is the NHTSA probe into Tesla Autopilot in relation to accidents with emergency vehicles where the driver-assist… Continue reading Tesla (TSLA) stock is getting hammered. Is it really the Autopilot probe?

EVgo launches new pricing plans and a rewards program

EVgo is changing how it prices the electricity that gets doled out on its electric vehicle charging networ, and is launching a nationwide rewards program for its customers. Starting in September, the company will start offering three ways to pay for charging on its network across the country. There’s the typical pay-as-you go option, which… Continue reading EVgo launches new pricing plans and a rewards program

Tesla faces US safety investigation over Autopilot crashes

PALO ALTO, U.S. — A U.S. regulator is launching a formal investigation into 11 incidents where Tesla crashed into emergency vehicles when using Autopilot or other driver-assistance features. The probe adds to the pressure on Tesla after a series of safety investigations in China this year and as regulators around the world grow increasingly concerned about nascent… Continue reading Tesla faces US safety investigation over Autopilot crashes

EV Stocks Close in the Red: What is to be Blamed?

Yesterday was a rough day for investors in the electric vehicle (EV) market, with various stocks closing in the red. While a couple of EV stocks were dragged down by company-specific news, the broader sell-off in the industry could be attributed to regulatory concerns, rising COVID-19 cases, shortage of microchips and geopolitical worries. Tesla Down… Continue reading EV Stocks Close in the Red: What is to be Blamed?

EV Stocks Take a Hit as Markets See a Monday-Morning Fall

Reuters Videos S&P, Dow close at record highs The Dow and S&P 500 rose to close at record highs Monday, rebounding strongly from losses earlier in the session stemming from glum data on China’s economy. New COVID-19 outbreaks and floods caused China’s industrial production and retail sales growth to slow sharply and fall short of… Continue reading EV Stocks Take a Hit as Markets See a Monday-Morning Fall

A Tesla Model 3 crashed at a school, injuring 6 children and an adult. An 8-year-old boy was airlifted to hospital.

A crash involving a Tesla Model 3 left an eight-year-old boy with serious injuries. Seven people were injured in the crash Monday at a school in southern England, local police said. The driver wasn’t injured, police added. Loading Something is loading. A Tesla Model 3 crash at a school in southern England left six children… Continue reading A Tesla Model 3 crashed at a school, injuring 6 children and an adult. An 8-year-old boy was airlifted to hospital.

Firefighters tackling a Tesla blaze in Austin said they had to use 40 times more water than for a regular vehicle fire because of the car’s lithium battery cells

Firefighters used 40 times more water to contain a Tesla fire than for a regular car fire, they said. They struggled because of the lithium battery cells powering the Tesla Model X, they said. Tesla maintains that its electric cars are the “safest in the world.” Loading Something is loading. Firefighters had to use 40… Continue reading Firefighters tackling a Tesla blaze in Austin said they had to use 40 times more water than for a regular vehicle fire because of the car’s lithium battery cells

Seven injured as car collides with pedestrians in England school car park

By Reuters Staff 1 Min Read (Reuters) -Six children and an adult were taken to hospital with injuries after a car collided with pedestrians in a school car park in southern England on Monday evening, the Sussex Police said. At least one person was reported to have been pinned under a Tesla Inc Model 3… Continue reading Seven injured as car collides with pedestrians in England school car park

Global EV Battery Market Size Is Projected To Reach At $84 Million By 2025 as Demand Climbs

FinancialNewsMedia.com News Commentary PALM BEACH, Fla., Aug. 17, 2021 /PRNewswire/ — Widespread global concerns regarding the negative effect of climate change along with alarming pollution levels recorded in major cities have created a significant demand for electric vehicles (EV). The rise in petrol and diesel prices has added to the demand for fuel-efficient vehicles. This… Continue reading Global EV Battery Market Size Is Projected To Reach At $84 Million By 2025 as Demand Climbs