Tag: Tesla

Automotive: the crazy stock market surge of Blink, the outsider of electric charging

Posted on Feb 10, 2019 2021 at 10: 00Updated Feb 10. 2021 at 10:45 At first glance, there are few reasons for the vitality of Blink Charging’s title. Never profitable since its founding in 2009, not really among the leaders in its market, the Miami (Florida) firm would only total $ 5.5 million in revenue… Continue reading Automotive: the crazy stock market surge of Blink, the outsider of electric charging

Rivian and Lucid Motors both expand U.S. retail presence

American automakers Rivian and Lucid Motors have both recently revealed locations in expanding their retail presence in the United States. Both electric vehicle manufacturers have large aspirations to compete with Tesla, although either has yet to deliver a consumer EV so far. The announcements of retail and service spaces opening for for Rivian and Lucid,… Continue reading Rivian and Lucid Motors both expand U.S. retail presence

Tesla rival Rivian aims for IPO this year: Bloomberg News

By Reuters Staff 2 Min Read FILE PHOTO: The Rivian R1T all-electric truck is pictured at an event, held by the electric vehicle startup, for customers who preordered the truck, in Mill Valley, California, U.S., January 25, 2020. REUTERS/Nathan Frandino (Reuters) – Electric-vehicle startup Rivian, which is backed by Amazon.com Inc and Ford Motor Co,… Continue reading Tesla rival Rivian aims for IPO this year: Bloomberg News

Reddit user claiming to be Tesla insider now says bitcoin posts were not true

By Bhargav Acharya 4 Min Read (Reuters) – A Reddit user who claimed in a post a month ago to be a Tesla Inc insider and knew about the electric car maker’s purchase of bitcoin said on Tuesday that his assertions were not true. FILE PHOTO: Representations of virtual currency Bitcoin are seen in front… Continue reading Reddit user claiming to be Tesla insider now says bitcoin posts were not true

GOP Sen. Patrick Toomey’s son poured money into GameStop during the stock’s most volatile stretch — then sold out a day later as his father warned of a ‘bubble’ market (GME)

Sen. Pat Toomey said Jan. 28 the GameStop stock surge “has all of the characteristics of a bubble.” Toomey’s son that same day sold GameStop stock for between $1,001 and $15,000, per financial disclosures.  An ethics watchdog said while the trades are legal, “it sure doesn’t look good from the outside.” Visit the Business section… Continue reading GOP Sen. Patrick Toomey’s son poured money into GameStop during the stock’s most volatile stretch — then sold out a day later as his father warned of a ‘bubble’ market (GME)

Detroit Diesel plant to get $20M boost to make electric truck parts

A Detroit-area factory known for making diesel engines is slated to get a $20 million investment to produce components for medium- and heavy-duty electric trucks. The investment means the 3-million-square-foot Detroit Diesel plant, which is in both Redford Township and Detroit, will be the North American source of Detroit ePowertrain components, according to the announcement Monday by Daimler… Continue reading Detroit Diesel plant to get $20M boost to make electric truck parts

I just tested Cadillac’s hands-free Super Cruise on a 500+ mile trip. Here’s how it went.

Self-driving cars just got meaningfully closer to reality. How much closer? I touched the steering wheel of a 2021 Cadillac Escalade just three times in 280 miles from when I entered I-96 in Detroit to exiting I-94 in Hammond, Indiana. I touched the wheel four times driving the same route home; the fourth was to… Continue reading I just tested Cadillac’s hands-free Super Cruise on a 500+ mile trip. Here’s how it went.

Bitcoin evangelist Michael Saylor says this is the ‘year of institutional investment’ in cryptocurrency following Tesla’s groundbreaking move (MSTR, TSLA)

Michael Saylor. Charles Norfleet/Getty Images MicroStrategy CEO and bitcoin evangelist Michael Saylor said this is the “year of institutional investment” in cryptocurrencies. The news comes as bitcoin tested new highs of over $48,000 per coin on Tuesday morning. Saylor held a “Bitcoin for Corporations” conference on February 3 and 4 that saw 7,000 companies attend.… Continue reading Bitcoin evangelist Michael Saylor says this is the ‘year of institutional investment’ in cryptocurrency following Tesla’s groundbreaking move (MSTR, TSLA)

Tesla grew its workforce by nearly 50% during its monumental 2020 (TSLA)

Tesla grew its global workforce by well over 20,000 people last year.  The company now employs at least 70,000 people, a nearly 50% gain over the previous year.  Tesla is poised to add more workers in 2021 as it prepares to open factories in Texas and Germany.  Visit the Business section of Insider for more… Continue reading Tesla grew its workforce by nearly 50% during its monumental 2020 (TSLA)