Volkswagen CEO tweets, Musk-style, on market-cap milestone

By Thyagaraju Adinarayan, Christoph Steitz 2 Min Read LONDON/FRANKFURT (Reuters) – When the market value of Germany’s Volkswagen rose above the 100-billion-euro mark on Wednesday for the first time since 2015, the boss of the normally staid carmaker took to Twitter, Elon Musk-style, to crow about it. FILE PHOTO: An employee fixes a VW sign… Continue reading Volkswagen CEO tweets, Musk-style, on market-cap milestone

Why NIO Stock Sank 19.7% in February

Benzinga PreMarket Prep Stock Of The Day: Nio Benzinga’s PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session. On any given day,… Continue reading Why NIO Stock Sank 19.7% in February

SPAC-mania is coming for self-driving startups in 2021, a top VC predicts

VC Reilly Brennan thinks SPAC sponsors have been looking to Tesla for ideas. After a wave of EV-related companies went public in 2020, automated-driving companies are next.  Brennan thinks firms making autonomous semi trucks will be first in line. Visit the Business section of Insider for more stories. Special-purpose acquisition companies (SPACs) exploded in 2020,… Continue reading SPAC-mania is coming for self-driving startups in 2021, a top VC predicts

@niche: Koenigsegg appoints Evan Horetsky as Chief Industrialisation Officer000582

Tue, Mar 02, 2021 12:08 CET Koenigsegg today announced the appointment of Evan Horetsky as Chief Industrialisation Officer. Evan will report to CEO and founder, Christian von Koenigsegg.  Evan joins Koenigsegg from Tesla, where his last position was Director of Engineering, Procurement and Construction (Gigafactory Berlin). Evan rose fast through the Tesla ranks and participated… Continue reading @niche: Koenigsegg appoints Evan Horetsky as Chief Industrialisation Officer000582

RIICO plans to develop EV research & mfg zone in NCR

To encourage the support infrastructure for EVs, e-charging and swapping stations were also accorded thrust sector status in the 2021-22 Budget. Jaipur: RIICO is planning to develop an Electric Vehicle (EV) Research and Manufacturing Zone in the NCR part of the state to take first-mover advantage in the sector. EV sector has been included as… Continue reading RIICO plans to develop EV research & mfg zone in NCR

Elon Musk reportedly ghosted the Kremlin after inviting Putin to a Clubhouse chat (TSLA)

Elon Musk reportedly didn’t respond to a follow up about chatting with Vladimir Putin on Clubhouse. Musk tweeted at the Kremlin last month, inviting Putin to join him on the popular audio app.  A Kremlin spokesperson said Musk didn’t respond and called the situation a “misunderstanding.” Visit the Business section of Insider for more stories.… Continue reading Elon Musk reportedly ghosted the Kremlin after inviting Putin to a Clubhouse chat (TSLA)

Tesla gives up on drive-in restaurant but location is set to become big Supercharger V3 station

Tesla appears to be giving up on its idea for a drive-in restaurant in Los Angeles, but the location is set to become one of the biggest Supercharger V3 stations in the world. In 2018, Elon Musk said that Tesla plans to open an “old school drive-in, roller skates & rock restaurant at one of the new… Continue reading Tesla gives up on drive-in restaurant but location is set to become big Supercharger V3 station

New Tesla Solar Roof tiles spotted at test facility

New Tesla Solar Roof tiles in a different color have been spotted at the automaker’s test facility near Fremont factory in California. When Tesla first unveiled its Solar Roof tiles in 2016, the product wasn’t fully formed yet, but the company had several different designs. Tesla has had issues bringing the product to volume production… Continue reading New Tesla Solar Roof tiles spotted at test facility

Tesla is rumored to be behind massive land deal in China

Tesla is rumored to be behind a massive new land deal to secure over 100 acres next to its Gigafactory Shanghai in China. Gigafactory Shanghai has been expanding so fast that Tesla is running out of space to physically grow at the location in the Shanghai free-trade zone. After quickly managing to build the first… Continue reading Tesla is rumored to be behind massive land deal in China