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
Tag: Tesla
Tesla: Model 3 from China gets decent charging power via update
Tesla has released a software update for the Model 3 from China to make up for angry customers. (Tesla Model 3, technology) Go to source
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
Messy European exit to haunt Chinese EV maker Byton
HAMBURG, Germany — Byton, the formerly highflying Chinese electric vehicle startup which recently got a lifeline from Foxconn Technology Group, has largely abandoned its operations in Europe. While moves since October to halt payment of wages and rent will save the struggling carmaker money, they are likely to hinder the startup’s hopes of growing sales in the… Continue reading Messy European exit to haunt Chinese EV maker Byton
Geely departs from convention with plan for new EV unit: sources
By Yilei Sun, Brenda Goh 3 Min Read SHANGHAI (Reuters) – China’s Geely plans to set up a firm to explore new approaches to product planning, marketing and sales of electric vehicles (EV), sources said, departing from industry convention whereby EVs are marketed and sold alongside traditional cars. FILE PHOTO: A building of the Geely… Continue reading Geely departs from convention with plan for new EV unit: sources
Tesla reduces Model 3 and Model Y prices, now starts under $37,000
Tesla has updated its pricing across the Model 3 and Model Y lineup, including price cuts for both base models. The new cheapest Tesla vehicle now starts just under $37,000. Tesla Model 3 Prices With the price update today, Tesla has now reduced the price of the Model 3 Standard Range Plus to $36,990 –… Continue reading Tesla reduces Model 3 and Model Y prices, now starts under $37,000