Tag: Tesla

Charging company EVgo is going public via SPAC merger

Another company in the electric vehicle industry is going public by merging with a so-called SPAC, or special purpose acquisition company. This time, it’s EVgo, one of the leading providers of electric vehicle charging stations in the US. The deal is expected to bring in $575 million for EVgo. When it closes, EVgo will become… Continue reading Charging company EVgo is going public via SPAC merger

Brexit has given competitive edge on car battery tariffs, says Nissan chief

Nissan has said Brexit has given the company an edge, as the Japanese carmaker said it will buy more batteries from within the UK to avoid tariffs. The owner of the UK’s largest car factory, in Sunderland, also said it would push ahead with the production of a new version of its Qashqai SUV this… Continue reading Brexit has given competitive edge on car battery tariffs, says Nissan chief

@niche: Former Tesla Lead for Advanced Manufacturing Group Joins Mullen Automotive as VP of EV Manufacturing.000484

With over 12 major vehicle launches including Tesla’s Model S, John Taylor brings critical engineering experience to oversee Mullen’s manufacturing facilities for the MX-05 and MX-07 SUVs. BREA, CA., Jan. 21st, 2021 – Mullen Technologies Inc. (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, which previously announced a definitive agreement to merge with… Continue reading @niche: Former Tesla Lead for Advanced Manufacturing Group Joins Mullen Automotive as VP of EV Manufacturing.000484

Elon Musk’s plan to dig car tunnels under Miami is filled with holes

One more tunnel should do it. Photo: Miami Herald/Tribune News Service via Getty Images Last weekend, Elon Musk claimed that he’d had a conversation with Florida Governor Ron DeSantis about his Boring Company project, which builds very short, very small tunnels for cars. “Cars & trucks stuck in traffic generate megatons of toxic gases &… Continue reading Elon Musk’s plan to dig car tunnels under Miami is filled with holes

China’s BYD raises $4bn war chest to combat Tesla

GUANGZHOU — Chinese electric vehicle maker BYD has raised 29.9 billion Hong Kong dollars ($3.85 billion) from a stock sale, with the proceeds to fortify the company against Tesla’s successful forays in its backyard. BYD issued 133 million new shares in Hong Kong’s stock market priced at HK$225 each, the company said Thursday. This represents roughly… Continue reading China’s BYD raises $4bn war chest to combat Tesla

BMW targets higher margins while investing in electric cars

By Christina Amann 3 Min Read MUNICH (Reuters) – BMW aims to return to its pre-pandemic operating margin target as the global economy recovers, but big investments in electric cars mean the automaker will have to simplify its vehicle portfolio, its finance chief told Reuters. Slideshow ( 3 images ) Nicolas Peter said orders had… Continue reading BMW targets higher margins while investing in electric cars

Rivian uses one of Elon Musk’s favorite job-interview techniques to determine which candidates stand out from the pack (TSLA)

Rivian and Elon Musk note the amount of detail job seekers use to describe problems they’ve faced. To Musk, too little detail indicates you’re overstating the role you played. For Rivian, failing to give credit to coworkers suggests you’re not a team player. Visit Business Insider’s homepage for more stories. Rivian CEO RJ Scaringe and… Continue reading Rivian uses one of Elon Musk’s favorite job-interview techniques to determine which candidates stand out from the pack (TSLA)

Billionaire investor Seth Klarman lambasts the Fed for distorting markets — and says Tesla’s stock has surged ‘seemingly beyond all reason’

Seth Klarman, president and CEO of the The Baupost Group Getty Images/ Scott Olson Billionaire investor Seth Klarman warns stimulus and interest rates are masking market risks. The Baupost chief compared investors to “frogs in water that is slowly being heated to a boil.” Klarman added that Tesla stock has surged “seemingly beyond all reason.”… Continue reading Billionaire investor Seth Klarman lambasts the Fed for distorting markets — and says Tesla’s stock has surged ‘seemingly beyond all reason’

German Handelsblatt: Carbon dioxide emissions: Volkswagen just misses the EU’s CO2 target: a million-dollar fine threatens001143

Volkswagen misses emissions targets VW parking lot in Wolfsburg: The car company will only meet the EU emissions standards this year. (Photo: dpa) Düsseldorf The Volkswagen Group just missed the European fleet targets for carbon dioxide emissions. As the company announced on Thursday, the average value of all cars sold in Europe in the past… Continue reading German Handelsblatt: Carbon dioxide emissions: Volkswagen just misses the EU’s CO2 target: a million-dollar fine threatens001143