Tesla appoints Hiromichi (Hiro) Mizuno, Japan’s Government Pension Investment Fund former head, to the board of directors. Today, Tesla announced that its board has authorized the number of directors on the Board of Directors to increase from nine to ten in order to appoint Mizuno Mizuno was Executive Managing Director and Chief Investment Officer of… Continue reading Tesla appoints former head of Japan’s Government Pension Investment Fund to its board
Tag: Tesla
China’s new EV subsidies disqualify luxury models from Tesla, BMW, and Daimler
China announced today that it cut subsidies for electric cars by 10% this year, followed by further reductions in the next two years. The reduced subsidies are now only available to passenger cars costing less than 300,000 yuan ($42,400). Tesla’s China-made Model 3 sedan is currently priced at 323,800 ($45,800). The exclusion of high-priced EVs… Continue reading China’s new EV subsidies disqualify luxury models from Tesla, BMW, and Daimler
Nikola gets $4 million pandemic loan, as patent lawsuit against Tesla continues
Electric big rig startup Nikola received a $4.1 million loan from the Small Business Administration’s Paycheck Protection Program (PPP) meant to help small businesses keep people employed during the COVID-19 pandemic, according to an April 15th filing with the Securities and Exchange Commission. It’s at least the third EV startup to receive money from the… Continue reading Nikola gets $4 million pandemic loan, as patent lawsuit against Tesla continues
Tesla could use factory shutdown to update Model S and Model X interior
Tesla might take advantage of its current factory shutdown to update the Model S and Model X interior and avoid the usual headaches that come with Tesla updating its vehicles. Unlike virtually every other automaker, Tesla doesn’t rely on new model years to introduce changes and upgrades in its vehicle programs. Instead, the automaker introduces… Continue reading Tesla could use factory shutdown to update Model S and Model X interior
SK Innovation to Supply Electric Vehicle Batteries to BAIC
SK Innovation is planning to supply electric vehicle batteries to China’s BAIC Group. As it looks to actively target the Chinese market, which is the world’s biggest market for electric vehicle, it has prepared a turning point to increase its market shares within the global electric vehicle market separated from its lawsuit with LG Chem… Continue reading SK Innovation to Supply Electric Vehicle Batteries to BAIC
Tesla Cybertruck is going to be ‘able to float for a while,’ says Elon Musk
Tesla Cybertruck is going to be “able to float for a while,” says CEO Elon Musk, who apparently can’t wait to bring the electric pickup truck to production. For a while now, Elon Musk has cautiously boasted about the ability of Tesla vehicles to float, or even “act as a boat” for short periods of… Continue reading Tesla Cybertruck is going to be ‘able to float for a while,’ says Elon Musk
Elon Musk: The Cybertruck Will “Float For a While”
We All Float Down Here According to a new tweet by Tesla CEO Elon Musk, the electric automaker’s upcoming Cybertruck will be able to float — at least for short periods of time. “Yes. It will even float for a while,” Musk responded on Twitter about the vehicle’s wading depth. As Electrek reports, Musk bragged… Continue reading Elon Musk: The Cybertruck Will “Float For a While”
Karma’s first all-electric car is a souped-up Revero
Sponsored Links Karma After years of hybrids, Karma is finally ready to make the leap to pure EVs. The automaker has unveiled an all-electric Revero GTE sedan that will represent the “high-range” of its lineup. Karma didn’t reveal the motors, but the machine will be built on the E-Flex platform and deliver 60MPH in under… Continue reading Karma’s first all-electric car is a souped-up Revero
Tesla’s acquisition of DeepScale starts to pay off with new IP in machine learning
Tesla’s acquisition of machine-learning startup DeepScale is starting to pay off, with the team hired through the acquisition starting to deliver new IP for the automaker. Late last year, it was revealed that Tesla acquired DeepScale, a Bay Area-based startup that focuses on “Deep Neural Network (DNN)” for self-driving vehicles, for an undisclosed amount. They… Continue reading Tesla’s acquisition of DeepScale starts to pay off with new IP in machine learning
Bharat Forge sees itself benefitting from supplier restructuring amid Covid crisis
The ongoing pandemic of Covid19, it seems, has come as an opportunity for Bharat Forge. Part of the $ 3 billion Kalyani Group, Bharat Forge envisages some strategic structural changes in the automotive supply chain in a post -Covid19 world, where OEMs, in order to mitigate uncertainties, will be looking forward to diversifying their component… Continue reading Bharat Forge sees itself benefitting from supplier restructuring amid Covid crisis