Tag: Tesla

Daimler flags recovery signs, sees Mercedes-Benz EBIT rising this year

FRANKFURT (Reuters) – Daimler (DAIGn.DE) on Thursday flagged signs of recovering demand for top-end Mercedes-Benz models and electric vehicles, sending its shares higher. FILE PHOTO: Mercedes logo is seen as Ola Kaellenius, CEO of German luxury car manufacturer Daimler AG, speaks at the annual results news conference in Stuttgart, Germany, February 11, 2020. REUTERS/Andreas Gebert… Continue reading Daimler flags recovery signs, sees Mercedes-Benz EBIT rising this year

Tesla surprisingly lists Model Y Long Range RWD for $48,000

Tesla added the Model Y Long Range RWD to its loan calculator – listing a surprising price of $48,000 for the new version of the electric SUV. Currently, Tesla only offers the Model Y in two versions: Long Range All-Wheel-Drive and Performance. When Tesla launched the Model Y back in March of 2019, the company… Continue reading Tesla surprisingly lists Model Y Long Range RWD for $48,000

Tesla battery supplier LG Chem shares jump 10% on upbeat outlook

SEOUL (Reuters) – LG Chem, an electric vehicle battery supplier for Tesla, Volkswagen (VOWG_p.DE) and others, said on Friday it expects profitability in its battery business to rise in the second half, helping shares surge nearly 10%. “Sales are expected to grow and profitability is expected to remain robust thanks to greater EV shipments for… Continue reading Tesla battery supplier LG Chem shares jump 10% on upbeat outlook

Twitter pins its July 15th breach on a phone spear phishing attack

Sponsored Links Mike Blake / Reuters Two weeks after a massive breach saw hackers take over some of the most prominent accounts on Twitter — including Barack Obama, Elon Musk, Joe Biden and Bill Gates — the company has published more details about how it happened. While a number of people from the “OGUsers” gray… Continue reading Twitter pins its July 15th breach on a phone spear phishing attack

Tesla batteries to get 20% energy density increase –Panasonic

Panasonic says that Tesla’s ‘2170’ batteries produced at Gigafactory Nevada are going to get a 20% increase in energy density over the next five years, which could result in significant performance improvements. Tesla has been partnering with Panasonic to produce a new 2170-format battery cell at Gigafactory Nevada. Panasonic produces the battery cells, but Tesla… Continue reading Tesla batteries to get 20% energy density increase –Panasonic

Howes: GM demonstrates resilience amid COVID-19 pandemic, but shares slip

That could have been worse. After missing eight of 13 second-quarter weeks of North American production because of the coronavirus shutdown, General Motors Co. posted a loss of less than $800 million for the three-month period, rescinded most of its salary cuts and signaled that the second half of the year could prove surprisingly resilient.… Continue reading Howes: GM demonstrates resilience amid COVID-19 pandemic, but shares slip

Inspired by Tesla, China’s EV startups race for IPO

HONG KONG — Chinese electric vehicle startups are racing for stock market debuts, inspired by a surge of investor interest in Tesla as they seek to beef up balance sheets in the face of strong industry headwinds. Beijing-based Li Auto will make an initial public offering on Nasdaq on Friday to raise as much as… Continue reading Inspired by Tesla, China’s EV startups race for IPO

China’s electric SUV maker Li Auto raises $1.1 billion in U.S. IPO

Trade tensions between China and the U.S. have not stopped Chinese companies from eyeing to list on American stock exchanges. Li Auto, a five-year-old Chinese electric vehicle startup, raised $1.1 billion through its debut on Nasdaq on Thursday. The Beijing-based company is targeting a growing Chinese middle class who aspire to drive cleaner, smarter, and… Continue reading China’s electric SUV maker Li Auto raises $1.1 billion in U.S. IPO

Panasonic boosts energy density, trims cobalt in new 2170 battery cell for Tesla

Production to start at Tesla gigafactory in September Kirsten Korosec 13 hours Panasonic has developed new battery technology for the ‘2170’ lithium-ion cells it produces and supplies to Tesla, a change that improves energy density by 5% and reduces costly cobalt content. The new, higher-energy dense 2170 cells will be produced by Panasonic at Tesla’s… Continue reading Panasonic boosts energy density, trims cobalt in new 2170 battery cell for Tesla