When California Gov. Gavin Newsom announced last week that the state would ban new sales of internal-combustion engines after 2035, the obvious and immediate reaction was, “This has to be great news for Tesla!” And it is great news for America’s dominant electric-vehicle manufacturer, which currently makes almost all its cars in the Golden State.… Continue reading California’s ban of gas-powered cars by 2035 looks great for Tesla, but could distract the young automaker from its best chance to grow (TSLA)
Tag: Morgan
Tesla will face challenges with a new battery technology, experts say
Welcome to Insider Energy, a weekly energy newsletter brought to you by Business Insider. Here’s what you need to know: Want to get Insider Energy in your inbox every Friday? Sign up here. Do you have feedback or story tips? Reach out to me at bjones@businessinsider.com. A reminder: BI is looking for an energy reporter/editor… Continue reading Tesla will face challenges with a new battery technology, experts say
Nikola chairman, VectoIQ CEO Steve Girsky eyes his next transportation investment
Steve Girsky, the former GM vice chairman, consultant and investor whose special purpose acquisition company (SPAC) merged with hydrogen electric startup Nikola this summer, is in talks to back self-driving trucks startup TuSimple, according to four people familiar with the deal. The capital would come from Girsky’s VectoIQ LLC, a consulting and investment company he… Continue reading Nikola chairman, VectoIQ CEO Steve Girsky eyes his next transportation investment
Chinese EV charging operator Star Charge nabs $125m co-led by Schneider, CICC
Star Charge, an integrated solution provider for electric vehicle (EV) charging, has raised 855 million yuan ($125 million) in its Series A round jointly led by French global energy and automation digital solution developer Schneider Electric and Chinese CICC Capital’s sub-fund. The round also saw the participation of China Construction Bank’s Hong Kong-based investment arm… Continue reading Chinese EV charging operator Star Charge nabs $125m co-led by Schneider, CICC
GM’s Barra talks flying cars and transforming the automaker
The idea of flying cars is back on the table at General Motors in its pursuit of zero crashes, zero emissions and zero congestion. The automaker is considering options in the aerial taxi market. Yeah, that’s right, flying cars. Those options could include making the air taxis or partnering with another firm to make them, a spokesman for GM confirmed. … Continue reading GM’s Barra talks flying cars and transforming the automaker
Navistar Confirms Receipt Of Revised Proposal From TRATON
LISLE, Ill., Sept. 10, 2020 /PRNewswire/ — Navistar International Corporation (NYSE: NAV) (“Navistar” or “the Company”) today confirmed that it has received a revised proposal from TRATON SE to acquire Navistar for $43 per share in cash. Navistar’s Board of Directors and management team are committed to exploring all avenues to maximize value. Consistent with its… Continue reading Navistar Confirms Receipt Of Revised Proposal From TRATON
@niche: Nikola to Participate in Upcoming Investor Conferences000058
PHOENIX — September 4, 2020 — Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and infrastructure solutions, today announced its participation in the following investor conferences: Cowen Global Transportation & Sustainable Mobility Conference – VirtualPresentation Date: September 11*, 2020, 2:40 p.m. ET 2020 RBC Capital Markets Global Industrials Conference – VirtualPresentation Date: September… Continue reading @niche: Nikola to Participate in Upcoming Investor Conferences000058
Tesla taps market rally keg, announces $5B stock sale
Tesla said Tuesday will sell up to $5 billion in new stock as the company seeks to take advantage of an unprecedented run up in its share price. Tesla will sell the shares from “time to time,” through an “at-the-market” offering program, the company said Tuesday in a filing with the U.S. Securities and Exchange… Continue reading Tesla taps market rally keg, announces $5B stock sale
@Nio: NIO Inc. Announces Proposed Offering of 75,000,000 American Depositary Shares
SHANGHAI, China, Aug. 27, 2020 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO) (“NIO” or the “Company”), a pioneer in China’s premium smart electric vehicle market, today announced the commencement of the offering of 75,000,000 American depositary shares (the “ADSs”), each representing one Class A ordinary share of the Company (the “ADS Offering”). The Company intends… Continue reading @Nio: NIO Inc. Announces Proposed Offering of 75,000,000 American Depositary Shares
Chinese EV maker Xpeng files for U.S. listing after rival surges
FILE PHOTO: People look at XPeng’s P7 sedan model displayed at the Guangzhou auto show in Guangzhou, Guangdong province, China November 22, 2019. Picture taken November 22, 2019. REUTERS/Yilei Sun BEIJING (Reuters) – Chinese electric vehicle (EV) maker Xpeng Inc, backed by Alibaba (BABA.N) and Xiaomi Corp (1810.HK), has filed to list its shares in… Continue reading Chinese EV maker Xpeng files for U.S. listing after rival surges