Tag: Tesla

Elon Musk says California is home to Tesla’s engineering headquarters

The CEO moved the company’s corporate headquarters to Texas in 2021. Despite moving its corporate headquarters to Texas, Tesla now considers California its global engineering home base. Elon Musk said a Palo Alto engineering hub will be “effectively a headquarters of Tesla.” The CEO added that the company’s plant in Fremont, which it bought in… Continue reading Elon Musk says California is home to Tesla’s engineering headquarters

Lucid shares stumble on dour EV production target as price war weighs, article with image

Feb 23 (Reuters) – Shares of Lucid Group Inc (LCID.O) slumped 10% in premarket trading on Thursday after the electric vehicle maker’s 2023 production targets fell short of expectations amid waning demand and a price war unleashed by market leader Tesla Inc (TSLA.O). Lucid expects to produce 10,000 to 14,000 luxury electric vehicles this year,… Continue reading Lucid shares stumble on dour EV production target as price war weighs, article with image

U.S. manufacturers see big boost from government subsidies and tax breaks

Tesla Inc said Wednesday it would shift some vehicle battery production from Germany to the United States. By Timothy Aeppel A 77-year-old factory in a hard-luck Ohio town sputtered into high gear to produce a new line of electric garbage trucks. A short drive away, construction began on a $20 billion plant that will take… Continue reading U.S. manufacturers see big boost from government subsidies and tax breaks

Why electric vehicle era means legacy factories must close

Just from this sample group of new plants, planned capacity for light vehicle production is increasing by nearly three million units. Existing plants produced as many as 96 million units as recently as 2017 and the global market is not expected to top that output before 2028. What happens with all of this excess capacity?… Continue reading Why electric vehicle era means legacy factories must close

Jio-BP to sell bio-CNG, compressed biogas

Compressed biogas is a green fuel produced from waste/biomass sources. Jio-bp, a fuel retail joint venture between Reliance Industries and British oil major BP, will shortly begin retailing compressed biogas (CBG) and bio-CNG (B-CNG), both of which can be used in place of compressed natural gas in CNG-powered vehicles. To begin with, the company will… Continue reading Jio-BP to sell bio-CNG, compressed biogas

Instagram co-founders’ news app Artifact is now open to everyone

New features include a way to see if an article is popular among your friends. Artifact, the personalized news curation app from Instagram’s co-founders, no longer has a waitlist. The app is live in the Apple App Store in most English-speaking markets, as well as on Android. Starting today, you’ll no longer need a phone… Continue reading Instagram co-founders’ news app Artifact is now open to everyone

Tesla to build engineering HQ in California

Tesla is making California the home of its global engineering headquarters. CEO Elon Musk and California Governor Gavin Newsom announced Wednesday that Tesla’s new engineering HQ will be at the former offices of Hewlett-Packard. The sudden rekindling of Tesla’s relationship with California may be surprising after the EV-maker up and moved its corporate headquarters from… Continue reading Tesla to build engineering HQ in California

Lucid shares drop as EV maker misses 2023 delivery expectations

Luxury electric vehicle maker Lucid Motors missed Wall Street estimates for fourth-quarter and full-year 2022 revenue, as well as 2023 production and delivery goals, causing the company’s stock price to tumble almost 10% in after-hours trading. That’s a particularly rough outcome for a company that’s been battling supply chain issues and has had to slash… Continue reading Lucid shares drop as EV maker misses 2023 delivery expectations