German car rental giant Sixt has announced it will be phasing out their Tesla electric vehicles (EVs) from its rental fleet. The company said it is making the move in response to Tesla’s aggressive price […]
SpaceX is reportedly in discussions to sell insider shares, potentially valuing the company at over $175 billion. This would be an increase from the previous share sale which valued the aerospace company at $150 billion. […]
Rivian is gearing up to introduce a new battery pack for its R1 series vehicles in 2024. Claire McDonough, Rivian’s Chief Financial Officer, announced the new pack during an interview at the Barclays’ 2023 Global […]
Ford’s Mustang Mach-E is set to lose its eligibility for the US tax credit starting January 1, 2024. At the same time the Detroit-based automaker is now allowing its dealers to advertise the electric crossover […]
General Motors’ Cruise robotaxi unit might be hit with significant fines amounting to $1.5 million, accompanied by additional sanctions, for its failure to disclose crucial information regarding an accident that occurred on October 2. The […]
While Ford’s Model e Certified program is struggling to make inroads with dealers, sales of its electric vehicles (EVs) have reached new heights. November saw a surge in Ford’s EV sales, reaching a record-breaking 8,958 […]
SpaceX has gained partial clearance from the Federal Communications Commission (FCC) to proceed with deploying its Direct-to-Cell Starlink system. The FCC’s decision, issued on Friday, grants SpaceX permission to conduct short tests on a modified […]
A 28-year-old Florida man, Paul Ryan Overeem, was arrested last week for allegedly planning a “mass casualty event” during Tesla’s Cybertruck Delivery Event at Giga Texas. The event, attended by CEO Elon Musk, became the […]
In a surprising turn of events, Amazon has announced it is purchasing three rocket launches from its chief competitor, SpaceX, for its Project Kuiper internet satellite initiative. The agreement involves three launches aboard SpaceX’s Falcon […]
In response to a persistent cash crunch, Fisker has announced a reduction in production for December and a downward revision of its annual production target, the second time it has done so in as many […]
