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Foxconn consortium announces three-seater EV
Foxconn is in the middle of diversifying its business. The Taiwanese company has formed a consortium, MIH, to make electric vehicles and sell them in Asia. The first car from MIH is a battery-powered three-seater, […]
Foxconn is looking to invest up to $170 million in Lordstown Motors
Lordstown Motors Corp has agreed in principle to sell a substantial stake in the company to Foxconn. As per Bloomberg, the agreement will see Foxconn invest as much as $170 million through a purchase of […]
Elon Musk sells another $3.95 billion in Tesla (TSLA) shares after Twitter purchase
According to new regulatory filings published on Tuesday Tesla CEO Elon Musk has sold another $3.95 billion worth of his shares in the company. The three Form-4 filings with the Securities and Exchange Commission show […]
Lucid posts $530 million loss in Q3, still on track to meet annual delivery guidance
Lucid Group has posted their Q3 2022 financial results and while the fledgling automaker was able to increase both production and deliveries, it is still losing cash hand over fist while it continues to ramp […]
Zoom officially announces its video conferencing app is coming soon to Tesla vehicles
Zoom has officially announced it will soon be adding its video conferencing app to Tesla vehicles. The company announced the addition at its annual Zoomtopia 2022 Event on Tuesday. Earlier this year Tesla released a […]
Tesla China sets new record exporting over 54,000 vehicles in October
The China Passenger Car Association (CPCA) announced last week that Tesla had sold 71,704 Model 3 and Model Y cars in October. Today the CPCA has revealed the majority of those cars were exported to […]