Latest News
SEC starts probe over Elon Musk’s delay in disclosing Twitter stake
The United States Security and Exchange Commission (SEC) is now investigating Elon Musk for yet another issue. According to the Wall Street Journal, the US regulators are investigating Musk’s delayed disclosure of his stock purchase […]
BMW is targeting a 30% drop in battery prices to take on Tesla
BMW is switching to the next generation of low-cost batteries to take on Tesla moving forward. The company is moving to round cells instead of prismatic ones for their next class of vehicles starting in […]
Canadian Vehicle Manufacturers Association says Ottawa needs a better plan for adding EV chargers
According to some of Canada’s largest automakers, the federal government needs to be more ambitious and coordinated in its approach to adding electric vehicle charging infrastructure if it wants to meet its zero-emission vehicle sales […]
New Rivian order process will leave buyers unable to lock in a price
Rivian published their Q1 2022 earnings report this afternoon, and within it announced a new order process that will leave new reservation holders vulnerable to future price changes. According to Rivian, the new reservation system […]
Rivian Q1 2022 earnings report misses estimates on 1,227 deliveries
Rivian has published their Q1 2022 earnings report after markets closed on Wednesday, missing Wall Street estimates and posting a net loss of $1.6 billion. According to the report, Rivian recorded $95 million in revenue […]
US Judge says Elon Musk’s tweets in 2018 were reckless
US Judge Edward Chen determined that Elon Musk’s 2018 tweets about funding secured were inaccurate and reckless. As per reporting by Reuters, this statement comes from a pre-trial decision from the bench. Evidently, this is […]