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Polestar signs $1.6 billion loan deal to fund growth
Polestar has announced it received a $1.6 billion loan from two major shareholders. The funding will go towards achieving its growth targets. The two shareholders are the parent company Volvo Cars and PSD Investment. Each […]

Elon Musk is planning to let go 50% of Twitter staff by Friday: Report
Last week we saw cuts to the senior ranks of staff, and this week it looks like Elon Musk will be cutting more jobs at Twitter. According to sources at Bloomberg, Musk is planning to […]

Elon Musk’s changes to Twitter continues with new verification launching next week and edit button for everyone: Report
It has been a busy few weeks for now CEO Elon Musk at Twitter and the changes are not stopping. According to Bloomberg, Musk plans to start charging for his new version of Twitter Verification […]

Tesla delivers nearly 72,000 cars in China in October
The Tesla China team kicked off the final quarter of the year with another strong month of sales, delivering 71,704 Model 3 and Model Y cars to customers in October, according to data from the […]

Fisker ended Q3 2022 with over 62,000 pre-orders; according to financial report
Fisker has released the financial report for the 3rd quarter of 2022. While the startup is yet to ship a car, it ended the quarter with over 62,000 reservations. Fisker wants to make one million […]

Ford’s EV sales continue to be lone bright spot in October sales report
Ford has reported its October 2022 sales and once again the Detroit-based automaker has seen a drop in its overall vehicle sales of 10% year-over-year (YoY). That is basically the same result when compared to […]