Tesla has overtaken Mercedes in midsize SUV sales in Europe
The first half of 2022 has been good for Tesla, and the Tesla Model Y’s sales are strong in Europe. In fact, for the first time ever, Tesla is atop the European midsize SUV sales […]
Tesla’s three-to-one stock split will happen on August 25, 2022
Tesla has confirmed with the Securities and Exchange Commission that the three-to-one stock split will happen on Thursday, August 25, 2022. The date comes from the Tesla’s Form 8-K sent to the SEC. Thanks to […]
BMW first NEUE KLASSE EVs will be a compact sedan and sporty SUV
In the first significant update about the upcoming BMW “NEUE KLASSE”, BMW confirmed it would launch a compact sedan and sport SUV to start. On BMW‘s Q2 2022 call, BMW CEO Oliver Zipse said: Our […]
Tesla signs battery material supply deal with two Chinese companies
Tesla wants to produce 1.5 million EVs in 2022, but that is only possible if it can find enough batteries. The company has locked down the material supply to make its battery using two big […]
Autonomy taking delivery of 200 Tesla cars every week
A company that lets you subscribe to EVs has been busy acquiring Tesla cars at a clip of 200 units per week, as reported by Electrek. Autonomy is about to place an order for 23,000 EVs […]
US EV tax credit survives in new bill and gets bigger
One of the last hurdles facing the reinstatement of the famous federal EV tax credits in the US has been removed as Senator Joe Manchin has changed his position. The Democratic politician had been opposed […]
Honda shows the Prologue EV in video
The Honda Prologue EV is coming in 2024, but the carmaker has revealed what it looks like in a video. Apart from the Prologue, Honda has teamed with Sony to sell EVs from 2025. Honda may […]
Ford reports $667 million profit on $40.2 billion revenue in Q2 2022
Ford has reported its performance for the second quarter of 2022. The company generated $667 million on top of $40.2 billion in revenue. The profit was 19 percent better year-on-year, and it comes after Ford […]
US Department of Energy to loan $2.5 billion to Ultium Cells
The United States Department of Energy announced that it intends to loan $2.5 billion to Ultium Cells. Ultium Cells is a joint-venture company between LG Energy Solutions and General Motors. The loan is to help […]
Redwood Materials plans $3.5 billion Nevada plant
Redwood Materials, a company founded by Tesla co-founder, is making a big bet on EV batteries. The company plans to set up a $3.5 billion factory in northwest Nevada, where it will produce battery materials, […]
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