Elon Musk’s countersuit against Twitter accuses the social media giant of misleading investors. As per the suit, Musk accused Twitter of deliberately miscounting the number of spam accounts on its platform. The suit continued and […]
According to a disclosed securities filing, SpaceX raised an additional $250 million in an equity round last month. This latest sum means that SpaceX has raised $2 billion in private equity funding in 2022 alone. […]
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 […]
Tesla shareholders approved a three-for-one stock split yesterday in an attempt to attract more retail investors to the company. The split will bring Tesla stocks to around the $300 range, but Tesla did not confirm […]
Yesterday, the US Patent and Trademark Office published a series of 54 patents that the office granted to Apple. Of note, two of them are specific to Project Titan, Apple’s autonomous vehicle project. Thanks to […]
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 […]
Volkswagen announced this morning that the company is starting production of the MY23 ID.4 electric SUV at its Chattanooga, Tennessee facility. The company plans to ramp up production to 7,000 cars per month to speed […]
Tesla’s sales for July dipped a massive 62 percent in July, with 30,000 units sold, according to data from the China Passenger Car Association (CPCA). It had a record month in June, selling 78,906. However, the massive […]
NIO is working on a third sub-brand that will produce affordable EVs for the Chinese market. This at least reporting coming from 36 Kyrpton. NIO has not named the brand yet, but it is known […]
Lucid Motors cut production expectations for the second time in a year as the company deals with supply chain and logistics challenges. As per Lucid, the company now has 37,000 reservations for its Air electric […]
