Rivian has announced a conditional commitment from the U.S. Department of Energy’s (DOE) Advanced Technology Vehicle Manufacturing (ATVM) Loan Program for up to $6.6 billion in financing. According to a statement from Rivian, the DOE […]
Volkswagen and Rivian have officially kicked off their $5.8 billion joint venture, a strategic partnership aimed at developing next-generation software and electrical architecture for electric vehicles (EVs). The collaboration between the two companies marks a […]
Tesla’s stock rally following the recent US presidential election has been good for investors, but has spelled financial disaster for short sellers, or those placing bets against the electric vehicle (EV) maker. Tesla’s stock price […]
Tesla has secured yet another large Megapack contract, and again in Australia. This time the deal with worth US$200 million, and will see Tesla supply its Megapack battery systems to two major energy storage projects […]
Ford has published its third-quarter earnings report, and it could have looked a lot different were it not for a shift in the automaker’s electric vehicle (EV) strategy. Ford’s Q3 revenue topped $46 billion, marking […]
Waymo, Alphabet’s self-driving unit, has closed a $5.6 billion funding round, marking the largest investment in the company’s history. Led by Google’s parent company, Alphabet, with participation from investors such as Andreessen Horowitz, Fidelity, Silver […]
Tesla’s Fremont factory has reached another production milestone with the assembly of its one millionth Model Y, the second major milestone at the factory in a matter of days. Tesla announced the milestone in a […]
Tesla’s Giga Shanghai has achieved a major production milestone with the factory building its 3,000,000th vehicle this week. Since its opening in late 2019, Giga Shanghai has been a powerhouse, contributing significantly to Tesla’s electric […]
Tesla has shared new data about the growth and performance of its Supercharger network for the third quarter of 2024. Despite challenges earlier in the year, including the decision to fire much of its charging […]
Tesla Semi Program Manager Dan Priestley delivered his keynote address at the IAA Transportation show in Hanover, Germany on Tuesday, and shared new information on the ongoing testing program, and their plans for launching the […]
