Saudi Arabia increases stake in Lucid
Saudi Arabia can’t get enough of Lucid as it has put more money into the EV startup. The middle-eastern kingdom increased its investment by 9% in the last quarter, as revealed by SEC filings. The […]
Ford claims 59% of US Lincoln dealers opt to sell EVs
The ride to EVs has not been free of bumps for Ford. The American automaker faced backlash from its Lincoln dealerships chafing at the requirements for selling EVs from the brand. However, Ford has claimed 59% […]
SpaceX to reach $137 billion after raising $750 million in investment
It is incredible how far SpaceX has come in the space industry. However, the company is still conducting investment rounds. The latest is spearheaded by Andreessen Horowitz. It will target $750 million for a total […]
Ford’s top Lincoln dealers may cough up $900,000 to sell EVs
Selling EVs carrying the Lincoln logo may be expensive, as top dealers may have to shell out $900,000 for the privilege, as reported by Automotive News. This is more than four times what Cadillac is asking. […]
Aptera welcomes additional investment to power production of EV
Aptera is intent on bringing its only EV to the market. The company is now taking more investment to fund production. The three-wheeled, 1,000-mile EV can be charged through solar. Aptera says owners can go months without […]
Wedbush forecasts Tesla for 33% surge in deliveries in 2022
According to a new investor note from Wedbush analyst Dan Ives, Tesla deliveries will surge 33% in 2022. Ives is a Tesla bull but believes the company’s delivery numbers could grow by 300,000 in the […]
Electric car maker Rivian secures $2.5 billion in new funding
Rivian had plans to launch its first electric vehicles, the R1T pickup truck and R1S SUV, later this year. But like many automakers, those plans were delayed due to the ongoing coronavirus pandemic. But in […]
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