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SUN Mobility, on Thursday, announced signing a strategic agreement with the Pilipinas Shell Petroleum Corporation. Through the partnership, SUN Mobility will explore the pilot deployment of its advanced battery-swapping technology in the Philippines for 2 and 3-wheel electric vehicles. The pilot is expected to launch within the first half of 2023. The partnership supports the … Read more
Famed investor Cathie Wood, chief executive of Ark Investment Management, continued to bulk up on one of her darling stocks Jan. 13 — Tesla (TSLA) – Get Free Report. That company, of course, is the dominant electric vehicle maker in the U.S., run by controversial entrepreneur Elon Musk. Ark Innovation ETF (ARKK) – Get Free … Read more
Tesla has become the world reference in the niche of electric vehicles. The firm and its whimsical and visionary CEO Elon Musk have become symbols of the decline in CO2 emissions from the automotive sector. The automaker currently produces more than 1.37 million electric vehicles a year, digging a huge pit with its competitors. It … Read more
Elon Musk is used to facing critics, haters and detractors. He even likes these battles very much. Sometimes he even tends to provoke his supposed enemies. The Techno King, as he’s known at Tesla (TSLA) – Get Free Report, likes to turn his opponents’ attacks into counterattacks. The serial entrepreneur is never as lethal as when … Read more
Three months after taking control of Twitter, Elon Musk is adopting a less pessimistic tone about the future of the social network, which he defines as the Town Square of our time. A few weeks ago, the billionaire was worried about the financial health of the platform, which saw an exodus of advertisers, while advertising … Read more
Tesla and Elon Musk are about to keep a promise. On January 26, the billionaire entrepreneur announced that the automotive group would reveal the locations of its new factories before the end of the year. “2022 is the year we will be looking at factory locations to see what makes the most sense with possibly … Read more
Tesla is completely lost on Wall Street. The electric vehicle manufacturer is having a dark year in the stock market. And those difficulties worsened on Dec. 13 with another sharp drop in the stock price of almost 4%. In all, the Tesla stock lost has lost 54.2% of its value in 2022, translating into a drop … Read more
A Rivian logo on an Amazon.com delivery electric van photographed in Chicago, Illinois, on July 21, 2022. Jamie Kelter Davis | Bloomberg | Getty Images Rivian said Monday it was pausing plans to manufacture electric commercial vans in Europe and would “no longer pursue” the agreement it made with Mercedes-Benz just three months ago. “We’ve … Read more
Elon Musk is worried about the economy. For several months now, the richest man in the world has continued to sound the alarm, warning that the economy risks a deep recession if the central bank’s monetary policy stays on course. While the Federal Reserve is holding its last monetary meeting of the year in the … Read more
General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors General Motors and LG Energy Solution will spend an additional $275 million in their joint venture battery plant in Tennessee to increase production by more … Read more