Nikola Corp. got its first sell-equivalent rating, with the electric-vehicle startup downgraded to underperform from neutral at Wedbush, citing the loss of a driving force in founder Trevor Milton’s departure, and the threat posed to hydrogen fuel’s appeal by Tesla Inc.’s “eye-popping battery innovations.â€
September 24, 2020Search
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Daimler Will Retool Century-Old Engine Plants in Electric Shift
Daimler AG has entered discussions with its powerful German labor unions to convert key engine and transmission factories for the electric-car era.
September 24, 2020California Aims to End Sales of New Gas-Powered Cars, Trucks by 2035
California will aim to halt sales of new gasoline-powered passenger cars and trucks by 2035, Gov. Gavin Newsom announced Sept. 23, a move he says would cut greenhouse gas emissions by 35% in the nation’s most populous state.
September 23, 2020VW Aims to Turn Legions of SUV Buyers Into Electric Converts
Volkswagen AG is setting a high bar for the first electric vehicle it will build around the globe.
September 23, 2020Elon Musk Says Tesla Plans $25,000 Autonomous EV in 3 Years
Tesla Inc. plans to manufacture a car that will cost $25,000 in about three years’ time, fulfilling an elusive long-term objective to sell a cheap mass-market electric vehicle, Chief Executive Officer Elon Musk said Sept. 22.
September 22, 2020Tesla Falls on Musk Cautioning Battery Output Is Years Away
Elon Musk tempered expectations for Tesla Inc.’s long-awaited battery day by cautioning that the company will unveil something that won’t be widely produced for two years.
September 22, 2020Volvo Adds NFI to LIGHTS Project
Volvo Trucks North America announced diversified carrier NFI is the latest fleet to demonstrate two Volvo VNR Electric trucks as part of the Volvo LIGHTS project.
September 22, 2020Walmart Aims to Eliminate Emissions From Its Fleet by 2040
Walmart Inc. on Sept. 21 outlined its goals to achieve zero-emission operations, which include fully converting its fleet to electric trucks.
September 21, 2020Elon Musk Gets Shot to Deliver on Tesla’s ‘Battery Day’ Hints
Tesla Inc. will provide a highly anticipated technology update Sept. 22 when Elon Musk takes center stage at an event the CEO has dropped hints about for months — and which has helped propel the company’s sky-high valuation.
September 21, 2020Steve Girsky Rises From Matchmaker to Chairman at Nikola
With Trevor Milton having stepped down as executive chairman of Nikola Motor Co. Sept. 21, the spotlight now falls to new chairman of the board Steve Girsky.
September 21, 2020