Elon Muskās Twitter posts keep sending Bitcoin prices tumbling. His own fortune is heading in the same direction. On May 17, Tesla Inc.ās CEO lost his spot as the worldās second-richest person.
May 18, 2021Search
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EV Startups Lose More Than $40 Billion After Taking SPAC Route Public
At their highs, five electric vehicle startups that went public through mergers with special purpose acquisition companies were worth $60 billion. The corrections that followed have been brutal.
May 14, 2021Elon Musk Plays Nice as āSNLā Host
Elon Muskās āSaturday Night Liveā episode on May 8 was neither controversial nor disruptive. It was, in the end, a decent but rather uneventful evening, neither the flaming car wreck his detractors expected or edgy show for which his fans were hoping.
May 10, 2021Mercedes Unveils Electric Van for Growing Battery-Powered Lineup
Mercedes-Benz is giving a sneak peek of an electric van that is among the models broadening its battery-powered range over the next year.
May 10, 2021Driverless Truck Startup Plus to List in $3.3 Billion SPAC Deal
Self-driving truck technology developer Plus announced it entered into a definitive business combination agreement with Hennessy Capital Investment Corp. V, a publicly traded special purpose acquisition company.
May 10, 2021Lion to Locate Largest EV Plant in Illinois
The Lion Electric Co., a manufacturer of all-electric medium- and heavy-duty urban vehicles, announced it selected Joliet, Ill., for the construction of its U.S. manufacturing facility, with building to ramp up in the second half of this year.
May 7, 2021Tesla Engineer Says Musk Overstated Tesla Autopilot Capability
One of Tesla Inc.ās engineers told California authorities that CEO Elon Musk overstated the capability of Autopilot, the companyās driver-assistance system, early this year.
May 7, 2021Nikola Misses Estimates, Details Additional SEC Inquiry
Nikola Corp. posted a narrower-than-expected loss for its latest quarter as the troubled electric-vehicle startup ramped up testing of its debut battery-electric Class 8 trucks and said securities regulators investigating the company issued an additional subpoena in March.
May 7, 2021Ford Boosts Investment in Solid-State Battery Maker
Ford Motor Co. announced May 3 it is increasing its investment in a producer of solid-state batteries, yet another move in the automakerās push to establish a sustainable supply of the components needed to power a coming wave of electric vehicles.
May 3, 2021EV-Charging Industry Is Doing Everything Except Showing a Profit
President Joe Bidenās plan to wean U.S. drivers off fossil fuels requires massive investment in public charging stations to power the electric-car revolution. So far, none of the companies that deploy the equipment has figured out how to make a profit.
April 30, 2021