Rivian could be one of the biggest winners following the introduction of the CHIPS Act under the Biden Administration. Rivian had a mixed message for investors at yesterday’s earnings call. While it is still aiming for profitability by end of 2024, it still missed its earnings targets for Q4 of last year, and further, the automaker…
Tesla Megapacks are powering the massive £75 million battery energy storage system (BESS) funded by Harmony Energy Income Trust Plc., the largest in Europe. The project officially opened last week. Located at Pillswood near Cottingham, East Yorkshire, the facility is capable of storing up to 196 MWh of energy in a single cycle, which could…
Rivian (NASDAQ: RIVN) is in a crunch for cash and is fighting supply and demand issues for its vehicles, and will sell $1.3 million in bonds to support the development of its next platform of vehicles, the R2. Rivian made the announcement on Monday and said that initial investors will have the option to buy…
The Tesla Model Y remains Germany’s favorite EV, according to data released by the KBA today. While the Tesla Model 3 was the vehicle that redefined the Tesla brand thanks to its affordability, the Tesla Model Y has quickly surpassed its popularity. Now, the Model Y is often the most popular EV sold in many…
Tesla hosted German minister Jörg Steinbach at Gigafactory Texas last evening to discuss a potential expansion of the factory, which has supported European electric vehicle sales from the company. Steinbach met with Tesla’s Head of Policy and Business Development, Rohan Patel, at the Texas factory last evening, but he did not immediately respond to Teslarati’s request for…
A documentary based on Tesla and SpaceX CEO Elon Musk is currently in the works. The film appears to be in good hands, as the documentary is being created by acclaimed director Alex Gibney, who has also made documentaries about a number of high-profile topics. Gibney’s film about the SpaceX and Tesla CEO is titled…
On snowy roads, even the best off-roaders available in the market today can find themselves stuck and unable to move. Thankfully for a Rivian R1T that found itself in such a situation, a Tesla Model S was around to give a helping hand. A video of the all-electric premium sedan’s feat was shared on Twitter…
Tesla China saw approximately 13,266 insurance registrations for its vehicles between February 27 to March 5, 2023. In the previous week, Tesla China saw 10,705 vehicle registrations. As per industry watchers in China, insurance registrations for the Tesla Model Y reached 10,157 during the week ending March 5. This represented a 27.83% increase from the previous week….
Tesla has seemingly started deliveries of vehicles equipped with the Hardware 4 (HW4) computer, as an owner who took delivery of a Model X has confirmed his car is outfitted with the new system. Jason Clinton, a member of the TeslaMotors subreddit, took delivery of his Model X this past weekend and was shown by a…
Mercedes has launched an all-new in-car payment system that will integrate with its car feature subscription technology. Mercedes became a controversial figure in the automotive world after it began offering customers new features they could unlock by paying a subscription. This includes features like rear-wheel steering and mobile A/C controls. To support those systems, Mercedes has unveiled…