General Motors told its suppliers that it plans to increase the production of its electric trucks and the Cadillac Lyriq SUV by more than six times in an attempt to keep pace with industry leaders. As the electric automotive market continues to become more competitive and has been dominated by smaller, EV-only companies, legacy automakers…
Ford Motor Company announced today that it has successfully started shipping its brand new all-electric E-Transit van to customers, working to fulfill the over 10,000 orders the automaker has to for the vehicle. “Ford E-Transit™, the electric version of America’s best-selling commercial van1 and the first of two all-electric vehicles purpose-built for Ford Pro™ commercial customers, is now shipping…
President Joe Biden has finally uttered the word “Tesla” in a speech, recognizing the company as the country’s “largest electric vehicle manufacturer.” Since Biden’s Presidency began in 2021, he has recognized the U.S.’ need for electric vehicles. However, Biden has stuck to commending legacy automakers like General Motors and Ford, two companies who have notable EV programs, but…
Startup ‘Launcher Space’ has chosen SpaceX to launch at least three more ‘Orbiter’ space tugs, meaning that the company will have a payload on every dedicated SpaceX rideshare launch planned from Q4 2022 to the end of 2023. Following SpaceX’s third successful dedicated rideshare launch in January 2022, the company has another two missions –…
ARC Advisory Group, a technology and research firm founded in 1986, recently released its inaugural Industrial Digital Transformation Top 25 special report. The report analyzes companies across several industries and ranks them based on how well they excel at integrating digital technologies in all areas of their business. Tesla took the number one spot in…
Ford held its fourth-quarter and full-year earnings call last week, where CEO Jim Farley addressed, among other things, the price markups dealers were placing on electric vehicles. “We don’t like making our customers wait and we’re taking action to ensure that they don’t pay unreasonable markups,” said Ford CEO Jim Farley. Brian Johnson, an analyst…
A Tesla Cybertruck prototype was spotted at the Fremont Factory recently. It seemed to be the same prototype seen in Giga Texas. Based on a recent YouTube video (seen below), the Cybertruck in Fremont had no door handles, and the dashboard held several interior parts. The prototype’s wheels didn’t have aero covers, similar to the…
LGES told Teslarati that it is working to diversify its cylindrical battery lineup and is developing 4680 batteries. The battery manufacturer did not disclose any client-related matters, specifically regarding 4680 batteries. However, the Korean battery supplier is a confirmed Tesla partner. LGES reported a quarterly revenue of KRW 4.44 trillion ($3.7 billion), up 10.2% from the previous…
A new study suggests that the global electric vehicle market will multiply in valuation by five times by 2030, based on new data acquired by Allied Market Research. The 2020 EV market size was valued at $163.01 billion, a sizeable figure considering the sector’s relatively low share compared to that of combustion engine vehicles. With…
Tesla is employing nearly 100,000 people across its facilities, thanks to an over 40 percent increase in the company’s workforce last year. Tesla revealed in its 10-K filing with the SEC that it employed 99,290 employees as of December 31, 2021. This is a substantial increase from how many people the company had employed at the end…