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Redwood Materials recently received a $2 billion conditional commitment from The United States Department of Energy (DOE). The billion-dollar loan will support the expansion of Redwood Materials’ McCarran site in Nevada.  Redwood Materials plans to establish a recycling production facility on the McCarran site, located approximately 24 miles east of Sparks, Nevada, in the Tahoe-Reno…

Stellantis has revealed the naming of its upcoming electric pickup truck, the RAM 1500 REV. As one of the big three original American automakers, and one who dominates within the pickup truck category, it was only a matter of time before Stellantis hopped onto the electric truck bandwagon. Ford and Rivian have more than proved that…

Ford has commented to Teslarati, explaining the image posted by its FordPerformance Instagram account, teasing an upcoming vehicle with Formula 1 driver Daniel Ricciardo and Ford CEO Jim Farley. Ford has recently re-entered Formula 1 after a long hiatus. Following the reveal of its participation in the motorsport, it displayed the drivers on the Red Bull…

New data from Kelley Blue Book shows consideration for Tesla vehicles dropped from 12 to 9 percent in Q4 compared to Q3, but it doesn’t mean all that much, considering the company is selling cars well beyond its manufacturing capabilities. Tesla has bounced around in KBB’s luxury brand consideration studies over the past several quarters. After scoring as high as…

Tesla is running into more bureaucratic red tape in Germany at Giga Berlin, this time relating to a project that is geared toward the installation of a solar array over parking spaces. Tesla had its construction of a solar array project stopped at its factory in Germany by authorities on Monday. According to numerous reports, authorities…

Volvo will not cut prices to chase Tesla and other electric vehicle makers, its CEO Jim Rowan said on Thursday, citing strong demand and a solid order backlog. “We don’t don’t have any intention to reduce pricing,” Rowan said to Reuters. “We don’t see (price cuts) at this point in time. Demand for our BEVs is…

Lucid Motors has announced yet another discount, this time on top-range variants of the Lucid Air sedan. The effects of the Tesla price cuts from earlier this year are still being felt today. Many manufacturers quickly responded with price cuts of their own, including Lucid, who cut Air leases by $7,500. Now, thanks to continued price…

After its severe beatdown in 2022, Tesla stock (NASDAQ:TSLA) seems intent on coming back with a vengeance. Considering TSLA’s behavior on Thursday’s premarket, the electric vehicle maker seems poised to double the price of its January 2023 lows.  On Thursday’s premarket, Tesla shares rose by as much as 4.1% to $209.50 per share. This represents…

With Tesla’s recent round of price cuts for its entire lineup of premium all-electric vehicles, cars like the Model 3 sedan have become more affordable to mainstream car buyers. At $43,490 before incentives, the Model 3 RWD is a bang-for-the-buck all-electric car with ample range, power, and a suite of impressive active and passive safety…