Tesla (NASDAQ: TSLA) has officially welcomed Airbnb co-founder Joe Gebbia to its Board of Directors after departing the company this past Summer after 14 years. Tesla filed an 8-K with the SEC to reveal a new blog post to its website stating that Gebbia has joined Tesla’s Board of Directors, effective September 25. “Gebbia, a designer and…
Several DeLorean executives are being sued by their former employer Karma Automotive for pursuing an outside venture while being told to find investors for electric vehicle development. Karma filed a lawsuit last month against DeLorean CEO Joost de Vries, Chief Operating Officer Alan Yuan, Chief Marketing Officer Troy Beetz, and Vice President Neilo Harris, who…
Mark Cuban-backed Natrion has unveiled its latest developments in solid-state battery manufacturing with the new LISIC278 separator in a traditional pouch cell. The separator allows for a higher thermal resistance than other EV batteries, decreasing the risk of fires and combustion. Additionally, the cell showed a 40 percent increase in the charge rate compared to…
Polestar announced today that it would unveil its first all-electric SUV, labeled the Polestar 3, at an event in Copenhagen, Denmark, on October 12. Polestar is owned by Volvo and Geely Motors from China and has released several electric vehicle designs in the past several years. The Polestar 1 was the company’s first released vehicle,…
Twitter’s legal team has claimed that even consultants hired by Elon Musk himself were not able to verify the CEO’s estimates that the social media platform had significantly more spam and fake accounts than Twitter’s public estimates. During a hearing at a Delaware court on Tuesday, Twitter’s legal team noted that they received documents showing…
It appears that Hertz’s bet on electric vehicles like Teslas is paying off. During a recent interview, Hertz CEO Stephen Scherr highlighted that the all-electric vehicles in the company’s fleet of rental cars are seeing a lot of demand. Hertz made headlines almost a year ago when the American car rental giant placed an order for…
Tesla CEO Elon Musk once again pushed for a term of his 2018 consent decree with the SEC to be thrown out. The 2018 settlement with the agency, which came after a settlement in relation to the CEO’s “funding secured” Tweet, required a company lawyer to pre-approve Musk’s Twitter communication. The “government-imposed muzzle” should be…
Every Tesla enthusiast who has followed the company over the years would know that CEO Elon Musk tends to be very optimistic with his forecasts. He also has a tendency to hype products and innovations prior to their release. FSD Beta 10.69 is a notable example of this. This is one of the reasons why…
It is said that investing in Tesla is an exercise in guts, so much so that Elon Musk once said in an earnings call that investors should stay away from TSLA stock if they fear volatility. But for retail investors who stood by the company over the years and braved the wild swings that have…
Volkswagen and Umicore announced a joint venture earlier this week. VW clarified that the collaboration with Umicore secures enough battery materials for 2.2 million EVs per year by the end of the decade, equivalent to 160 GWh of battery cells. The German automaker is investing €3 billion into new materials production capacities to supply its factories starting…