Polestar, the Swedish electric vehicle maker backed by Volvo and Geely Motors, is bringing a Single Motor Polestar 2 to the United States. The vehicle is Polestar’s most affordable to date, and will give consumers more access to its vehicles with a lower price point. The Single Motor trim of the Polestar 2 will start…
Tesla stock (NASDAQ: TSLA) has surged past the $1 trillion valuation mark once again for the first time since mid-January, following a nearly 16 percent rally in the past five trading days. At the time of writing, Tesla shares were up over 1.3 percent, trading at $1,012.25 at 11:30 AM EST. Tesla shares rebounded a…
Nikola Motor said on Wednesday it has started production of the all-electric Tre, a semi, at its factory in Coolidge, Arizona. Nikola plans to begin deliveries of the electric semi during the second quarter, according to a presentation the company set up for analysts. Production started just this week, as Nikola launched manufacturing lines for…
Tesla battery supplier LG Energy Solutions announced it would build a $1.4 billion battery production facility in Arizona as demand for electric vehicles throughout the United States skyrockets. LG Energy Solutions said it would build the $1.4 billion plant to meet demand for “prominent startups” and other North American companies as consumer sentiment is beginning…
The Tesla Model Y has been added to Hertz’s fleet of rentable electric vehicles, joining its sibling vehicle, the Model 3. Last year, Hertz ordered 100,000 Model 3 vehicles from Tesla in a deal that still has yet to be completely fulfilled, but it has not stopped the rental company from offering a new all-electric…
Elon Musk is currently the richest person in the world, taking over former Amazon CEO Jeff Bezos last year to claim the title. While Musk has stated many times that material possessions are not a concern of his, eventually selling nearly all of his personal properties as proof, a new study from Tipalti Approve suggests Musk…
Pirelli, the Italian tire maker, announced today the introduction in North America of its first-ever replacement tire for electric vehicles: the P Zero All Season Plus with Elect Marking. The Elect marking on Pirelli’s tires indicates several distinct advantages. First, the tire has low rolling resistance, which increases driving range and reduces energy consumption, making…
Tesla’s Giga Fest at Gigafactory Texas, an invite-only event, drew a handful of concerns from local citizens over noise complaints from fireworks testing and concerns regarding a lack of public engagement from the automaker as it nears the official opening of the factory. The April 7th event is now an invite-only event, according to a…
Tesla’s Megapack farm in Moss Landing, California, has gone through quite a journey since the project was approved by the California Public Utilities Commission back in 2018. Comprised of 256 Megapacks, the 182.5 MW / 730 MWh installation would be capable of powering an estimated 136,500 homes for several hours during periods of high demand.…
Shell may have established its legacy as an oil and gas giant, but the company has shown an eagerness to present itself as an advocate of sustainable solutions. In Germany, for example, Shell has launched a dedicated electric vehicle subscription program, featuring popular electric vehicles from the humble Fiat 500-e icon to the luxurious Porsche…