Tesla and other electric vehicles are beginning to dominate the roads in Norway, leaving very few internal combustion engine (ICE) cars to tax. The “problem” has been long foreseen by those supporting the EV revolution. As one of the first countries to face the challenge, Norway might set an example for future nations on how…
Tesla announced yesterday that it has installed 250,000 Powerwalls globally, a tremendous milestone for the sustainable energy company. Tesla is widely characterized as an automotive company, even though CEO Elon Musk expects the entity’s energy business to be just as large as the automotive side within the next few years. Tesla Energy rarely gets the…
It appears that some trial EV production activities may be ongoing at Tesla’s Germany-based factory. During a recent flyover of the massive Grünheide site, several Tesla Model Y units that seemed to have been produced in the facility were spotted rolling out of Gigafactory Berlin. The all-electric crossovers then proceeded to head over to the…
US President Joe Biden recently visited General Motors’ Factory Zero in Detroit, a site that the veteran automaker notes would be the centerpiece of a massive electric vehicle revolution. Factory Zero has gone through a $2 billion conversion, and it is expected to produce several all-electric cars, starting with the GMC Hummer EV, a hulking…
Elon Musk has liquidated about 5% of his holdings in Tesla (NASDAQ:TSLA) so far. Experts say that the Tesla CEO has already sold more shares than he needs to pay his current tax obligations. As of Wednesday, Musk has sold about 8.2 million TSLA shares since he agreed to sell 10% of his stock in…
Tesla bull and CEO of ARK Invest Cathie Wood predicts that Tesla’s share in the total auto market could be up to 25% by 2026. Wood also believes that the transition to electric vehicles might be ‘too little too late’ for legacy automakers. “If Tesla is the first to be successful in autonomous in the…
Tesla has officially challenged the $137 million settlement in the case of Owen Diaz, a contract worker who won a lawsuit against the electric automaker where he alleged racial discrimination occurred at the company’s Fremont factory in Northern California. Tesla argues that the $137 million sum is “staggering,” and should pay $600,000 to Diaz, based…
Lucid Group CEO Peter Rawlinson recently stated that there’s a long runway for the electric car startup’s stock and valuation. The CEO noted that this runway would allow Lucid to surpass veteran automakers such as Ford and perhaps even be valued similarly like industry leader Tesla Inc. Rawlinson is no stranger to commenting on Tesla.…
California officially sold 1 million electric vehicles this month, according to the California Energy Commission (CEC) Chair David Hochschild. California is home to many EV automakers, including Tesla, the leading pure electric car manufacturer in the market today. “We just hit this month a very significant milestone, reaching 1 million electric vehicles sold in California,”…
Tesla Megapacks will power two new 50MW battery storage projects in the United Kingdom for Australian clean energy producer Tag Energy. The two Tag Energy projects Tesla will provide Megapacks for are the 49.5M/99MWh Chapel Farm battery project near Luton in England and the 49MW/98MWh Jamesfield Farm battery project near Abernethy in Scotland. The Australian energy provider…