By Maria Merano Posted on November 28, 2021 Tesla Giga Berlin could start Model Y production by the end of December, according to German media outlet Automobilwoche. Brandenburg’s Office of the Environment could also grant Tesla’s long-awaited full approval for Giga Berlin in a few days, the report stated. Brandenburg’s Office of the Environment finished online
Elon Musk stayed true to his word and told Tesla employees not to worry as much about delivering as many cars as possible during this end-of-quarter delivery wave and instead focus on cost. It’s a significant change to what has been Tesla’s strategy for years. Tesla has been known to have intense end-of-quarter, and this
Oil crashed more than 10% in both London and New York as a new coronavirus strain sparked fears that renewed lockdowns will threaten the global recovery in demand. Both benchmarks tumbled on Friday with the emergence of the new variant representing the biggest threat to the recovery in oil consumption in several months, with a
By Simon Alvarez Posted on November 27, 2021 Tesla paid its $465 million loan from the US Department of Energy nine years early, and by doing so, the company had to pay an “early repayment penalty.” This was mentioned recently by CEO Elon Musk in a comment on Twitter. Musk’s remark came as a response
Oil prices suffered one of the largest ever one-day plunges, crashing more than 11% on Black Friday as a new coronavirus strain sparked fears that renewed lockdowns will hurt global demand. The crash, the 7th largest ever for Brent crude, the global oil benchmark, may prompt the OPEC+ cartel to re-consider its policy when it
An oil well pump jack operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021. David Paul Morris | Bloomberg | Getty Images The Biden administration on Friday proposed reforms to the country’s oil and gas leasing program that would raise costs for energy companies to drill on public lands and
By Joey Klender Posted on November 26, 2021 A Tesla Model S Plaid ran a sub-9-second 1/4-mile for the first time at Maryland International Raceway in the United States. The Model S Plaid is Tesla’s crown jewel of performance. It is the fastest vehicle currently offered in Tesla’s lineup of vehicles and is currently the
Segway’s lineup of popular Ninebot electric vehicles are getting in on the Black Friday savings and the new F40 Scooter leads the way. On sale for the very first time, you can now save $80 on the new release. You’ll also find discounts on electric lawn mowers and much more below, as well. We also
Working oil pumps against a sunset sky. Imaginima | E+ | Getty Images Oil prices tumbled to the lowest level in more than two months Friday as the new Covid-19 strain sparked fears about a demand slowdown just as supply increases. The leg lower came amid a broad sell-off in the market with Dow futures
Parkland Corporation (TSX:PKI) announced earlier this week that it has initiated steps to pause refinery processing operations at the Burnaby Refinery. The company, which revealed that it will maintain the refinery in “ready-mode”, outlined that the decision was made in response to the “ongoing crisis” in British Columbia that resulted in the shutdown of the
Electricity transmission pylons beside the gas-fired power plant, operated by Uniper SE, in Irsching, Germany, on Wednesday, July 7, 2021. Michaela Handrek-Rehle | Bloomberg | Getty Images LONDON — The Energy Charter Treaty is not widely known, yet it’s feared the influence of this international agreement could be enough by itself to derail hopes of
Petroleum pump jacks are pictured in the Kern River oil field in Bakersfield, California. Jonathan Alcorn | Reuters The head of the world’s leading energy authority has said that some countries had failed to adopt a helpful position to calm soaring oil and gas prices, criticizing “artificial tightness” in energy markets. “[A] factor I would
By Simon Alvarez Posted on November 25, 2021 Earlier this month, renewed discussions about the objections critics have concerning Tesla’s Gigafactory Berlin were completed. The discussions, which covered about 800 objections, were already a repeat of online meetings held back in October. Environmental groups against the electric vehicle production plant accused Brandenburg’s Office of the
In this article ENEL-IT The CEO of multinational Italian energy firm Enel has expressed doubt on the usefulness of carbon capture and storage, suggesting the technology is not a climate solution. “We have tried and tried — and when I say ‘we’, I mean the electricity industry,” Francesco Starace told CNBC’s Karen Tso on Wednesday. “You can imagine,
Serica Energy plc (AIM: SQZ) has announced that first production has been achieved from its Columbus field, which is located in the Central North Sea. Hydrocarbons from the C1z development well started flowing on November 24 and co-mingled Arran and Columbus production streams are now being exported to the Shearwater platform for processing, Serica highlighted.
Oil prices could climb higher despite the U.S. and other major consumers releasing millions of barrels of oil from their reserves to try to keep energy prices down, one analyst told CNBC. “It’s not going to work simply because the strategic petroleum reserve — any country’s strategic petroleum reserve is not there to try to
Oil wells pumping outside of Midland Texas. Joe Sohm | Visions of America | Universal Images Group | Getty Images The Biden administration’s decision to release oil from U.S. reserves is a “mistake,” former U.S. Energy Secretary Dan Brouillette told on Wednesday. “I do think it’s a bad policy choice. There’s no question about that,”
By Joey Klender Posted on November 24, 2021 Tesla is offering free Supercharging rates during off-peak hours during the Thanksgiving holiday to avoid congestion at its stations. Thanksgiving is commonly known as the holiday that provides the most traffic on American roadways due to excessive traveling. As a result, gas stations, EV charging stations, and
Tesla has started to send an ultimatum to buyers who keep delaying their deliveries as part of a new policy change in the evolving market. Sources familiar with the matter told Electrek that Tesla has decided to send an ultimatum to buyers who have been delaying their deliveries for long periods of time. Tesla is
In this article ENI-IT EQNR-NO RDSA-GB mcKensa | iStock | Getty Images Shell said Wednesday it had signed a deal to purchase power from a development dubbed “the world’s largest offshore wind farm.” The 15-year power purchase agreement relates to 240 megawatts from Dogger Bank C, the third and final phase of the 3.6 gigawatt
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