Tesla

By Maria Merano Posted on June 28, 2022 Tesla’s mass layoffs reached the Autopilot team in San Mateo. Autopilot workers have started posting the news on LinkedIn.  People familiar with the matter told Bloomberg that Tesla laid off about 200 Autopilot workers from its San Mateo office. San Mateo had around 350 employees before the recent layoffs.

By Maria Merano Posted on June 27, 2022 The Rivian Adventure Network (RAN) launched its first fast chargers in Colorado and the company plans to open sites in California next.  The EV automaker plans to open three fast charging sites this week. Customers are just starting to share their experiences with the first Rivian Adventure Network site

By Maria Merano Posted on June 26, 2022 Stellantis made a €50 million (about $52 million) equity investment in Vulcan recently to increase lithium production for EV manufacturing.  Vulcan plans to use the investment for expansion drilling in its Upper Rhine Valley Brine Field (URVBF), where it aims to produce lithium hydroxide. Vulcan’s URVBF already

By William Johnson Posted on June 25, 2022 The “Bay to Birdwood Run” has announced that starting this year, electric conversion vehicles will be allowed to participate in the rally. In an interview with the Australian Broadcast Center (ABC), event organizer Michael Neal stated that he wanted the first post-pandemic rally to be the biggest

By William Johnson Posted on June 24, 2022 Sources familiar with Cadillac’s Celestiq say that the new hyper-luxury vehicle will be selling for $300,000 and up. This comes shortly after Cadillac released more teaser images of the vehicle’s interior. According to the Wall Street Journal, a source familiar with the Cadillac Celestiq project has stated

By Maria Merano Posted on June 23, 2022 Tesla Enhanced Autopilot is available in the United States and China. In the United States, Enhanced Autopilot costs $6,000. Meanwhile, in China, Enhanced Autopilot costs RMB ¥32,000 ($4,779). The features included in Enhanced Autopilot are Navigate on Autopilot, Auto Lane Change, Autopark, Summon, and Smart Summon.  Earlier

By Joey Klender Posted on June 23, 2022 General Motors’ Cruise self-driving unit has started charging customers for driverless rides around San Francisco, the company announced today. Cruise started charging for rides on Thursday after receiving the first-ever permit that allowed the company to charge fares to riders in a driverless vehicle. Cruise received the

By Joey Klender Posted on June 22, 2022 Elon Musk confirmed in a recent interview that Tesla has finalized the design of the Cybertruck and it is locked ahead of production, which is slated for 2023. Musk sat down with members of Tesla Owners Silicon Valley, as well as Eli Burton and Ryan Levenson of the Kilowatts

By Joey Klender Posted on June 21, 2022 Tesla (NASDAQ: TSLA) stock spiked nearly 12 percent on Tuesday during trading hours as CEO Elon Musk commented on the automaker’s substantial demand and growing order log for its products. Tesla was not the only EV stock to bounce back from a troublesome few months due to

By Joey Klender Posted on June 20, 2022 When dealing with the unfortunate reality that is a road rage situation, plenty of options are available to keep you safe. Locking your doors or attempting to de-escalate the situation before anything major starts are two logical solutions, but a new one might be to buy a

By Joey Klender Posted on June 18, 2022 Tesla is continuing to tease everyone excited about its upcoming Class-8 heavy-duty electric truck, the Semi. The truck has now made its third appearance this week, and despite CEO Elon Musk’s plead for patience regarding the company’s product roadmap, the Semi is making more appearances more often,

By William Johnson Posted on June 18, 2022 Sony and Honda have announced a 10 billion yen ($74,083,950) joint venture in the creation of a new electric vehicle company known as Sony Honda Mobility Inc. The new, Tokyo-based auto manufacturer will take advantage of Sony’s experience in imaging, computer sensing, telecommunications, and “network and entertainment”

By Joey Klender Posted on June 17, 2022 General Motors said earlier today it would increase the price of its Hummer EV, manufactured under the GMC brand, by $6,250. Price hikes are effective starting this Saturday. GM said the increase in price was due to higher prices for parts, technology demands, and logistics as the

By Maria Merano Posted on June 16, 2022 Elon Musk shared his goal to reach 1 billion Twitter users during an all hands virtual meeting with workers on Thursday, June 16.  According to Yahoo Finance tech editor Dan Howley, Twitter currently has 229 million daily active users, which the social media platform calls daily monetizable active users.

By Maria Merano Posted on June 15, 2022 Elon Musk filed a Form 4 with the Securities Exchange Commission, converting his options at Endeavor Group Holdings, Inc. to 7,583 shares on June 13, 2022.  Endeavor Group Holdings, Inc. offers entertainment content through its subsidiaries. It specializes in marketing and licensing, representations, and event management. Elon

By Maria Merano Posted on June 14, 2022 The Maryland Insurance Administration told Teslarati that the Balboa Insurance Company changed its name to Tesla Insurance earlier this year, hinting at the service’s arrival in Maryland. Documents from the Maryland Insurance Administration reveal that the primary address for Tesla Insurance in the MD is Fremont, CA 94538, and

By Maria Merano Posted on June 13, 2022 Tesla’s longtime battery supplier LG Energy Solutions (LGES) announced that it would invest 730 billion won ($567.76 million) to expand its battery production capacity in South Korea. The expansion includes a new assembly line that would produce 4680 cylindrical battery cells.  LGES plans to invest 580 billion

By Maria Merano Posted on June 12, 2022 Indonesia continues to woo Tesla with a proposal for an EV factory with an annual production capacity of 500,000 cars. Last Thursday, Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan said the government suggested that Tesla build a plant near Batang Regency in Central Java province, where

By William Johnson Posted on June 11, 2022 Larry Ellison will not return to the Tesla board, the automaker said in a 14A filing with the SEC yesterday. In the filing, which was released on June 10, Tesla announced that Larry Ellison, a board member and close friend of CEO Elon Musk’s, would be stepping

By Joey Klender Posted on June 10, 2022 Tesla (NASDAQ: TSLA) has announced that its Board of Directors has approved a 3:1 split for the company’s common stock in the form of a dividend. The move will make the ownership of TSLA stock more available for both employees and investors alike. On Friday, Tesla submitted