The tech company has unveiled three sleek battery-powered prototypes: a luxury sedan, a crossover SUV, and an electric bus. However, according to the press release, it appears that Foxconn does not plan to sell EVs itself. The vehicles will instead be released under the “Foxtron” brand in collaboration with other car manufacturers, such as Taiwan’s Yulon […]
BHP and KoBold Metals will work together in their search for nickel, lithium, cobalt, and copper in Australia. The companies’ 3-year partnership could help to source nickel used in Tesla’s vehicles, with BHP signing a deal with the electric vehicle manufacturer back in July. KoBold Metals, a mineral exploration company based in Silicon Valley, uses […]
Three of Ark Invest’s funds, including its flagship Ark Innovation ETF, sold 142,708 shares of Tesla on Wednesday, according to the firm’s daily transaction reports. The shares represent a stake worth approximately $108 million. These latest transactions come just days after Wood praised the electric vehicle company’s success. In an interview with Yahoo Finance, Wood […]
In the three months to the end of June, Tesla saw sales rise to $12 billion, a figure which has doubled from a year ago when its US factory was shut down. Over the same time period, the electric car manufacturer has said it delivered a record 200,000 vehicles to customers, adding that public support […]
Ahead of Jeep’s push into electric vehicles, the car giant is updating one of its smallest SUVs with a redesigned interior and new technologies. New features will include blind-spot monitoring and active emergency braking as standard safety technologies. Additionally, optional 10-inch interior screens will feature, as well as a driver-assist highway system. The new model […]
On Monday, the Society of Motor Manufacturers and Traders (SMMT) revealed that 5,468 of the Tesla Model 3 were sold in June, catapulting it to the top of Britain's best-selling list for June. Its closest rival was the Volkswagen Golf, which it outsold by over 800 vehicles. Across Britain last month, 186,128 new cars were […]
German automobile giant Audi has announced it will end the development of new internal combustion engine models by 2026, and will instead focus on full-electric drivetrains. Audi’s CEO, Markus Duesmann, made the announcement at a management meeting at the company’s Ingolstadt headquarters on Thursday. The transition will be gradual, with new diesel, gasoline, and hybrid […]
Just understanding the cause of Tesla’s success through the lens of ‘a car company’ will only provide a partial picture. Tesla may look a lot like a carmaker in the traditional sense of the word. The company manufactures personal vehicles that are high performing and sleekly designed and that surpass industry safety standards. They also […]
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