Elon Musk confirmed during the conference on the new quarterly figures that Tesla’s focus is now on the development of a new platform for smaller electric cars. The goal with Tesla’s third platform, following those for the Model S/X and Model 3/Y, is to halve costs. “The next-generation vehicle will cost about half of the […] More…
General Motors Is Mulling The Creation Of A Smaller GMC Hummer EV
It could be the size of a Ford Ranger or GMC Canyon. More…
BMW to source round cells from AESC in the USA
BMW is pumping 1.7 billion US dollars into the production of electric cars in the USA. The investment is to flow into the conversion of the plant in Spartanburg and the construction of a battery assembly centre. The cell supplier will be Envision AESC, who is building a cell factory in South Carolina specifically for […] More…
Rolls-Royce Spectre EV signals excess but isn’t a guzzler
The Rolls-Royce Spectre is the automaker’s first electric car to see production, and it proves even gilded luxury cars don’t have to be inefficient. Because despite living up to Rolls’ tradition of excess—and that it’s a two-door car with a 214-plus-inch length—efficiency is actually pretty good, at 2.9 mi/kwh on the European WLTP… More…
Tesla Could Be Worth More Than Apple, Saudi Aramco Combined: Musk
This means Tesla would have to jump from a current valuation of $695 billion to $4.4 trillion. More…
Stockholm legislates for more sustainable city transport
Stockholm has a new city government that has now outlined its plans for the future of transport in the Swedish capital. By 2030, all traffic in the city centre of Stockholm is to be emission-free, and car traffic is to be reduced by 30 per cent compared to 2017. Parts of Stockholm’s city centre are […] More…
Mullen takes over Electric Last Mile Solutions
After acquiring a majority stake in Bollinger Motors, the US electric car start-up Mullen has now also completed the takeover of the electric utility vehicle provider Electric Last Mile Solutions (ELMS). The takeover was not favourable, however, but should significantly accelerate production plans. ELMS had filed for insolvency in June. In September it became known […] More…
Tesla is working on next-gen electric car platform for half the price
Elon Musk announced that Tesla’s engineering team had turned its focus on a next-generation electric car platform that will be half the price of the Model 3/Y platform. More…
Tesla’s Next Platform To Be Smaller, Half The Cost Of Model 3/Y
Elon Musk says the next-generation vehicle “will exceed the production of all other vehicles combined.” More…
Ammonia heralds smell of success
Amogy in the US has demonstrated its ammonia-powered technology in a heavy-duty electric vehicle for the first time (writes Nick Flaherty). The 100 kW tractor marks a 20-fold increase in the performance of the technology over the past year. It uses ammonia (NH3) with a fuel cell rather than hydrogen to provide access to a […] More…
Quick Charge Podcast: October 19, 2022
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. More…
Third quarter of 2022 shows Tesla struggling to balance turnover and profit
Tesla has ironed out the dip in sales and profits from the previous quarter and generated a new record turnover of $21.45 billion in the third quarter. However, the profit is balanced by the discrepancy between vehicles produced and delivered. In terms of straight business numbers, Q3 2022 provided a profit of 3.29 billion dollars. […] More…
Third quarter of 2022 shows Tesla balancing turnover and profit
Tesla has ironed out the dip in sales and profits from the previous quarter and generated a new record turnover of $21.45 billion in the third quarter. However, the profit is balanced by the discrepancy between vehicles produced and delivered. In terms of straight business numbers, Q3 2022 provided a profit of 3.29 billion dollars. […] More…
Elon Musk says Tesla (TSLA) could soon be worth more than Apple (AAPL)
Elon Musk says Tesla (TSLA) could soon be worth more than Apple (AAPL), and the company is putting its money behind this position with a $5 to $10 billion share buyback. More…
Elon Musk says Tesla (TSLA) could soon be worth more than Apple (APPL)
Elon Musk says Tesla (TSLA) could soon be worth more than Apple (APPL), and the company is putting its money behind this position with a $5 to $10 billion share buyback. More…
Komatsu’s first electric mid-size hydraulic excavator packs a Proterra battery
US battery maker Proterra and multinational Komatsu partnered in January 2021 to develop electric mid-sized hydraulic excavators, and today they announced that Komatsu’s first 20-ton class lithium-ion battery electric machine is ready for debut. More…
Stellantis executive: ‘The people have decided: we will be purely electric’
In a new interview, Stellantis European Head, Uwe Hochschurtz, claimed, “The people have decided: we will be purely electric,” backtracking statements made by the company’s CEO, Carlos Tavares.. More…
Tesla (TSLA) delivers massive number of batteries, breaking record
Tesla (TSLA) announced that its energy storage division delivered a record number of batteries in Q3 2022.. More…
Tesla (TSLA) delivers massive record of battery energy storage
Tesla (TSLA) announced that its energy storage division delivered a new record number of batteries in Q3 2022.. More…
Tesla Q3 2022 Earnings Report: Profitable Again
Another positive quarter for Tesla is in the books. More…
