Elon Musk-Jeff Bezos; Jeff Bezos-Elon Musk: this is the duo that has dominated the ranking of the biggest fortunes in the world for two years now. The Tesla (TSLA) co-founder and Amazon (AMZN) founder are the two richest men in the world, according to Bloomberg Billionaires Index. Their dominance was further reinforced by the stock market rise of their respective …
Tesla is currently facing an “unprecedented demand,” according to a Wall Street analyst after a visit with management at Gigafactory Berlin. Despite the price for its electric vehicles going up significantly this year, there have been many indications that Tesla is experiencing strong demand. We reported on Tesla’s order rate surging to record highs in the …
Two weeks after announcing its O² roadster concept would see scaled production as the Polestar 6, the EV automaker has announced that all 500 slots of its “LA Concept” edition are all spoken for. Even though its scheduled launch remains four years away, the appetite for the Polestar 6 is strong. In addition to bringing a refreshing …
Multiple leaks claim Apple’s new iPhone 14 range is getting more expensive, and fans are braced for significant price increases on iPhone 14 Pro models. But what if they are wrong? In a wide-ranging new blog post, citing sources with final iPhone 14 and iPhone 14 Pro production devices, leaker yeux1122 claims “prices may be in a completely …
Tesla has been marketing an expensive option called Full Self-Driving. A reasonable person might infer from the name that the software package enables a car to drive itself, fully. It does not. No car available for consumers to buy is capable of full self-driving. The California Department of Motor Vehicles has rules on its books …
Toyota has announced that it is boosting its planned investment for a new electric vehicle battery plant in the United States. Previously, the Japanese automaker was looking to invest $1.29 billion. This number has now been raised to $3.8 billion. The automaker noted on Wednesday that its larger investment is partly a response to the …
Herbert Diess will officially resign from his post as Chairman of the Board of Management and CEO of the Volkswagen Group at the end of today. “Today’s my last day as CEO of Volkswagen and I would like to use the opportunity to say thank you again,” Diess said. “These were the most rewarding seven …
Tesla announced today that deliveries of the all-electric Model Y crossover, the company’s most popular vehicle, have started in Singapore. Tesla shared several photos of new owners in Singapore taking delivery of their Model Ys. Tesla opened order banks for the crossover in June, preparing for the Model Y’s imminent arrival in several countries in …
At an energy conference in Norway, Tesla Inc.’s TSLA CEO Elon Musk recently announced that the company is targeting the end of 2022 for its self-driving technology to be widely available in the United States and Europe markets. The exact timeline depends on regulatory approvals. Tesla’s existing Full Self-Driving package or FSD needs to be retrofitted …
Soaring commodity prices are hobbling electric-vehicle startups. At the rate things are going, the cost surge may well disrupt the auto industry’s disruptors. The cost of battery development has more than doubled since the coronavirus pandemic, research firm AlixPartners has calculated. That’s due to the supply-chain wreck caused by the pandemic and to the soaring …