Tesla (NASDAQ: TSLA) has exploded on Wall Street since last week’s election, which saw the United States choose Elon Musk ally, Donald Trump, as its next President. But that is not the only reason the company’s stock is a “must-own,” according to JPMorgan Industrials Sector Specialist Paige Hanson, who wrote Read more
Rivian has confirmed that the expansion of its Normal, Illinois factory, which will make way for the new R2 platform to be produced, has officially started. Crews on sight of the expansion have officially broken ground, Chief Operations Officer for Rivian, Javier Varela, said. In a post on LinkedIn, Varela Read more
Tesla has been crushing some of its Powerwall production and deployment targets in recent months, and the company has just announced doubling a recent record at its Gigafactory Nevada. On Tuesday, Tesla’s Energy account on X announced that Giga Nevada produced 1,000 Powerwall units in a single day, surpassing a Read more
Tesla has added a new service feature with its latest software update, offering a concise, easy-to-access record of past repairs and maintenance. Over the last few weeks, Tesla has started preparing to deploy its software update 2024.38.4, including a new Service History feature that lets technicians easily view past maintenance Read more
Waymo, the self-driving arm of Google parent company Alphabet, has officially opened its driverless ride-hailing to the public in Los Angeles, after the company expanded to the Southern California city earlier this year. On Tuesday, Waymo announced in a press release that its Waymo One self-driving taxi service is now Read more
SpaceX sent 24 more Starlink high-speed internet satellites into orbit on Monday, launching a Falcon 9 rocket from Space Launch Complex 40 (SLC-40) in Florida. The launch occurred at 4:23 p.m. ET on Monday, with a Falcon 9 with tail number B1080 taking off from Cape Canaveral. It was the Read more
Vietnamese electric vehicle (EV) maker VinFast has announced a new funding commitment from its parent company, Vingroup, as it aims to make its EVs profitable in the coming years. VinFast has said it will gain an additional round of funding from Vingroup by 2026, valued at 85 trillion dong (~$3.35 Read more
Tesla battery supplier Contemporary Amperex Technology Co. Limited (CATL) is open to building a factory in the United States if President-elect Donald Trump approves of Chinese investments. CATL’s founder and chairman, Robin Zeng, recently said that his company has always wanted to invest in the United States. “Originally, when we Read more
President-elect Donald Trump has announced Tesla and SpaceX CEO Elon Musk’s official role in the White House. Trump made the announcement on X, the social media platform Musk bought over two years ago. President-elect Trump said: “I am pleased to announce that the Great Elon Musk, working in conjunction with Read more
BYD will be facing Tesla in a new market: South Korea. The Chinese automaker recently announced it would enter South Korea’s passenger car market next year. On Wednesday, November 13, BYD’s Korean sales subsidiary—BYD Korea—announced it “completed review to release passenger car brands in the domestic market.” BYD entered the Read more