Tesla is set to raise additional funding by selling debt backed by automotive leases, and a report says that the debt sale could price as soon as next week. On Thursday, Bloomberg reported that Tesla is already pre-marketing a $783 million debt sale backed by leases from prime borrowers, citing Read more
Electric vehicle (EV) maker Rivian adjusted its production guidance for 2024 this week, along with hinting at problems with the supply of one crucial component. Rivian has reduced its annual production guidance to a range of 47,000 to 49,000 vehicles, down from an initial target of 57,000, as detailed in Read more
Rivian has reported its delivery and production numbers for the third quarter of the year, along with detailing production issues related to a parts shortage. On Friday, Rivian announced in a press release that it delivered 10,018 vehicles in Q3, along with producing 13,157 units at its Illinois production facility. Read more
Elon Musk spoke at a Pennsylvania rally for former President and Republican presidential candidate Donald Trump in Pennsylvania over the weekend, calling the election a “must-win” for Trump, and noting that people needed to vote to preserve the Constitution and democracy as a whole. It was reported earlier this week Read more
A Tesla Model S Plaid and a reengineered Model 3 Performance from EV tuning house Unplugged Performance participated in the Gridlife Laguna Festival at the Weathertech Raceway Laguna Seca. The twin Teslas ended the event with a rare double podium finish. The Gridlife Laguna Festival did not have a lot Read more
Lease deals get all the hype, but some people still want to own the car they’ve made all those payments on. If that’s you, and you’ve been waiting for interest rates to drop, you’re in luck: there’s a bunch of great plugin cars you can buy with 0% financing this Read more
Chinese electric vehicle giant BYD has delivered 100 of its 12 meter K9UD electric transit buses to Uruguay’s largest electric public transport operator, Cutcsa. more…
The new Model 3 Performance delivers way more real-world range than its predecessor, Edmunds says.
With an operating weight scratching at 50,000 lbs., the recently revealed HEVI H65L is the largest battery electric wheel loader available in the North American market today. more…
“There is a decision being made now as to whether to stop making pure ICE for the U.S. market,” the company’s chief scientist said.