Electric Cars News
Tesla's 'Battery Day' Drives Reality Check For Recent Share Surge
Tesla Inc faced a stock market reality check on Wednesday after a much hyped "Battery Day" event which Wall Street analysts judged chiefly for its omissions and hazy delivery deadlines. Investors had expected two big announcements from Chief Executive Officer Elon Musk: the development of a "million mile" battery good for 10 years or more, and a specific cost reduction target - expressed in dollars per kilowatt-hour - that would finally drop the price of an electric vehicle below that of a gasoline car.
Tesla's Value Drops $50 Billion As Musk's Promised Cheaper Battery Three Years Away
Sep 23, 2020 06:21 PM
Investors slashed $50 billion from Tesla Inc's market value on Tuesday despite CEO Elon Musk's promise to cut electric vehicle costs so radically that a $25,000 car that drives itself will be possible, but not for at least three years.
Tesla Warns On Challenges Of Scaling Up Production
Sep 23, 2020 05:04 PM
Tesla Chief Executive Elon Musk warned on Tuesday about the difficulties of speeding up production as an expert cautioned the carmaker's increased reliance on large-scale aluminium parts could bring new manufacturing challenges.
Elon Musk Expected To Use Tesla 'Battery Day' To Argue For The End Of Combustion Engines
Sep 22, 2020 11:12 PM
Tesla Inc CEO Elon Musk on Tuesday is scheduled to showcase the company's advanced battery technology, with investors expecting he will outline how the company's electric vehicles will surpass the cost and convenience of internal combustion engines.
Range Rover EV And Jaguar XJ Electric Delayed Owing To The Pandemic
Sep 22, 2020 02:33 PM
Jaguar Land Rover will unveil both electric vehicles in October 2021 now and you'll be surprised to know that the delay wasn't due to the shutdown of operations.
Tesla Plans To Offer Its Dojo Supercomputer As A Service For AI Training
Sep 21, 2020 11:07 PM
Musk's vision for a vertically integrated Tesla pushed him towards developing its own chipset architecture.
Government Working To Reduce GST Rates On Electric Vehicles: Niti Aayog
Sep 21, 2020 10:53 PM
Amitabh Kant, CEO- Niti Aayog said that the government has been trying bringing down the tax rates on electric vehicles (EVs) to 5 per cent and compared to 28 per cent at other vehicles.
Tata Nexon EV Subscription Offer Announced With Monthly Rental Starting From Rs. 34,900
Sep 21, 2020 10:54 PM
The subscription program for the Nexon EV is being offered in five cities - Delhi/NCR, Mumbai, Pune, Hyderabad and Bengaluru. Interested customers can subscribe to this service with all-inclusive fixed rental starting at only Rs. 34,900 per month.
Cobalt Demand For 5G Technology To Challenge Electric Vehicles
Sep 21, 2020 10:12 PM
The need for larger rechargeable batteries and more energy storage for 5G technology is expected to significantly boost demand for cobalt over coming years and potentially pit the sector against electric vehicle makers.
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