Electric Cars
Reuters
Jul 9, 2020, 7:10 PM
Tesla Inc's blistering stock rally is putting Chief Executive Elon Musk in reach of a payday potentially worth $1.8 billion, his second jackpot from the electric car maker in about two months. Fueled by stronger-than-expected car deliveries, shares of Tesla have surged over 40 per cent in the past seven sessions, elevating the company's market capitalization to $259 billion. More important for Musk's personal finances, Tesla's six-month average market capitalization has reached a record $138 billion.
1 Min
Seshan Vijayraghvan | Jul 9, 2020Fisker Raises $50 Million Funding; Will Be Used For Development Of Ocean Electric SUVAmerican electric car manufacturer, Fisker Inc., has announced raising a new $50 million Series C funding from Moore Strategic Ventures, LLC, the private investment vehicle of popular hedge fund manager Louis M. Bacon.1 min read
car&bike Team | Jul 9, 2020Tesla 'Very Close' To Level 5 Autonomous Driving Technology, Says Elon MuskU.S. electric vehicle maker Tesla Inc is "very close" to achieving level 5 autonomous driving technology, Chief Executive Elon Musk said on Thursday, referring to the capability to navigate roads without any driver input.1 min read
car&bike Team | Jul 8, 2020SEAT Plans 5 Billion Euros In investments In 2020-2025; Urges Spain To Help With Electric ShiftVolkswagen's Spanish brand SEAT plans to invest 5 billion euros ($5.6 billion) from 2020-2025 and is committed to making electric cars in Spain with the right government support.1 min read
car&bike Team | Jul 8, 2020Tesla China Sold 14,954 Model 3 Vehicles In June, Sees 35% M-o-M GrowthU.S. electric vehicle maker Tesla Inc sold 14,954 Shanghai-made Model 3 vehicles in China in June, up 35% month-on-month, according to the China Passenger Car Association (CPCA).1 min read
Seshan Vijayraghvan | Jul 8, 2020Elon Musk Hints At The Possibility Of A New Tesla Gigafactory In Asia Outside ChinaCalifornia-based electric car manufacturer, Tesla Inc., might be considering opening a new Gigafactory in Asia, but this one will be outside China. Tesla CEO, Elon Musk recently hinted at the possibility of setting up a new facility while replying to a Twitter user, who asked if the company has plans to expand its Gigafactories in Asia, outside China.1 min read
car&bike Team | Jul 8, 2020Panasonic CEO Calls Tesla's Elon Musk A 'Genius' Who Can Be 'Overly Optimistic'Tesla's Chief Executive Officer Elon Musk is "a genius who defies common sense and can be overly optimistic," Panasonic's CEO said on Tuesday, as the Japanese firm cautiously moves to expand a battery partnership with the U.S. carmaker.1 min read
Ameya Naik | Jul 8, 2020Audi Q4 Sportback e-Tron Concept UnveiledThe Q4 Sportback e-tron has been unveiled and the company has announced that it will go into production in 2021 as a Coupe SUV.1 min read
Seshan Vijayraghvan | Jul 7, 2020Tata Tigor EV Facelift Spotted Testing Sans CamouflageImages of a near-production test mule of the upcoming Tata Tigor EV facelift have recently surfaced online. The car has been in the making for a while now, and we have already seen spy photos of camouflaged prototypes undergoing testing, however, this is the first time that we are seeing the electric sedan in its undisguised avatar.1 min read
