Electric Mobility

car&bike Team

Dec 26, 2022, 6:29 PM

Musk Says Wise To Avoid Margin Loans During Macroeconomic Risks

Tesla Chief Executive Elon Musk said it was "generally wise" to avoid using margin loans on any company when there are macroeconomic risks involved, in response to a question on Twitter about the electric-vehicle maker's stock performance.

1 Min

• 
  Reuters | Dec 26, 2022

  Tesla Falls On Growing Angst Over Musk's Focus On Twitter

  Analysts say investors are worried that Musk may need to sell shares further to fund Twitter and sentiment around the acquisition of the social media firm could hurt the EV maker's brand.

  1 min read
• 
  Reuters | Dec 26, 2022

  Israeli Startup Makes Inroads With Personal Flying Vehicle

  The test-phase voyage may not look out of the ordinary at first given the huge progress made in drone technology. Another propellered aircraft rising vertically off the ground and then thrusting forward high in the sky.

  1 min read
• 
  Reuters | Dec 25, 2022

  TuSimple Plans To Layoff Half Its Workforce Next Week - Report

  Self driving trucking company TuSimple Holdings Inc plans to potentially cut half of its workforce next week.

  1 min read
• 
  Reuters | Dec 25, 2022

  Mahindra To Invest $1.2 Billion (Rs. 10,000 Crore) In New EV Plant

  Mahindra Ltd said it would invest 100 billion rupees ($1.21 billion) to set up an electric vehicle (EV) manufacturing plant near the western city of Pune.

  1 min read
• 
  Reuters | Dec 25, 2022

  China's CATL To Provide EV Batteries For Honda Starting In 2024

  CATL would supply batteries for seven years for Honda's electric vehicles in China.

  1 min read
• 
  Reuters | Dec 25, 2022

  Swedish Self-Driving Truck Start-Up Einride Raises More Cash

  Einride had agreed to raise capital of $500 million from debt, equity and the conversion of earlier loans, speeding up the company's ability to pursue new markets and customers.

  1 min read
• 
  Reuters | Dec 25, 2022

  U.S. Senator Manchin Says Treasury Should Limit Commercial EV Tax Credit Use

  The $430 billion U.S. Inflation Reduction Act (IRA) passed in August ended $7,500 consumer tax credits for electric vehicles assembled outside North America, angering South Korea, the European Union, Japan and others.

  2 mins read
• 
  Reuters | Dec 25, 2022

  India Probes Possible Misappropriation Of Incentives By EV Makers

  India is investigating the possible misappropriation of incentives given to EV makers under a Rs. 10,000 crore programme to promote their faster adoption.

  1 min read