Electric Mobility

car&bike Team

Jul 23, 2020, 6:02 PM

Tesla's Profit Sets Up S&P 500 Entry, While CEO Elon Musk Pushes For Growth

Tesla Inc on Wednesday posted a second-quarter profit as cost cuts and strong deliveries helped offset coronavirus-related factory shutdowns, sending its stock up 4.4% in after-hours trading and clearing a hurdle that could lead to the electric carmaker's inclusion in the S&P 500 index.

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  Seshan Vijayraghvan | Jul 23, 2020

  Tesla To Build Its New $1.1 Billion Gigafactory In Texas, USA

  Tesla's new $1.1 billion manufacturing facility will be built in Texas, near Austin and it will mainly manufacture the company's futuristic pick-up vehicle, Cybertruck, along with the Model 3 and Model Y.

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  Shubham Parashar | Jul 23, 2020

  Toyota Looking To Localise Hybrid And EV Technology In India

  Electrified cars can become more affordable if critical components like battery, electric and controller are manufactured locally, hence Toyota is looking forward to it.

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  Ameya Naik | Jul 23, 2020

  Nexa Contributes To 20-22 Per Cent Overall Sales Of Maruti Suzuki India

  The Nexa dealerships, in these 5 years, have sold 1.1 million units contributing to 20-22% sales to the overall number of Maruti Suzuki India.

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  Shubham Parashar | Jul 23, 2020

  Jeep Compass 4xe And Renegade 4xe Plug-In Hybrid Variants Unveiled In Europe

  The 1.4-litre, four-cylinder, petrol motor in the Jeep Compass 4xe and Renegade 4xe is coupled with a rear axle mounted electric motor that sources power form a 11.4 kWh battery pack.

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  Reuters | Jul 22, 2020

  Profit Or Not? Analysts Divided Ahead Of Tesla's Second-Quarter Results

  When Tesla Inc reports second-quarter results after the bell on Wednesday, investors will be keen to see whether the electric carmaker has delivered a profit during the global pandemic that has sunk most of its internal combustion rivals deep in red ink. Analysts' estimates for Tesla's second-quarter range from an adjusted loss as steep as $2.53 a share to a $1.41 per share profit. On average, they expect an adjusted 11 cents loss per share and a net loss of $240 million, according to Refinitiv data. More bullish investors have sent Tesla's shares soaring in recent weeks and made it the world's most valuable automaker.

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  Seshan Vijayraghvan | Jul 22, 2020

  Hitachi ABB Plans To Launch New EV Charging System In India Under Partnership With Ashok Leyland

  Hitachi ABB Power Grids, which recently unveiled its Grid-eMotion Fleet EV charging system for large scale public transports and commercial fleets, plan to bring to technology to India as part of its partnership with Ashok Leyland.

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  Sameer Contractor | Jul 22, 2020

  Ford Mustang Mach-E 1400 Prototype Is A Wild All-Electric Pony

  The Ford Mustang Mach-E 1400 prototype packs in 1400 horses (1,355 bhp) from its seven electric motors and can be tuned to go sideways or to set lap times. The one-off model brings the conversation back to performance with the first electric Mustang.

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  car&bike Team | Jul 21, 2020

  Tesla Share Rally Propels Some Early Fan Investors To Riches

  Convinced of Tesla Inc's imminent meteoric rise, Orestis Palampougioukis, a Netherlands-based software developer, took out a 43,000 euro ($49,000) loan in early October to invest it all in the electric carmaker, which at the time was trading at around $230 a share.

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