Tesla has finally set a date for the first deliveries of the Cybertruck. CEO Elon Musk posted on social media Wednesday that the Cybertruck delivery event, which traditionally means a few select customers get to take possession of their vehicles, will be held November 30 at company’s Austin gigafactory. The news of the delivery event…
By the megawatt, solar installations are outpacing other energy sources in the U.S. this year — but you wouldn’t know it judging from Tesla’s latest reports. Once among the top three residential installers in the nation, Tesla’s solar business is in decline. In the third quarter, the automaker’s solar deployments slipped 48% from the same…
By the megawatt, solar installations are outpacing other energy sources in the U.S. this year — but you wouldn’t know it judging from Tesla’s latest reports. Once among the top three residential installers in the nation, Tesla’s solar business is in decline. In the third quarter, the automaker’s solar deployments slipped 48% from the same…
Tesla’s decision to repeatedly slash EV prices put pressure on margins, causing profits to fall 44% to $1.85 billion in the third quarter from the same year-ago period, the company reported Wednesday. Tesla reported revenue of $23.35 billion in the third quarter, which gained 9% year-over-year thanks to higher vehicle deliveries and growth in other…
Nvidia and Foxconn are working together to build so-called “AI factories,” a new class of data centers that promise to provide supercomputing powers to accelerate the development of self-driving cars, autonomous machines and industrial robots. Nvidia founder and CEO Jensen Huang and Foxconn chairman and CEO Young Liu announced the collaboration at Hon Hai Tech…
Tesla has already cornered the electric vehicle market in the U.S. Now, it’s calling for stricter regulations that will give it even more of an edge. The Elon Musk-owned automaker is urging the Biden administration to adopt tougher fuel economy standards than regulators have proposed, a move that is likely to irritate legacy automakers like…
Amazon’s 10,000 Rivian all-electric vans are delivering packages across the United States, the company revealed on Tuesday evening at its Delivering the Future conference. Amazon, which has a stake Rivian, signed a deal in 2019 with the automaker to have at least 100,000 delivery vans powered by electricity on the road before 2030. The order…
Stellantis announced on Tuesday that it would cancel its planned presentations at CES 2024 – the annual Las Vegas tech trade show. The reason? The reason? Stellantis’ leadership stated that “protecting the future of the business is a top priority in light of the current state of negotiations in the United States.” CES has evolved…
General Motors is pushing its $4 billion plan to convert its Orion Assembly plant into an EV truck factory to late 2025, a year later than scheduled. GM’s reasoning behind the delay — which will mean Orion will sit idle for two years — is “to better manage capital investment while aligning with evolving EV…
Nirvana Insurance — an insurance startup taking a new approach to insurance products for commercial fleets using artificial intelligence, telematics, internet-of-things technology and 15 billion miles of trucking data to calculate risk models — is taking on something else: new funding. The startup has raised an all-equity Series B of $57 million, money that it…