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Tesla’s mission to overturn Louisiana’s ban on direct car sales suffered a setback when a federal court dismissed the electric car maker’s complaint, reports Reuters. Tesla had taken legal action against Louisiana’s rule that prevented it from selling its vehicles directly to customers, claiming the policy to be protectionist and anti-competitive. The court’s decision comes…
Electric Vehicle (EV) startups such as Nikola and Lordstown Motors are racing ahead, leaving a blazing trail on the stock market. Without an obvious reason or catalyst, these startups, often struggling with cash, are recording considerable weekly gains. Many attribute this to a potential squeeze in the high-profile, shorted stocks. Nikola, which has seen its…
In a bold move to cement its position in the electric vehicle industry, China’s Xpeng Inc broadened its self-driving capabilities to Beijing on Thursday. This step marks another milestone in the wider deployment of its City Navigation Guided Pilot (City NGP) across mainland China. City NGP, now functional in Guangzhou, Shenzhen, Shanghai, and Beijing, is…
In a move to boost its retail presence, Rivian has launched ‘Spaces’, a series of unique retail and experiential locations in the US and Canada. The Spaces, as they are called, are places where customers can have hands-on interactions with Rivian’s electric vehicles and can purchase Rivian merchandise. The first Space will open its doors…
Elon Musk’s electric vehicle charging technology is reshaping the landscape, potentially threatening one of President Biden’s key climate policies. Surprise agreements from automotive giants Ford and General Motors to adopt Tesla’s charging standard have tipped the scales towards a new status quo in the US electric vehicle market. Just a few months ago, the Biden…
In a bid to shift Model 3 inventory ahead of the quarter’s end, Tesla is offering customers three months of free Supercharging. According to the company’s website, to snag the deal, buyers must take delivery of the Model 3 sedan by June 30 in the US and Canada. This attractive proposition by Tesla is not…
Investors of electric vehicle manufacturers, Rivian Automotive and Lucid Group, are grappling with another hiccup. However, this time, it might not be a significant worry. Rivian, also recognized as RIVN on the stock market, is on its way out of the Nasdaq 100, a key index comprising top non-financial firms listed on the Nasdaq exchange.…
Despite cutting back on hiring and Saturday shifts, Tesla’s German plant is still set to hit its production targets, the company confirmed last Thursday. This follows a report from Business Insider stating Tesla had paused its aim to produce 6,000 cars a week, an increase from the 5,000 cars per week it achieved in March.…
One email. Six stories. Filed each morning before the world is. Read by Tesla owners, Rivian preorder holders, dealer GMs, and the analysts that move EV stocks.
