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...On Tuesday, Apple announced to its staff it would abandon a years-long effort to develop an electric vehicle that could compete with the likes of Tesla, instead switching its research funding towards building...
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Activist organisation claims responsibility for ‘sabotage’ that set fire to nearby electricity pylon
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...Attorneys for shareholders who defeated Elon Musk’s $56bn Tesla pay package have asked a Delaware state court to award them shares in the electric vehicle maker worth nearly $6bn as payment....
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...The factory, which opened in March 2022, employs 12,500 people and produces 6,000 electric vehicles a week. But Tesla has ambitious plans to expand capacity from 500,000 cars a year to 1mn....
...The US electric-vehicle maker most recently offered incentives worth as much as Rmb34,600 ($4,800) to lure Chinese consumers to purchase Model 3 sedans and Model Y sport utility vehicles....
...“Many incumbent OEMs rushed into electric vehicles without appreciating the far-reaching technological and design difference between combustion and electric vehicles,” he said....
...Bird Global, the company that pioneered on-street electric scooter rentals, has filed for Chapter 11 bankruptcy protection in Florida, five years after becoming the fastest start-up ever to reach a so-called...
...Not for nothing have Microsoft, Amazon, Meta, Apple and Alphabet — along with chip company Nvidia and electric-car maker Tesla — been dubbed the “Magnificent Seven” for their outsized contribution to stock...
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...But “the reality is that no full-size truck, electric or gas, transacts anywhere near the $40K mark on average.”...
...Chinese companies across the electric vehicle supply chain said lower costs and technological leadership would help them secure western deals despite geopolitical tensions and security concerns....
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