News travels by strange paths these days. The world first learned of a tentative deal for electric truck maker Workhorse to buy GM’s idled Lordstown, Ohio plant via a self-congratulatory tweet by the President of the US. If the deal goes through, it could be a win-win-win-win: Workhorse might receive a windfall like the one… Read more »
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Tesla closes on $2.7 billion in new debt and stock offerings
Tesla has a plethora of projects in the pipeline – the Tesla Semi, Model Y, the Tesla Pickup – and making these real will require vast sums of cash – as much as $2.5 billion in capital expenditures this year, according to Bloomberg. So it wasn’t much of a surprise when the company announced last… Read more »
Nissan’s $3,500 LEAF rebate gets local utilities involved in increasing EV awareness
If you pay an electric bill (and who doesn’t?), keep your eyes open for a message from your local utility announcing that you can take advantage of a $3,500 rebate on a Nissan LEAF. Nissan has been partnering with various utilities around the US to offer customers a special rebate. The rebate comes from Nissan,… Read more »
EVs become a major issue in upcoming Australian elections
EVs seem to have become a bone of contention in the Australian federal election, which will take place in May. The political nuances may be hard for us Boreals to follow, but it appears that the Coalition, an alliance of center-right political parties that has been in power since 2013, recently had a colorful clash… Read more »
Lots of news to digest as Tesla demos latest Autopilot system
At the recent Autonomy Investor Day, Tesla highlighted the progress it’s been making on its Autopilot system, and discussed its vision for the future of self-driving. Elon Musk and several other company execs, including Director Peter Bannon, Senior Director of Artificial Intelligence Andrej Karpathy, and VP of Engineering Stuart Bowers, made presentations for an audience… Read more »
Here we go again: German research institute claims diesels are cleaner than EVs
Anti-EV hit pieces clog the blogosphere like pickup trucks on a Texas highway, but this one sounded much more serious than the usual anonymous speculation. A respected German research institute released a study claiming EVs are dirtier than diesel – music to the ears of many in the German auto industry. “Considering Germany’s current energy… Read more »
EU regulators charge BMW, Daimler and VW with colluding to evade emissions rules
Are the authorities “piling on” the Volkswagen Group? In 2017, the poor little automaker pleaded guilty to fraud and obstruction of justice in the dirty diesel debacle, and has already agreed to shell out some $30 billion in atonement. Now the mean old US Securities and Exchange Commission has sued the company and ex-CEO Martin… Read more »
Elon Musk: Model 3 production constrained by Panasonic battery cell capacity
After Tesla and Panasonic announced that they were freezing expansion plans for the Nevada Gigafactory, several news outlets reported that the partners had postponed expansion because of shrinking demand for Tesla’s vehicles, but to the best of our knowledge, none presented any evidence that this was the reason for the decision. Now Elon Musk says… Read more »
Fiat Chrysler to pay Tesla hundreds of millions for European emissions credits
Fiat Chrysler (FCA) has reached a deal with Tesla to count the California carmaker’s EVs as part of the FCA fleet in order to avoid paying fines for violating new European Union emissions rules. The Financial Times reported that the deal is worth “hundreds of millions of euros.” More stringent emissions standards will take effect… Read more »
Tesla Q1 deliveries disappoint, stock stumbles
Just as the Tesla story has always elicited comments from both well-informed and uninformed writers, TSLA stock attracts investors of wildly varying levels of sophistication – or, to put it colorfully, “smart money” and “dumb money.” While the dumb money periodically causes large temporary tumbles in the stock price, triggered by Elon Musk pretending to… Read more »