Nikola founder Trevor Milton, who was recently pardoned after being convicted of securities fraud, is trying to buy the assets of his former company out of bankruptcy, according to new court filings and a person familiar with the matter. Nikola filed for Chapter 11 bankruptcy protection in February and has said it hopes to sell […]
Nikola founder Trevor Milton wants to buy the bankrupt startup’s assets Read More »
Elon Musk has long been credited with turning Tesla into a beacon of innovation, the visionary who pushed the world into an era of electrification. But his slide into politics – specifically his alignment with President Trump and activities within the federal government – has dragged Tesla into uncertainty. For many would-be Tesla buyers, the
Elon Musk took a chainsaw to the US government. Tesla is taking the hit. Read More »
Tesla recorded 336,681 deliveries, its worst quarterly performance in more than two years as the brand suffers a backlash to CEO Elon Musk’s political maneuverings. The dip in sales comes as Musk continues leading DOGE, the “advisory body” that has laid off thousands of federal employees and attempted to eliminate entire agencies and programs. His
Tesla records worst deliveries in two years amid Elon Musk backlash Read More »
Rivian delivered just 8,640 vehicles in the first three months of 2024, the company’s worst quarterly mark since the end of 2022. But the company says the slow start won’t impact its overall guidance for the year — it still expects to deliver between 46,000 and 51,000 EVs by the end of 2025. The company
Rivian starts a challenging year with a big slip in deliveries Read More »
Trevor Milton, the founder of bankrupt hydrogen trucking startup Nikola who was convicted of fraud, has been pardoned by President Trump, the White House confirmed to TechCrunch. Milton was convicted in October 2022 of one count of securities fraud and two counts of wire fraud related to claims he made about Nikola’s progress to investors. He was
Nikola founder Trevor Milton pardoned by Trump Read More »
President Trump is slapping 25% tariffs on all cars imported to the United States, including from our immediate North American neighbors. He’s also placed a 25% tariff on certain parts used to build cars. It’s a decision that will likely supercharge the cost of new and used cars, but it’s also a gift to Tesla,
Trump’s auto tariffs are a gift to Tesla Read More »
Before RJ Scaringe founded Rivian in 2009, he had micromobility on his mind. More than a decade later, his musings took root in a small skunkworks program inside Rivian that set out to answer one question: Could the company’s technology be condensed down into something smaller and more affordable than its electric vans, trucks, and SUVs?
Rivian spins out a new micromobility startup called Also with $105M from Eclipse Read More »
In May 2023, Ford triggered a transformation when the U.S. automaker locked in a deal to give owners of its EVs access to the Tesla Supercharger network. In a stunning shift, automaker after automaker — from GM and Hyundai to Rivian and Mercedes — followed suit. By the end of 2023, nearly every major automaker
Tesla Superchargers: GM, Ford, Rivian, and other EV brands with access Read More »
Brooklyn-based electric vehicle charging infrastructure startup Revel on Monday launched its first fast-charging station in San Francisco, kicking off its plans to expand across the Bay Area over the next year. “For years, Revel has operated the largest, fastest, and most reliable fast-charging network in New York City,” Frank Reig, co-founder and CEO of Revel,
Revel opens first EV fast-charging hub in San Francisco Read More »
Cadillac’s new IQ portfolio of all-electric vehicles — notably the compact Optiq SUV and grandaddy full-size Escalade IQ — has put the company on a techier, more advanced, and luxurious plane. And the shift couldn’t have come soon enough. The slate of traditional internal combustion engine vehicles that have come out of Cadillac in recent
The Cadillac Optiq EV and Cadillac Escalade IQ go big on tech, luxury, and price Read More »
