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“#Feds probing nearly two dozen crashes involving Tesla cars” The feds are actively investigating nearly two dozen crashes involving Tesla cars — three of which have occurred in the last month. The National Highway Traffic Safety Administration said it’s running 23 ongoing probes of Tesla crashes, including this month’s pair of collisions in Michigan and a…
“#Lordstown Motors stock sinks after SEC inquiry revealed” Lordstown Motors’ stock price tumbled Thursday after the electric-vehicle startup told investors it’s facing scrutiny from the feds. Shares in the General Motors-backed company slid about 8.2 percent to $13.85 in premarket trading as of 8:58 a.m. after CEO Steve Burns said it received “requests for information”…
“#Feds investigating ‘violent’ Tesla-trailer crash in Detroit” The US government’s highway safety agency is sending a team to Detroit to investigate a crash involving a Tesla that drove beneath a semitrailer. The National Highway Traffic Safety Administration says Monday night that a special crash investigation team will go to the city to investigate the “violent…
“#Lordstown Motors stock sinks after Hindenburg Research report” Lordstown Motors shares plummeted Friday after a fiery short-seller accused the electric-vehicle startup of touting bogus pre-orders for its forthcoming pickup truck. The General Motors-backed company is the latest target of Hindenburg Research, which rose to prominence last September after publishing a damning report on Nikola, another…
“#Machine catches fire at Tesla factory in California” A machine caught fire at the northern California factory where Tesla makes the bulk of its cars, according to local officials. The flames broke out Thursday afternoon in a part of the Fremont plant that’s currently under construction, the Fremont Fire Department said. Firefighters who responded to…
“#Elon Musk’s fortune loses $27B as Tesla stock plunges: report” Tesla chief Elon Musk’s fortune reportedly shrank by $27 billion last week as the electric-car maker’s staggering stock rally was thrown into reverse. Musk suffered the hefty paper loss between Monday and Friday as a selloff in big tech stocks drove Tesla’s share price down…
“#Volvo plans to make only electric vehicles by 2030” Volvo says it will make only electric vehicles by 2030. But if you want one, you’ll have to buy it online. The Swedish automaker said Tuesday that it is phasing out the production of all cars with internal combustion engines — including hybrids. “There is no…
“#Nikola admits founder Trevor Milton made ‘inaccurate’ claims” Nikola admitted that founder and former chairman Trevor Milton made several “inaccurate” claims about the electric-truck maker’s business before he resigned under pressure last year. An internal investigation affirmed several findings of the Hindenburg Research report that threw Nikola into chaos last fall after the short-selling firm…
“#Lucid Motors SPAC shares tank after deal to go public” Shares of a blank-check company that’s set to merge with electric-car maker Lucid Motors tumbled Tuesday after it inked a deal to take the Tesla rival public. Churchill Capital Corp IV — a special purpose acquisition company, or SPAC, backed by former Citigroup banker Michael Klein…
“#Ford to go all electric in Europe by 2030” FRANKFURT, Germany — Ford is vowing to convert its entire passenger vehicle lineup in Europe to electric power by 2030 in just the latest sign of the seismic technological changes sweeping the auto industry. Ford will spend $1 billion to revamp its factory in Cologne, Germany…