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“#Biden and carmakers to announce goal of 50 percent ‘zero emission’ cars by 2030” President Biden on Thursday will announce plans to make 50 percent of new cars “zero emission” by 2030 — coupled with sweeping new efficiency standards for cars that still use petroleum. Biden will sign an executive order outlining the goal and…
“#Nikola founder Trevor Milton charged with fraud, lying to investors” Trevor Milton, the founder of electric-truck startup Nikola, was indicted Thursday on charges of securities fraud for lying to investors about “core aspects” of the business. The US Attorney’s Office in Manhattan accused Milton, who resigned as chairman of Nikola in September, with misleading investors,…
“#Elon Musk bashes Apple, journalists and critics amid Tesla profits” Elon Musk slammed press coverage of Tesla crashes that may have involved its “autopilot” feature, pushed back on child-labor concerns and even took multiple digs at Apple after the electric car maker reported record results. Tesla late Monday released its second-quarter earnings, which showed that…
“#Tesla cruises past estimates, reports electrifying quarter” Electric-car maker Tesla on Monday beat Wall Street expectations for second-quarter profit and revenue as record deliveries offset the impact of a prolonged global shortage of chips and raw materials. Shares of the world’s most valuable automaker closed up 2.2 percent, at 657.62, and rose to 667.01 in extended trading….
“#E-car maker Lucid has strong Nasdaq debut after merger with SPAC” Shares of Lucid Group rose as much as 19 percent in their Nasdaq debut on Monday after the electric-vehicle maker completed its merger with a blank-check company backed by Wall Street dealmaker Michael Klein. Lucid, which is run by an ex-Tesla engineer, had agreed…
“#GM recalling Chevy Bolt EVs again after vehicles catch fire” General Motors on Friday issued the second recall in less than a year for its 2017-2019 Chevy Bolt EVs after some of the cars that had already been repaired still erupted into flames. Officials with GM and LG, which supplies the electric car’s battery cells, have identified…
“#NYPD buys $47K Tesla Model 3 for highway patrol division” The NYPD has added a new eco-friendly ride to its fleet: a Tesla Model 3, The Post has learned. The luxury electric vehicle — which came with a $47,740 price tag — will be used by the department’s highway patrol division, city records show. The…
“#Lordstown Motors discloses Justice Department probe, SEC subpoenas” Lordstown Motors, an Ohio company under scrutiny over the number of orders it claimed it had for the electric trucks that it wants to produce, acknowledged receiving two subpoenas from federal regulators and that prosecutors in New York have opened an investigation. The Securities and Exchange Commission…
“#Tesla Model 3’s ‘Top Pick’ status restored after safety concerns” Consumer Reports has restored its “Top Pick” rating on the Tesla Model 3 after new tests showed the car’s new camera-based safety systems are effective. The consumer advocacy group had revoked the Model 3’s coveted recommendation in May after Tesla dropped radar systems from its…
“#Revel says it will launch ‘Tesla taxis’ despite NYC TLC ban” The battle over putting Tesla taxis on the streets of New York is kicking into high gear. Electric transportation startup Revel said late Wednesday it will launch its all-Tesla ride-share service soon — despite the fact that the city’s Taxi and Limousine Commission voted…