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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…
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,…
Chinese auto maker BYD made waves this week when it announced its new Han L sedan could add as much as 248 miles of range in as little as five minutes. Unfortunately, the company was light on details, and it did not respond to TechCrunch’s request for clarification. So instead, we’ve scoured the web for…
Something special went down in the desert outside of Las Vegas this weekend: two EVs took on the Mint 400 for the first time. Since the Mint 400 launched back in 1969, vehicles in this iconic desert endurance race have been powered by dead dinosaurs. Spectators and race participants alike are used to the smell…
The CEO of Canoo is buying nearly all of the defunct EV startup’s assets out of bankruptcy, according to a court filing. A new entity controlled by the CEO, Anthony Aquila, has offered to purchase “substantially all” of the assets for $4 million in cash. The sale will also wipe clean a more-than-$11 million debt…
“Lucky me,” I thought as I navigated the 2025 Hyundai Ioniq 5 into the last spot of a Tesla Supercharging station in Palm Springs. The EV didn’t really need any juice. But this refreshed compact all-electric SUV comes equipped with Tesla’s North American Charging Standard port; it was time to test out how well Hyundai…
Seven-year-old electric vehicle startup Canoo has filed for bankruptcy and will “cease operations immediately.” The company is liquidating its assets in a Chapter 7 proceeding in the Delaware Bankruptcy Court. The company said in a press release published late Friday that it was “in discussions with foreign sources of capital” that proved unsuccessful, and also…
When Hindenburg Research posts a blog on its website, it often means a company’s final days are near. Today, that company is Hindenburg Research. Nate Anderson announced Wednesday he has shut down short-selling firm Hindenburg Research after a seven-year run issuing damning reports about high-profile companies, including many of the technology world’s giants and buzzy…
Even before CES 2025 kicked off a few trends began to emerge — or more accurately, some gaps appeared. All U.S. and some European automakers that have helped turn CES into an auto show were absent. Several Chinese automakers filled that void, notably Zeekr, the EV brand owned by China’s Geely Holdings. Wey, a premium…
I did not go to CES 2025 with the goal of getting drenched by Lake Mead’s chilly January waters. But when I discovered Los Angeles-based boat startup Arc had brought its new sport boat to Las Vegas, I figured it was worth the risk. It was. The Arc Sport was a joy to drive, even…