Tag: automotive
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Tesla is now worth half a trillion dollars
Surging Tesla shares have pushed the firm ’s market capitalization to more than $515 billion, with a fivefold increase since the start of the year. The traditionally volatile inventory has continued to experience price swings. However, because attaining a low for the year in March, Tesla’s share price has been on an upwards trajectory that…
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Fiat Chrysler plans to bring a Ram electric pickup truck to market
Fiat Chrysler Automobiles CEO Mike Manley confirmed Wednesday the automaker’s Ram brand will bring an electric pickup truck to market. The remarks, made in response to an analyst question during the company’s third-quarter earnings call, puts to rest rampant speculation, which was fueled by previous comments from Manley, that the automaker was planning to join…
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Tesla’s decision to scrap its PR department could create a PR nightmare
Ayelet Noff Contributor Share on Twitter Ayelet Noff is the creator and CEO of both SlicedBrand, a top global PR agency headquartered at Berlin. A strong public relations team solves many issues within a firm. It helps spread important news announcements and issues integral to a company’s success. It communicates with the press in a…
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Proterra, which makes big honkin’ battery systems and electric buses, raises $200 million
Proterra, the battery powered system technology programmer for heavy-duty electric cars, said it has raised $200 million in a new form of funding. The new cash comes in Cowen Sustainable Investment Advisors, which led the round, Together with money from Soros Fund Management, Generation Investment Management and Broadscale Group. Cowen took the majority of the…
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Tesla claims it can drive battery costs down even lower with new material science innovations
Amid a packed day of announcements from Tesla around inventions the organization is pursuing to slash the expense of electric vehicle production and energy storage through improved battery design, the company said it’s made new improvements in material science for anodes and cathodes — important elements of the lithium-ion batteries which are the core of…
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Lucid Motors reveals its long-awaited Air electric sedan
Lucid Motors CEO and CTO Peter Rawlinson had a clear vision on how best to choose an electric car to a different degree. The former chief engineer of this Tesla Model S just didn’t expect it to take quite so long. Today, nearly four decades since the company first announced its intentions to produce electric…
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Daily Crunch: Tesla targeted in ransomware attack
The Justice Department reveals a thwarted malware attack on Tesla, Facebook tests linking your news subscriptions to your social network account and Xiaomi has plans for under-screen cameras. This is your Daily Crunch for August 28, 2020. The big story: Tesla targeted in ransomware attack The Justice Department released a complaint Thursday describing a thwarted…
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Elon Musk says ’embarrassingly late’ two-factor is coming to Tesla app
Tesla CEO Elon Musk acknowledged Friday that the company was ‘embarrassingly late’ rolling out a security layer known as two-factor authentication for its mobile app. “Sorry, this is embarrassingly late. Two factor authentication via sms or authenticator app is going through final validation right now,” Musk wrote Friday in response to a question from a…
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The Station: Winners and losers in Paris, Rivian sets a delivery date, Waymo and FCA deepen ties
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hello and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. It’s…
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Nissan stakes its EV future on the 300-mile range Ariya crossover
Nissan unveiled today the Ariya, an all-electric SUV with an estimated 300 miles of range and a starting price tag of $40,000 that marks the beginning of a four-year plan aiming for growth and profitability. The Nissan Ariya will first be sold in Japan in mid-2021, before heading to dealerships in the U.S. and Canada…