Tesla Inc. CEO Elon Musk sold at least $3.95 billion of the electric-vehicle maker’s shares just days after closing his buyout of Twitter Inc. Musk unloaded 19.5 million shares, according to regulatory filings on Tuesday in New York, his first disposals since August. The documents didn’t indicate that the transactions were pre-planned. The world’s richest […]
Musk sold $3.95 billion of Tesla stock after buying Twitter Read More »
A 22-year-old Australian driver has caught the police’s and the Internet’s attention for his unlikely speed on public roads. New South Police claimed in a statement that they clocked the driver going 280 km/h (174 mph) in a blue Golf R. As our Australian readers are no doubt aware, and as readers from the rest
22 Year-Old VW Golf R Driver Caught Doing 174 MPH (280 km/h) In Australia Read More »
Audi’s E-Tron has undergone a major update and been given a new name in the process. The updated mid-size electric SUV was revealed late on Tuesday as the 2023 Audi Q8 E-Tron, and it is confirmed to reach dealerships in the second quarter of 2023, in both regular SUV and coupe-like Q8 Sportback E-Tron guises.
2023-Audi Q8 E-Tron boasting more range replaces E-Tron electric SUV Read More »
Lucid Group Inc. reported a third-quarter net loss of $670 million but reiterated its production goal of 6,000 to 7,000 units of its Air electric sedan this year after dealing with supply chain issues and growing pains as an EV startup. The company’s stock price fell 13 percent to $11.79 in after-market trading after Lucid
Lucid reports Q3 net loss of $670 million, reiterates 2022 production target Read More »
Ned Curic joined Stellantis in 2021 as chief technology officer from Amazon, where he led Alexa Automotive. The former Toyota and Microsoft executive is charged with executing Stellantis’ plan to generate $20 billion in software-related revenue by 2030, from services and subscriptions, features on demand, and data and fleet services. Curic spoke with Automotive News
Why Stellantis is building up its software muscles Read More »
Vroom Inc. said Monday it recorded a smaller net loss and took in record profit per used car and truck it sold in the third quarter as it cut costs, though revenue and volume of vehicles sold fell sharply year-over-year. The online used-vehicle retailer reported a net loss of $51.1 million for the quarter ended
Vroom trims losses as revenue, volume decline in Q3 Read More »
There is something intriguing about discovering precious objects that were abandoned for decades. This is the feeling that Italian 3D artist Dizzy Viper evokes with a new series of renderings depicting all sorts of modern-era hypercars left to rot, presumably in a post-apocalyptic EV-occupied future. Seeing a Bugatti Chiron Pur Sport with a broken front
Artist Imagines Exotic Hypercars Left To Rot In An EV Future Read More »
DALLAS — As traffic trundled by on nearby Interstate 45, Kendra Phillips stood on a gravel parking lot and sketched a practical piece of the autonomous trucking future. Over here, the gates through which Aurora Innovation Inc.’s self-driving trucks might arrive after completing trips to Houston. Over there, scales for weighing trucks before they depart.
Aurora inks deal with Ryder to keep its self-driving truck fleet ready for road Read More »
Lamborghini will join the ranks of top-level motorsports come 2024 when it enters both the FIA World Endurance Championship and IMSA SportsCar Championship with a new LMDh race car. LMDh is a new race car category which will have its first season in 2023. It is eligible for both the Hypercar class of the WEC
Lamborghini partners with Iron Lynx for 2024 LMDh campaign Read More »
As automakers call on the U.S. government to rethink a plan to limit tax credits for electric vehicles, they’re facing opposition from an unexpected source: their own suppliers. Car giants such as Ford Motor Co. and Toyota Motor Corp. say the government should loosen the terms of the $430 billion Inflation Reduction Act to allow
Ford and Toyota are opposing their suppliers over EV tax credit Read More »
