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Tesla is partnering with a little-known casting company

Tesla is partnering with Exco Technologies Limited, a Canadian company that specializes in designing and developing dies, molds, assemblies, and casting for automotive companies, the company’s CEO confirmed on an Earnings Call earlier today. Tesla has long had a focus on manufacturing efficiencies, and arguably the most efficient, and most popular, was …

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American Battery Technology wins $2-million contract for

The United States Advanced Battery Consortium (USABC) has announced a $2-million lithium-ion recycling development program with American Battery Technology Company (ABTC) in Fernley, Nevada. The contract award, which includes a 75-percent cost share by the ABTC-led project team, funds a 30-month project. The program’s goal is to demonstrate a …

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Special Purpose Acquisition Companies and the Investment

The suits claim that each SPAC is an unregistered investment company and that the compensation paid by the SPAC to its sponsor and its directors (notably the founder shares and warrants, or comparable interests in the case of PSTH) was illegal and void under the Investment Company Act of 1940 (the “Act”).

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Navitas Semiconductor to Go Public through SPAC

The company, which was founded in 2014, is backed by the investment firm Capricorn Investment Group, growth equity investor Atlantic Bridge and private investment group Malibu IQ. These and other current investors will fuel …

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Revelation Biosciences, Inc., a Life Sciences Company

Revelation’s lead product candidate REVTx-99 has potential, through innate immune system stimulation, to broadly prevent or treat infections caused by various respiratory viruses such as SARS-CoV-2 including its variants, influenza A and B, parainfluenza, rhinovirus, and respiratory syncytial virus (RSV) Combined company expected to have a post-transaction …

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The Boring Company to connect Brightline to Fort

The Boring Company’s (TBC) unsolicited proposal to Fort Lauderdale for a Las Olas Loop was recently made public, revealing some more details about the Miami tunnel project. The Boring Company submitted an unsolicited proposal for the Las Olas Loop in Fort Lauderdale on June 21, 2021, paying a $25,000 fee to the city. Full details…

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49 Law Firms Respond to Investment Company Act Lawsuits

Under the provision of the 1940 Act relied upon in the lawsuits, an investment company is a company that is or holds itself out as being engaged primarily, or proposes to engage primarily, in the business of investing, reinvesting or trading in securities.

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Rivian filings reveal Amazon delivery van names, cargo

Rivian’s filings to the NHTSA have revealed something very interesting — the name and what appears to be the main specs of the company’s all-electric delivery vans. Based on these VIN filings, it appears that Rivian may have plans to sell its all-electric delivery vans to clients beyond Amazon in the future. Immediately noticeable from…

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Toyota dubbed as world’s third-most obstructive company

Independent think tank InfluenceMap has released its Corporate Climate Policy Footprint Report, which ranks the 50 most influential companies and industry associations that are currently blocking climate policy action worldwide. While it was no surprise to see oil companies such as ExxonMobil and Chevron at the top of the report’s list, its third-ranked company was…

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Rivian (RIVN) prices its IPO at $78 per share, valuing the

Rivian (NASDAQ: RIVN) has priced its initial public offering (IPO) at $78 per share, valuing the company at $77 billion on a fully-diluted basis.These results were well above the company’s raised expectations. Filings from Rivian suggested that the company was aiming for a valuation above $65 billion on its initial public offering, with shares priced between $72 …

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Solid Power to build new solid-state battery plant in

Electrolyte production at the new facility is intended to directly feed the company’s upcoming all-solid-state EV cell manufacturing line. Solid Power expects to produce and deliver its first 100 Ah cells for formal automotive qualification testing in 2022. Solid Power Thornton-based production facility

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What’s going on with Lordstown, Fisker and Foxconn

The company seems to be struggling to get its Endurance electric pickup truck on the road. Now Lordstown has made a deal with Chinese manufacturing giant Foxconn , under which Foxconn will buy most of Lordstown’s Ohio factory, and will help Lordstown manufacture its …

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Rivian Has Built 56 R1Ts As Of October 22 Or Two Vehicles

Rivian Has Built 56 R1Ts As Of October 22 Or Two Vehicles A Day. By on October 25, 2021. The EV startup has delivered 42 electric pickups to customers, most of them company employees.The EV startup has delivered 42 electric pickups to customers, most of them company employees.The EV startup has delivered 42 electric pickups to customers, most

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Ford announces 11.4B investments on production and battery

— Ford Motor Company (@Ford) September 27, 2021. Ford plans to build a $5.6 billion mega campus in Stanton, TN, on a nearly 6-square mile site. It will be called Blue Oval City. The TN campus is expected to generate approximately 6,000 new jobs and build electric F …

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Johnson Matthey plans to exit battery materials market

Johnson Matthey has been working to commercialize its high-nickel cathode materials for the automotive industry, but has now concluded that the potential returns from its battery materials business will not be adequate to justify further investment. Citing competition from alternative technologies and other manufacturers, the company’s board has decided to …

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Tesla Superchargers’ per-minute pricing gets a welcome

In other areas, however, owners are charged per minute. Previously, the company’s per minute rates were only divided into two tiers, with Tier 1 corresponding to chargers that charge at or below 60 kW and Tier 2 rates applying to chargers that could charge at 61 kW and above. Credit: Tesla

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The Boring Company proposes tunnels in Austin and San

Elon Musk’s The Boring Company (TBC) has started discussing potential tunneling projects in Austin and San Antonio with city officials. Austin’s Development Services Department (DSD) told KXAN that The Boring Company proposed a tunnel in Austin and wanted to understand the permit requirements for the project. TBC’s proposed tunnel would run from …

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Ford announces partnership with Tesla cofounder JB

Ford and Redwood Materials, a battery recycling and material supply company founded by Tesla cofounder JB Straubel, announced that they are partnering on battery supply and recycling. more… The post Ford announces partnership with Tesla cofounder JB Straubel’s Redwood on batteries appeared first on Electrek. Ford and Redwood Materials, a battery …

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Tesla Gigafactory will be covered in solar panels by end

Tesla will completely cover its Nevada Gigafactory in solar panels by the end of 2022, the company said in its 2020 Impact Report. Over the past several years, the Tesla Gigafactory in Nevada has flown under the radar, not getting the attention the facility really deserves. Understandably, Tesla investors and enthusiasts alike have been focused…

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Nissan announces $18 billion in new e-mobility investment

The company plans to proceed at different rates in different markets. By 2026, it hopes to make electrified vehicles (EV, PHEVs and hybrids) 75% of sales in Europe, 55% of sales in Japan and 40% in China. In the electrically-challenged US, the company is setting a much more modest goal of 40% by 2030.

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The Boring Company prepares Prufrock 2 for test run in

Last month, The Boring Company released a video of Prufrock-2 coming alive in Texas, teasing a test run for the tunneling machine. “Prufrock’s medium-term goal is to exceed 1/10 of human walking speed, which is 7 miles per day,” according to the TBC website.. Prufrock was designed to porpoise, meaning it can launch directly into the surface and re-emerge on its …

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The Boring Company Vegas Loop gets approval from

The Clark County Nevada Commissioners Board recently approved The Boring Company’s (TBC) Vegas Loop franchise agreement, marking another milestone in the project. The Board granted TBC a franchise agreement on Wednesday, October 20, 2021. As per the agreement, the tunneling company has permission to install and operate a Monorail part of …

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UK fuel crisis is encouraging car buyers to make the EV

Miller noted that his company’s EV experts experienced their busiest day ever last Friday, and the interest in electric vehicles doesn’t seem to be dying down. Many people have scheduled test drives in an electric vehicle in the coming week, creating somewhat of a good dilemma for Miller’s company since it is low on stock.

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Tesla’s massive deal with Hertz will not take effect in

Tesla’s massive deal with Hertz to add 100,000 Model 3 electric vehicles to its fleet will not take effect in Sweden, according to the company. Hertz Sweden will not include Model 3 vehicles, according to Cecilia Saberi, the company’s communication manager in the country. On Monday, it was announced that Hertz, a rental car agency,…

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Tesla Giga Shanghai roars into action as Q3 2021 enters

Tesla did not set a specific guidance for 2021. However, the company did note that it would be beating its production and delivery numbers in 2020, which were record-breaking on their own. Gigafactory Berlin was supposed to start operations this year and kick off Model Y deliveries in Europe this quarter.

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The Boring Company Fort Lauderdale Loop will cost as much

The Boring Company (TBC) and Fort Lauderdale continue to negotiate the terms for the Las Olas Loop project which is expected to help the city with congestion. Mayor Dean J. Trantalis provided a brief update on the project recently. In October, the Fort Lauderdale Commission voted 4-1 to proceed with The Boring Company’s Las Olas…

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Lucid to report Q3 2021 Earnings tonight: Here’s What to

Lucid Group (NASDAQ: LCID) will report its Q3 2021 Earnings this evening after market close. Lucid Group will first release a Shareholder Deck to report its profitability and Earnings, which will then be followed by a conference call with company executives who will field questions from analysts. Big questions surround Lucid’s first-ever Earnings Call as…

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Tesla Cybertruck steel supplier’s $1.7-billion TX facility

Tesla Cybertruck steel supplier’s $1.7-billion TX facility is coming to form. By on August 6, 2021. It appears that the pieces are starting to come together for the Tesla Cybertruck. Apart from the rapid development of Gigafactory Texas, Steel Dynamics, Tesla’s supplier for the steel that would be used in the vehicle, is also making some

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Lucid Group announces Q3 2021 Earnings Call date – Real SPACS

The company plans to deliver 520 Dream Edition sedans in total, but at this time, Lucid was unable to tell Teslarati exactly how many units it plans to deliver on Saturday. As a result of the news of initial deliveries occurring this week, Lucid stock has shot up nearly 50% this week, currently trading at $36.95 per share.

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Rivian IPO set to launch next week with initial valuation

However, the company also sought out a $70 billion IPO in May. Initial projections in September seemed to indicate that Rivian would be looking toward an IPO sometime around November, but closer to the Thanksgiving holiday. Rivian seeks $80B valuation in …

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The Boring Company’s LVCC Loop gets positive reviews from

The Boring Company’s LVCC Loop has received reviews from its first round of public passengers, and they are quite positive. Based on comments from attendees of the ongoing World of Concrete 2021 convention, Elon Musk’s underground transport tunnels are very useful and well appreciated. The LVCC Loop was completed at the cost of about $52.5…

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Tesla Model Y pre-production unit possibly spotted at Giga

A black Tesla Model Y was recently spotted at Giga Berlin. Many have speculated the Model Y is a pre-production unit, hinting that the factory in Grünheide might be preparing to kick off production. The recently-spotted Model Y also seems very well made, with very consistent panel gaps. Potential pre-production Model Y units were initially spotted at Giga…

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Mark Fields, Former Ford CEO, Buys 100,000 Teslas For

The rental car company went bankrupt over the COVID summer of 2020, and is itself climbing, maybe quite “roaring”, back. Bloomberg reports that Hertz is paying something close to full price for the fleet of Teslas, and the order size represents around 10% of Tesla’s annual manufacturing capacity.

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Tesla FSD early adopters get Autopilot Camera Upgrade

That being said, Tesla has noted that with the company working through supply constraints, invitations for camera upgrades would be sent first to vehicles with the highest safety scores and Intel Atom-powered MCU2 units. Tesla FSD vehicles with NVIDIA Tegra-3-powered MCU1 units are poised to follow at a later date.

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Lucid Motors highlights Service options and Warranty

The company was slated for its first deliveries earlier this year in the Spring, but this date was pushed back shortly after the company merged with SPAC Churchill Capital Corp in February. The company currently has at least 10,000 reservations for the several variants of the Air, and testing is still ongoing.

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Rivian announces a $2.5B funding round, bringing grand

Rivian has announced another successful private funding round led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor Company, along with funds and accounts advised by T. Rowe Price. Third Point, Fidelity Management and Research, Dragoneer Investment Group, and Coatue participated in the second investment round of 2021. The …

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First Tesla Semi deliveries to PepsiCo are starting this

PepsiCo CEO Ramon Laguarta has shared a pleasantly surprising update on his company’s Tesla Semi orders. While speaking with CNBC‘s Jim Cramer, Laguarta remarked that the first deliveries of the Tesla Semi for PepsiCo’s operations would be starting this Q4.This bodes well for the ramp of the all-electric Class 8 truck, which has already seen several delays …

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Tesla’s Impact Report details environmental footprint of

Nowadays, many companies offer an Environmental, Social and Governance (ESG) impact report, in addition to the traditional annual report. Consistent with its mission to accelerate the world’s transition to sustainable energy, Tesla has released a 2020 Impact Report that’s thorough and detailed, describing the company’s efforts to minimize its environmental …

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SpaceX CEO Elon Musk talks Starship space telescopes

In his latest batch of tweets, SpaceX CEO Elon Musk says that the company is already thinking about the many potential ways its next-generation Starship launch vehicle could be used in space. Already, ideas publicly touted by the SpaceX CEO range from using Cargo Starships to clean up space debris with its mouth-like payload bay…

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SPACs are Not Investment CompaniesSPACs are Not Investment

On August 17, 2021, a purported shareholder of Pershing Square Tontine Holdings, Ltd. ("PSTH") filed a derivative lawsuit against PSTH, a special purpose acquisition company ("SPAC") sponsored by investment funds managed by Bill Ackman, as well as certain of PSTH's directors and certain other entities, alleging, among other things, that PSTH is an …

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GM aims to catch Tesla’s EV market share by 2025 – Real SPACS

The company is still expanding its production lines and manufacturing footprint, however, and has reported an increase in deliveries every quarter since Q1 2019, when deliveries in Q4 2018 were higher than the following quarter. GM has had a tumultuous 2021 so far.

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Tesla is enforcing strict FSD Beta rules for inattentive

The company’s message is clear: drivers who misuse the FSD Beta system will be kicked off the program. The following is Tesla’s message to an FSD Beta tester who was flagged for improper use. Interestingly enough, Tesla noted that it would only be sending one warning to concerned drivers.

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The Boring Company starts hiring ramp in TX and Vegas to

The Boring Company (TBC) recently invited people in Texas and Vegas to join its team. Elon Musk chimed in, reminding everyone that one of TBC’s goals is to tunnel faster than Gary the Snail. A quick look through The Boring Company’s career page reveals that it is taking its “arch-nemesis” more seriously now. “We’re looking…

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Tesla’s R&D center for its $25k electric car is complete

Tesla’s Q3 2021 Update Letter included several critical tidbits about the company’s ongoing projects across the globe. But amidst the wealth of information provided in the document, Tesla also included a small yet notable update of sorts from the Gigafactory Shanghai complex. The R&D center, where the $25k Tesla would be formally designed, has …

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Learn about modular e-motor platform optimization – Real SPACS

Looking for a pioneering solution for complex design optimization challenges, ZF—a global technology company supplying systems for passenger cars, commercial vehicles, and industrial technology—partnered with Altair to implement a data-driven development and optimization strategy for e-motors. The collaborative work of ZF and Altair has resulted in a …

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US President Biden pats GM CEO’s back: “You electrified

Biden’s statements about the GM CEO leading the electric vehicle transition are pretty interesting, seeing as the automaker is the company that chose to kill the modern electric car in the past by literally crushing the EV1.

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Rivian Gear shop reminds owners of the company’s

Rivian’s Gear Shop is live just as the company prepares to price its initial public offering on Tuesday. The items in Rivian’s Gear Shop remind customers of its main purpose: to allow people to have outdoor adventures while also preserving nature for future generations. The Gear Shop reflects Rivian’s approach in the electric vehicle market.…

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Nikola Corp. agrees to pay $125 million penalty to SEC

The company said it is building pre-series trucks at its Coolidge, Arizona production facility and could deliver as many as 25 trucks to dealers and customers by the end of the year. In September, Nikola and Bosch Group signed a deal to produce fuel-cell power modules at the Coolidge facility.

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Tesla becomes last EV standing after car rental company

In a recent announcement, the BEV rental company noted that it is purging its EV fleet save for its Teslas since the ownership experience of other electric cars is a bit lacking, at least for now. The car rental company outlined its decision in a recent video, which was uploaded on its YouTube channel. In the video, the company noted that it is

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