April 2022

Chinese EV maker Nio might make phones—for the ecosystem, not to rival Apple or Samsung

Chinese EV firm Nio is considering a line of smartphones in response to demand from tech-savvy customers, CEO William Li said in an interview with China-based news service Sina published Friday. Customers want a phone that connects better to Nio’s vehicles, Li said. He indicated that a Nio phone wouldn’t be about making money or

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To support EV battery production, Biden turns to Defense Production Act

As part of a series of actions being taken to address gas prices and energy affordability, the Biden administration last week turned to a wartime tool to help ramp up the availability of critical materials needed for electric vehicles, sooner. According to a White House release, the Defense Production Act will be authorized to support

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Tesla’s Elon Musk takes 9.2% stake on Twitter, becomes single largest shareholder

Twitter stock is soaring on Monday’s premarket after news broke that Tesla CEO Elon Musk had taken a substantial stake in the company. Musk’s stake was revealed by the US Securities and Exchange Commission (SEC) in a 13G filing released on Monday.  As per the SEC filing, Musk now owns 73,486,938 shares of common Twitter

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Tesla bucked the industry with its Q1 results — now TSLA is seeing momentum

Tesla (NASDAQ:TSLA) essentially bucked the auto industry in the first quarter of 2022. Despite shutdowns in its Shanghai plant, rising nickel prices, and the ongoing supply chain crisis, Tesla successfully delivered 310,048 cars worldwide. This represented a slight increase from the 309,000 it delivered last quarter and a whopping 68% increase from Q1 2021.  Wedbush

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