April 2022

Ford reports first quarter earnings with $34.5bn revenue, net loss of $3.1bn from Rivian investment

Ford (NYSE: F) reported $34.5 billion in revenue through Q1 2022, with a net loss of $3.1 billion “primarily attributable to valuation of investment in Rivian.” The Detroit-based automaker said demand for its vehicles was strong in the first quarter, but deliveries were tempered by supply chain issues. “The appeal of these products – Bronco, […]

Ford reports first quarter earnings with $34.5bn revenue, net loss of $3.1bn from Rivian investment Read More »

Tesla shares begin to recover following $126bn loss from Musk Twitter deal

Tesla shares (NASDAQ: TSLA) slightly rebounded on Wednesday following a $126 billion loss after investors showed skepticism after CEO Elon Musk acquired social media platform Twitter earlier this week. Tesla shares fell over 12 percent during Tuesday’s trading session after it was revealed that Musk may have to sell some Tesla shares to fund his

Tesla shares begin to recover following $126bn loss from Musk Twitter deal Read More »

Elon Musk’s request to end 2018 consent decree thrown out by Federal Judge

Elon Musk’s request to have a 2018 consent decree with the Securities and Exchange Commission thrown out was denied by a U.S. District Judge on Wednesday. U.S. District Judge Lewis Liman said the agreement will be upheld because Musk entered the terms of the decree “knowingly and willingly.” The decree was a set of terms

Elon Musk’s request to end 2018 consent decree thrown out by Federal Judge Read More »

Global Li-ion battery production capacity could reach 6 TWh by 2030

Global lithium-ion battery production capacity could reach over 6,000 GWh (6 TWh) by the end of the decade, according to lithium industry authority Benchmark Mineral Intelligence. Battery manufacturing facilities (now invariably referred to as “gigafactories”) are being built by automakers and battery suppliers around the world. Total lithium-ion capacity (existing or under construction) has doubled

Global Li-ion battery production capacity could reach 6 TWh by 2030 Read More »

Mack’s Range Calculator helps refuse truck customers plan routes for electrification

Mack Trucks, part of the Volvo Group, has introduced a new Range Calculator for Electric Vehicles to help customers simulate real-world collection routes for the Mack LR Electric refuse truck. The Range Calculator uses GPS data collected from a customer’s current routes to predict the number of starts and stops the Mack LR Electric can

Mack’s Range Calculator helps refuse truck customers plan routes for electrification Read More »

Translate »