August 2022

Ford Motor Company signed a Memorandum of Understanding for nickel (Ni) supply with BHP. The Australian mining company has already signed a nickel supply agreement with Tesla and Toyota.  “We are pleased to announce this arrangement with Ford Motor Company, and more importantly, to collaborate with them on ways to make the battery supply chain

Judge Kathleen McCormick of Delaware Chancery Court permitted Elon Musk to make his countersuit against Twitter public on August 5.  Musk initially asked to make his Twitter countersuit public two days earlier, on August 3, before the Annual Tesla Shareholders Meeting in Texas. According to a Reuters source, the countersuit may be released a bit sooner. It

LG Energy Solution (LGES)—the company’s dedicated cell subsidiary—plans to use 100% renewable energy in all its battery manufacturing plants worldwide by 2025. The initiative is called RE100 or “Renewable Electricity 100%”. LGES stated in an ESG Report 2021 that it is working on converting all its manufacturing sites to RE100, including those located in South

Lucid Group (NASDAQ: LCID) cut its 2022 production outlook to between 6,000 and 7,000 vehicles after citing “extraordinary supply chain and logistics challenges.” Lucid initially projected its 2022 production goal as 20,000 units last year. This was quickly revised in February to between 12,000 and 14,000 vehicles in February. As automakers across the world struggled

Tesla is one of the world’s 20 fastest-growing companies for 2022, Fortune reported, adding that last year was a record for growth and recovery across its Top Global 500 list. Although many of the companies on the list reported revenue gains, only a few grew by “leaps and bounds.” 20 fastest growing  companies and $1.2