GM stock has dropped about 49 percent from the 2021 ATH as the automaker struggles to make a deal with the UAW Union amid a possible recall of over 1 million vehicles for faulty airbags.
The company initially planned to test its internet satellites aboard ULA’s new Vulcan rocket earlier this year. However, the e-commerce giant faced an unforeseen setback when the rocket experienced an explosion.
The downtime for the Tesla factory upgrades caused the decline in production and deliveries of electric vehicles in the third quarter compared to the second and first quarters.
With the new funds, Sierra Space intends to extend its flight activities to the space station and also focus on commercializing the lower earth orbit at scale for affordable operations.
Chinese tech giant Huawei refrained from unveiling its new 5G smartphone during its recent autumn season launch event. Instead, the company focused on electric vehicles, revealing its first sedan and luxury SUV.
The new Nio smartphone, though outwardly resembling a conventional mobile device, harbors unique features that make it a game-changer for Nio’s customers.
In response to Erdogan’s proposition, Musk conveyed his enthusiasm for the Turkish market.
Tesla is likely to decide on a breakthrough method of die casting multiple sections of its EVs to reduce cost and improve production.
Going by the new estimates, Morgan Stanley expects that Tesla’s market capitalization will surge by at least $600 billion over the next 12 to 18 months.
Stack AV has a team of experienced developers working on an AI-powered technology to increase productivity and efficiency in truck businesses.
Following the strategic partnership, Westlake Financial will leverage Pagaya’s relationships with asset managers and other partners to finance the auto loans.
In addition to exploring the Chinese market, Lucid is actively expanding its production capacity at its Arizona factory and preparing to launch its new SUV model called the Gravity.
Polestar is trying to create an experience where you can be using an app on your mobile phone and then continue with the app in your car.
BMW’s first Neue Klasse vehicle will be rolled out in 2025. The Vision Neue Klasse vehicle has already been revealed to the public at IAA Mobility in Munich. The event started on September 5 and will run until September 10.
Li Auto, Xpeng, and other Chinese EV companies hit good numbers for deliveries, scaling YoY and Month over Month numbers.