Top automakers including Tesla, General Motors, and Ford are heading out on the mining conference circuit as soaring demand for metals used in electric vehicles ignites a scramble to lock in long-term supplies. Major U.S. firms, along with Rivian Automotive Inc. And European counterparts Stellantis N.V., Mercedes-Benz Group AG, and Jaguar Land Rover Automotive, will
Tesla success sparks plans for major production increase, new car focus, and significant investment in Electronic Vehicles battery manufacturing to increase product output. The electrified car company announced a positive result at the end of Q4 2022. The company has redeemed its ability to meet targets, which resulted in a reported US$24.3bn in revenue for
Elon Musk has broken the Guinness World Record for the greatest loss of personal fortune in history. According to Forbes, he has lost almost $182 billion (£153 billion; €173 billion) since November 2021; however, some sources contend that it may have been closer to $200 billion. Musk’s cumulative losses greatly exceed the previous record of
Tesla shares rose sharply in pre-market trading on Monday after a majority of Twitter users polled by Elon Musk voted in favor of him stepping down as the social media company’s CEO. A move that could help address shareholder concerns about his leadership hampering his duties as the electric-car maker’s chief. Tesla shares were up
Sony is planning to launch a new mobility company this year, which will explore the possibility of entering the electric vehicle market. With this move, the Japanese tech giant is looking to harness its strengths in entertainment and sensors to play a bigger role in next-generation mobility. The new company, called Sony Mobility, comes as
