USA: Tesla, GM Among Carmakers Flocking to Mining Events Amid Battery Metals Scramble

Posted by - February 27, 2023

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 procurement to ride the wave of electrified Electronic Vehicles sales

Posted by - February 1, 2023

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 sets Guinness World Record for recording largest loss of personal fortune

Posted by - January 12, 2023

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