Cleantech & EV'sNews

Lucid Motors beats Q2 revenue estimates with another $1.5 billion injection from Saudi PIF

August 7, 2024
Lucid Motors (LCID) topped Wall Street’s Q2 revenue estimates Monday after announcing another $1.5 billion investment from Saudi Arabia’s Public Investment Fund (PIF). Lucid reports Q2 2024 earnings results Lucid delivered a record 2,394 vehicles in the second quarter, up 22% from the previous record in Q1 2024 (1,967). Production at its AMP-1 manufacturing plant also picked up, with 2,110…
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Cleantech & EV'sNews

Tesla is testing Supercharging at over 300 kW

August 7, 2024
Tesla is currently testing the potential for its current Supercharging V4 (with V3 cabinets) to charge at over 300 kW The Supercharger network is by far the best fast-charging network in the world and it’s hard to argue against that. It’s the most extensive, convenient…
CryptoNews

Binance Hit With $87 Million Tax Bill in India

August 7, 2024
Global crypto exchange Binance has received a goods and services tax (GST) bill of Rs 722 crore ($87 million) in India for non-compliance with the country’s tax regulations. This is the first instance of a cryptocurrency firm facing such scrutiny in India. A source claimed that Binance earned over Rs 4,000 crore from transaction fees charged to Indian customers. However, these earnings were…
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AI & RoboticsNews

Runway Gen-3 Alpha can now bookend your AI videos. Creators, take note

August 6, 2024
Runway, the New York-based AI startup, has taken another significant step in the rapidly evolving field of AI-generated video. The company announced today that its Gen-3 Alpha Image to Video tool now supports using an image as either the first or last frame of video generation, a feature that could dramatically improve creative control for filmmakers, marketers, and content creators. This update…
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DefenseNews

Air Force fires ops group commander after scathing B-1 crash report

August 6, 2024
The Air Force has fired an operations group commander at Ellsworth Air Force Base in South Dakota, following the release of a scathing report into a B-1B Lancer bomber’s January crash. Col. Mark Kimball, commander of the 28th Operations Group, was removed “due to a loss of trust and confidence in his ability to command,” Air Force Global Strike Command said Friday. Kimball was relieved by…
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