Tesla (TSLA) has lost over $500 million in value from its Bitcoin investment amid what people are now calling a “crypto winter.”
Early in 2021, Tesla invested $1.5 billion in Bitcoin.
Shortly after, the automaker started accepting the cryptocurrency as payment on new vehicles.
However, a few days later, Tesla took a step back with crypto by removing the Bitcoin payment option. The company…
West Lafayette, Indiana-based Purdue Research Foundation recently completed a licensing agreement with an international energy company – the name of which was not disclosed – for the commercialization of a new process discovered at Purdue University Northwest (PNW) for…
Walmart has long offered an interesting array of low-cost electric bicycles. Some of the bikes have even dipped down into ultra-budget territory with prices below $400. It can be a good option for those that want the utility of an electric bicycle but don’t have a lot of…
BMW is going to be testing an iX electric SUV with 600 miles (965 km) of range enabled by a new battery chemistry from Our Next Energy (ONE).
We previously reported on ONE when it did something similar with a Tesla Model S – replacing its battery pack and claiming to achieve 752 miles of range with it.
At the time, we were cautiously skeptical since ONE didn’t release any detail about the…
Amsterdam-based Urban Arrow has just updated its Family Cargo line of electric bicycles, making these family-centric electric cargo bikes better than ever for replacing a car in your garage.
Cargo bikes are one of the coolest inventions on two wheels. They take a bicycle’s…
Ford has told its dealerships to stop delivering Mustang Mach-E as it found a defect in recent models. It doesn’t have a fix yet, but it is preparing a safety recall.
The automaker has given advance notice of an upcoming recall to its dealerships, asking them to stop…
At this year’s Goodwood Festival of Speed in England, Polestar will showcase multiple EVs, including a prototype of its upcoming Polestar 5 sports sedan. Joining it will be the original Precept concept that inspired the Polestar 5 as well as a limited-edition Polestar 2.
Polestar is a Swedish premium EV brand launched in 2017 that currently has two electrified models on the market – the…
Electric vertical takeoff and landing (eVTOL) developer Overair has announced the acquisition of an additional $145 million in funding from aircraft technology specialists Hanwha Systems and Hanwha Aerospace. In addition to its continued investment, Hanwha will provide…
Elon Musk says that electric vehicle startups Lucid and Rivian are tracking toward bankruptcy unless something changes.
During an interview with the Tesla Silicon Valley Owners Club, Tesla CEO Elon Musk said that both Lucid Motors and Rivian, two US-based electric vehicle…
LG announced that it is investing $450 million into producing 4680 battery cells, a format pioneered by Tesla.
While the Korean battery manufacturer didn’t confirm that the new cells will be for Tesla, it is extremely likely.
When Tesla unveiled its plan to produce its own new tabless battery cell in a bigger format with a new chemistry, the automaker claimed to have solved some major issues…