Elon Musk says Tesla (TSLA) could soon be worth more than Apple (AAPL), and the company is putting its money behind this position with a $5 to $10 billion share buyback.
Today, Tesla released its Q3 2022 financial results. The automaker delivered a small miss on revenue-based on expectations, but it beat earnings expectations.
Tesla has been having a hard time on the stock market over the last…
Quick Charge Podcast: October 19, 2022
October 20, 2022
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players.
New episodes of Quick Charge are recorded Monday through Thursday and again on…
Honda’s first electric moped design revealed in patent filings, giving us an early look
October 19, 2022
Like most Japanese motorcycle manufacturers, Honda has been late to the electrification game. But don’t count the storied motorbike brand out just yet, as the company’s upcoming electric moped looks to be shaping up nicely based on recent IP filings.
Honda recently…
Autonomy’s new partnership makes EV driving more obtainable for drivers with little to no credit history
October 19, 2022
The largest US-based EV subscription service, Autonomy, announced Wednesday it will be teaming up with Nova Credit to make it easier for customers with little to no credit to qualify to drive an electric vehicle.
Autonomy was rebranded earlier this year with the mission of giving people the financial flexibility to drive an electric vehicle without committing to the long-term costs of…
Biden White House to award $2.8B to bolster EV battery and mineral production in the US
October 19, 2022
Later today, the Biden administration is expected to announce $2.8 billion that will be awarded in grants around the US in support of EV battery manufacturing and mineral production domestically. The White House is also launching what is being called the “American Battery…
Tesla’s owner’s referral program is making a comeback
October 19, 2022
Tesla is coming out with a new owner’s referral program after completely revamping the program, which was initially costly.
It’s a rare demand trigger that the automaker is pulling.
The automaker doesn’t like to spend on marketing or advertising, and instead, relies on…
In the latest announcement from an automaker to expand electric vehicle manufacturing in the US, BMW released Wednesday it will invest $1.7 billion in its US EV operations to boost output.
After setting a new US delivery record in the third quarter with 4,337 EVs delivered, BMW plans to accelerate the pace even further.
The US just hit 6% EV market share in the third quarter as it progresses…
The world’s largest single-phase battery is now up and running
October 19, 2022
Meet Crimson Storage, the world’s largest single-phase battery, which is now live in the California desert.
Crimson Storage is also the second-largest energy storage project currently in operation of any configuration.
The 350 megawatt (MW)/1400 megawatt-hour (MWh) battery…
Ford F-150 Lightning winter towing tests and Engineers interview
October 19, 2022
Ford has been taking some hits in the media on the F-150 Lightning towing range, so we thought it would be good to test it ourselves and then get the background from the people who built the Lightning, especially as we head into winter. Along with Ford’s PR team, we were…
Mullen Automotive acquires ELMS inventory, manufacturing plant, and IP in all-cash purchase
October 19, 2022
Mullen Automotive has absorbed yet another fellow EV start-up. Today’s acquisition includes Electric Last Mile Solutions, or ELMS, which filed for bankruptcy in June. Mullen received court approval last week to acquire ELMS’s Indiana manufacturing facility, its inventory of EVs, and all its intellectual property.
Mullen Automotive ($MULN) is a Southern California-based EV start-up founded in…
