Cleantech & EV'sNews

Elon Musk is looking to finance Twitter acquisition without loans backed by Tesla shares as price falls

May 12, 2022
Elon Musk is reportedly looking to secure more equity for the acquisition of Twitter in order to proceed without billions of dollars worth of loans back by Tesla shares. It comes as Tesla’s share price has fallen to significantly. Last month, Twitter’s board officially accepted Elon Musk’s acquisition offer. It still needs to go to a shareholder’s vote and some details are still being…
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Cleantech & EV'sNews

Foxconn wastes no time announcing Fisker PEAR will be built at newly acquired Lordstown plant

May 12, 2022
Less than twenty-four hours after announcing the closing of its purchase of an Ohio assembly plant from Lordstown Motors, Foxconn and its partner Fisker Inc. announced the facility will soon be home to production of the latter’s upcoming PEAR EV. We first learned of Project PEAR, an acronym for Personal Electric Automotive Revolution, in February of 2021 when Fisker Inc. ($FSR) announced a new…
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Cleantech & EV'sNews

Microlino launches Pioneer Series, a limited run of its ultra-sleek, not-a-car electric microcar

May 12, 2022
Microlino has just unveiled its Pioneer Series, a limited edition of 999 electric vehicles to be produced on its Turin, Italy, assembly line and destined for its earliest backers. The Microlino may look like a small electric car, but is actually classified as a quadricycle or L7e-class vehicle in most of Europe. First unveiled six years ago at the Geneva Motor Show, the Microlino has taken a…
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Cleantech & EV'sNews

Rivian (RIVN) Q1 2022 results – $1.5b loss, 10k new orders, reaffirms 25k production guidance

May 12, 2022
Rivian has posted its Q1 2022 results and shareholder letter after market close today, showing $95 million in revenue and a loss of $1.593 billion for the quarter ($1.77 per share), up from a loss of $414 million from the same quarter last year. It ended the quarter with nearly $17 billion in cash, largely from its massive IPO late last year. Rivian also reaffirmed 2022 annual guidance, expecting…
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