Elon Musk confirmed that he sold about $8 billion worth of Tesla (TSLA) shares over the last few days, which sent the automaker’s stock spiraling down, but now he says he is done selling Tesla stocks.
Yesterday, we reported that Tesla’s stock was down 16% since the announcement that Twitter has accepted Musk’s offer to be acquired for roughly $44 billion.
We speculated that was either due…
Mary Barra says GM will begin tying executive compensation to success of its EV targets
April 29, 2022
In a recent interview, General Motors (GM) CEO Mary Barra stated that long-term executive compensation will be contingent upon the American automaker reaching specific targets for its transition into electrification. With some bold targets already in place, what better way…
Quick Charge Podcast: April 28, 2022
April 29, 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…
Tesla’s stock (TSLA) takes a beating amidst confusion over Twitter acquisition – is Elon selling?
April 28, 2022
Tesla’s stock (TSLA) is currently taking a beating and losing over $150 billion in value amidst the confusion around Elon Musk’s Twitter(TWTR) acquisition. The main question on investors’ minds is: is Elon Musk selling Tesla stocks?
After a few weeks of back and forth, Twitter’s board of directors approved the acquisition on Monday, and Tesla’s stock has been in a freefall ever since.
ABB signs global agreement to provide its full portfolio of EV charging technology to Shell
April 28, 2022
Global technology company ABB announced a global framework agreement with Shell to provide its technology to help the latter grow its EV charging network. This agreement builds upon a collaboration of the two entities that began in 2019 and will include ABB’s Terra 360…
Several states and environmental and labor groups have filed lawsuits against the USPS today. The lawsuits charge that the agency failed to do required environmental assessments before going through with their deal to spend billions on gas guzzlers to replace the aging…
Volkswagen has announced a strategic partnership with BP to expand the latter’s EV charging network across the EU and UK, beginning immediately. The first of 4,000 Volkswagen Flexpole chargers planned for Germany and the UK began service today, and the partnership allows for up to 4,000 more to be installed in other EU countries – all by 2024.
Volkswagen’s global ID. family of EVs…
Formula E reveals faster, lighter, and much more angular Gen3 car ahead of Monaco ePrix
April 28, 2022
Formula E has revealed the much-anticipated “Gen3” car, which will race in the 2023 season, with significantly improved performance over the current Gen2 cars. And an angular body which is – let’s say – “polarizing.”
The unveiling happened in Monaco ahead of…
Denver’s electric bike rebates are making car alternatives cheaper. Other cities should listen up
April 28, 2022
The federal government’s plan to provide a tax credit for electric bike purchases doesn’t appear to be coming off of life support any time soon, but that hasn’t stopped Denver from creating its own e-bike rebate program. In fact, the city might have done an even better…
GMC Hummer EV pickup trucks are now selling for $250,000
April 28, 2022
The GMC Hummer EV pickup is hitting the sweet spot of hype and scarcity that is sending the price of new units in auction surging to now over $250,000 per truck.
The demand is high for electric pickup trucks. Virtually every electric pickup program is sold out for years.
Even those already in production, like the Rivian R1T and Ford F-150 Lightning have enough pre-orders to cover their respective…
