American EV automaker Lucid Motors shared its Q1 numbers for 2022, today reporting nearly $58 million in revenue despite a slow uptick of deliveries. Additionally, Lucid announced substantial price increases to multiple trims of its Air sedan for any new reservations beginning June 1.
While Lucid Motors has been working for over 15 years to bring luxury performance EVs to the masses, it truly…
A Cash for Clunkers program would see EV buyers retire their gas cars for a cash incentive rather than a trade-in. Would it be more effective? New research from the MIT Sloan School of Management and the Penn State Smeal College of Business found that it would be.
MIT…
Quick Charge Podcast: May 5, 2022
May 6, 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 is reportedly looking to expand at Gigafactory Berlin with the acquisition of a piece of land adjacent to the plant.
Gigafactory Berlin currently sits on about 300 acres that Tesla acquired for the giant manufacturing project.
Now we learn that Tesla is looking to acquire a 100-acre parcel of land next to its existing property (via RBB24):
The Tesla company is planning to massively expand…
Elon Musk will take over Twitter CEO role, but not for long – we’ve heard this before, haven’t we?
May 5, 2022
Elon Musk will reportedly take over the role of CEO at Twitter after the acquisition is complete, but the plan is to not hold it for long. Where have we heard that before?
When Elon Musk became CEO of Tesla in 2009, it was only supposed to be for a few months until they…
Nikola Q1 2022 results: 11 Tre BEVs delivered, potential orders to sell out the rest of the year
May 5, 2022
Nikola Corporation shared its Q1 results for 2022 and things are looking up. In addition to a small but noteworthy gross profit, the previously ill-famed commercial EV manufacturer began delivering some BEVs and has purchase orders (POs) or letters of intent (LOIs) for…
Battery giant and Tesla supplier CATL falls on limited profits due to higher material costs
May 5, 2022
CATL, the largest EV battery manufacturer and a major supplier for Tesla, saw its stock fall after reporting limited profits due to higher battery material costs.
Contemporary Amperex Technology Co Ltd., better known as CATL, has been the largest producer of batteries for electric vehicles for five years in a row.
In recent years, it grew with Tesla by supplying most of the batteries for the…
Commercial EV manufacturer Volta Trucks has shared a roadmap outlining plans to bring its all-electric Zero trucks to the United States next year. Its strategy will include the 16-ton Volta Zero truck to begin, followed by Class 5 and 6 variants. Additionally, Volta Trucks…
Offshore construction work has officially started for the UK’s Dogger Bank, which will be the world’s largest offshore wind farm, with the installation of the first length of HVDC export cable off the Yorkshire coast. Dogger Bank will also be the first HVDC-connected…
Tesla is going to supply up to 8 MWh of Powerpacks for SpaceX to expand its solar farm at Starbase in Boca Chica. It’s the latest of many collaborations between Tesla and SpaceX.
SpaceX has a solar farm at its Starbase in Boca Chica, Texas. It consists of 1 MW of solar power and 3.87 MWh of energy storage capacity.
New documents uncovered by CNBC show that SpaceX plans to expand the solar…
