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VW has confirmed the upcoming ID.4 electric SUV’s towing capacity in a new video showing the utility performance of the vehicle. Over the last month, VW has been hyping the launch of the ID.4 electric SUV by gradually releasing more information about the vehicle. Most recently, we got our first look at the ID.4’s interior and VW started production in Germany. Now the German automaker is out…

Tesla’s stock (TSLA) is crashing today as the automaker announces that it has already completed its $5 billion capital raise. Last week, Tesla announced plans to raise $5.0 billion in an “at-the-market” offering. Now a week later, the company already confirms that it sold all the shares with the final settlement expected to go through tomorrow: “On September 4, 2020, Tesla, Inc.

South Korean President Moon Jae-in announced virtually, at the first International Day of Clean Air for Blue Skies, that in a $17 billion investment, the country will boost the number of electric cars from the current 110,000 to 1.13 million by 2025, and increase the number of hydrogen vehicles from 8,000 to 200,000. Seoul’s environment ministry said it will achieve this massive green-car…

VW CEO Hebert Diess revealed that after having Elon Musk test drive the ID.3, he himself test-drove the Tesla Model Y, which he says is a “reference” car for the German automaker. Much has been said about the meeting between Tesla CEO Elon Musk and VW Hebert Diess last week. Yesterday, the latter confirmed that there’s no deal in the making between the two automakers and that it was…