VinFast Auto has formed a business combination agreement with Black Spade Acquisition Co. in hopes of finally achieving that IPO in the US it has been promising for years. If and when the transaction is complete, VinFast is expected be listed on the US stock market at an equity value over $23 billion.
In true VinFast fashion, the automotive brand of parent conglomerate VinGroup is spinning…
WASHINGTON — If the Air Force has to fight a major adversary such as China in years to come, a top general said, it must bring “mass” in its airpower — without breaking the bank.
But piloted fighters alone won’t be enough to maintain the United States’ prized air…
Tesla announced that it won’t be producing Model S and Model X vehicles in right-hand-drive configuration any longer.
Many Tesla Model S and Model X buyers in right-hand-drive markets woke up to a bad surprise today.
Tesla told them that they either canceled their orders…
Tesla has relaunched its referral program, now called Loyalty Program, for its electric cars rather than just solar products. As part of it, you can now win a Cybertruck.
Tesla doesn’t like to spend on marketing or advertising, and instead, relies on its user base to promote its vehicles and reward them in the process. Or at least, it used to.
At the core of the referral program, new buyers can…
Quick Charge Podcast: May 11, 2023
May 13, 2023
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…
Sleeping Bitcoin Wallet Awakens: $3.7M Worth of BTC Suddenly Moves After Close to 12 Years of Dormancy
May 13, 2023
On May 11, 2023, a long-inactive bitcoin wallet sprang to life and transferred a substantial 139.7 bitcoin worth $3.7 million. The address, established on June 19, 2011, has contributed to the year’s total of 1,125.37 bitcoin moved from dormant 2010 and 2011 wallets.
139.7…
Bitcoin fell to a seven-week low on May 12, as prices dropped below the $27,000 level in today’s session. Friday’s decline came as a red wave swept through cryptocurrencies, with the market cap down 2.75% as of writing. Ethereum also slipped to its weakest point since March.
Bitcoin
Bitcoin () dropped below the $27,000 level in today’s session, pushing prices to a seven-week low.
Following…
Ethereum had issues processing transactions on May 11, 2023, at around 4:13 p.m. Eastern Time on Thursday, and transaction finality issues lasted for roughly 25 minutes. Currently, developers do not know what caused the issue and the blockchain is now running normally.
New footage of a refreshed Tesla Model 3 has leaked, giving a peek at the interior for the first time – including a new steering wheel.
Late last year, we started hearing rumors that Tesla was working on a Model 3 refresh that would come during the second half of 2023.
The competition between the world’s largest EV makers is about to heat up. According to a new report, BYD is set to unveil a new advanced driver assistance system (ADAS) later this year that will rival Tesla’s Autopilot.
While Tesla delivered another record 422,875 vehicles in the first quarter, maintaining its hold on the US EV market, BYD continued its dominance in China.
BYD delivered…
