Tesla’s (TSLA) inventory in the US has reached a new high, which is worrisome at this time in the quarter, and it is pointing to price cuts maybe not working as well as the automaker intended.
Since the beginning of the year, Tesla has consistently reduced prices of its electric vehicles in the US to create more demand.
In some cases, prices were cut by over 20%.
During its earnings call last…
Colorado is considering a regulation that would ban noisy, polluting gas-powered lawnmowers and leafblowers in the state as of 2025. It’s similar to a California rule which goes into place in 2024, but Colorado’s goes even further and would ban government and commercial…
Second-generation Xos Hub mobile charger is smaller, more powerful, and can charge 5 EVs at once
April 28, 2023
Commercial EV startup and fleet services provider Xos, Inc. has unveiled the second generation of the Xos Hub – a mobile charging station that can provide quick, sustainable energy access to fleets and passenger EVs. Xos’ second iteration of the Hub is significantly…
Tesla says Elon Musk's statements on self-driving 'might have been deep fakes' in bizarre defense
April 28, 2023
Tesla has decided to use a bizarre defense in a lawsuit brought by the family of a Tesla owner who died in an accident while using Autopilot a few years ago.
The automaker claimed that CEO Elon Musk shouldn’t be made available to explain some of his statements on self-driving because some of the public comments might have been “deep fakes.”
The lawsuit revolves around the death of Walter…
Cybercriminals have reportedly breached AT&T email accounts and are using the access gained to steal crypto assets from their victims. While a spokesperson for AT&T has denied claims that hackers have gained access to the company’s internal systems, a report…
Coinbase Shares Wells Response, Challenges SEC's Change in Attitude Towards Its Core Businesses
April 28, 2023
On April 27, Coinbase, the crypto exchange based in San Francisco, made public the disclosure of its response to the Wells notice it had received from the U.S. Securities and Exchange Commission (SEC) back in March. The company maintained that the regulatory body’s…
Quick Charge Podcast: April 26, 2023
April 27, 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 Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee new episodes are delivered as…
Boeing’s tanker losses top $7 billion
April 27, 2023
WASHINGTON — Boeing reported a $245 million charge on the KC-46A Pegasus tanker in the first quarter of 2023, due to a supplier’s quality issues.
The penalty means the KC-46 has now racked up more than $7 billion in charges, and follow a $1.2 billion hit the company took…
South Korean President Yoon Suk Yeol met with Tesla CEO Elon Musk in Washington, D.C., today during a six-day visit to the US. The meeting was at Musk’s request to discuss the possibility of building a Tesla Gigafactory in Korea.
Yonhap, a Korean news agency, summarized…
NASHVILLE, Tenn. — Boeing hopes Congress will fund more CH-47F Block II Chinook helicopters for the Army in the fiscal 2024 budget — against the service’s wishes — in order to keep the company’s production line busy. But the service’s acquisition chief said in a recent hearing that Germany’s plan to buy the aircraft should be enough to support Boeing and avoid the Army having to buy…
