Tesla Chief Executive Elon Musk plans to award $100 million for the “best carbon capture technology.” Musk announced the plan for the prize Thursday in a tweet, saying more details will come next week. Carbon-capture could be an interesting tool to combat climate change. The idea is counter to many methods today that aim to reduce…
Rivian, which is expected to deliver its debut EV this year, announced it has added $2.65 billion to its war chest. The company has attracted $8 billion in investment since 2019. The financing was led by funds and accounts advised by T. Rowe Price Associates, Inc. and included Fidelity Management and Research Company, Amazon’s Climate…
GM is considering building a family of all-electric vehicles with Corvette badging, according to a report from Bloomberg. According to the report: GM has designers working on several Corvette-brand concept vehicles that target a wider range of buyers, said the people, who asked not to be named because the plan has not been publicly unveiled….
Tesla has released a new video that teases its battery manufacturing efforts in an effort to recruit talent to its cell team. The video shows mesmerizing shots of Tesla’s battery cells moving through the production process. The music of Don Hinton’s 1960 tune “Honey Bee” accompanies the images, including the lyrics “You gave me a…
A new report says that Apple and Hyundai Motor Co. have agreed to partner on an autonomous all-electric car. Korea IT News first reported the potential partnership, which would aim to put a vehicle into production by 2024. Apple has been working on a car project since as early as 2014. Dubbed “Project Titan,” the…
Tesla is ramping up its efforts to design and build vehicles specifically for the Chinese market, according to a Reuters report. The company is currently looking to hire a director in China to lead a “full-function” studio in Shanghai or Beijing. Candidates have been interviewed by Tesla’s global design chief Franz von Holzhausen, according to…
Tesla is now offering a cheaper version of the Model Y crossover priced at $43,190. The price comes in as $4,000 more than the base Model 3. The new variant will offer an estimated 244 miles of range, about 100 miles less than the Long Range version. The Standard Range Model Y will also feature…
Tesla Chief Executive Elon Musk is now the richest person in the world. With a net worth of more than $185 billion, Musk has bested Amazon founder Jeff Bezos who has a worth of about $184 billion. It’s been a brave journey for Musk, who was willing to wager his own $180 million proceeds from…
SpaceX has announced its first launch of 2021 is on track for Thursday, January 7th. The mission is being conducted by Turksat, a state-supported satellite operator in Turkey. The mission was originally scheduled for January 4th. The Falcon 9 being flown in the mission will be making its fourth flight in just six months, the first…
A Tesla owner has posted a video that shows his Tesla Model 3 making a six-hour drive without any human intervention. YouTuber Whole Mars Catalog shared the video of his Full Self Driving-equipped Model 3 traveling from SpaceX headquarters in Los Angeles to Silicon Valley. The owner says the only human interaction with the car…
