Lucid Motors secures $1 billion from Saudi wealth fund to launch the Air

Saudi Arabia’s sovereign wealth fund is investing $1 billion into Lucid Motors, capital that will finance the commercial launch of the startup’s first electric vehicle. The agreement comes just six weeks after Tesla CEO Elon Musk tweeted that he was considering taking Tesla private at $420 a share and had secured the proper funding to […]

ChargePoint is adding 2.5M electric vehicle chargers over the next 7 years

Electric vehicles still make up just a fraction of the cars, trucks and SUVs on the road today. But that’s changing: The number of electric and plug-in hybrid cars on the world’s roads exceeded 3 million in 2017. By 2025, there are expected to be 20 million electric vehicles in just North America and Europe. […]

Chinese electric vehicle maker Nio makes bumpy start following $1B IPO

Nio, the Tesla -wannabe electric vehicle firm from China, enjoyed a mixed start to life as a public company after it raised $1 billion through a listing on the New York Stock Exchange on Wednesday. The firm went public at $6.26 — just one cent above the bottom of its pricing range — meaning that […]

Chinese Tesla rival Nio trims IPO target: now aims to raise up to $1.5B

The U.S. IPO window may be wide open for Chinese tech firms, but electric vehicle maker Nio has conservatively cut the target for its NYSE listing to $1.5 billion after it released a price range for its shares. The company plans to sell 184 million shares between $6.25-$8.25. That range would yield a total raise […]

Tesla’s sleek wireless smartphone charger will soon be available again

Last month Tesla introduced a limited edition smartphone charger. Even though it was overpriced and slow, the charger quickly sold out. Now Tesla says the charger will soon be available again and at a lower price. The charger features 6,000mAh of juice and 5W of wireless output charging and 7.5W through USB. The first time around, […]

Hating the wrong tech people for the right reasons

The slings and arrows aimed at tech’s titans these days are almost too numerous to count. Jeff Bezos: squandering money on space while exploiting warehouse employees. Mark Zuckerberg: complicit in everything from genocide to the death of democracy. Larry Page and Sergey Brin: in bed with China and the military. Elon Musk: where even to […]

Chinese Tesla rival Nio files to raise $1.8 billion in US IPO

Tesla may be looking to go private, but Chinese rival Nio is going the other way after it filed to raise $1.8 billion in an IPO on the New York Stock Exchange. Nio was started in 2014, initially as NextCar, by Bin Li, an entrepreneur who founded online automotive services platform Bitauto. The company is backed by Chinese […]

Apple hints at plan to build a car after all as it rehires ex-Tesla engineering head

If you’re looking for hints that Apple might deliver on its long-rumored plan to develop its own car, a significant one landed this week after it emerged that Doug Field — Apple’s former VP of Mac hardware engineering — has rejoined from the company after a spell with Tesla . John Gruber at Daring Fireball […]

Is insurance a rich enough game to disrupt?

Martha Notaras Contributor For the last decade, the largest technology companies have increasingly looked outside of tech to grow their operations. From automotive to retail to groceries, these companies use massive competitive advantages in the form of data, consumer relationships and software engineers to fundamentally change markets. Now, companies like Apple and Google and Amazon […]

Tesla adds autonomous parking mode to Model 3

The Model 3 can now park itself. Called Summon, the feature is now available on the company’s new sedan. It’s a clever feature that takes advantage of the vehicle’s connectivity and autonomous driving capabilities. With Summon owners can command their Model 3 to pull into a parking spot and power down. It can even control […]