electric

Tesla aims to Reduce Cobalt Dependency in Batteries

Tesla aims to Reduce Cobalt Dependency in Batteries

The most extensive problem facing electric cars is the availability of cobalt, which is used in lithium-ion batteries to build stability and increase safety. However, Panasonic, Tesla Inc. (NASDAQ: TSLA) battery supplier and partner in the Nevada Gi..

GE to Merge Rail Division with Wabtec in $11 Billion Deal

GE to Merge Rail Division with Wabtec in $11 Billion Deal

General Electric Co.’s (NYSE: GE) transportation unit and Wabtec Corporation (NYSE: WAB) announced a merger deal valued at approximately $11.1 billion. The transaction will make Wabtec a Fortune 500 as well as establishing itself as a global l..

Nikola Motors sues Tesla for $2 billion for alleged patent infringement

Nikola Motors sues Tesla for $2 billion for alleged patent infringement

Nikola Motor Co. filed a lawsuit on Tuesday against Tesla Inc. (NASDAQ: TSLA) alleging design patent infringements. Nikola is seeking approximately $2 billion in damages.Nikola said in court filings that Tesla’s electric Semi is “substan..

Tesla Shares Rise on Elon Musk's Forecast of Profitability in Q3

Tesla Shares Rise on Elon Musk's Forecast of Profitability in Q3

Tesla Inc. (NASDAQ: TSLA) Elon Musk tweeted early Friday morning that he expects the company to be profitable and have cash flow in the third and fourth quarter this year. Tesla shares rose by 3.2 percent at the opening bell.“The Economis..

Tesla aims to begin Model Y production in November 2019

Tesla aims to begin Model Y production in November 2019

Tesla Inc. (NASDAQ: TSLA) is reportedly targeting November 2019 to begin production of its Model Y sport utility vehicle, a SUV crossover of the Model 3, with production in China beginning two years later, two source told Reuters.Reuters learne..

Tesla Shares Rise on Stronger than Expected Q1 Vehicle Production

Tesla Shares Rise on Stronger than Expected Q1 Vehicle Production

Tesla Inc. (NASDAQ: TSLA) shares rose by over 7 percent during Tuesday’s pre-market hours after the electric vehicle manufacturer reported stronger than expected first quarter vehicle production numbers.In the first quarter, Tesla produced 34,..

Tesla Shareholders Back Elon Musk in $2.6 Billion Pay Package

Tesla Shareholders Back Elon Musk in $2.6 Billion Pay Package

Two of Tesla Inc. (NASDAQ: TSLA) shareholders are supporting a plan to award Elon Musk, CEO of Tesla, a compensation package valued at approximately $2.6 billion. The award is to prove that the electric vehicle manufacturer can keep Musk as CEO..