Electric Car

Elon Musk has performed a sudden U-turn on bitcoin over concerns about its energy usage, and says his electric car firm Tesla will no longer accept the cryptocurrency as payment – but will his decision have an impact, and could Tesla turn to an alternative currency? Tesla bet big on…

Ford Motor Company’s new $11 billion manufacturing plan, the biggest component of which will sit just outside Memphis, is part of a much bigger effort to put the U.S. at the center of the electric vehicle revolution, executive chairman Bill Ford says. The big picture: Ford’s plans — for enormous…

China Evergrande Group’s electric car unit has terminated plans for a maiden mainland share offering amid concerns over the fate of the embattled parent, which is fast running out of cash. China Evergrande New Energy Vehicle Group, which at its April peak was more valuable than Ford Motor despite having yet…

Evergrande boss Xu Jiayin appeared confident in his car startup not too long ago New signs of liquidity pressure on China Evergrande Group emerged late Friday night when the collapsing mainland developer’s electric car unit warned that it would need to find new sources of capital in order to continue…

Chemists have discovered four new materials based on ideas generated from a neural network, according to research published in Nature. Uncovering new materials is challenging. Scientists have to search for combinations of molecules that lead to useful compounds that can be manufactured. Traditional methods rely on fiddling around with known…

Jaco Van Der Merwe Similar to the way you pulled the little slot car’s trigger on the lounge carpet, this electric car sets off instantly. Shooting Brake styled Taycan also comes with off-road inspired cues. The saying goes that boys never grow up. It's merely a case of them getting…

Would you like to pay $2 a gallon — or a lot less — for gas? If you drove an electric car, that’s the equivalent of what you would pay for the electricity to charge the battery. NerdWallet - NerdWallet That estimate comes from Southern California Edison, the power company…

In today’s roundup of regional news headlines, China Evergrande reaches an agreement with onshore bondholders to avoid default, while the beleaguered developer’s electric car unit tries to boost morale by dishing out stock options to staff. In non-Evergrande news, China’s housing regulator is trying to end discount schemes amidst a…

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Bitcoin News Tesla Reported No Changes in Digital Assets in Q2 But Recorded A Bitcoin-Related Impairment of $23 Million AnTyJuly 27, 2021Tesla has posted a bigger second-quarter profit than expected, and unlike the Q1, this time, there were no changes in digital assets. As the CEO of the electric car…