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Nikola Agrees To Pay $125 Million Fine To Settle SEC Fraud Charges

Company says it will seek reimbursement from founder Trevor Milton, considered largely responsible for the fine.

Dec 22 2021 -

Cruise CEO Dan Ammann Leaves GM's Self-Driving Car Company

Ammann's departure is the second high-profile loss for GM in a matter of days after Pam Fletcher's move to Delta Air Lines.

Dec 17 2021 -

GM Head Of Innovation Pamela Fletcher Leaving For Delta Air Lines

A former GM Vice President for Electric Vehicles, Fletcher led the teams that launched the Chevrolet Volt and Bolt EV.

Dec 16 2021 -

Tesla Gains Massive Brand Value In 2021, Soars Over Top Brands

Tesla's brand value has skyrocketed 184% year-over-year in 2021 alone.

Dec 14 2021 -

LG Energy Solution IPO Approved For January 2022

The company might raise as much as nearly $11 billion.

Dec 14 2021 -

Diess Stays On As VW Group CEO With Reduced Responsibilities

Diess loses responsibility for China and global sales, gets to oversee the CARIAD software division.

Dec 9 2021 -

Lucid Elects Bank Of America As Preferred Lender For Financing

This means Lucid buyers will be able to apply for financial services through Lucid via Bank of America.

Dec 9 2021 -

Porsche IPO On The Table As VW Group Seeks Funding For EV, AV Shift

The luxury sports car maker could be valued at up to $100 billion.

Dec 8 2021 -

Elon Musk Says Senate Shouldn't Pass Build Back Better

His reasoning is that subsidies shouldn't exist, and he insists government should stop subsidizing oil and gas.

Dec 7 2021 -

Lucid Received SEC Subpoena Related To Investigation Of SPAC Deal

Tesla CEO Elon Musk warned about these SPAC mergers, and several companies have already run into trouble.

Dec 6 2021 -

Tesla Is Now Officially Headquartered In Austin, Texas

As of December 1, 2021, Tesla's new corporate headquarters is located on the massive Gigafactory Texas site.

Dec 2 2021 -

Germany: Tesla Withdraws Application For Battery Plant Subsidies

The company could potentially get €1.14 billion ($1.28 billion) in EU funding for the battery factory at the Giga Berlin site.

Nov 26 2021 -

IONITY Gets €700 Million Investment To Add 5,000 Chargers By 2025

The existing automotive shareholders were joined by BlackRock’s Global Renewable Power platform.

Nov 24 2021 -

Enphase Energy To Acquire ClipperCreek

The EV charging pioneer has sold more than 110,000 Level 2 AC charging stations since 2006.

Nov 19 2021 -

Lucid Tops Ford's Market Cap, CEO Hoping For Tesla-Like Valuation

Rawlinson believes Lucid's rise proves it is now being valued more like Tesla and less like a conventional carmaker.

Nov 17 2021 -

JPMorgan Sues Tesla For $162 Million Related To Musk's Tweets

JPMorgan Chase says Tesla owes it either stock or cash based on earlier stock warrants.

Nov 16 2021 -

Lucid Reports Q3 2021 Results: Reservations Surge Beyond 17,000

The company highlights business and financial results.

Nov 15 2021 -

Elon Musk Says Tesla Stock Sale Is Designed For Tax Maximization

As unusual as that may sound, the Tesla CEO is apparently looking to pay more in taxes.

Nov 15 2021 -

Lordstown Endurance Delayed Until Q3 2022, Plant Sold To Foxconn

The company reports net losses of $95.8 million and starts building a fleet of 100 pre-production pickups.

Nov 12 2021 -

Elon Musk Offloads $5 Billion Worth Of Stock, Will He Sell More?

The 4.5 million shares he sold make up only 25% of the 17 million shares he pledged to sell in a Twitter poll.

Nov 12 2021 -

Former GM Lordstown Complex Will Be Acquired By Foxconn

The Taiwanese group has entered into a definitive agreement and strategic partnership with Lordstown Motors.

Nov 11 2021 -

Rivian Raises $11.9 Billion In Biggest IPO Of The Year

Rivian sold 153 million shares at $78 per share; based on the share count, the company is now valued at about $76.4 billion.

Nov 10 2021 -

Cadillac Losing 30% Of US Dealerships By Going All-In On EVs

GM’s luxury brand will enter 2022 with 560 dealerships, down from 875 at the beginning of 2021.

Nov 9 2021 -

Samsung SDI Sales And Profits Up In Q3 2021

The company expects further growth in Q4.

Nov 8 2021 -