Milton ‘engaged in a fraudulent scheme to deceive retail investors’ for his own personal benefit, according to the federal indictment unsealed by U.S. Attorney’s Office in Manhattan.
Ford expects semiconductor rebound, new vehicle demand to increase 2021 profits
Despite semiconductor shortages peaking during the second quarter of 2021, Ford says it delivered better-than-expected operating results by leveraging strong demand for new vehicles, like its Bronco SUV, according to its most recent earnings report. In April, Ford had expected to lose about 50% of its planned Q2 production, resulting in a profit loss for […]
Ford F-150 Lightning electric pickup reservations surpass 120,000
Ford and its F-150 pickup, the automaker’s best-selling vehicle, have consistently inspired brand loyalty from pickup truck owners. According to the J.D. Power 2020 U.S. Automotive Brand Loyalty Study, Ford has a 54.3% loyalty rate. Now as the automaker moves to electrify its fleet, it seems to be bringing in fresh buyers. Ford released Wednesday […]
Drivers for Elon Musk’s Loop get a script about their ‘great leader’
Ask ‘Do you like working for him?’ and you’ll get a response that could have come straight from North Korea: ‘Yup, he’s a great leader! He motivates us to do great work.’
Fisker invests in EV charging network Allego’s SPAC merger
Fisker is investing $10 million in private-investment-in-public equity (PIPE) funding for the merger of Allego and special purpose acquisition company Spartan Acquisition Corp III.
Calgary’s parking authority exposed drivers’ personal data and tickets
A review of the logs by TechCrunch found contact information, details of parking tickets and parking offenses, and some partial card payment numbers and expiry dates.
What Tesla’s bet on iron-based batteries means for manufacturers
Elon Musk mused that Tesla’s batteries may eventually be two-thirds iron-based and one-third nickel-based across its products. ‘And this is actually good because there’s plenty of iron in the world.’
Redwood Materials raises $700M to expand its battery recycling operation
The company’s post-funding valuation is $3.7 billion, according to a source familiar with the investment round.
Onto raises $175 million in Series B to expand EV subscription service in the UK
Onto has raised $175 million in a combined equity and debt Series B round, capital the U.K.-based electric vehicle subscription startup plans to use to expand within the country as well as move into new markets. This latest round brings Onto’s total funding to $245 million. Swedish VC Alfvén & Didrikson is leading the round […]
Tesla delays Semi truck to 2022; Cybertruck back-burnered for Model Y
Tesla CEO Elon Musk has warned about battery supply constraints before and the effect it might have on the Tesla Semi. That warning was apparently warranted.