Electric Cars

Elon Musk, the CEO of Tesla, successfully made it to unprecedented heights by qualifying for $2.1 billion in stocks. As the company decided to lower the price of the Tesla Model 3 electric car, the sales have increased tremendously. Tesla's shares have surged...

Is it the right time to say goodbye to the traditional fossil fuel car models and welcome eco-friendly electric cars? Well, yes. At first, people were resistant to buying them because of power constraints and battery maintenance. But thanks to the noteworthy technological...

Tesla, an electric car artificer, has managed to beat delivery expectations, of many analysts who predicted lower quarterly sales, by selling approximately 88,400 cars in the first quarter of 2020. Navigating the analyst's prediction wrong, Tesla successfully produced 102,672 vehicles so far in...

Elon Musk, CEO of SpaceX and Tesla, says that he will reopen the Buffalo, New York, factory for the production of ventilators to help the people of New York to fight against the coronavirus pandemic. Tesla is already working with the medical...

The novel coronavirus COVID-19 so far has a devastating impact on the U.S. and many other state's economies. As all the affected countries are trying to stem the spread of the virus, life seems to be slowly grinding to a halt. This grind...

Tesla, the electric car maker, said that it is hanging on its production in its Fremont and New York factories from Monday, March 23, due to the growing pressure from the local health authorities to shut down to break off the spread of...

Netherlands government has announced to give its citizens a sum of up to €4000 (about $4400) to buy an electric vehicle. The Dutch news organization RTL says that every citizen who buys an electric car after July 1, 2020, will get €4000 for in case...

Sony has revealed Vision-S, an electric concept car at the Consumer Electronics Show (CES) 2020 in Las Vegas. The surprised prototype car is designed to prove the company’s interest in the power of creativity and technology. Following “getting closer to people”, Sony announced...

Volkswagen is targeting the European auto market with electric vehicles. Freshly, The German Automobile manufacturer is aiming to be top of the range in the battery-powered vehicle market by 2025. “Our new overall plan for 1.5 electric cars in 2025 shows that people want...

A group of Chinese banks has agreed to provide a loan to Tesla Inc. of more than 10 billion yuan ($1.4 billion), a five-year loan facility, to help further set up the gigafactory in Shanghai, China. China Construction Bank (CCB), Agricultural Bank of China (AgBank), Industrial...