Tesla's Cybertruck is the object of endless speculation. Sci-fi vehicle, some enthused fans of Tesla and CEO Elon Musk say. Since its introduction in November 2019 at a promotional event in Los Angeles, the Cybertruck has captured the hearts of Tesla fans.
Ford’s move to cut prices of its Mustang Mach-E in order to compete better with Tesla’s Model Y wasn’t a surprise. However Ford’s move differs from Tesla’s in one key way - it may offer financial benefits, even cash, for new owners who missed out on the price cut.
Shares of hydrogen fuel cell star Plug Power (NASDAQ: PLUG) jumped 4.7% through 11:45 a.m. ET Tuesday morning after the company secured a long-term supply agreement with British hydrogen technologies company Johnson Matthey (LSE: JMAT). Under the terms of the agreement, Johnson Matthey will supply Plug with components for membrane electrode assemblies and specifically with "catalysts, membranes, and catalyst coated membranes (CCM)" -- essential parts for building fuel cells. Plug says that partnering with Johnson Matthey will "strengthen its supply chain and help meet the growing demand for fuel cells and electrolyzers."
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Rivian can not catch a break. The electric vehicle manufacturer is letting go of 6% of its workforce to cut back on costs as the company failed to meet production goals. CEO RJ Scaringe said Rivian's focus on efficiency needs to be a "core objective," according to an email that employees received and was viewed by CNBC.
As markets wait with bated breath for news of the next Federal Reserve interest rate hike (will it be 0.25% or 0.5%? Place your bets now!), one group of investors in particular isn't standing around and waiting to see which way the interest rate winds will blow. As of 11:35 a.m. ET, shares of Lucid Group (NASDAQ: LCID) are down 3.2% -- making today its third straight day of losses.
The boss of BP wants to “dial back” its push into clean energy after US oil giants posted record profits on the back of booming demand for fossil fuels.
January EV sales in China look miserable. Tesla investors should prepare for a weak number when industry data providers release its wholesale delivery figure.
Enphase's (ENPH) residential energy system demand fortifies in Brazil as homeowners hunt for a reliable and sustainable product for energy savings.
(Reuters) -President Joe Biden's administration said on Wednesday it would support a scaled-back version of ConocoPhillips' planned $6 billion Willow oil and gas drilling project in Alaska but has not yet made a final decision on the contentious proposal. The Willow project's fate is being closely watched by both the oil and gas industry and environmental groups as Biden seeks to balance his goal of fighting climate change with calls to increase domestic fuel supplies to keep prices down.
Amazon (NASDAQ: AMZN) grew its renewable energy portfolio by 8.3 gigawatts (GW) in 2022. With those purchases, Amazon remains the largest corporate buyer of renewable energy, a title it has held since 2020. The company continues to make new investments, positioning it to achieve its renewable energy goal well ahead of schedule.
The Tesla founder's ownership of Twitter could pose risks for him, just as Ford's ownership of a newspaper created controversy.
India on Wednesday said it will raise taxes on imported cars and motorbikes, including electric vehicles (EVs), as it seeks to boost local manufacturing in line with Prime Minister Narendra Modi's "Make in India" campaign ahead of elections in 2024. All vehicles with a landed cost of less than $40,000 will be taxed at 70%, up from 60% earlier, a move analysts say could impact demand. The landed cost includes the vehicle's price tag plus insurance and freight costs.
Deere & Company (NYSE: DE) released its 2022 Sustainability Report, outlining the company's progress toward delivering more sustainable solutions for customers, employees, dealers, suppliers, shareholders, and supported communities.
Norwegian electric car owners have a word for the way they feel when they look nervously at their battery indicators while driving in subfreezing weather: "rekkevideangst", or "range anxiety".With temperatures often falling below zero, rugged terrain and long stretches of remote roads, Norway may not seem like the most ideal place to drive an electric car, whose battery dies faster in cold weather.
The herd caused traffic delays for drivers as they crossed multiple roads.
What an absolute beauty!
Heavy snowfall has depleted regular food sources in the mountains and caused wildlife to venture into urban areas in search of food.
Airbus agreed to revive orders for close to 75 aircraft from Qatar Airways after reaching a settlement with the Middle East airline over a dispute about chipping paint on its A350 wide-body models.
Florida’s highway drivers might see an end to left-lane cruisers if a bill filed in the State Capitol Becomes law, but the bill is sparking some mixed reactions.