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Tesla CEO Elon Musk is to officially join Trump’s administration as the co-head of the new US Department of Government Efficiency – a second federal department with the goal of making government spending more efficient. You can’t get more ironic than that. Throughout the elections, Musk, who is already CEO of Tesla, and SpaceX, a
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Tesla’s stock (TSLA) has surged to a $1 trillion valuation – seemingly over the assumption that the Trump and Musk relationship is going to benefit the automaker. The company is virtually worth more than the next 10 biggest automakers combined. Tesla has extended its post-election rally another 7% this morning – resulting in its valuation
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Battery manufacturer LG Energy Solution just announced that its Arizona subsidiary has signed a long-term supply agreement with US automaker Rivian for 4695 cylindrical batteries. The cells will be produced at LG Energy Solution Arizona’s new standalone US facility beginning next year and will power Rivian’s upcoming R2 BEVs. LG Energy Solution (LGES) is a
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Amnesty International recognized Tesla and Mercedes-Benz for their “human rights diligence” in manufacturing their electric vehicles. There have been concerns about the rise in electric vehicle adoption leading to human rights issues, especially due to the increased need for some metals related to battery production, which are sometimes mined in difficult conditions. The bulk of
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Tesla appears to be doubling down on its new “Oasis” Supercharger station concept, which consists of larger stations powered by solar and a microgrid battery system. Although, this new one is a bit less ambitious. Last month, Tesla announced its “project Oasis” (pictured above), which should become one of Tesla’s largest Supercharger stations with several
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