Revel, the EV charging company known for its high-speed chargers in and around New York City, started its West Coast expansion today with 12 320kW chargers in San Francisco, and more to come soon.
Tesla (TSLA) surged 10% this morning, fueled by money from retail investors on President Trump, White House officials, and CEO Elon Musk pumping the stock.
It is sending Tesla’s price-to-earning ratio back up to record highs, which Musk warned could lead to the stock crashing “like a soufflé being smashed by a sledgehammer.”
Chinese air taxi company EHang has established a new joint venture with JAC Motors to fund construction of a production facility for its eVTOL aircraft following the company’s first unmanned urban eVTOL flight test in Spain – the first such milestone in Europe.
The South Korean auto giant has no plans to slow down in the US. Hyundai will reportedly announce another $20 billion investment in the US later today. The funds will help boost local production, including a new steel plant for its upcoming EVs. President Donald Trump and Hyundai are expected to announce the new US investment later today.
China’s BYD beat estimates after sales topped the $100 billion mark for the first time last year. Even with lower-priced vehicles, China’s largest EV maker’s revenue climbed nearly 30%, enough to beat out Tesla. With a slate of new luxury models, SUVs, electric supercars, and smart technology rolling out, 2025 could be even bigger.
Electra first showed off its zero emission eSTOL (electric Short Take Off and Landing) aircraft concept back in 2021. After a proof-of-concept prototype that exceeded nearly every initial promise, the company seems to have a surprise, $9 billion hit on its hands!
Morgan Stanley analyst Adam Jonas, often described as Tesla’s (TSLA) biggest cheerleader on Wall Street, just slashed his delivery estimate for the automaker by 300,000 units.
And yet, he still thinks the stock is going to double.
Tesla had to roll back its ‘Full Self-Driving’ free trial in China after a policy change brought more scrutiny to software updates for advanced driver assist systems.
Global energy demand spiked in 2024, driven largely by surging electricity use, according to a new report released today by the International Energy Agency (IEA). Electricity consumption jumped by nearly 1,100 terawatt-hours – a hefty 4.3% increase – nearly twice the annual average growth of the past decade.
This dramatic rise was largely fueled by the electrification of transportation, record-breaking global temperatures that ramped up cooling needs, coupled with increased industrial activity, and growing energy demand from data centers and AI applications.
We already know that BMW closed off 2024 with a banner year for its electrified “i” models – but it took a while for the larger picture to become clear. Not only is BMW succeeding with EVs, the Bavarians are outselling their two closest competitors combined. (!)