Latest news about Elon Musk, from his groundbreaking ventures like Tesla, SpaceX, and Neuralink
General Motors (GM) has paused production of its BrightDrop electric delivery vans at its CAMI Assembly plant in Ingersoll, Ontario, citing softer-than-expected demand. The halt temporarily lays off 1,200 workers and is set to last until October 2025. General Motors attributes the pause to a need to adjust its BrightDrop inventory and make production meet … Read more
Global electric vehicle (EV) sales climbed up by 29% in March 2025, driven by robust growth in China and Europe, according to Rho Motion data. The figures highlight a resilient EV market despite trade tensions and policy shifts. Total sales of battery-electric vehicles (BEVs) and plug-in hybrids (PHEVs) reached 1.7 million units globally. China led … Read more
Analysts have cut Rivian price targets (PT) amid concerns over President Trump’s tariffs. Baird is the latest investment firm to cut its Rivian price target. Baird analysts slashed Rivian’s PT from $16 to $14 while maintaining a Neutral rating ahead of the electric vehicle (EV) maker’s Q1 2025 earnings. Baird’s downgrade reflects caution in the … Read more
Italy’s potential Starlink contract has sparked debate, with Defence Minister Guido Crosetto urging a focus on technical merits rather than Elon Musk’s political ties. Starlink’s proposed $1.6 billion, five-year deal with Italy remains paused amid polarized reactions. Crosetto, a senior member of Prime Minister Giorgia Meloni’s Brothers of Italy party, emphasized a neutral stance when … Read more
Wedbush analyst Dan Ives recently shared his thoughts about Tesla (NASDAQ:TSLA) amidst the Trump administration’s tariffs. As per Ives, Tesla is best-positioned relative to its rivals when it comes to the ongoing tariff issue. Ives has a price target of $315 per share for the electric vehicle maker. Best Positioned During an interview with Yahoo … Read more
Chip manufacturer Nvidia has officially started production of AI supercomputers at multiple U.S. factories operated through partnerships, marking the first such hardware to be built within the country. On Monday, Nvidia announced that its Blackwell chips have begun production at a factory operated in partnership with TSMC in Phoenix, Arizona, as detailed in a press … Read more
Starlink-somalia-expansion-worldwide Starlink launched in Somalia with government approval, expanding its global reach despite some Elon Musk backlash. Over the weekend, Elon Musk announced that SpaceX’s Starlink internet service went live in Somalia after a Somalian government official confirmed the company secured an operating license. The rollout marks a milestone for internet access in a nation … Read more
Recent data has shown that Tesla’s Model Y and Model 3 remained the top-selling electric vehicle (EV) models in the U.S. in the first quarter, despite a decline in overall sales in the market. As detailed in the latest Kelley Blue Book EV sales report, shared by Cox Automotive on Thursday, Tesla’s Model Y and … Read more
Electric vehicles like Tesla have become very common today, but this does not mean that they are immune to misinformation campaigns. One of these points of FUD (fear, uncertainty, and doubt) relates to EVs’ alleged electromagnetic radiation, which is supposedly a potential heath risk. As per the China Automotive Research Institute, however, Teslas are not … Read more
A recent report has revealed the latest estimates on electric vehicle (EV) sales for the first quarter of the year, with Tesla and Ford landing the top two spots, while GM’s brands saw the most sales growth. On Thursday, Cox Automotive released data estimates for the U.S. EV market in Q1 2025, showing that Tesla remained … Read more