Electric Vehicles
Last month, XL Fleet, a provider of vehicle electrification solutions, announced plans to go public through a merger with Pivotal Investment Corporation II, a special purpose acquisition company. [more]
According to a report by Bloomberg News on Monday, Nikola is currently under investigation by the SEC for false claims brought to light by Hindenburg Research, an activist short-seller research firm, who accused Trevor Milton, founder of Nikola, of fraud related to misinformation on Nikola’s technological capabilities and product offerings. [more]
Revenue for Tesla was US$6.0B in Q2, up 1% Q/Q but down 5% Y/Year. During the earnings’ call, Elon Musk announced that the next Tesla factory will be built near Austin, Texas and asked any mining companies to mine more nickel and that “Tesla will give you a giant contract for a long period of time.” [more]
Tesla Q4/2019 Earnings Beat Consensus Estimate, GM Invests $2.2B into EVs, and UPS buys 10,000 EVs. [more]
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