Nikola Corp, a company that once had investors and analysts buzzing, has taken a big step. They've filed for Chapter 11 bankruptcy protection. This means they're having a tough time keeping their business going. They couldn't find a buyer or get more money to keep running. Nikola's CEO, Steve Girs
Tesla is facing a tough time with sales dropping for the first time ever. This isn't a big deal for most companies, but Tesla had been growing super fast. In 2023, sales went down by 1% and in January 2024, sales were down 24% from December 2023. This isn't surprising because Tesla usually has a big
Governments around the world have been pushing to boost the development and sales of Pure Electric Vehicles (PEVs) through research and development (R&D) subsidies. However, there's a big problem. Consumer anxiety is a major roadblock, significantly slowing down PEV sales and making these policies l
In today's world, making transportation greener is a big deal. Governments are pushing for cleaner technologies to cut down on pollution and climate change. But even electric vehicles aren't perfect. They still need to tackle issues like limited range and long charging times. One way to make electri
In a surprising turn of events, three major Japanese car companies—Honda, Nissan, and Mitsubishi—have decided to end their discussions about merging. This decision came after Nissan's top executive, Makoto Uchida, expressed concerns about the potential merger's impact on Nissan's future. Uchida felt
There are plans for a new electric car, OK so this is the deal; it sells itself so you can make the purchases in app and drive away almost instantly. That's what the man behind Volkswagen- backed Scout Motors had in mind anyway for a plant in South Carolina, Massachusetts
Well, here’s the scoop. In a surprising move, the current administration has just decided to put the National Electric Vehicle Infrastructure (NEVI) program. This program, which was originally designed to get states to install EV charging stations. You see, the President has never been a fan of ele
Imagine never having to worry about power during a storm or while camping. This item, called the Anker SOLIX C1000, packs a punch but is also easy to carry around. It is designed to handle 2400W of power through 11 ports. You can charge it quickly. Ready to use after just 43 minutes. This power s
Honda is diving headfirst into the electric vehicle (EV) game with a massive plan in Ohio. By laying out more than a billion dollars, they're not just building a new factory. They're aiming to set a worldwide benchmark for EV production in the Buckeye State. This isn't Honda's first rodeo i
Tesla's journey from a risky venture to a market giant is quite a tale. Since the last presidential election, Tesla's stock value has skyrocketed to around $1. 3 trillion dollars, making it worth more than several major automakers combined. This surge has investors betting big on Tesla's future, des
