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Tesla short sellers burned for massive losses since Earnings Call

Teslarati

Tesla short sellers are being burned for massive losses since last week’s Earnings Call. Tesla shares first exploded last week as the automaker announced it would accelerate its plans for a new vehicle lineup. billion in losses. Since then, the stock has catapulted over 34 percent.

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NHTSA closes investigation into Tesla rearview camera loss

Teslarati

This week, the NHTSA said it was closing an investigation it opened in November 2020 that aimed to find the cause of a touchscreen failure that resulted in the loss of a rear camera image display when the car was in reverse. You can also reach me on Twitter @KlenderJoey , or if you have news tips, you can email us at tips@teslarati.com.

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Hertz continues to feel EV losses, plans to dump more from its fleet

Teslarati

The losses continued in Q1. For the quarter, Hertz reported a net income loss of $392 million, compared to $126 million last year during the same period. You can also reach me on Twitter @KlenderJoey , or if you have news tips, you can email us at tips@teslarati.com. 119 of the $339 was related to EVs held for sale.

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Ford doubles down on EVs despite heavy losses in Q1

Teslarati

Ford is doubling down on electric vehicles (EVs) despite the fact that its Model e unit reported heavy losses in the first quarter. billion in losses, before interest and taxes (EBIT) were accounted. “The The post Ford doubles down on EVs despite heavy losses in Q1 appeared first on TESLARATI. The Model e unit reported $1.3

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Lucid reports $173 million in revenue and $684.7 million net loss in Q1

Teslarati

Lucid Motors reported its Q1 earnings this week, showing some improvement from the same period last year despite still having over half a million in net losses. In its earnings report , Lucid reported a net loss of $684.7 million net loss in Q1 appeared first on TESLARATI. million, down from $779.5 billion, up from $1.4

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The NHTSA is Investigating Some Ram Trucks for Potential Loss of Drive Power

The Truth About Cars

The National Highway Traffic Safety Administration said it had received 82 complaints about certain Ram trucks that allege a loss of power due to a failure of a vital transmission component. Some owners reported a loss of drive power at more than 25 mph and could not return to regular operation afterward.

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QuantumScape’s solid-state batteries pass latest test, could offer 500,000 km without range loss

Electrek

PowerCo recently completed an endurance test with QuantumScape’s solid-state cells and determined they can someday power EVs that can drive 500,000 kilometers with virtually no loss of range. more… The post QuantumScape’s solid-state batteries pass latest test, could offer 500,000 km without range loss appeared first on Electrek.

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