Friday, 9 May 2025

Spotlight: Tesla

FILE PHOTO: Elon Musk, chief executive officer of SpaceX and Tesla, speaks to the media during the launch of SpaceX's Starlink internet service in Indonesia at a sub district community health center in Denpasar, Bali, May 19, 2024. REUTERS/Johannes P. Christo/File Photo
BusinessElectric Vehicles (EVs)NewsTransport

Tesla investor Scottish Mortgage to back Musk’s $56bn package

Scottish Mortgage agreed to the package Tesla set in 2018 and after agreeing to the deal, the firm believes the amount should be...

FILE PHOTO: Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X looks on during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024.  REUTERS/David Swanson/File Photo
BusinessEconomyElectric Vehicles (EVs)NewsPoliticsTrade

Elon Musk now says he opposes US tariffs on Chinese EVs

Tesla founder Elon Musk told tech investors in Paris on Thursday that he was against tariffs on Chinese electric vehicles, intended to boost...

FILE PHOTO: A parking lot of predominantly new Tesla Model 3 electric vehicles is seen in Richmond, California, U.S. June 22, 2018. Picture taken June 22, 2018. REUTERS/Stephen Lam/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

Tesla drops annual goal of 20 million vehicles in impact report

Tesla impact report makes no mention of aspiration to sell 20 million cars a year by 2030, as company shifts its focus to...

FILE - A Model X sports-utility vehicle sits outside a Tesla store in Littleton, Colo., June 18, 2023. Electric vehicle maker Tesla has begun construction of a factory in Shanghai to make its Megapack energy storage batteries, Chinese state media reported Thursday, May 23, 2024. (AP Photo/David Zalubowski, File)
BusinessElectric Vehicles (EVs)ElectricityInfrastructureManufacturingNews

EV maker Tesla breaks ground on Shanghai storage battery factory

Tesla Megapack factory construction begins, with aim to start mass production of the battery storage units by early 2025.

Burnt objects lie in a pile of debris, amid protests sparked by anger among indigenous Kanak people over a constitutional amendment approved in France that would change who is allowed to participate in elections, which local leaders fear will dilute the Kanak vote, in Noumea, New Caledonia, May 21, 2024, in this screengrab obtained from a social media video. Instagram @ericpaidjan/via REUTERS/File Photo
BusinessCritical MineralsMineralsMiningNews

Explainer: What New Caledonia riots mean for the nickel industry

A wave of civil unrest in New Caledonia has halted mining operations and supported a rally in prices for the metal.

FILE- Residents stand in a blockade in Noumea, New Caledonia, on May, 15, 2024. Global nickel prices have soared since deadly violence erupted in the French Pacific territory of New Caledonia. (AP Photo/Nicolas Job, File)
AnalysisCritical MineralsElectionsIn-DepthPolitics

How is the violent unrest in New Caledonia hitting nickel prices?

The overseas French territory is a crucial source of nickel, but deadly riots over constitutional changes could affect the supply of the mineral...

A Togg electric car rolling off the assembly line in Gemlik near Bursa in western Turkey (AFP)
AutomotiveBusinessElectric Vehicles (EVs)News

Turkey bets on Togg to give its car industry electric edge

Togg EVs are part of President Erdogan's plan to turn carmaker into a source of national pride and a hub for Europe's electric...

FILE PHOTO: Panasonic Holdings Group CEO Yuki Kusumi talks about the company's strategy in Tokyo, Japan, January 19, 2024. REUTERS/Miho Uranaka/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsStorage

Slowing EV uptake may delay Panasonic’s EV battery expansion, CEO says

A slowdown in the take-up of electric vehicles in the U.S. may prompt Tesla-supplier Panasonic to delay investing in additional plants to boost...

The Pepsi logo next to a U.S. flag is pictured in Irwindale, California, U.S., July 11, 2017.   REUTERS/Mario Anzuoni/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

PepsiCo expands EV fleet across California

PepsiCo to expand its EV fleet in California with the introduction of 50 Class 8 Tesla Semi trucks and 75 Ford E-Transit electric...

FILE PHOTO: Staff members stand at the booth of Chinese electric vehicle (EV) maker Li Auto, at a shopping mall in Beijing, China November 3, 2023. REUTERS/Tingshu Wang/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

Li Auto delays pure electric SUV launch due to insufficient fast charging network

China's Li Auto said it has postponed plans to launch pure electric SUV models to next year, citing a lack of fast chargers