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Start-up investor Jason Calacanis raising millions for Twitter stake

Jason Calacanis Adam Jeffrey | CNBC Angel investor Jason Calacanis, an early backer of Uber and Robinhood, is seeking to raise tens of millions of dollars for a stake in Twitter as part of Elon Musk’s $44 billion agreement to buy the social media company. “We are now collecting interest to invest in Twitter with […]

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Tesla CEO Elon Musk dismisses hydrogen as tool for energy storage

Elon Musk has a history of expressing strong opinions about hydrogen and hydrogen fuel cells. A few years ago, when the subject came up during a discussion with reporters at the Automotive News World Congress, the electric vehicle magnate described hydrogen fuel cells as “extremely silly.” JimWatson | AFP | Getty Images Tesla CEO Elon […]

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Tesla’s China sales dive 98% in April amid Shanghi lockdowns

Hong Kong CNN Business — Car sales saw a record decline last month in China, the world’s largest automobile market, as strict Covid-19 lockdowns take a severe economic toll. And no automaker suffered more than Tesla. The EV maker sold 1,512 vehicles in mainland China last month, down 98% from March, according to data from […]

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How electric pickups stack up in price, range

SAN ANTONIO — Ford Motor’s new F-150 Lightning is an electric pickup truck. That may seem obvious given it looks like a truck and has electric motors and a battery pack instead of an engine, but it needs to be said. why? Because a successful battery-powered pickup is a critical step in the EV transition, […]

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VW is looking to bring back the Scout brand as an electric vehicle

This image, from 2019, is of a refurbished Scout. The brand was originally built by International Harvester between 1961 and 1980. Future Publishing | Future Publishing | Getty Images Volkswagen is planning to resurrect the iconic “Scout” brand as an electric vehicle in the United States. In a report late Tuesday, the Wall Street Journal […]

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Tesla Shanghai production lags due to parts shortages

Employees work at the Tesla Gigafactory in Shanghai, east China, Nov. 20, 2020. US electric car company Tesla in 2019 built its first Gigafactory outside the United States in the new Lingang area, with a designed annual production capacity of 500,000 units. DingTing | Xinhua News Agency | Getty Images Tesla reduced vehicle production at […]

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Mercedes Says It Can’t Make EVs Fast Enough

photo: Mercedes Mercedes isn’t having trouble selling electric cars, Tesla has a new recall, and Lucid is going to Europe. All that and more in The Morning Shift for May 10, 2022. 1st Gear: Mercedes’ EV Business Is Strong I’m not really sure what to make of this, other than virtually any new car today […]