Shares in Tesla fell for the fourth day in a row to their lowest level since September amid a broad decline in global stock markets, largely due to geopolitical tensions surrounding Russia and Ukraine. According to the Bloomberg Billionaires Index, Tesla’s CEO remains the wealthiest person in the world. Nonetheless, Musk has seen $71.7 billion […]
Analysts predict Porsche could be valued at up to €90 billion in an initial public offering (IPO). Currently, the market value of Volkswagen — which completed its acquisition of Porsche in 2012 — stands at around €116 billion. Speaking to Reuters, two people familiar with the matter said that, in the potential IPO, Volkswagen could […]
Virgin Galactic is selling 1,000 tickets for a 90-minute trip aboard its VSS Unity, which will take off from Spaceport America in New Mexico. “At Virgin Galactic, we believe that space is transformational,” said Virgin Galactic CEO Michael Colglazier. “We plan to have our first 1,000 customers on board at the start of commercial service […]
SpaceX CEO Elon Musk has announced that the Starship rocket is close to being ready to go orbital. However, the rocket’s launch now depends on the Federal Aviation Administration, which will not issue the vehicle permission to fly until an environmental assessment is complete. "I think we're tracking to have the regulatory approval and hardware […]
The space company said that its 40 destroyed satellites — which had been part of a planned satellite constellation, intended to eventually provide continuous internet coverage for the majority of the globe — would now fall back to Earth. However, SpaceX assured the public that there was no risk of collision with Earth as the […]
Student Jack Sweeney created the Twitter bot, which tracks Musk’s Gulfstream private jet and posts real-time updates of its location. Since discovering the Twitter bot, Musk has pleaded with Sweeney to delete it: “Can you take this down? It is a security risk,” Musk said. In a direct message to Sweeney, Musk also said, “I […]
Luxury carmaker Bentley has announced its first fully electric vehicle will be produced at its factory in Crewe, England. The battery-powered electric vehicle (BEV) is set to roll off the production line in three years. Bentley reported it is investing £2.5 billion in sustainability over the next decade, involving the complete transformation of its Crewe […]
The journey across Michigan was the first road test of the Gemini battery, developed by Detroit-based startup Our Next Energy (ONE), and achieved almost double the typical range that a standard Tesla Model S is capable of meeting. According to ONE founder and CEO Mujeeb Ijaz, the results of the first road test “set a […]
The structure is currently under construction at SpaceX’s Starbase facility in Texas. It features chopstick-like arms that will guide the rocket’s booster back into position once the second stage has been delivered into orbit. The first orbital launch of a Starship rocket is scheduled to take place within the next 10 weeks. The Starship rocket […]
On Monday, Ferrari’s new chief executive Benedetto Vigna announced a new team to sharpen the company’s technology focus and product exclusivity as it pushes toward electrification amid increasing demand. In a statement, it was announced that functions including “Product Development and Research and Development”, “Digital and Data” and “Technologies and Infrastructures” will from now on […]
Luxury automaker Aston Martin has reported an 82% surge in sales to dealers in 2021. The news comes despite the company predicting lower-than-expected annual adjusted core earnings on fewer-than-planned shipments of its Valkyrie sports car in the fourth quarter of the year. On Friday, Aston Martin said it expects annual adjusted core earnings to come […]
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