Hyundai Motor Group plans to develop materials that enhance the performance of electric vehicles. To achieve this goal, it entered into a strategic partnership with Japanese material manufacturer Toray Industries.  Hyundai plans to proactively use new materials in its future mobility products, including its future electric vehicle designs. Hyundai and Toray will work together to develop lightweight, high-strength materials that can enhance the performance and safety of Korean vehicles.  The partnership will include developing carbon fiber-reinforced polymer parts that would improve t ..read more

Tesla shareholders might be asked to vote on Elon Musk’s nearly $56 billion pay package again.  On Monday, Tesla filed paperwork so shareholders could vote to approve Elon Musk’s 2018 pay package again. The filing came with a letter written by Chairperson Robyn Denholm, who wrote that the Tesla Board disagreed with the Delaware Court’s ruling on Musk’s 2018 pay package.  “Elon has not been paid for any of his work for Tesla for the past six years… That strikes us, and the many stockholders from whom we already have heard, as fundamentally unfair. “We do not think that what the Delawa ..read more

Tesla is approaching arguably one of its most important earnings calls in years. In light of the upcoming event, Tesla has gone live with its Q1 2024 earnings page on investor communication platform Say, where verified TSLA shareholders could submit their questions for the electric vehicle maker. Tesla has included Say questions in its earnings calls for years.  Tesla VP of Investor Relations Martin Viecha announced the update in a post on X. He also included a link to the Say page where Tesla investors could place their own questions for the company.  Tesla Q1 earnings call Q&A ..read more

Vast and SpaceX have reached an agreement to use Starlink on its future commercial space station. Haven-1, which is planned to launch atop a Falcon 9 no earlier than August 2025, will be outfitted with Starlink terminals to ensure occupants aboard the station will have access to high-speed communications courtesy of the SpaceX Starlink network. Announcement: Haven-1 to be the world’s first commercial space station connected by SpaceX Starlink: https://t.co/jAwG5TbkxL @SpaceX @Starlink pic.twitter.com/tLY15HB0a0 — VΛST (@vast) April 9, 2024 Vast CEO Max Haot commented: “If you need to provide ..read more

Tesla is going to announce an investment of up to $3 billion next week in India during his planned visit with Prime Minister Narendra Modi, reports indicate. Tesla has been working to establish a professional relationship with India for several years, hoping to bring its vehicles to the country on a larger scale. However, Tesla and India have both had requests that the other party simply could not agree to: Tesla requested lower import duties so it could test demand, while India was only willing to do this with a commitment from Tesla to build a factory. The plans to work together stagnated ov ..read more

NASA has selected three companies to compete to land the next-generation Lunar Terrain Vehicle (LTV) that will be intended to be used during the Artemis V mission. The 3 companies selected are Intuitive Machines, Lunar Outpost, and Astrolab. These companies will now compete to develop a lander for a demonstration mission ahead of Artemis V to validate its designs and safety for future astronauts. The study will take approximately a year before NASA makes its decision on the winner. Here is a quick overview of each company’s designs. Intuitive Machines Intuitive Machines Moon Racer concept art ..read more

Lucid Motors has updated the Air Grand Touring configuration to boast more accurate range ratings with the addition of a heat pump, as well as new technologies to increase charging speed. The Grand Touring configuration has the longest range in the Lucid Air lineup, and the automaker, still attempting to navigate through the early challenges of EV development, is making all the attempts it can to move in the right direction. Lucid shares Q1 2024 production and delivery numbers All it can do is make its vehicles better — and with this update, it has. Here are the three improvements Lucid mad ..read more

Tesla Cybertruck engineer Wes Morrill revealed the company considered equipping the all-electric pickup with the “Crab Walk” feature that General Motors has flexed with its HUMMER EV, but it did not seem useful. CrabWalk, as GM calls it, is a four-wheel steer mode that enables “greater vehicle maneuverability when you’re off-roading or parking.” It allows the angle of the rear wheels to mimic that of the front wheels, enabling the vehicle to move more diagonally. In a perfect world, CrabWalk would be an ideal choice for situations like parallel parking. However, it is only operable at incredib ..read more

Tesla has been extremely quiet about the successor to the Model 3 Performance, a vehicle that EV enthusiasts have fondly dubbed the Model 3 “Ludicrous.” While Tesla executives such as CEO Elon Musk have been completely silent about the vehicle, the EV community is evidently excited about it. And if a recent video is any indication, it would appear that Tesla China is already exporting the high-performance vehicle.  Recent aerial footage from longtime Giga Shanghai watcher Wu Wa have shown that Tesla China is gathering a fleet of vehicles at the Shanghai Southport terminal that is quite di ..read more

Even electric cars like the Tesla Cybertruck are not advised to go into very deep bodies of water, especially for extended periods of time. But when push comes to shove and one has to go through a body of water in a vehicle, it seems like it pays to be in a Tesla instead of a combustion-powered car.  Images from Dubai have stunned social media as users shared photos and videos of the city being assaulted by the heaviest rainfall that the area has experienced in 75 years. As the city received two years’ worth of rain in one day, streets were heavily flooded, apartments were damaged, and mu ..read more