The Tesla Cybertruck’s acceleration pedal issue, which caused a temporary halt in the customer deliveries of the all-electric pickup truck, has been listed as a recall by the National Highway Traffic Safety Administration (NHTSA). As per the NHTSA’s official website, the recall was initiated to address risks for unintended acceleration from a trapped accelerator pedal on affected vehicles.  The NHTSA’s Safety Recall Report revealed that a total of 3,878 units of the 2024 Tesla Cybertruck are affected by the accelerator pedal issu ..read more

Earlier this week, Rivian announced plans to lay off 1% of its workforce. The electric vehicle (EV) car maker explained that the second round of job cuts will reduce costs during a slowdown in EV demand. “This was a difficult decision, but a necessary one to support our goal to be gross margin positive by the end of the year,” Rivian told Reuters in an email.  The upcoming Rivian layoffs will be the second time the company has cut jobs this year. In February, Rivian laid off 10% of its salaried workers, explaining that it was optimizing cost efficiencies.  The company also ..read more

Stellantis acquired 49.5% of an Argentine solar power producer to increase its self-sufficiency in its operations.  The legacy automaker invested $100 million in 360 Energy Solar. Stellantis hopes to develop new solar plants, install large-scale solar storage systems, and produce hydrogen energy through the partnership.  In January 2024, Stellantis Pro One announced the expansion of its hydrogen fuel cell vehicle production with commercial vans for the European market. At the time, it announced that in-house production on mid-size and large hydrogen fuel cell vans already s ..read more

Elon Musk has provided some insight on the Tesla Cybertruck’s accelerator issue, which resulted in the all-electric pickup truck’s deliveries being paused. As per Musk, the delivery pause on the vehicle was done with caution in mind.  Resent observations from Tesla customers have indicated that the electric vehicle maker temporarily stopped Cybertruck deliveries due to an issue with the all-electric pickup truck’s accelerator pedal. Videos and photos shared by owners of the vehicle on social media suggested that the metal plate on top of the Cybertruck’s ..read more

Redwood Materials achieved notable progress in its efforts to create a closed-loop battery materials supply chain at its Nevada campus. Over the past year, Redwood ramped its hydrometallurgical operations, commissioned a large-scale recycling rotary calciner, and began production of battery anode copper foil. These advancements mark a major step forward in Redwood’s goal of establishing a sustainable source of battery materials for the domestic electric vehicle industry. The company’s hydrometallurgical facility, which is also the first commercial-s ..read more

A recent report has suggested that Tesla may push through with its plan to establish a network of nine Megacharger stations for the Tesla Semi, even if the Biden Administration will not help with its funding. As per a former Tesla VP, the EV maker may pivot to state funding or even use its own resources to build a Tesla Semi Megacharger route.  As noted in a TechCrunch report, Tesla was looking to secure almost $100 million from the administration’s Charging and Fueling Infrastructure (CFI) Discretionary Grant program. The EV maker was reportedly planning to ..read more

Tesla’s results for the first quarter of 2024 were not the best. While the company was able to produce over 433,000 vehicles and deliver approximately 387,000 vehicles in Q1 2024, the numbers represented an 8.5% year-over-year decline in deliveries. Despite these numbers, it appears that Tesla had no intention of scaling back its acquisition of batteries from its suppliers during the quarter.  As per a report from South Korean publication New Daily Economy, Tesla aggressively purchased batteries from LG Energy Solution in Q1. Tesla reportedly bought such a large volume of batteries f ..read more

Tesla has been very silent about the successor to the Model 3 Performance, arguably the electric vehicle maker’s most fun car to drive. But while Tesla’s public communication about the new Model 3 Performance is almost zero, all signs are pointing to the new vehicle being released soon.  Apart from fully-uncovered units of the new Model 3 Performance being spotted in the United States and abroad, the all-electric sedan’s order page from Great Britain was also observed to feature details about the vehicle in its source code, as noted by members of the Tesla Motors Club. While the source co ..read more

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