Electric vehicles

News

The Saudi wealth fund bought Tesla stock. Now it's investing in Lucid, a Tesla competitor

Published: 
Wed, 09/19/2018 - 6:23pm

Lucid Motors, the Bay Area electric car start-up, has been struggling to raise money for more than a year. Now it appears to have found some: more than a billion dollars from Saudi Arabia’s sovereign wealth fund.

If the deal announced Monday closes as Lucid expects, the company said it will have enough cash to finish engineering the high-end Lucid Air sedan and begin manufacturing in Arizona as scheduled in 2020. And the Saudis would be backing both the leading electric luxury car maker, Tesla, and a Tesla competitor.

News

Elon Musk, eager to shed Wall Street, suggests a massive buyout of Tesla. Its shares soar

Published: 
Thu, 08/09/2018 - 12:12pm

Elon Musk once again sent heads spinning with a bombshell tweet Tuesday, saying he’s “considering” buying up shares of electric car maker Tesla.

News

Electric vehicles gradually spark Valley interest. Will powering up be a problem?

Published: 
Tue, 08/07/2018 - 4:37pm

There are fewer than 5,000 automobiles in Fresno, Kings, Madera and Tulare counties that are powered primarily by electricity – either battery-electric or plug-in hybrid vehicles that get their charge from a cord and an outlet rather than a hose and a gas pump.

News

Tesla lost $717 million but vows to make a profit next quarter

Published: 
Fri, 08/03/2018 - 6:41pm

Tesla reported another big loss for the second quarter. But it burned less cash along the way to ramping up production of its “bet the company” electric sedan, the Model 3.

News

Good news: Your Tesla Model 3 is finally ready. Bad news: It may take weeks to get it serviced

Published: 
Thu, 07/26/2018 - 12:56pm

As Tesla ramps up its Fremont, Calif., factory to escape what Elon Musk called “production hell” with its new Model 3 electric sedan, some customers are enduring their own state of suffering trying to get Teslas serviced.