EV

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

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

Musk declares Tesla 'just became a real car company.' But can it keep building Model 3 vehicles at this pace?

Published: 
Mon, 07/02/2018 - 2:48pm

Tesla Inc. reached a milestone crucial to Elon Musk’s goal to bring electric cars to the masses — and earn some profit in the process — by finally exceeding a long-sought production target with the Model 3. By building more than 5,000 of the sedans in the last week of the second quarter, Tesla “just became a real car company,” the chief executive said in an internal email Sunday obtained by Bloomberg News.

News

Why is Tesla fighting a rule that would force electric-car manufacturers to treat their workers well?

Published: 
Mon, 06/18/2018 - 2:18pm

A new California rule saying that state rebates for electric cars can go only to manufacturers certified as being “fair and responsible” in their treatment of workers has put Tesla, the state’s only major EV maker, in a tough position.

News

Yet another California electric vehicle is coming. But this start-up has manufacturing expertise

Published: 
Fri, 03/30/2018 - 10:49am

The latest electric vehicle Silicon Valley start-up held its coming-out party Wednesday to introduce two crossover sport utility vehicles. Another EV player? Yes. But this one comes with some unusual twists.