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Electric car-maker Tesla announced that its Gigafactory in Texas has built 10,000 Model Y cars to date. Elon Musk opened the Austin, Texas-based Gigafactory in April this year, as he aimed to take his electric car company to the next phase of growth with the production of Cybertruck. “10,000 Model Ys built at Giga Texas to date,” Tesla said in a tweet. Along with Cybertruck, Tesla also displayed a new Roadster vehicle that is likely to go into production next year at the Texas facility. However, Cybertruck has been…

Hero Electric once again led the Indian electric vehicle (EV) two-wheeler segment in August, selling a record and highest-ever 10,476 vehicles in one month, followed by Okinawa Autotech at 8,554 vehicles, the latest government VAHAN data has revealed. Hero Electric had sold 8,954 EV two-wheelers in July while Okinawa Autotech had sold 8,096 two-wheelers. Bhavish Aggarwal-run Ola Electric sold 3,421 EV two-wheelers in August, a drop from 3,862 units the company sold in July, indicating that it still needs to bring its…

Uber’s network spans all over the globe. The ride-share company dominates the US and London markets as it expands its global presence. Meanwhile, Uber is leading the way for a cleaner, sustainable future as it continues adding EV options to its London fleet. Most of us have taken a ride in an Uber by now. Whether by choice or because you had no other option, Uber is a convenient way to get from point A to B. Nearly 21 million trips are taken with Uber daily, with 122 million active monthly users. If you think…

Hero Electric once again led the Indian electric vehicle (EV) two-wheeler segment in August, selling a record and highest-ever 10,476 vehicles in one month followed by Okinawa Autotech at 8,554 vehicles, the latest government VAHAN data has revealed.Hero Electric had sold 8,954 EV two-wheelers in July while Okinawa Autotech had sold 8,096 two-wheelers.Bhavish Aggarwal-run Ola Electric sold 3,421 EV two-wheelers in August, a drop from 3,862 units the company sold in July, indicating that it still needs to bring its…

Peloton’s sales have plunged and costs connected with its turnaround effort have surged. Photo: Bess Adler for The Wall Street Journal…

In its latest bold move to lock up raw materials for electric vehicles, Mercedes-Benz is announcing a new deal with Rock Tech Lithium for 10,000 tons of battery-grade lithium annually. Best known for its luxurious German vehicles, Mercedes is great at raising the bar for what an automobile can do. Now, the automaker is moving quickly to secure its future position in the auto market. As demand for EVs continues rising at record levels, automakers from all corners of the globe are pouring billions to catch first…

Catecoin (CATE) has been a popular and major cat-themed cryptocurrency for quite some time now. It has grown to become one of the most popular cryptocurrencies in the market and this is why it has attracted many investors. Many people have noticed that CATE is on the rise again and that it could be a good time to invest in it. According to reports from various sources, CATE is going through some changes in its price movements lately. The project is pumping more than 150% as indicated by several resources. This…

Catherine Shu / TechCrunch: India-based GetVantage, which uses AI to offer revenue-based capital of between $10K to $500K to startups, has raised $36M, bringing its total funding to $40M — Some SMEs don't want to get (or have access to) equity funding, but also want to stay away from high-interest bank loans. Catherine Shu / TechCrunch: India-based GetVantage, which uses AI to offer revenue-based capital of between $10K to $500K to startups, has raised $36M, bringing its total funding to…

The humble resistor is the lowest cost component in our maker box, but it is also incredibly useful. Previously, we’ve shown how to use resistors in a project, but the focus of this guide is understanding the colored bands which wrap around the center of the resistor. These resistor color codes tell us exactly how many Ohms of current each unit handles.How do we read a resistor color code? Why are some resistor color codes four bands and others five bands? What resistor do I need for an LED? We answer all of these…

Rivian has posted its Q1 2022 results and shareholder letter after market close today, showing $95 million in revenue and a loss of $1.593 billion for the quarter ($1.77 per share), up from a loss of $414 million from the same quarter last year. It ended the quarter with nearly $17 billion in cash, largely from its massive IPO late last year. Rivian also reaffirmed 2022 annual guidance, expecting a total loss of $4.7 billion for the year with 25,000 units of total production and $2.6 billion expected in capital…