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Tesla’s stock (TSLA) has surged to a $1 trillion valuation – seemingly over the assumption that the Trump and Musk relationship is going to benefit the automaker. The company is virtually worth more than the next 10 biggest automakers combined. Tesla has extended its post-election rally another 7% this morning – resulting in its valuation
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Battery manufacturer LG Energy Solution just announced that its Arizona subsidiary has signed a long-term supply agreement with US automaker Rivian for 4695 cylindrical batteries. The cells will be produced at LG Energy Solution Arizona’s new standalone US facility beginning next year and will power Rivian’s upcoming R2 BEVs. LG Energy Solution (LGES) is a
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Mexico wants to ask Elon Musk if Tesla still plans to build its ‘Gigafactory Mexico’ now that Trump has won the elections. After months of speculations, Tesla officially announced Gigafactory Mexico back in March 2023. At the time, Tesla talked about moving fast and building the plant in about a year, like it did in Shanghai. However,
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Photo: Dominion Energy Donald Trump will push fossil fuels and undo renewable energy policies, but it ultimately won’t stop clean energy’s momentum. Trump has always pushed for more oil drilling and fewer regulations, left the Paris Agreement in his first term as president, says he hates “windmills,” promised to scrap offshore wind on “day one”
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Amnesty International recognized Tesla and Mercedes-Benz for their “human rights diligence” in manufacturing their electric vehicles. There have been concerns about the rise in electric vehicle adoption leading to human rights issues, especially due to the increased need for some metals related to battery production, which are sometimes mined in difficult conditions. The bulk of
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