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News
Elon Musk Says Tesla???s Terafab Could Be 50 Times the Size of the Pentagon
1+ hour, 43+ min ago (1293+ words) Elon Musk has offered a striking description of Tesla’s ambitions for semiconductor manufacturing, saying the company’s planned Terafab facility could eventually become 50 times the size of the Pentagon. The comment underscores the extraordinary scale Musk envisions for Tesla’s future chip…...
Trump Administration Fast-Tracks Robotaxis With Zoox Commercial Launch
1+ week, 19+ hour ago (396+ words) As part of the initiative, Zoox, the autonomous vehicle company owned by Amazon, has been cleared to move forward with the commercial launch of its robotaxi service. At the same time, federal agencies are working to accelerate the development of…...
Ferrari Hits 2026 EV Sales Target in Just Two Months
1+ week, 1+ day ago (656+ words) The report first surfaced through the Financial Times and later gained broader attention after being highlighted by Cointelegraph's official X account. Ferrari itself has since indicated that customer response to the vehicle has been stronger than expected, reinforcing confidence in…...
Ferrari Reaches 2026 Sales Target for First Electric Vehicle Luce as China
1+ week, 1+ day ago (1200+ words) Ferrari’s transition into the electric vehicle market is gaining momentum after the Italian luxury automaker reportedly reached its initial 2026 sales target for the Luce, its first fully electric model. Priced at approximately €550,000, the Luce represents Ferrari’s attempt to combine the…...
Porsche Plans 5,000 Job Cuts by 2035 While Protecting German Factories
1+ week, 4+ day ago (392+ words) Unlike many corporate restructuring programs that involve mandatory dismissals, Porsche said the agreement is structured to avoid compulsory layoffs, relying instead on voluntary departures, retirements, workforce planning, and natural employee turnover over the coming decade. The announcement has drawn attention…...
Elon Musk’s Boring Company Targets $20 Billion Valuation as Underground
1+ week, 6+ day ago (1059+ words) Elon Musk’s underground transportation venture, The Boring Company, is reportedly seeking a major new investment round that could push its valuation to approximately $20 billion, marking a significant increase from previous funding levels despite challenges surrounding several planned projects. According to…...
Tesla Still Holds $825 Million in Bitcoin Despite Market Volatility
2+ week, 1+ day ago (616+ words) Electric vehicle manufacturer Tesla continues to hold approximately $825 million worth of Bitcoin, reinforcing the company's position as one of the largest publicly traded corporate holders of the world's leading cryptocurrency. The latest valuation has once again drawn attention from investors…...
Volkswagen CEO Retreats From Factory Closure Proposal After Board
3+ week, 5+ day ago (604+ words) The debate underscores the mounting pressure facing Europe's largest automaker as it navigates slowing demand for electric vehicles, intensifying competition from Chinese manufacturers, rising production costs, and an increasingly complex global automotive market. "There are smarter solutions than closing factories,…...
Elon Musk Sees SpaceX Becoming the World’s Most Valuable Company
3+ week, 6+ day ago (662+ words) Elon Musk has made another bold prediction about the future of SpaceX, saying the private aerospace company could eventually become worth more than the rest of Earth if it successfully accomplishes its long-term goals. The comments were shared publicly and…...
Elon Musk’s Net Worth Falls by More Than $500 Billion After SpaceX Valuation
4+ week, 2+ day ago (1025+ words) The billionaire entrepreneur reportedly lost around $508 billion in wealth within one month, marking one of the largest personal wealth declines ever recorded. The decline accelerated on Tuesday when SpaceX’s valuation reportedly fell about 7% below its $150 IPO reference price, reducing the…...