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News
Australia Household Spending Surges On EV Sales
3+ hour, 33+ min ago (73+ words) RTTNews Australia Household Spending Surges On EV Sales Australia's household spending grew more than expected in June driven by new electric vehicle sales, data from the Australian Bureau of Statistics showed Tuesday. Household spending rose 0.8 percent on a monthly basis…...
Europe New Car Registrations Log Double-Digit Growth
1+ week, 5+ day ago (78+ words) RTTNews Europe new car sales growth accelerated notably in June as market support measures lifted demand for electric vehicles, data from the European Automobile Manufacturers Association said Thursday. Car sales increased 13.6 percent on a yearly basis after rising 3.2 percent in…...
SpaceX Raises $75 Bln In IPO, Turning Musk First Trillionaire
1+ mon, 3+ week ago (575+ words) The world is preparing for the much awaited news of Space Exploration Technologies Corp. or SpaceX, tech visionary Elon Musk's brain child, starting trading on the U.S. Market for the first time. The initial public offering or IPO, which is deemed…...
Elon Musk Poised To Become World's First Trillionaire Following SpaceX IPO
1+ mon, 3+ week ago (221+ words) It looks like Elon Musk might be set to become the first trillionaire if everything goes according to plan with SpaceX's upcoming IPO. Right now, Musk holds around $273 billion worth of stock and options due to his role at Tesla....
Europe New Car Sales Growth Eases
2+ mon, 1+ week ago (65+ words) RTTNews Europe New Car Sales Growth Eases Europe's new car registrations grew at a slower pace in April amid heightened geopolitical risks, data from the European Automobile Manufacturers' Association, or ACEA, showed Wednesday. New car registrations grew 5.1 percent year-on-year in…...
War-driven Energy Price Spikes Highlight Value Of Renewables: UN Climate Chief
4+ mon, 2+ week ago (91+ words) RTTNews War-driven Energy Price Spikes Highlight Value Of Renewables: UN Climate Chief As the Middle East war drives oil and gas prices sharply higher, the UN's top climate change official says the volatility underscored the strategic value of renewable energy....
Lycopodium Gets A$118 Mln ESLH Contract For Tulu Kapi Gold Project In Ethiopia
4+ mon, 3+ week ago (255+ words) Lycopodium Ltd. (LYL.AX), an integrated engineering, project, construction and asset management, announced that it has received the Engineering, Supply and Labour Hire or ESLH contract for the development of KEFI Gold and Copper's Tulu Kapi Gold Project in Ethiopia....
Lucid Expands EV Lineup, Targets Positive Cash Flow Late This Decade
4+ mon, 3+ week ago (209+ words) Lucid Group [LCID] outlined its long-term strategy during its first investor day since becoming a public company. The electric vehicle maker aims to achieve positive cash flow later this decade by expanding into midsize vehicles, robotaxis, and software-based revenue streams....
Legacy Carmakers Retreat As EV Startups Launch Lower-Cost Models
4+ mon, 3+ week ago (271+ words) Honda Motor Co. [HMC] has announced the cancellation of three planned electric vehicle projects for the U.S. market, contributing to the company's expected first annual loss since its public listing in 1957. This move highlights the growing pressure on traditional automakers as…...
Rivian To Launch R2 Electric SUV Starting This Spring
4+ mon, 3+ week ago (233+ words) Rivian Automotive [RIVN] announced that it will begin selling its highly anticipated R2 midsize electric vehicle this spring, starting with a special "Launch Package" performance model priced at approximately $57,990. The first version of the R2 will feature dual motors, all-wheel drive, and…...