My Motto
This will probably get me into trouble, but I feel I have to say it — Elon Musk (@elonmusk) June 6, 2020
Author: Steve
Bank Directors Have Ties to Fossil Fuels, Bloomberg Finds
We’re just beginning to understand the myriad ways that incumbent oligopolies have preserved the status quo in global energy markets for so long. Here’s Bloomberg’s latest observation: The world’s largest banks have issued billions in loans to sustainable businesses and taken some steps to restrict funding for some of world’s worst polluters. But the greening […]
Volkswagen finalizes investment in Ford’s Argo AI one year later
Remember Argo AI, the self-driving startup Ford invested in? No? Well, look at the picture at the top of this post, that’s their car wearing the ugly LIDAR hat. Those who have been following the autonomy horse race closely may remember that Volkswagen announced they would invest in Argo about a year ago. Good news: […]
Volkswagen faces “staggering” liability after U.S. appeals court ruling
Volkswagen created software to cheat emissions tests, so that they could sell cars that emitted more than 40 times the level of dangerous toxic gasses allowable by law. Most people have forgotten abut this by now, but Volkswagen is still dealing with the consequences. Rightfully so, I might add –– if the punishment for breaking […]
Musical Chairs as Volkswagen Flails
Although Volkswagen Group has announced a bold plan to transition all of their vehicles to electric drivetrains, bending reality to fit that plan is another story altogether. As the transition faces setbacks, German Publication “Auto Motor Und Sport” reports that Volkswagen Group executives could be getting ready for a little a game of musical chairs: […]
Tesla Short Sellers Rack Up $11.25 Billion in Mark-to-Market Losses in 2020
Ihor Dusaniwsky of S3 partners fame has the latest update on the misadventures of the Tesla shorts: That’s right: in aggregate, short sellers have lost $11.25 billion shorting Tesla in 2020 alone. That’s rough. You’d think all this chaos would be good for the shorts, but apparently they still found a way to lose money […]
Wells Fargo Drops Dealership Customers in Latest Kick to the Balls for Legacy Auto
With a pandemic, massive unemployment, riots, and the threat of Tesla, legacy auto hasn’t exactly been having the best year. Unfortunately banks are starting to notice, and aren’t afraid to kick the auto industry while they’re down to try and save their own balance sheets. Wells Fargo dropped this bomb on the auto industry earlier […]
Dealerships Across America Destroyed in Latest Hit to Legacy Auto
The first half of 2020 has been trying for almost everyone, and that includes legacy auto. As if production and supply chain issues weren’t enough, many stealerships dealerships across America have been vandalized and attacked. In many cases cars were destroyed, crashed, or stolen. Whitney McDonald and Krystal Hur have the story at Automotive News: […]
Department of Energy Provides Battery500 Project Update
In July of 2016, right before the election that would transform the federal government, Obama’s Department of Energy launched the Battery500 consortium. The goal was to provide funding and resources to a group of top universities and institutions to figure out how to create a next generation battery cell. The reason the project was started […]
Tesla Model 3 was the best selling car in California in Q1 2020
Did you ever think you’d live to see the day when electric vehicles would begin outselling all of their polluting competition? Well, if you live in places like Norway or California, that day is today. CleanTechnica is now reporting (based on data from the California New Car Dealers Association) that the Tesla Model 3 managed […]