Elon Musk's 'Funding Secured' Tweet in 2018 Was Genuine, Lawyers Say
Musk's lawyers said Saudi Arabia's wealth fund had indeed agreed to fund a buyout of Tesla in 2018, according to a court filing seen by Insider.
Source: businessinsider.com
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Big Auto CEO: Rush For Electrification Could End In Tears
Amid a veritable race among carmakers to become fully electric before everyone else, the chief executive of Stellantis has warned that this race could end in tears
Source: oilprice.com
Buffett-backed EV maker BYD's profit grew 111% in Q1
Synopsis BYD reported 237.4 million yuan ($36.61 million) net profit in the first three months this year, up from 112.6 million yuan a year earlier. Its revenue grew 108% year-on-year to 41 billion yuan in the first quarter. Agencies BYD Co Ltd reported growth of 110.7% in first-quarter net profit. Chinese electric vehicle maker BYD Co Ltd, which is backed by U.S. investor Warren Buffett, on Wednesday reported growth of 110.7% in first-quarter net profit. BYD reported 237.4 million yuan ($36.61 million) net profit in the first three months this year, up from 112.6 million yuan a year earlier....
Source: indiatimes.com