Developing and building electric vehicles costs a lot of money, and Lucid Motors has been tapping its Saudi-based investors for billions in additional funding during the past few years. Now, the EV maker plans to go to new source: the public. At the same time, it’s getting a new top shareholder. Find out more about its IPO at Headlight.News.
Technology
Ferrari Teases New Hypercar, Will Make Debut Tommorow
Ferrari teases a mysterious new hypercar as the storied Italian sports car maker prepares to accelerate into the EV age to adapt to tightening regulations and changing market conditions.
Motorcyclists Wearing Helmets Die Less Often
Helmet laws often create discord among motorcyclists, the medical community and other safety experts. The latest study from the Insurance Institute for Highway Safety isn’t likely to quell any of the disagreements. The report shows more than 22,000 riders would’ve have survived fatal crashes during the last four decades. Find out more at Headlight.News.
Wall Street Wary About Tesla’s Shift from EVs to Robotaxis
Tesla appears to be planning a shift away from its once groundbreaking EVs to put more focus on a line of robots and robotaxis but that has generated some significant pushback from investors who question the new business model announced by CEO Elon Musk during a flashy Hollywood rollout last week.
New GM Defense Vehicle Offers More Stealth, Better Range for U.S. Armed Forces
General Motors defense unit continues to offer new vehicles with evolutionary updates designed to keep up with the changing needs of today’s warfighter. It’s showing off the prototype of its next-generation tactical vehicle at AUSA 2024. Check it out at Headlight.News.
Tesla Cybercab Highlights Elon Musk’s Glimpse into the Future
An ebullient Elon Musk took to the stage Thursday night not just to show off the long-awaited Cybercab, Tesla’s CEO offered a peek at what his idea of what the future should be, and that kicks off sometime near the end of 2026 when the first Cybercabs go into production. Get details at Headlight.News.
A Week With: 2024 Volkswagen Tiguan SEL R-Line
All in all, the 2024 Volkswagen Tiguan SEL R-Line is handsome, stylish, understated, nicely equipped and quite pleasant to drive — once you get it up to speed. Find out more about the SUV at Headlight.News.
As Musk Preps to Debut Tesla RoboTaxi Automaker Struggles with Flood of Exec Departures
It’s a put-up-or-shut-up-day for Elon Musk as Tesla prepares to reveal its long-promised Cybercab, but the company has plenty of other challenges facing it right now, starting with the departure of four top-level executives leading an exodus of talent as insiders balk at the CEO’s increasingly erratic behavior.
Volkswagen Offers Early Look at Tiguan Debuting at LA Auto Show
Volkswagen revealed its new Tayron 5-seat SUV sold in Europe. Why do we in America care? Because the extended wheelbase version is sold in the U.S. as the Tiguan, which will make its debut at the LA Auto Show next month. Get an early look at Headlight.News.
Hyundai Begins Production at New $7.6 Billion EV Plant in Georgia
Hyundai’s new EV plant outside Savannah, Georgia is up and running, months ahead of its original schedule. But the automaker now says the $7.6 billion complex will build hybrids, as well as all-electric models due to slowing growth in the EV sector.
Traffic Returning to Normal Levels, But Some Cities Better to Drive In Than Others
Americans spend plenty of time in their vehicles. In fact, studies show they’re back pre-pandemic levels. However, a new study shows not all cities are the same when it comes to commuting, running errands and costs. Get details about the best and worst places to drive at Headlight.News.
Lucid Enjoys Strong Third Quarter, Beating Analyst Expectations
Lucid Group reported it delivered nearly 2,800 vehicles, which surpassed the expectations of analysts. The results are also in contrast to fellow EV startup Rivian. Get details about the results and what’s next at Headlight.News.