The National Highway Traffic Safety Administration said battery fires in Tesla’s electric vehicles when no crash was involved were “rare events.”
The electric-car maker has weathered the global shortage of semiconductors better than more established rivals.
The company, which is backed by Amazon and Ford, is seeking to sell shares in one of the biggest initial public offerings of the year.
The deal could result in the sale of the struggling automaker’s Ohio factory to Foxconn. Lordstown is under federal investigation and needs more cash to mass-produce an electric pickup truck.
The automaker and a supplier will spend $11.4 billion on three battery factories and a truck plant, creating 11,000 jobs.
As the nation shifts to electric vehicles, picture well-kept but long discontinued gas-powered pickups, especially in areas where charging stations may be sparse.
As the nation shifts to electric vehicles, picture well-kept but long discontinued gas-powered pickups, especially in areas where charging stations may be sparse.
Normal, Ill., is hoping the upstart electric vehicle maker Rivian can help the town become thriving once again.
I’ve been to a lot of car shows, and they look pretty much the same, but one car show this month tried something different.
Chancellor Angela Merkel steered Europe through crises, and Germany has boomed during her tenure. But she has ducked changes needed to ensure the success lasts, analysts say.