Shares in Tesla Inc. gained in U.S. premarket trading, indicating that investors are buying the dip following a four-day drop that erased the electric carmaker’s year-to-date gains.
February 24, 2021GovernmentBusinessTechnologyFuelAutonomous
Workhorse Passed Over as Oshkosh Wins USPS EV Contract
Electric-vehicle maker Workhorse Group Inc. plunged on Feb. 23, triggering multiple trading halts, after a key U.S. Postal Service contract that some had expected it to win went to rival Oshkosh Corp. instead.
February 24, 2021BusinessFuelAutonomous
Tesla Stock Wipes Out Gains for the Year
Tesla Inc. shares wiped out their year-to-date gains Feb. 23 and briefly traded below the level where they were when the electric carmaker entered the S&P 500 Index in December.
February 23, 2021BusinessTechnologyFuelAutonomous
Nikola Two Truck Will Run 900 Miles on Tank of Hydrogen, Company Says
Nikola Corp. announced updates on its zero-emission hydrogen fuel-cell electric commercial truck program as the company vied for attention beside other truck makers in an increasingly crowded space it helped create in 2016 with its introductory announcement.
February 23, 2021GovernmentBusinessEquipmentFuelBreaking News
Tonnage Dips 2.1% Year-Over-Year in January
January truck tonnage fell 2.1% compared with year-ago levels, but ticked up 1.4% over December 2020 — a continuation of several months’ worth of sequential gains, American Trucking Associations announced.
February 23, 2021GovernmentBusinessFuel
EPA Changes Stand, Sides With Ethanol Industry on Biofuels
DES MOINES, Iowa — The federal government announced Feb. 22 that it will support the ethanol industry in a lawsuit over biofuel waivers granted to oil refineries under President Donald Trump’s administration.
February 23, 2021GovernmentFuel
Diesel Spike of 9.7¢ Is Most in More Than Three Years
Diesel jumped 9.7 cents a gallon, the largest leap in more than three years, according to data released by the Energy Information Administration on Feb. 22.
February 22, 2021BusinessFuel
Experts Warn of Spiking DEF Prices
Prices for the diesel exhaust fluid that is a vital component of emissions systems on newer trucks are rising as costs for urea — a core DEF ingredient — have jumped.
February 22, 2021BusinessTechnologyFuelAutonomous
Xos to Go Public and Expand Battery-Electric Vehicle Production
Xos Inc., a 5-year-old truck maker focused on delivering battery-electric commercial vehicles in Classes 5-8, announced a definitive agreement to go public through a business combination with NextGen Acquisition Corp., a publicly traded special purpose acquisition company based in Boca Raton, Fla.
February 22, 2021BusinessTechnologyFuelAutonomous
Lucid Motors Reportedly Near Deal to Go Public
Lucid Motors Inc. is nearing a deal to go public through a merger with a blank-check company started by investment banker Michael Klein that could be announced early this week, according to people familiar with the matter.
February 22, 2021