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Oil pared its advance Sept. 23 as stocks fell on the latest warnings from Federal Reserve officials about the economic outlook due to the coronavirus.

Tesla Inc. plans to manufacture a car that will cost $25,000 in about three years’ time, fulfilling an elusive long-term objective to sell a cheap mass-market electric vehicle, Chief Executive Officer Elon Musk said Sept. 22.

Elon Musk tempered expectations for Tesla Inc.’s long-awaited battery day by cautioning that the company will unveil something that won’t be widely produced for two years.

Paccar announced a collaboration with Faith Technologies and Schneider Electric to provide charging infrastructure for customers who purchase battery-electric models from Kenworth and Peterbilt in the United States and Canada.

Volvo Trucks North America announced diversified carrier NFI is the latest fleet to demonstrate two Volvo VNR Electric trucks as part of the Volvo LIGHTS project.

The price of diesel, trucking’s main fuel, dropped 1.8 cents to $2.404 a gallon in its third consecutive decline, the Energy Information Administration reported Sept. 21.

Walmart Inc. on Sept. 21 outlined its goals to achieve zero-emission operations, which include fully converting its fleet to electric trucks.

Tesla Inc. will provide a highly anticipated technology update Sept. 22 when Elon Musk takes center stage at an event the CEO has dropped hints about for months — and which has helped propel the company’s sky-high valuation.

With Trevor Milton having stepped down as executive chairman of Nikola Motor Co. Sept. 21, the spotlight now falls to new chairman of the board Steve Girsky.

Trevor Milton has voluntarily stepped aside as executive chairman and board member of Nikola Corp., the electric truck company he created, it was announced Sept. 21.