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Tesla Seeks to Raise Another $5 Billion in Stock Offering

Tesla is looking to raise up to $5 billion in capital through a stock offering as the electric vehicle and solar panel maker seeks to take advantage of strong demand for its products.

December 8, 2020

Tesla’s German Factory Faces New Snag After Court Halts Logging

Tesla Inc. was ordered by a local court to halt tree clearance for its new factory near Berlin after complaints from two environmental groups, potentially disrupting progress in completing the company’s first European gigafactory.

December 8, 2020

Diesel Continues to Climb on Increasing Global Oil Demand

The U.S. Energy Information Administration’s weekly survey published Dec. 7 showed trucking’s primary fuel increased 2.4 cents nationwide and now costs $2.526 a gallon.

December 7, 2020

Missouri Lawmakers May Ask Voters to Raise Gas Tax in 2021

JEFFERSON CITY, Mo. — Two years after Missouri voters decisively rejected a proposal to raise Missouri’s gasoline tax, the leader of the Senate wants a do-over.

December 7, 2020

Oil Slips From Nine-Month High With Markets in Risk-Off Mode

Oil fell from its strongest close in nine months, hampered by weaker risk sentiment in global markets.

December 7, 2020

VTNA Unveils Plan for Launch of VNR Electric Sales

Volvo Trucks North America announced a far-reaching plan for the launch of its heavy-duty VNR Electric model.

December 3, 2020

OPEC+ Agrees on Gradual Easing of Oil-Output Cuts Next Year

The Organization of Petroleum Exporting Countries and its allies reached an agreement to ease its oil-output cuts next year more gradually than previously planned, giving a fragile market more time to absorb the extra supply.

December 3, 2020

Elon Musk’s $139 Billion Fortune Leads Huge EV Wealth Gains

Elon Musk’s dizzying ascent in 2020 hit a new peak this week as he’s about to become the head of an S&P 500 Index company. That’s just days after surging to the second-richest person on the planet with a $139 billion fortune.

December 3, 2020

Cars on Hyundai’s Electric Platform Can Charge 80% in 18 Minutes

Hyundai Motor Group plans to build 23 electric vehicles on its new EV-dedicated platform, and is aiming to sell 1 million of the cars worldwide by 2025, the South Korean automaker said Dec. 2.

December 2, 2020