Tesla Cybertruck

Lordstown Motors says first-year electric pickup build is sold out

Lordstown Motors sign

A commercial fleet-focused electric pickup from Lordstown Motors Corp. (LMC) is sold out for its first year – if the startup secures the $450 million needed to retool a former General Motors (NYSE: GM) car plant to make full-size trucks.

LMC revealed a prototype of its Endurance on Thursday with Vice President Mike Pence and U.S. Secretary of EnergyDan Brouillette in attendance.

“I really think this is a pickup truck 2.0,” CEO Steve Burns told FreightWaves in a June 23 interview. “We think we’ve...

https://s29755.pcdn.co/news/lordstown-motors-says-first-year-electric-pickup-build-is-sold-out

Tesla eyes $68 million in incentives in Texas for Cybertruck Gigafactory

Tesla has submitted an application for $68 million in tax incentives to build an electric vehicle manufacturing facility in Austin, Texas, according to an application with the Texas Comptroller’s office.

Tesla paid $150,000 on May 21 to file the application for land owned by the Del Valle Independent School District in the Austin area. The incentives would save Tesla money on its property tax bill paid to the school district by capping the property value for 10 years.

The plant could create an...

https://s29755.pcdn.co/news/tesla-eyes-68-million-in-incentives-in-texas-for-cybertruck-gigafactory

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