Wednesday, 12 April, 2023

Arrival Pulls a Double SPAC, Tesla Keeps Slashing Prices, and New York Auto Show Highlights

Tesla continuing to lower its prices, and highlights from the New York Auto Show. Arrival's double SPAC deal values the company at $13 billion and provides funding for its microfactory expansion plans. Meanwhile, Tesla is reducing its prices for the third time this year to stay competitive, and the New York Auto Show showcases upcoming EV models from various automakers.