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Santa delivers early as Cruisin Cajun Country Car Club donates therapeutic bikes for 3 special needs children | Local News Stories

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Tesla drives toward $1 trillion club on record Hertz order

By Subrat Patnaik, Sanjana Shivdas and David Shepardson

(Reuters) – Tesla Inc on Monday neared $1 trillion in market capitalization as the company founded by Elon Musk received its biggest-ever order — 100,000 electric rental cars for Hertz.

Tesla shares were up 7.5% at $978, hitting a new record high Monday, following the order. Shares were also buoyed by news of the company’s Model 3 becoming the first electric vehicle to top monthly sales of new cars in Europe.

The news from Hertz comes as Tesla is coping with a backlog of unfulfilled orders for its vehicles and continuing supply chain disruptions, but it does solidify the mainstream appeal of electric cars.

Interim Hertz Chief Executive Mark Fields told Reuters the order will primarily be Model 3 vehicles. Hertz customers can rent a Tesla starting in November and the company will have 3,000 chargers in 65 markets by the end

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Karma Automotive debuts first Club Car Current vehicles produced under contract manufacturing agreement with AYRO


PHOTO (select to view enlarged photo)

MORENO VALLEY, Calif., – JULY 1, 2021 7:47 AM ET – Today, the Karma Innovation and Customization Center (KICC) revealed the first Club Car Current vehicles being produced under a contract manufacturing agreement with AYRO, Inc. . These light-duty electric vehicles (EVs) fill the gap between full-sized trucks and small utility carts for low-speed logistics and cargo services in campus and urban environments. Karma and AYRO previously announced the formation of a partnership to produce vehicles under the arrangement.

The relationship with AYRO is part of Karma Automotive’s ongoing business-to-business (B2B) initiatives, utilizing KICC and the company’s OEM expertise and capabilities, to provide manufacturing, engineering, design, and other services to customers in the mobility space.

By combining AYRO’s end-user, market intelligence and engineering expertise with KICC’s manufacturing capabilities and development experience, the companies aim to deliver      light-duty trucks and electric delivery vehicles to businesses across the U.S. The Club Car

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Karma Automotive Debuts First Club Car Current Vehicles Produced Under Contract Manufacturing Agreement With AYRO | State

MORENO VALLEY, Calif., July 1, 2021 /PRNewswire/ — Today, the Karma Innovation and Customization Center (KICC) revealed the first Club Car Current vehicles being produced under a contract manufacturing agreement with AYRO, Inc. (NASDAQ: AYRO). These light-duty electric vehicles (EVs) fill the gap between full-sized trucks and small utility carts for low-speed logistics and cargo services in campus and urban environments. Karma and AYRO previously announced the formation of a partnership to produce vehicles under the arrangement.

The relationship with AYRO is part of Karma Automotive’s ongoing business-to-business (B2B) initiatives, utilizing KICC and the company’s OEM expertise and capabilities, to provide manufacturing, engineering, design, and other services to customers in the mobility space.

By combining AYRO’s end-user, market intelligence and engineering expertise with KICC’s manufacturing capabilities and development experience, the companies aim to deliver light-duty trucks and electric delivery vehicles to businesses across the U.S. The Club Car Current

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