Fuel

Tesla Inc. plans to sell as much as $5 billion of shares, capitalizing on its high-flying price and on a recent stock split that made it more accessible to individual investors.

The price of diesel jumped by 1.5 cents nationwide to $2.441 a gallon, the Energy Information Administration reported Aug. 31, as much of the nation’s oil exploration and refining capacity was shut down because of two severe-weather events.

California regulators have unanimously approved a sweeping regulation that will lower oxides of nitrogen and particulate matter emissions for new trucks built beginning in 2024.

Tax rates on diesel and gasoline will go up in New Jersey to offset declines in fuel consumption, which have been exacerbated by the coronavirus pandemic.

Amazon .com Inc. is buying 1,800 electric delivery vans from Daimler AG’s Mercedes-Benz, the retailer’s biggest commitment to date to cut the carbon footprint of its delivery operations in Europe.

Bollinger Motors, a startup already developing an electric pickup truck and large SUV, plans to go into the commercial vehicle business.

Oil stayed in its recent tight range after Hurricane Laura swept through the U.S. energy heartland without appearing to inflict major damage on key infrastructure.

Daimler Trucks North America CEO Roger Nielsen sees the production and sale of new trucks reaching replacement levels by the end of 2020.

Trevor Milton, the founder and chairman of Nikola Corp., is giving the first 50 employees of the electric-truck startup 6 million of his own shares after making a promise when he hired them.

Volkswagen AG’s CEO encouraged Bill Gates to advise governments on how to lower carbon emissions from transportation and renewed his criticism of Germany’s slow abandonment of coal power.