Update: 11:06 AM EST: Paragraph 7 added to show the probability of the driver having a medical emergency. California Highway Patrol saw the vehicle and noted the driver was awake after catching up to the car. A Tesla Model Y with a sleeping driver was recently spotted on the I-15 Freeway near Temecula, California, which […]
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Ferrari is taking a page out of the Tesla Roadster’s notebook after the Italian supercar company recently applied for a patent for a “pulsejet” system that aims to increase vehicle performance and is similar to what Elon Musk has in store of the reiteration of its first-ever car. Although the Italian carmaker first filed the […]
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Tesla has increased prices on its Model Y all-electric crossover and cut prices on the Model 3 sedan. Tesla’s Model Y Long Range increased $1,500 from $53,490 to $54,990 last night, while Model Y Performance trims went up $1,000 from $56,990 to $57,990. Model 3 Rear-Wheel-Drive vehicles also felt a slight cut by just $500, […]
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Tesla CEO Elon Musk was found not liable in a case where investors sought to recover losses after he Tweeted that he had secured the necessary funding to take the automaker’s stock private in 2018. Investors sued Musk, Tesla, and the company’s board, claiming that the CEO’s communications on social media network Twitter had cost […]
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Tesla stock (NASDAQ: TSLA) continued to climb on Friday following news that Model Y vehicles would completely qualify for electric vehicle tax credits. The stock has risen over 77 percent so far this year after a broad market downturn that widely hurt the tech and automotive sectors in 2022. Tesla stock is up around 1 […]
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Tesla’s complete lineup of Model Y trim levels now qualifies for electric vehicle tax credits through the Inflation Reduction Act, as the Internal Revenue Service (IRS) has increased the applicable MSRP limit to $80,000 across each of the all-electric crossover’s configurations. In December, the IRS released a list of vehicles that would qualify for the […]
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Ford is in “deep development” of its next-generation electric vehicles, including a new, full-size EV pickup that will complement the automaker’s already-successful F-150 Lightning. Ford has been working on several new developments for its “Model e” division dedicated toward EVs in hopes of creating an industry-leading platform. One of these developments, revealed last year, was […]
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Tesla is considering options outside of Nuevo Leon for a potential production facility in Mexico as concerns with energy supply by the Federal Electricity Commission (CFE) have established potential barriers for the location. According to several media outlets in Mexico, Tesla and its CEO Elon Musk had outlined its needs for water, roads, labor, and […]
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Tesla battery partner Panasonic cut its 2023 outlook by 12.5 percent after it missed earnings expectations. The Japanese company will lean on automotive batteries, including the 2170 and 4680 chemistries, to improve profitability for operations this year. Panasonic’s Earnings Call on Thursday revealed it struggled with headwinds caused by a weakened global economy and high […]
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Rivian (NASDAQ: RIVN) is expected to layoff six percent of its workforce following pressure from EV rivals, which have cut prices significantly already in 2023, putting pressure on electric vehicle makers attempting to reach profitability. According to an internal memo seen by Reuters, Rivian is axing six percent of its employees in an effort to save […]
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