The Tesla Model S and Tesla Model X are among the recipients of the Kelley Blue Book “Best Resale Value” award for 2023. A common trait among the hot new electric vehicles currently on sale is their incredible resale values. Vehicles like the Rivian R1T, GMC Hummer EV, and Ford F-150 Lightning have become appreciating […]
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Ferrari (NYSE: RACE) overtook Tesla (NASDAQ: TSLA) as Morgan Stanley analyst Adam Jonas’s favorite automotive stock today. Ferrari and Tesla have been two of Morgan Stanley’s favorite stocks in the automotive sector, and for the past few years, Jonas has spoken highly and positively of both. However, Ferrari has a few distinct advantages that may […]
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Tesla cut prices again this morning, and competitors, who have decided to either take the same strategy by slashing prices themselves or have chosen not to play into Elon Musk’s game, are in a weird and awkward position. Tesla Model S and Model X units were the most recent vehicles in the automaker’s lineup to […]
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Lordstown Motors (NASDAQ: RIDE) remains resilient as its story continues to be one of trying times, low cash flow, and miscues in early production. It is the latest revelation in automotive startups attempting to enter the competitive field of electric vehicles, and Lordstown is hanging on after it reported its Q4 earnings report on Monday. […]
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Tesla sales in Germany have continued to climb, jumping by 87.8% compared to the first two months of last year. Tesla has continued to make a name for itself in Europe’s biggest car market, Germany. Month over month, it has grown sales considerably, largely thanks to its newest European manufacturing center, Giga Berlin. Now, the […]
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Tesla will reportedly meet with officials from Indonesia “in the coming days” to potentially discuss an additional production facility that would serve the Asian market. Indonesian Senior Cabinet Minister Luhut Pandjaitan said he is set to meet with company officials in the coming days when discussing new incentives that could attack EV investments by major […]
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Tesla Giga Shanghai was recently featured in an exclusive walkthrough from China’s Xinhua News Agency. Over the course of the video, a number of key factors about the massive electric vehicle factory were shared. These included the facility’s “Tesla Speed,” which is quite remarkable. Giga Shanghai has become a crucial part of Tesla’s global operations today. […]
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Tesla reduced the price of the Model S and Model X in the United States. Based on the company’s configuration page, Tesla reduced the Model S and Model X prices between $5,000 to $10,000. The base Model S sedan now costs $89,990, while the Plaid version starts at $109,990. Previously, the base Model S was […]
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The EV division of Volkswagen’s Scout Motors brand officially announced that its first electric vehicle would be a $40,000 SUV. The all-electric Scout SUV will be built in a new $2 billion factory in South Carolina. Volkswagen did not elaborate more on its upcoming $40k electric SUV under the Scout name. However, in a recent […]
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Mercedes has broken ground on a new battery recycling facility in Germany, focusing on “closing the loop” and allowing the automaker to source more battery materials sustainably. Two of the biggest challenges in the industry of electric vehicles are the price of battery materials and what happens with batteries when they are at the end […]
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