The luxury automaker is planning to unveil the electric vehicle we have all been waiting for. In September, Mercedes-Benz will show off a preview of its new entry-level EV, a CLA-sized electric sedan, at IAA Mobility 2023 in Munich, Germany. Mercedes will give us a sneak peek into its next-gen electric vehicles later this year
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Porsche’s electric sports car just set a record. The Porsche Taycan traveled from Thailand to Singapore (a 1,146-mile trip) in under 30 hours, making it the fastest all-electric vehicle to do so. Porsche Taycan sets new EV record in Southeast Asia Three journalists took on the nonstop driving challenge in Southeast Asia, taking a Porsche
Tesla has started to offer 84-month (7-year) loans on its electric vehicles in order to lower monthly payments amid high-interest rates. If you haven’t been following the world of economics lately, policies have led to extremely high interest rates, which is affecting the borrowing capacity of most people, especially when it comes to large purchases
Japan’s largest automaker, Toyota Motor, is laying off workers in China as the company struggles to keep up in the world’s biggest EV market. Toyota lays off workers amid China’s EV transition Japanese automakers are stumbling in China’s evolving auto landscape. According to a new report from Reuters, Toyota’s joint venture with China’s Guangzhou Automobile
A picture of a Tesla Cybertruck with a wrap that makes it look like a Ford F-150 has leaked from a Tesla shop. It looks like Tesla is trolling, but more importantly, the picture raises questions about the Cybertruck’s frunk. Lately, we have seen several Tesla Cybertruck prototypes with wraps driving in California. The automaker
A driver’s license for an electric bike? It could be coming soon in California, believe it or not. That’s if some state lawmakers who drafted Assembly Bill 530 get their way. The new bill has been proposed to create such a driver’s license in California. The move is in response to many young electric bike
Does Ford have an issue with its growing EV inventory? Ford Model e’s vice president of electric vehicle programs, Darren Palmer, says “it’s a little premature” to worry about EVs piling up. Is higher EV inventory a concern for Ford? A new report this past week from Cox Automotive highlighted a record in EV sales
A Tesla Cybertruck with a new darker camouflage wrap has been spotted and it gives the electric pickup truck an interesting look. Last month, a Tesla Cybertruck was spotted with a camouflage wrap for the first time, and it started some rumors. Automakers often camouflage their vehicles ahead of them entering production. Historically, Tesla hasn’t
Utility-scale solar and wind are on track to provide 25% of the US’s installed electrical generating capacity within three years, according to newly released FERC data. The Federal Energy Regulatory Commission’s (FERC) latest monthly “Energy Infrastructure Update” (with data through May 31, 2023) reports that wind now accounts for 11.63% of total installed generating capacity,
Toyota’s joint venture in China, FAW-Toyota, issued a recall plan for its electric sedan in China. The recall affects over 12,000 Toyota bZ3 models produced this year due to defective rear door handles. Toyota revealed the bZ3 electric sedan last October as part of its plan to recapture market share in the region. The bZ3
Tesla has launched its electric vehicles in Malaysia as part of its latest expansion in a new market. Now that the Model Y is firmly the best-selling passenger vehicle in the world, Tesla is looking to expand into more markets, especially in Asia. The automaker launched in Thailand recently. Now Tesla is turning its attention
Tesla (TSLA) delivered a wild amount of energy storage again last quarter, but its solar business is significantly down. Yesterday, Tesla released its Q2 2023 financial results. With the release of its results, Tesla always disclosed the amount of energy storage and solar power it deployed during the last quarter. The company confirmed that it
Tesla’s (TSLA) stock crashed more than 8% on Elon Musk disclosing that he anticipates lower production this quarter and another recall that is a “real” one this time. Yesterday, Tesla released its Q2 2023 financial results, and it beat Wall Street expectations on both revenue and earnings. Despite the beat, Tesla’s stock was down by
Tesla appears to be ready to take Bitcoin payments again after briefly doing it a few years ago, but stopping after pressure about going against its mission. Tesla’s history with Bitcoin Early in 2021, Tesla invested $1.5 billion in Bitcoin. Shortly after, the automaker started accepting the cryptocurrency as payment on new vehicles. However, a few days later,
Elon Musk confirmed that Tesla is currently in ‘early’ discussion to license its self-driving technology with a ‘major’ automaker. At the end of his opening remarks for Tesla’s Q2 2022 earnings call following the release of the automaker financial results, CEO Elon Musk said that he wanted to “strongly emphasize” that Tesla is open to
Tesla has released an update about its Cybertruck program and claimed it will be the first sub-19 ft pickup truck with four doors and a bed over six feet. Just a few days prior to the earnings report, Tesla announced that it had “built the first Cybertruck at Gigafactory Texas.” We were surprised by the
Tesla says that it will finally allow owners who bought its Full Self-Driving (FSD) package, valued at up to $15,000, to transfer the software package to a new car, but only if they place an order this quarter. It’s something that Tesla owners have been asking about for a long time. The idea is that
Tesla (TSLA) released its financial results and shareholders letter for the second quarter of 2023 after market close today. We are updating this post with all the details from the financial results, shareholders’ letter, and the conference call later tonight. Refresh for the latest information. Tesla Q2 2023 earnings expectations As we reported in our Tesla
Nissan is adopting Tesla’s North American Charging Standard (NACS) starting in 2025, the first Japanese automaker to make the move. Nissan EVs will use Tesla NACS in a first for Japan Starting next year, Nissan will provide a NACS charging adopter for its first electric SUV, the Ariya, enabling drivers to access Tesla’s Supercharge network.
Tesla has revealed its plan for Gigafactory Berlin expansion with battery production and more, as it seeks approval for the plan. Gigafactory Berlin is Tesla’s first full-scale factory in Europe. It is now producing over 5,000 Model Y vehicles per week, but the automaker always had much bigger plans for the factory. Tesla is currently