Stellantis is investing millions in innovative wind tunnel technology at its Michigan center. The company believes the new tech can help increase the driving range for upcoming EV models from Jeep, Dodge, and other Stellantis brands. Stellantis unveiled its new Innovative Ground Plane (MPG) technology this week. The company invested $29.5 million into its research
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To promote emissions-free rides in the UK, Uber has teamed up with Lotus to deploy a fleet of the latter’s Eletre Hyper EVs around London. Now through the end of November, London commuters can book a ride in an Eletre by selecting Uber Green in their app. Better yet, the rider who saves the most
Tesla CEO Elon Musk was asked about when the next-gen Roadster would be available during today’s earnings call, and his answer left much to be desired. On Tesla’s Q2 earnings call in July, Musk was asked when the Tesla Roadster is coming. He responded that the vehicle would go into production in 2025, the latest
Elon Musk finally admits Tesla’s HW3 might not support full self-driving and that he doesn’t actually know what it will take. Millions of Tesla vehicles are equipped with HW3 computers. For the better part of the year, we have been reporting that Tesla can’t achieve its promise of “full self-driving on HW3, and it needs
Tesla (TSLA) released its financial results and shareholders letter for the third quarter (Q3) of 2024 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 Q3 2024 earnings expectations As we reported in our
With the release of its financial results for Q3 2024, Tesla (TSLA) is predicting a record fourth quarter – a rare prediction for the automaker. Tesla missed revenue expectations by about $300 million last quarter, but it did beat earnings per share by $0.12 with an EPS of $0.72 – thanks to higher-than-expected margins last quarter.
Tesla said today that it remains on track to produce and launch “more affordable models” in the first half of next year, but it shared no new details on when we might expect to hear more. For several years now, Tesla has been teasing everyone with the promise of more affordable models. While the Tesla
Tesla has confirmed that it produced its 7 millionth electric car yesterday — a great milestone for a company that greatly accelerated the electrification of the auto industry. Tesla produced its millionth vehicle back in early 2020 after 16 years of existence. In the next 4 years, it managed to produce 6 million more electric
As many rivals are being squeezed out of China by low-cost EVs, Hyundai has a plan to fend off the competition. According to a new report, Hyundai is pouring resources into launching its first dedicated EV in China, due out next year. Although electric vehicle sales continue climbing in China, the largest EV market globally,
Ford CEO Jim Farley has been driving a Chinese EV over the past six months, calling it “fantastic.” After flying the Xiaomi Speed Ultra 7 (SU7) from Shanghai to Chicago, Farley doesn’t want to give it up. It’s no secret that China is dominating the EV industry, aside from Tesla. Farley recently sounded the alarm,
Volkswagen’s flagship electric sedan, the ID. 7, will not launch in the US this year as expected. Even though EV sales are slipping in the US, the ID.7 will not arrive until at least 2025. The ID.7 is already sold in Europe and China, but US buyers will have to wait (at least) a little
Tesla has unveiled plans for a new Supercharger project called ‘Oasis’, which will include 168 Superchargers combined with its own solar farm and Megapack battery system. Early in the deployment of the Supercharger network, Tesla promised to add solar arrays and batteries to the Supercharger stations, and CEO Elon Musk even said that most stations
Tesla is in talks for a Robotaxi test program in Palo Alto, according to a local official, but the scale is a bit underwhelming. Local Palo Alto news is reporting that the city has confirmed that it held talks with Tesla to use its newly unveiled Robotaxi in its rideshare program (via Palo Alto Online):
On today’s episode of Quick Charge, we know love hurts – but is Elon’s love for convicted felon and sexual assaulter Donald Trump hurting Tesla’s sales? We’ve also got some exciting EV deals and a $27,500 EV with 300 miles of range … and it’s not a Tesla! We’ve also got a first public peek at
Ford commercial truck customers can score a sweet deal on a new Ford F-150 Lightning Pro, thanks to a new $7,500 Fleet Order Discount offer – but that’s just the beginning: there are even more Lightning incentives out there for fleet buyers! Before we get too deep into this new Ford Fleet Order Discount, it’s
Kia’s new entry-level electric sedan, the Kia EV4, is coming soon. It was spotted showing off its unique silhouette ahead of its official debut. It’s been just over a year since we first saw the EV4 during Kia’s first annual EV Day last October. The EV4 concept is part of Kia’s new low-cost electric car
I just came back from driving about 200 miles (350 km) using Tesla’s (Supervised) Full Self-Driving, and the system is getting better, but it’s also getting more dangerous as it gets better. The risk of complacency is scary. Last weekend, I went on a road trip that covered about 200 miles from Shawinigan to Quebec
Tesla (TSLA) is about to release Q3 2024 financial results on Wednesday, October 23, after the markets close. As usual, a conference call and Q&A with Tesla’s management are scheduled after the results. Here, we’ll look at what the street and retail investors expect for the quarterly results. Tesla Q3 2024 deliveries Elon Musk says
Researchers now estimate how much “white gold” may be found in southern Arkansas’s vast lithium reserves: up to 19 million tons, or enough to meet the projected 2030 world demand nine times over. United States Geological Survey (USGS) researchers used water testing and machine learning to get an estimate of what might be found in
Tesla is already in ‘full discount mode’ in the US despite being only a few weeks into the quarter – just as the CEO claims that Tesla’s sales are at an “all-time high”. Generally, the best time to buy a Tesla is at the end of a quarter. Due to its direct-to-consumer model, Tesla doesn’t
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