Elon Musk is in a full propaganda campaign to gain Tesla shareholder support against the court’s decision to rescind his CEO compensation plan and now announced that he is going to move for a shareholder vote on moving Tesla’s state of incorporation to Texas. Earlier this week, a judge in Delaware, where Tesla is incorporated,
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Ford announced that it will provide free adapters for Mustang Mach-E and F-150 Lightning owners to access Tesla’s Supercharger network. Ford was the first to sign a deal with Tesla to adopt its charge connector, now known as NACS, in its future electric vehicles. It sent the ball rolling, and now virtually all automakers in
For the first time since 2001, Kia surpassed Hyundai in market value with new affordable EVs rolling out this year. Kia is now South Korea’s fifth most-valued stock at $31 billion (41.3 trillion won). Kia surpasses Hyundai in market value Hyundai, which saved Kia from bankruptcy in 1998, owns around a third of the South
What makes a Lotus, a Lotus? Anyone familiar with automotive history would likely say it’s the coy “simplify, then add lightness” philosophy that defined Colin Chapman’s scrappy sports car manufacturer and UK Formula One legend. But last year, the company began shipping its all-new electric SUV, the Eletre. It weighs 2600 kilograms. It’s built in
A Delaware judge has sided with Tesla shareholders who filed a lawsuit claiming that Elon Musk unjustly secured a $55 billion CEO compensation plan. The plan is now voided by the court. It’s unclear what will come out of this unique situation where Musk could potentially have to give back billions of dollars worth of
BMW Group recently shared a spring update to its growing line of EVs, which now includes a new all-wheel drive variant of the i5. The BMW i5 xDrive40 will kick off production in March and arrive as a 2025 model-year EV, priced between the eDrive40 and M60 variants. The all-electric 5 series is one of
We are finally getting our first looks at the interior of the upcoming Jeep Wagoneer S. Jeep’s first all-electric vehicle in the US is arriving this Fall. Ahead of its debut, Jeep is giving a sneak peek of the electric SUV’s interior. Jeep teases first look at the Wagoneer S EV interior Jeep is hyping
Photo: Volkswagen Commercial Vehicles Renewables firm Helion just switched its entire commercial fleet to fully electric with 100 VW ID. Buzz Cargo vehicles. Helion folks are now cruising around Switzerland in one of the largest electric fleets in the country. The switch happened near Solothurn, northeast of Bern, where 100 Helion technicians who previously handed
Nissan plans to produce lithium iron phosphate (LFP) batteries as it looks to lower EV prices. With cheaper materials, the batteries are about 20% to 30% cheaper to build than lithium-ion batteries with NCM. The move will put it in direct competition with BYD, the leading LFP battery maker. Nissan is developing LFP batteries to
Automobili Lamborghini has shared intentions to expand its “Direzione Cor Tauri” strategy to decarbonize its entire value chain and significantly reduce carbon emissions per car by the decade’s end. The famed hypercar developer’s product timeline includes launching several new electric vehicles, including a successor to the Lamborghini Urus. Automobili Lamborghini S.p.A. is a renowned Italian automaker
Although Toyota held its title as the top-selling automaker, the industry is shifting beneath it. Toyota sold over 100,000 EVs in 2023, but that’s still less than 1% of the record 11.2 million vehicles handed over last year. Toyota sold 104,018 EVs in 2023: Is it enough? The automaker announced its 2023 global sales results
California hit a new record last year with 21.4% of new cars being all-electric, and once again Tesla led the pack with the two best-selling cars in the state, the Tesla Model Y and Tesla Model 3. But Toyota narrowly maintained its leadership as the top-selling brand in the state, with Tesla nipping at its
Tesla (TSLA) confirmed that it is increasing its planned capital spending to $10 billion this year as it tries to achieve its next growth phase. Lately, Tesla has described itself as being “between two major growth waves”. The first wave was the ramp-up of Model 3 and Model Y production, which appears to be now
Photo: Octopus Electric Vehicles US Octopus Electric Vehicles just launched DriveFree, a used EV leasing program, and it comes with unlimited free home charging. Octopus Electric Vehicles is part of the UK-based energy tech giant Octopus Energy Group, which first launched Octopus Energy US in Texas in 2020 after acquiring Evolve Energy. To lease and
French automaker Renault just canceled its planned IPO for its EV spinoff Ampere. While the IPO was scheduled for the first part of this year with an expected valuation of up to €10 billion ($10.47 billion), Renault says that market conditions aren’t optimal to make the move. The close of trading today in Europe brought
Hyundai dealerships are modernizing as the brand looks to build upon its growth in the EV market this year. Hyundai’s IONIQ 5 is already a top seller at some dealers. With new electric models rolling out, like the three-row IONIQ 7 SUV, Hyundai has the “whole gamut covered.” Hyundai’s IONIQ 5 is a top-selling EV
Tesla’s chairwoman, Robyn Denholm, has signed a new contract with the company to prepare to sell up to $50 million worth of TSLA stock. Denholm an Australian businesswoman who has long been the head of Tesla’s board of directors. She came to the role after CEO Elon Musk was forced to step down from the
Although we expected to see two new entry-level Kia EVs roll out this year, it looks like it will only be one. According to local media reports, Kia is delaying its EV4 electric sedan until 2025 Kia delaying EV4 electric sedan until 2025 Kia revealed the EV4, alongside the EV3 concept and EV5 compact electric
2023 was yet another pivotal year for EVs as the segment began to expand beyond early adopters and into the early majority. What should come as no surprise to most people is that American automaker Tesla dominated Google Trends search data for EVs last year. Still, gas and hybrid specialist Toyota remained the most searched
Tesla is taking up a fight to defend Elon Musk’s tweet that threatened to remove employee stock options if they decide to unionize all the way to the Fifth Circuit court of appeal. This is coming out of an old fight dating back to the UAW’s last unsuccessful push to unionize workers at Tesla’s Fremont
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