The automakers botched name-change prank has landed it in hot water with financial regulators, German outlet Der Spiegel reports.
"We're talking millions of cars, massive global supply chain, 50 countries, dozens of regulatory regimes," Musk said on a Monday call.
Musk said the Model Y would likely be the "best-selling car or truck of any kind in the world." Tesla currently only makes the SUV at two factories.
The questionable practice underscores that using pre-orders as a proxy for sales may not be the best way to evaluate aspiring automakers.
The unusual show of public protest in China was met with a rare apology from the electric-car maker.
China's best-selling electric car, the Hong Guang Mini EV, now comes in three colors, and a convertible is planned for 2022.
The woman yelled about Tesla cars having defective brakes before being dragged away by security, several news outlets reported.
The Mercedes-Benz EQB will hit US dealerships following the EQS, the German automaker's flagship luxury EV.
With 19 options on the market, there's never been a better time to buy an EV - whether you're in the market for a six-figure sport sedan or a compact hatchback.
Mazda's MX-30 EV will only be available in California to start, but the company plans to follow it up with a hybrid version.
The $59,900 Polestar 2 was named Insider's Car of the Year in 2020. Now the EV is getting a lower starting price and more range.
The GMC Hummer EV pickup is getting an SUV sibling with supercar-like power and a six-figure price tag.
What happens when a notoriously anti-union carmaker sets up shop in a country with one of the strongest traditions of organized labor?
Tesla delivered 184,800 cars to customers between January and March, despite a brief factory shutdown and supply chain issues.
The company's share price popped 10% on the phony news, which was rolled out well before the April 1 holiday.
Labor renewed its commitment to making access to and ownership of electric vehicles easier at its national conference on Wednesday. The party said it will cut tariffs on electric vehicles that are priced below the luxury car tax threshold for fuel-efficient vehicles. It comes as industry criticises Australia’s slow uptake […]
The brand previously said its electric vehicles would come with exterior "Voltswagen" badging. Now it's reportedly walking back the announcement.
Owners of plug-in hybrid Jeeps will be able to charge up for free through a mobile app.
Some cryptocurrency investors may soon learn about the IRS' capital gains tax the hard way, thanks to bitcoin's meteoric price surge this year.
Australia is 10-12 years behind the rest of the world’s uptake of electric vehicles, according to e-mobility expert Dr Jake Whitehead. “If they were serious about climate change, they’d be serious about the uptake of electric vehicles,” he said of the government’s approach. Sales figures in China are expected to […]
Musk Metals shares pulled back from a surge that followed the miner's deal to acquire a lithium property named "Elon".
Don't get thrown off just because this is the "affordable" Porsche Taycan. It's just as much of a tour de force as the more expensive models.
Come 2023, you'll be able to cruise off the lot in an electric Volkswagen Microbus, a sleek Cadillac Lyriq, or a burly GMC Hummer EV.
Chinese officials are concerned that Tesla vehicles could secretly gather sensitive information through their cameras, multiple outlets report.
Authorities plan to remove the Tesla's black box and SD card to identify whether the driver was using Autopilot at the time of the crash.
BMW on Wednesday took the wraps off of a new electric Tesla challenger - the i4 - and announced it's ramping up its EV plans.
BMW launched iDrive in 2001 on the 7 Series. Now, 20 years later, the system has evolved into a giant touchscreen that can tell who's speaking to it.
Analysts at the bank said electric vehicles may eventually become drastically cheaper than gas-powered ones - but they stopped short of saying when.
Under the deal, Tesla may be able to buy nickel for the lithium-ion batteries, which are key for powering the electric cars.
Ample hopes to ease the range-bound anxiety of driving an electric car by making charging stations as fast and readily available as gas stations.
"Tesla is not going to be king of the hill in electric forever," former Tesla board member Steve Westly said, citing EV newcomers like GM.
Volvo follows in the footsteps of a handful of car companies - GM and Ford included - that have pledged to eliminate gas-powered cars.
You can expect Washington, D.C., Boston, Seattle, and South Florida, and many other areas to be home to Polestar's new locations this year.
State-owned SAIC Motor sold almost twice as many of its budget EVs in China in January than Tesla did of its Model 3, the BBC reported.
The 2022 Ioniq 5 is the first battery-electric car from Hyundai’s dedicated EV brand. With the biggest battery and rear-wheel drive, Hyundai estimates it to return about 300 miles. No price was announced at this time, but you can expect them to arrive in the US later this year. Visit […]
Good news for anyone who carries a bag: the 2022 Hyundai Ioniq 5 EV, which will arrive this year and likely start above $30,000, has a spot for it!
A Tesla board member with an appetite for cryptocurrency may be behind the company’s bitcoin investment. Antonio Gracias is the director of two cryptocurrency companies through his investment firm. Tesla’s $US1.5 billion bitcoin purchase helped the cryptocurrency cruise to record highs. Visit the Business section of Insider for more stories. […]
Antonio Gracias, who will leave the company's board this year, has multiple stakes in cryptocurrency companies through his investment firm.
Toyota said it will build three new electrified cars for the US market this year. Two will be battery-electric and one will be a plug-in hybrid. The unknown BEVs will be the first mass-produced BEVs from Toyota. Visit the Business section of Insider for more stories. Toyota is the undisputed […]
2020 was a massive year for electric vehicles, but 2021 may be even better. Battery-powered pickups, SUVs, luxury sedans, and more – ranging from around $US40,000 into the six figures – will hit US roads by the end of 2021. Over the next year, upstarts like Rivian, Bollinger, and Lucid […]
A Porsche Taycan Turbo S EV just set a new Guinness World Record for fastest indoor vehicle speed. It was achieved at the Ernest N. Morial Convention Centre in New Orleans, Louisiana. The old record was 86 mph. The Taycan’s new record is 102.6 mph. Visit the Business section of […]
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Mercedes-Benz on Wednesday unveiled the 2022 EQA 250 crossover. The electric vehicle will rival small crossovers like the Tesla Model Y when it hits European streets. Mercedes is still considering whether to bring the crossover to the US, a spokesperson said. Visit Business Insider’s homepage for more stories. Mercedes-Benz on […]
An electric-car battery that can be charged in five minutes was announced on Monday. Standard electric-vehicle batteries take about eight hours to fully charge. The faster charging capability would make EVs more accessible to the general public. Visit Business Insider’s homepage for more stories. An electric-car battery that can be […]
Electric vehicle startup Rivian said Tuesday it has closed a $US2.65 billion funding round. It has raised $US8 billion since 2019 from investors including Amazon, Ford, and BlackRock. Rivian is set to start delivering its battery-powered SUV, pickup truck, and delivery van this year. Visit Business Insider’s homepage for more […]
The Hastings-on-Hudson Police Department in New York announced it took delivery of a Tesla Model Y police car in December. The announcement met backlash online from social media users who felt that an electric luxury car is excessive use of taxpayer dollars. The department said the purchase is part of […]
Tesla’s new Boombox mode came in late December as part of a holiday firmware update. The feature lets drivers change the sound their car makes when driving, swap out the horn, or broadcast music from the car’s media player. Since Tesla released the feature, numerous videos have appeared online of […]
Tesla stock climbed as much as 3.4% in pre-market trading on Monday. Elon Musk’s automaker exceeded its production target of 500,000 vehicles last year, and fell just short of 500,000 deliveries. “So proud of the Tesla team for achieving this major milestone!” Musk tweeted about the news. The electric-car company’s […]
Apple climbed as much as 3% on Tuesday following a Reuters report on Monday afternoon that the tech giant aims to produce electric cars by 2024. The company will aim to compete in the electric vehicle market with battery innovations that improve vehicle safety, packaging, and range, according to the […]
I tested a well-equipped, $US56,200 Ford Mustang Mach-E, the Detroit automaker’s flamboyant new all-electric crossover. The Mach-E has the Tesla Model Y squarely in its sights. But the Mach-E is a very visceral EV – much more emotionally satisfying to drive than any electric car I’ve yet tested – and […]
Electric-vehicle startup Aptera has taken more than 3,000 orders for the futuristic, three-wheeled EV it launched this month. Aptera claims it has built the first “never-charge solar vehicle,” and says the vehicle’s integrated solar panels can deliver thousands of miles of driving range each year. The startup plans to start […]
Electric-vehicle startup Aptera closed down in 2011, but it’s back with an extraordinarily efficient EV it says never needs charging. The lightweight, three-wheeled vehicle promises up to 1,000 miles of range, more than double that of the longest-range EV currently on the market – the Tesla Model S. It has […]
Tesla said on Tuesday it will sell up to $US5 billion worth of its shares over time. Elon Musk’s electric-car company said on Tuesday that it has signed up 10 banks to sell its common shares “from time to time” in an “at-the-market” or follow-on offering. Tesla stock has soared […]
A Beijing court ordered Tesla to pay $US175,000 to a secondhand Model S buyer for concealing crash damage, Chinese outlet Caixin reported. The buyer discovered that parts of the car were welded together after it broke down multiple times, Caixin said. The used cars Tesla sells are supposed to exhibit […]
Ford on Tuesday announced details of the Mustang Mach-E GT Performance Edition, and it’s the most powerful version of the electric SUV yet. It claims a 0-60-mph time of 3.5 seconds, which is exactly the same as its biggest competitor, the Tesla Model Y Performance. The Mach-E GT Performance Edition […]
In the US alone, tailpipe emissions account for almost 20% of all emissions. Countries such as Britain, Canada, France, Iceland, and Sweden have all proposed some sort of emission-free vehicle legislation for the coming years. Already, automakers such as Volkswagen, Geely, and Mercedes-Benz are offering electrified options for buyers. Visit […]
Nikola Motor Company’s Badger all-electric pickup truck was one of the most highly anticipated products from the startup, and on the EV market as a whole. The company also got the attention of General Motors, which partnered with it in a $US2 billion deal to build the Badger. But 2020 […]
The Porsche Taycan 4S is currently the most expensive base-model Porsche EV you can buy. It starts at $US103,800. My loaner came with nearly $US40,000 in options, however, including a $US10,000 brake kit option. In all, the car’s MSRP came out to $US143,690. Visit Business Insider’s homepage for more stories. […]
The Taycan is Porsche’s first EV and comes in four trims: the $US79,900 base Taycan, $US104,000 4S, $US151,000 Turbo, and $US185,000 Turbo S. My 4S loaner came to $US143,690 after options. On paper, Porsche’s iconic gas-powered 911 Turbo S is faster. But in practice, the Taycan 4S feels like it […]
Henrik Fisker is back in the car business with a new company, Fisker, Inc., and a new kind of business model. Fisker aims to capture the imaginations of younger customers who aren’t hung up on horsepower. The company intends to offer a “flexible leasing” option for its Ocean SUV when […]
In the past two months alone, Tesla has hired around 1,000 additional sales and delivery staff across North America, sources familiar with the matter told Electrek. Sales are booming for the electric vehicle company. In October, Tesla posted its most profitable quarter ever. But it must ramp up deliveries if […]
The UK will ban the sale of new combustion-engine vehicles in 2030, a decade sooner than it originally planned. The move comes as part of a “green industrial revolution” plan that Prime Minister Boris Johnson laid out Wednesday. It’s part of a wider goal for the country to become carbon-neutral […]
The National Highway Traffic Safety Administration escalated its investigation into defective touchscreens found on some Tesla Model X and Model S vehicles. The agency upgraded its probe from a “preliminary evaluation” to an “engineering analysis.” The issue impacts approximately 159,000 vehicles built from 2012 to 2018, and the next step […]
BMW unveiled its new iX SUV Wednesday – it will be the brand’s flagship electric vehicle. The SUV claims more than 300 miles of range, more than 500 horsepower, and a 0-60-mph time of under five seconds. It goes into production in late 2021. Visit Business Insider’s homepage for more […]
Tesla hired the head of Mercedes-Benz’s Berlin engine plant, German media reported Wednesday. IG Metall, a union that represents German autoworkers, was outraged by the news and called for members to protest outside the Mercedes factory, according to the reports. The Mercedes plant is bracing for layoffs, as Tesla makes […]
New York’s first Tesla Model 3 taxi – the only battery-powered yellow cab in the city – just hit the streets. The cab, operated by a company called Drive Sally, completed more than 100 trips in its first full weekend of service. Instead of running the taxi 24 hours per […]
Nio hit record highs on Monday after it revealed October deliveries that more than doubled the same month of 2019. Year-to-date, Nio has delivered 31,430 vehicles as of October 31, representing 111% year-over-year growth. Nio manufactures premium electric vehicles and has seen a surge in business over the past year […]
General Motors relaunched the controversial Hummer brand this past week, reviving a paramilitary nameplate once synonymous with testosterone swagger and defiant gas-guzzling, but as an all-electric pickup under GMC division. I begged GM to save Hummer back in 2008, lost the case, and was completely surprised when the brand staged […]
Tesla just reported its fifth-consecutive profitable quarter, setting itself up for its first-ever full-year profit. On a call with analysts and investors to discuss the Q3 results, CEO Elon Musk returned to a preoccupation with manufacturing, an area that he believes could be Tesla’s greatest achievement. Musk wants Tesla to […]
Tesla’s strong third-quarter earnings sent its stock price up as much as 5.5% in pre-market trading on Thursday. Elon Musk’s electric-car maker delivered nearly 140,000 vehicles last quarter, fuelling record operating income of $US809 million and free cash flow of $US1.4 billion. Tesla’s bosses are aiming to deliver 500,000 vehicles […]
GMC opened reservations for its first electric pickup, the GMC Hummer EV, Tuesday night. The first model available will be the “Edition 1” truck, and reservations for it filled up in 10 minutes, a General Motors spokesperson told Business Insider. The Edition 1 starts at $US112,595 and will be available […]
Tesla reports third-quarter earnings on Wednesday after the markets close. Analysts expect a fifth consecutive profitable quarter for a carmaker that’s now the world’s most valuable, and that’s closing in on its first-ever annual profit. Tesla’s China business has helped it to rapidly recover from the coronavirus shutdowns that rocked […]
Tesla will report its third-quarter earnings on Wednesday afternoon. Wall Street analysts expect the company to post revenues of $US8.26 billion and a profit of nearly $US6 million. If the company can match those expectations, it will be one of the automaker’s biggest quarters yet – and its fifth consecutive […]
General Motors will invest $US2 billion to transform its Spring Hill, Tennessee factory in order to build the new Cadillac Lyriq EV. Spring Hill opened in 1990 and gained fame for assembling Saturn vehicles as GM pioneered a “different kind of car company.” GM also said it would invest hundreds […]
EVs from Chevrolet, Jaguar, Audi, and Nissan are seeing thousands of dollars in discounts right now. A 2019 Audi E-Tron can be had for nearly $US20,000 off. When shopping for an EV, consider leasing it, since “factory discounts and rebates tend to favour the lease,” car buying expert Tom McParland […]
Tesla quietly updated its top-selling Model 3. The Model 3 now boasts more range across all three versions. It also gets new black trim on the exterior, refreshed wheel options, and a new centre console with wireless-charging capability. Visit Business Insider’s homepage for more stories. Tesla just updated the Model […]
Tesla leads the US in electric-vehicle sales, but several other brands give it a run for its money on the used market, according to a new study from car search engine iSeeCars. The firm analysed 54,000 used-EV sales to identify the ten most popular electric cars on the secondhand market. […]
Fisker, Inc. announced a deal in which Magna, the world’s largest contract automaker, to take a 6% stake in the EV startup. Magna will also build Fisker’s first vehicle, the Ocean SUV, scheduled for a 2022 production start. According to Fisker CEO and founder Henrik Fisker, the Magna partnership will […]
Elon Musk tweeted that his electric vehicle company Tesla will start making its seven-seater Model Y in November. He said “initial deliveries” of the car will arrive in December. Tesla’s website says the seven-seater version of the Model Y won’t be available until 2021. The seven-seater model is $US3,000 more […]
Tesla will reduce the price of its Model S sedan to $US69,420, the company’s CEO, Elon Musk, tweeted Wednesday. The move came the same day that Lucid Motors, a luxury-EV startup, announced that its base Air sedan will cost $US69,900 after federal tax incentives. Musk said the price change would […]
Tesla’s425% year-to-date rally places the stock at an unsustainable high, Needham analyst Rajvindra Gill said Monday. “We’ve never seen a stock rise that much that fast with such little regard for past fundamentals,” Gill added. Wall Street’s revenue and earnings estimates haven’t kept up with the stock’s meteoric rise this […]
Tesla will release a new beta version of its “Full Self-Driving” feature next week, Tesla CEO Elon Musk tweeted Monday. At Tesla’s “Battery Day” event last month, Musk said that the company had rewritten its Autopilot software and would release a “private beta” soon with “profound” improvements. Despite its name, […]
Piëch Automotive is a Swiss EV sports car startup that’s headed up by ex-BMW, Tesla, Porsche, and Volkswagen employees. Matthias Müller is the newly appointed chairman, formerly of Porsche and Volkswagen after the diesel scandal fallout. He was ousted from the company in 2018. The Piëch GT2 is an all-electric […]
In a global strategy presentation on Tuesday, Mercedes-Benz detailed its electric future. Mercedes’ all-new big-car platform, the Electric Vehicle Architecture, will debut with the EQS in 2021. The EQS will be an all-electric, S-Class-like luxury sedan. Following that will be electrified versions of other Mercedes cars, including AMG, Maybach, and […]
US sales of the new Porsche Taycan EV in Q3 beat out established models like the 911, 718, and Panamera. The Taycan sold 1,858 examples to the 911’s 1,567, the 718’s 1,084, and the Panamera’s 1,064. This is all despite the Taycan having a starting price of $US103,800 – the […]
Geely, the parent company behind Polestar and Volvo, recalled about 2,200 Polestar 2s over a software defect, Reuters reported via Swedish financial paper Dagens Industri. The defect can cause the cars to lose power and stop running, even while they are driving. The recall only affects Polestar 2s in China […]
17-year-old Tesla has become the dominant electric carmaker in the world because it took on huge risks. But it’s now reaping equally huge rewards. With the global EV market poised for growth, automakers are salivating over new sales, and they have Tesla to thank. Tesla still faces considerable risks, but […]
Tesla will start using cobalt-free batteries in certain Model 3s made in China, two unnamed sources told Reuters. Cobalt is very expensive to mine and its production is linked to human-rights violations. In China, Tesla wants to use cobalt-free batteries in all standard-range Model 3s, the sources said. Visit Business […]
Deutsche Bank lifted its profit and sales forecasts for Chinese electric car manufacturer Nio on Tuesday, citing the company’s promising move into the premium autos sector. In a note probing whether Nio can be “the next iconic auto brand,” analysts led by Edison Yu cited growing favorability in the expanding […]
Rolls-Royce plans to bring an electric vehicle to market within the decade, Automotive News Europe reports. There isn’t much demand for an EV from the company’s customers, but the brand is developing one because many cities plan to ban gas-powered cars in the not-too-distant future. Bentley, one of Rolls-Royce’s competitors, […]
Mercedes-Benz released driving footage of its futuristic “Vision AVTR” concept car on Saturday. Mercedes got its inspiration for the car from the film “Avatar” and aimed to develop a “completely new interaction between human, machine and nature.” The car has no steering wheel and can “crab walk” diagonally. Visit Business […]
Two people familiar with the matter said Trevor Milton bought the Nikola One’s design from a designer at EV brand Rimac Automobili, according to the Financial Times. This is despite Nikola saying Milton was responsible for initially designing the One “in his basement.” Nikola is currently involved in a $US2 […]
Tesla’s new 4680 battery cell is an “A-plus” design according to Shirley Meng, a scientist from the University of California San Diego. But she added that Tesla can’t achieve is ambitious goals by itself – to get to ten terawatts of worldwide capacity, other players will be required. “The world […]
Tesla is ideally positioned to take advantage of California’s move to ban internal-combustion vehicle sales by 2035. But Gov. Gavin Newsom’s executive order could also be seen as a potential distraction from a much bigger opportunity for Tesla to grow outside of California and the US. The challenge is that […]
Nikola tanked as much as 22% in Thursday trading after Wedbush analysts led by Dan Ives gave the automaker its first “sell” rating. The team also lowered its price target for Nikola shares to $US15 from $US45, implying a 29% drop over the next 12 months from Wednesday’s close. Wedbush […]
The 2021 Volkswagen ID.4 is the first all-electric car based off its new platform that the automaker will offer in the US. US buying habits gravitate toward SUVs, so the ID.4 is a small SUV, about the size of a Tiguan. The ID.4 is also priced aggressively. It has a […]
Tesla and CEO Elon Musk spent a lot of time talking about a new battery design at the company’s much-anticipated “Battery Day” on Tuesday. Musk also returned to a longtime preoccupation with reinventing manufacturing, what he calls the “machine the builds the machine.” In 2016, Musk came up with the […]
The 2021 ID.4 is Volkswagen’s first all-electric offering here in the US. It’s a small SUV that’s about the size of a Tiguan and has an estimated range of 250 miles. Prices start at $US39,995, but VW reminds us to factor in the potential federal tax credit of $US7,500. Visit […]
Tesla shares slid as much as 5% on Wednesday after the automaker’s “Battery Day” event missed expectations and led some to question the company’s lofty stock price. CEO Elon Musk unveiled new manufacturing processes on Tuesday set to slash Tesla’s battery costs and allow for the production of a $US25,000 […]
Just weeks after GM and Nikola established a strategic partnership, the deal has become embattled amid allegations of fraud against the electric truck startup. The SEC and DOJ are investigating, and Nikola founder Trevor Milton stepped down as chairman this week. His replacement is Stephen Girsky, a GM veteran who […]