American electric vehicle maker Tesla has been fined KRW 2.85 billion ($2.2 million) by South Korea’s antitrust regulator for allegedly failing to inform customers about the reduced driving range of its electric vehicles in cold temperatures. As per the Korea Fair Trade Commission (KFTC), Tesla has exaggerated some of its vehicles’ capabilities on its official website. Specifically,…
Tesla’s global vice president and CEO of the Greater China region, Tom Zhu, took over responsibilities for sales, service, and deliveries in North America, Electrek reported, citing sources familiar with the matter. The publication noted that Zhu’s title remains vice president in charge of Asia/Pacific, but he’s been added to the North American sales service and delivery…
A Tesla Megapack-powered project being developed by Neoen at Queensland Green Power Hub has been given the green light for construction. This marks Neoen’s fourth big battery system in Australia and will bring Neoen’s total battery capacity in operation or under construction around the world to over 6 GW. Neoen plans to achieve 10 GW…
Polestar has posted a video online showing off the hot new Polestar 2 BST 270 on track. For those who are unfamiliar with the Polestar brand, it got its start back in the mid-90s as a Volvo performance modification garage. But after the company gained critical claim, Volvo purchased the company and began to integrate…
Tesla is holding its 2023 Investor Day on March 1, 2023, at Gigafactory Tesla, the company said in a new press release. Tesla will live stream the event and invites some of its institutional and retail investors to attend in person. “Our investors will be able to see our most advanced production line as well as…
The Tesla Semi outperforms both diesel and electric truck competition, according to a new specification analysis. While many consumers have been wary of electric vehicle technology, particularly in the United States, this concern has come to a head following the release of the Tesla Semi. As semi-trucks are responsible for a significant amount of the…
Tesla (NASDAQ:TSLA) has posted its fourth quarter and full-year 2022 vehicle delivery and production report. As per the electric vehicle maker, it was able to produce a total of 439,701 and deliver 405,278 vehicles in the fourth quarter. Specifically, Tesla was able to produce 20,613 Model S and Model X and 419,088 Model 3 and Model…
An anonymous “Premium German automaker” has placed a massive order for next-generation EV components from a German parts supplier. Rheinmetall, a German auto parts supplier, has announced a massive order for next-generation EV components. The deal, worth “over a quarter billion euros” ($276 million), will be a vital part of the anonymous “premium German automaker’s”…
Tesla (NASDAQ: TSLA) is set to report Q4 and Full Year 2022 delivery figures as early as today, and analyst Dan Ives believes the company is in line to publish its strongest final quarter figures in company history. Wedbush analyst Dan Ives said that he believes Tesla is set to report between 415,000 and 420,000…
Tesla and electric vehicle supporters are responding negatively to the Inflation Reduction Act’s qualified cars for its EV incentive. Based on the list of vehicles that qualify for IRA’s $7,500 tax credit, popular battery-electric cars like some variants of the Tesla Model Y and the Ford Mustang Mach-E will not be getting any incentives from…