Tesla employees from Ukraine who have been asked to return to their country to fight in the ongoing war against Russia will keep their employment and be paid their salary for three months. Following the three months, Tesla would reassess the conflict in the region and their employees’ situation to decide what should be done…
Tesla’s domination of the United States electric vehicle sector continues Tesla’s Model Y, Model 3, and Model S claimed the top three spots of January’s U.S. BEV registrations, with its top two models combining for well over 60 percent of the total electric vehicle sales during 2022’s first month. The Model X was ninth on the…
The Hyundai IONIQ 5 all-electric vehicle has been named the 2022 Hispanic Motor Press Electric Vehicle of the Year. The Hyundai IONIQ 5 was unveiled in late February 2021 and is built upon the company’s Electric-Global Modular Platform, also known as E-GMP. The vehicle combines comfortability, performance, and versatility to offer a unique driver and passenger experience.…
The Securities and Exchange Commission, or SEC, asked a judge for permission to disburse $40 million in funds to investors that were collected as part of a 2018 settlement with Tesla and its CEO Elon Musk. The SEC said in a filing on Tuesday night that it was ready for a “fair and reasonable” means…
T&E’s analysis of imports, dependency, trade value, ports and pipelines. Transport is the largest consumer of oil in the EU, and the EU is dependent on imports for 97% of its oil products. One out of four barrels of crude oil that supplies the Bloc comes from Russia. In the context of the Russian Federation’s…
What trends can we look out for this year in the automotive space? According to Dawn Alcott at Go Banking Rates, “If you look at the top three automotive trends for 2022, you may think it’s a page straight out of the Tesla playbook. Cars.com, a car-shopping marketplace, identified three trends driving [the] consumer motor vehicle business…
For much of the auto industry’s recent history, luxury auto sales have been dominated by Lexus and BMW. However, Tesla’s push toward the emergence of the electric vehicle is expected to change that in the years to come. Tesla is on track to outpace luxury automaker sales from Lexus and BMW, amidst a major shift to…
As gas prices across the globe continue to rise, Tesla has extended its free Supercharging program for customers who are currently affected by the situation in Ukraine. As per a recent message from the company, free charging services have now been activated at all Superchargers across Poland and Slovakia. Following is Tesla’s message: “We are…
The Taycan may be one of Porsche’s most popular models today, but the crisis in Ukraine has resulted in the sports car maker temporarily suspending the production of its flagship all-electric sedan. The Taycan’s production at Porsche’s Stuttgart-Zuffenhausen factory will be halted until the end of next week, according to a company statement. Porsche notes…
With electric vehicles becoming more prolific, raw materials used in battery packs have become hot commodities. And according to Morgan Stanley analyst Adam Jonas, the rising price of one particular material — nickel — could result in general electric vehicle prices seeing a $1,000 price increase. Nickel has seen a rapid rise as of late,…