Tesla is poised to benefit from rapidly dropping lithium prices, particularly in China, where the automaker produces nearly half of its vehicles. No element has become more synonymous with electric vehicles than lithium. None of the modern batteries that make electric vehicles possible could exist without lithium. Hence, the price of EVs has become intertwined with…
Tesla has been hacked at the Pwn2Own hacking event, and the hacking group has taken home a Tesla Model 3 and $100,000. As electric vehicles and their significant amount of integrated software have become more common in everyday life, the security around them has become significantly more critical. In the worst-case scenario, a hacker could…
A pair of Cruise robotaxi vehicles have been caught in an area with downed trees and powerlines during a storm that rattled San Francisco. General Motors’ Cruise robotaxi service has faced mounting pressure in the Bay Area as its robotaxi vehicles continue to find their way into bad situations. Recently, the City government has called on the…
Tesla drivers are ditching the Yoke steering wheel as the company’s recently-released Model S and Model X round wheel retrofit has already sold out. After Tesla refreshed the Model S and Model X several years ago, the vehicles were released with Yoke steering wheels, which was controversial due to the automaker’s decision to not offer…
Tesla has reportedly released a memo to employees stating that the base model Model 3 will likely lose access to EV incentives in the United States in the coming weeks. Besides Tesla’s massive production ramp, the U.S. government’s tax credit for consumers to buy electric vehicles has been a significant driver regarding the demand for EVs. However, with…
Ford CFO John Lawler has revealed that the automaker’s EV unit is on track to lose $3 billion this year as it pursues the industry’s most aggressive EV production ramp. Ford has only recently claimed the spot of #2 EV maker in the United States, but with an incredible production ramp ahead, the company intends to…
Tesla shares (NASDAQ:TSLA) have shown some volatility during the past weeks, but a Wall Street veteran has noted that the electric vehicle maker’s bulls now have a buying opportunity. This was especially the case as the electric vehicle maker will soon be releasing its Q1 2023 delivery and production report. As per The Future Fund,…
A lot of things have happened at Tesla’s Giga Berlin over the past year. The facility’s special paint shop took center stage as Tesla offered two new color options that are only available to Giga Berlin-made vehicles. Model Y production also ramped at a steady pace, reaching 4,000 units per week late last month. But…
It remains to be seen if Tesla was aware that its aggressive pricing strategy would create havoc in the Chinese auto market. But it has, and analysts have noted that some of China’s weaker players may not survive the aftermath. China is the world’s largest electric vehicle market. Thus, Tesla is fully aware of the…
Tesla sales in Norway are on track to dramatically outperform the brand’s nearest competitor in the region, Volkswagen. In recent months, Tesla has dramatically grown its marketshare in Europe, despite the significant number of competing offerings from traditional brands VW Group, Renault, Stellantis, and countless others. Now, the scope of that success is being seen in…