Tesla Model X Refresh orders that were placed in late 2020 and 2021 are being pushed back to July 2022. Several Tesla customers that ordered the Model X’s new design prior to initial deliveries had their delivery dates pushed back this morning, solidifying CEO Elon Musk’s synopsis that Tesla “dropped the ball” on the all-electric…
I have to admit, I was a bit surprised when GM announced that it would start its new Ultium battery-powered electric vehicle push with the GMC Hummer EV. It just felt a bit strange. I mean, a Bolt EV redesign is right there, and so is the Silverado EV. Why then, would GM start its…
Amidst what appears to be an ongoing stalemate between Tesla and India, reports have recently emerged suggesting that the country is willing to consider the EV maker’s request for import tax cuts. That is, at least, if Tesla would be open to purchasing $500 million worth of domestic auto components from India. A commitment to…
The New York State Common Retirement Fund is currently urging Texas-based electric vehicle maker Tesla to disclose how much the company spends on settling complaints related to sexual harassment and racial discrimination. The Fund’s requests were filed in a shareholder proposal last week after the California Department of Fair Employment and Housing (DFEH) filed its…
Ford and State Farm launched a Tesla-like insurance program called Drive Safe & Save Connected Car. The insurance program is available for customers with certain connected Ford or Lincoln vehicles. Similar to Tesla Insurance, Ford’s Drive Safe & Save insurance program adjusts premiums depending on a vehicle’s mileage and the driver’s driving behavior. Tesla Insurance premiums are…
The Boring Company (TBC) recently announced the commencement of its 2022-2023 Not-a-Boring Competition. TBC invited teams to sign up and register for the upcoming competition via its Twitter account. The Not-a-Boring Competition challenges teams to think of tunneling solutions and find ways to beat TBC’s ultimate rival: Gary the Snail. The Boring Company upped the…
Tesla’s long and relatively uneventful quest to build and sell the company’s all-electric vehicles in India continues to show a game of finger-pointing as Indian government officials say they are confused as to why the company has not applied for any PLI scheme incentives that could benefit the automaker economically. India has several Production Linked…
Longtime short-seller and Tesla skeptic David Einhorn has bought 1,000 put contracts on 100,000 shares of the electric automaker’s stock. Despite short interest being at low levels when compared to historical data, Einhorn is betting against the automaker again. Einhorn runs a fund known as Greenlight Capital, a “long-short value-oriented hedge fund.” A longtime skeptic…
Electric vehicle sales increased 109 percent in 2021 compared to 2020, a new report from analyst firm Canalys indicated. As the all-electric vehicle sector continues to heat up with competition, EVs made up 9 percent of the total automotive sales globally last year, a sharp increase from the year prior. China and Europe continue to lead other…
General Motors announced that Chevrolet Bolt EV production will last through March and will extend until early April. Additionally, the National Highway Traffic Safety Administration (NHTSA) closed its October 2020 investigation into the Bolt EV for battery-related fires earlier this month. In July, GM issued a warning to 2017-2019 model year Chevrolet Bolt EV owners, stating a…