Mercedes is showing off the strength of a more traditional pricing strategy in its Q1 earnings report, which has crushed investor expectations. Much like many legacy automakers, Mercedes-Benz has quickly learned the incredible expense of a complete switch to electrification. Not only does it require a complete retooling of numerous factories, but in the case of…
Tesla flexed its Model Y All-Wheel-Drive as the most efficient electric SUV ever built in a Tweet on Sunday, which showed the vehicle’s energy usage compared to some of the most notable competitors on the market. Tesla has always strived to create an extremely efficient vehicle, and through its years of R&D, as well as many…
Stellantis signed a battery supply deal for nickel and cobalt sulfate with Alliance Nickel Ltd. The mineral supply deal may help Stellantis’ electric vehicles (EVs) in the United States meet the battery requirements for EV tax incentives under the Inflation Reduction Act (IRA). Alliance Nickel Ltd. and Stellantis entered into a binding offtake agreement for…
California’s Tesla Virtual Power Plant (VPP) program has officially hit a new energy capacity milestone. One of Tesla’s most intriguing and least well-known projects is its VPP program in California, which allows Powerwall owners to get paid for contributing to the grid in coordination with local utilities. Now, as California’s weather has become more erratic in recent…
Rivian software executive Wassym Bensaid has revealed many upcoming features and improvements in a new Q&A published on Instagram. Easily one of the best improvements brought about with the introduction of electric vehicles is over-the-air (OTA) updates. As Tesla CEO Elon Musk often states, these improvements allow your car to get better while just sitting…
The Tesla-incited price war that has caused electric vehicle prices to be slashed nearly across the board in 2023 has one less participant, as Stellantis boss Carlos Tavares said on Thursday that the company has no intention of getting involved. Instead, Tavares says Stellantis will pay attention to the market as a whole and adjust…
Hertz (NASDAQ: HTZ) reported an earnings beat today that its electric vehicle (EV) fleet adoption and expansion partially contributed to. The rental agency has taken on a widespread EV adoption strategy to help alleviate costs and maintenance within its rental fleet. Hertz beat consensus estimates of 21 cents by reporting an EPS of 39 cents…
Tesla has pulled Model S and Model X vehicle orders in Australia, updating its website to reflect that prospective buyers will only be able to receive updates and not place orders for the company’s flagship vehicles. Tesla updated its Australian Online Design Studio last night to reflect the fact that it is no longer accepting…
Tesla has partnered with Dutch charging company Fastned to sue the German gas station giant Tank and Rast. With the dramatic uptick in the need for EV chargers, particularly in Europe, it was only a matter of time before charger placement entered the courtroom. Today, Tesla has announced it is doing just that. It heads to…
Tesla’s reasons for why CEO Elon Musk should not have to be deposed in a case concerning a fatal crash involving one of its vehicles and the potential use of Autopilot was “deeply troubling,” Santa Clara County Superior Court Judge Evette D. Pennypacker said this week. Although the National Transportation Safety Board (NTSB) had already…