Hyundai has announced it aims to become a top three global automaker by 2030, primarily through the production of electric vehicles. Hyundai and its subsidiary brands Kia and Genesis are top contenders in EV sales in many parts of the world, including in the United States, where the group has consistently ranked as a top three…
Ford has announced yet another investment in EV production, which will be critical if the automaker hopes to achieve its ambitious production targets. Ford received terrible news from its first quarter sales results; its long-time rival General Motors had surpassed it in EV sales, meaning the Blue Oval was no longer the second-largest EV brand in…
General Motors (GM) has secured a next-generation lithium extraction deal with Puerto Rico-based startup, EnergyX. With the demand for lithium expected to surpass supply by 2030, automakers have never been more pressed to secure the resource, especially as it becomes increasingly essential for the future of their business, specifically regarding the production of electric vehicles. This…
Tesla (NASDAQ: TSLA) price cuts on its electric vehicles have analysts split on whether the move is a way for the company to regain critical market share in various markets, or if its an indication that demand for its cars is slowing down. Tesla has cut prices on its EVs five times so far in…
Polestar has teased yet another new upcoming offering, expanding its lineup to six models. Polestar seems to have come out of the chip shortage stronger than ever, and it proved that fact just last week with the strongest sales report it has ever released. A significant part of this growth can be attributed to its…
Elon Musk has stated that the Tesla Cybertruck may start its initial production this summer. Considering that summer is just over 70 days away, Tesla is definitely putting a ton of effort into its all-electric pickup truck to ensure that it’s ready to compete in the automotive market. With this in mind, it is no…
Tesla may be a young carmaker relative to its rivals in the automotive sector, but it appears that the company has already become a household name of sorts. This is particularly true for Tesla’s logo, which is already more recognizable than the logos of much more experienced car manufacturers, such as Toyota and Mercedes-Benz. In…
The chair of a U.S. Congressional Committee expressed concern over Tesla’s alleged dependency on China. Tesla Giga Shanghai has contributed significantly to the Texas-based automaker for a few years. Tesla recently announced another factory in China dedicated to producing Megapack units. “I’m concerned about this,” said Mike Gallagher, a Republican chair of the House Representatives’ select committee…
California is instituting a new pay structure for residential solar systems, which could dramatically damage demand for Tesla Solar products, but it isn’t all bad news. While Tesla’s energy products, particularly its commercial Megapack system, dominate the field, the same cannot be said for its residential solar systems, which have faced an uphill battle in the highly…
Tesla has released its list of shareholder proposals ahead of its 2023 Annual Shareholder Meeting, held at Giga Texas. Tesla’s shareholder meeting has become well known in the car world for its extravagance and the “hot takes” often issued by the automaker’s CEO, Elon Musk. Now, before its 2023 annual shareholder meeting at Giga Texas, the company…