A new analysis shows that Tesla’s profit margin per vehicle built towers over that of Toyota by roughly eight times. Tesla built a little more than one-seventh of the vehicles Toyota did from July to September but outshined the Japanese company where it matters in Q3 2022: on the financials sheet. Tesla’s profit margin per…
A bill has been introduced in the Senate called the “Affordable Electric Vehicles for America Act” that would dramatically alter the Inflation Reduction Act’s EV incentives requirements. Under the current Inflation Reduction Act (IRA), electric vehicles only qualify for federal tax incentives if assembled within North America. However, Senate bill S. 5020 would remove this…
Data from China Merchants Bank International (CMBI) has revealed something remarkable about Tesla’s operations in China. According to the firm, Tesla China was able to produce a record 87,706 vehicles in October, effectively pushing Giga Shanghai’s annual run rate to over 1.05 million vehicles. This suggested that Tesla China was able to add to its…
Green Hills Software founder and CEO Dan O’Dowd, who previously ran for Senate in an attempt to push his efforts to ban Tesla’s Full Self-Driving system, recently complained about his rejected advertisement on Twitter. O’Dowd noted that his anti-Tesla FSD ad was rejected by Twitter because it supposedly violated the company’s policy against “political” advertising. …
Tesla supporters in China have not seen deliveries of the Model S sedan or Model X SUV for a long time, but the wait may soon be over. Considering the marketing efforts of the electric vehicle maker as of late, it would seem like Tesla fans in China would soon be able to experience the…
Tesla Inc. and BYD Co. have helped push retail sales of New Energy Vehicles (NEV) in China up 75% in October from a year earlier. The carmakers were able to post impressive figures despite the country’s Covid-related disruptions last month. According to figures released on Tuesday by the China Passenger Car Association (CPCA), a total…
A county court in Georgia will decide Thursday whether or not to issue a temporary restraining order to stop all land disturbance activity at the site for Rivian. In 2021, Rivian chose a site just east of Atlanta, Georgia, as the location for its next production plant in the U.S. “Building our recently announced second domestic manufacturing…
Tesla is recalling 40,000 vehicles and solving the issue with an over-the-air update. Certain 2017 to 2021 Tesla Model S and Model X vehicles had an issue with the electronic power assist steering system. According to the filing with the National Highway Transportation Safety Administration. the system may experience a loss of power steering assist when driving…
Energica Motors, an Italian manufacturer of electric motorcycles, announced its sales success and showed off its complete lineup at the Milan Motorcycle Show. Energica announced today that they have sold 30% more motorcycles in 2022 than they had in 2021, and with Q4 only just getting started, the company may be posting a record sales…
Nikola Corp. and ChargePoint announced a partnership to expand the electric vehicle charging infrastructure in the United States on Tuesday. The partnership is set to expand Nikola customers’ access to compatible EV charging points by opening up ChargePoint locations to vehicle owners. Nikola customers will have full access to ChargePoint’s full suite of advanced software…