Tesla “is a solution to the economy,” Ark Invest CEO Cathie Wood said in an interview with Yahoo! Finance today. Wood noted that innovation will help solve the problems with supply chain issues as well as the food and energy crisis. “There’s been an accelerated consumer preference towards electric vehicles, like Tesla, because of oil prices. And we think there’s…
Mercedes Benz, Stellantis, Siemens, and TotalEnergies have agreed to a joint venture to construct three gigafactories in Europe to aid electric vehicle manufacturing. Since the recent European energy crisis, electric vehicles have grown in demand from consumers, corporations, and even governments. And this deal, worth roughly 7 billion euros ($6.79 billion), looks to address that.…
European Union (EU) officials are set to discuss the “discriminatory” Inflation Reduction Act with the U.S. this week, hoping to gain access to potential tax breaks or subsidies for European-built vehicles that are only available to automakers that build their vehicles in North America. EU officials have called the Inflation Reduction Act discriminatory because it disqualifies foreign…
Tesla saves an estimated $114 per car by removing ultrasonic sensors (USS) and switching to its Tesla Vision, according to a cost breakdown analysis by Munro Live’s Mike Lane. In October, Tesla announced that it is replacing its USS with Tesla Vision by removing them from the Model 3 and Model Y vehicles. “With today’s software, this approach gives Autopilot high-definition…
As it turns out, Elon Musk was not kidding when he stated that the Tesla Model Y could be the world’s best-selling vehicle, period. Despite its premium price and its lack of traditional luxury amenities, the all-electric crossover continues to make an impact in several key automotive markets, including China, the world’s largest electric vehicle…
The Tesla Model S Plaid and refresh Model S Dual Motor variant’s debut in China is increasingly becoming more likely. Some Model S Plaid reservation holders in China recently reported receiving delivery notices. Tesla reservation holders in China who ordered the refresh Dual Motor or Plaid Model S and Model X waited a long time…
Tesla recently held a Tesla Fiestas celebration for its Latino employees. Tesla’s Senior Talent Management Leader, Lizette B., shared photos from the event on LinkedIn, noting how proud she was and that collaboration is at the heart of everything the company does. Credit: L.B. Tesla “Extremely proud of the Latinos@Tesla ERG and factory teams for the Tesla Fiestas…
Liverpool drivers are being pulled over by a new Tesla police vehicle, LiverpoolEcho reported. The colorful navy and bright yellow Model Y was noticed on Tuesday while driving around Liverpool City Center and East Lancashire Road. Credit: Merseyside PD/ Twitter The yellow reflective wrapping and the police logo stood out as the vehicle was seen pulling over drivers.…
Stellantis has announced that they have signed a non-binding preliminary agreement with mining company GME Resources to provide them nickel and cobalt sulfate for EV batteries. Stellantis has an aggressive electrification goal; 100% of European sales and 50% of US sales being electric by 2030. Reuters reports that the company has formed an initial agreement to receive…
EV manufacturer E-Cite, also known as VaporBrands International, Inc., announced today that it would use Tesla electric motors and batteries in its 2023 launch of the EV GT, ditching the Ford parts it used previously. E-Cite said the move to utilize Tesla parts in its vehicles “upgraded” the specifications of its first vehicle, including boosts…