A new report from banking and investing giant Citi has found that Tesla now leads the automotive industry in brand loyalty by a wide margin. With an increasing amount of competition within the automotive segment, particularly within the market of electric vehicles, a loyal following is proving to be more critical than ever. Luckily, according…
Toyota has released a new defense of its EV strategy, which some have criticized for being too slow or conservative. Despite Toyota’s leadership in hybrid vehicle technology in the early 2000s, the company has not followed through with focusing on pure EVs, like many of its competitors have begun to. This strategy has attracted mixed…
Talks between Tesla and the Indian government have hit crucial hurdles, which could determine if the automaker invests in a production facility in the country. Tesla’s need for a growing number of production facilities has only increased in recent months as it looks to grow its product offerings and the number of markets in which…
Panasonic, a critical Tesla battery cell supplier, has announced a massive production expansion within North America to keep up with growing EV demand. As noted by Tesla CEO Elon Musk, battery cell production is the limiting factor determining EV production globally. The rapidly growing demand for batteries has attracted billions in corporate investment and government incentives, not…
Kevin O’Leary of “Shark Tank” fame recently noted that the Tesla Cybertruck would probably result in another big shift for the electric vehicle maker. This was despite the Cybertruck being, for all intents and purposes, an “ugly” vehicle. During a conversation with Yahoo Finance Live, O’Leary stated that the Cybertruck is an extremely compelling vehicle. While…
Rimac Automobili recently made history when the Nevera, its all-electric hypercar, set 23 performance records in a single day. The vehicle’s stats during its record-setting run were incredible, such as its 0-60 mph time of 1.74 seconds. The Rimac Nevera completed the standing quarter mile in 8.26 seconds, which, as noted by MotorTrend, was over a…
Toyota is showing its commitment to electric vehicle development by partnering with its Japanese rivals, Suzuki Motor Corp. and Daihatsu Motor Co., Ltd. The three Japanese automakers plan to develop battery electric mini-commercial vans. The Street predicts the Japanese electric van would compete against the Ford E-Transit, GM BrightDrop, Volkswagen’s ID.Buzz, and Tesla’s future commercial/passenger van. Toyota…
United States lawmakers announced bipartisan legislation in the House to keep automakers from eliminating AM radio in new vehicles. The legislation is called the AM for Every Vehicle Act. House Representative Josh Gottheimer (NJ-5) is leading the charge for the AM for Every Vehicle Act, along with co-leads Rep. Tom Kean Jr. (NJ-7), Rob Menendez…
Neha Patel, the wife of Dharmesh Patel, the man behind the wheel of a Model Y that fell off a 250-foot cliff at Devil’s Slide, CA, has alleged that her husband intentionally drove their Tesla off a cliff. The details were revealed in court records that were recently made public. Dharmesh Patel, a Pasadena-based radiologist,…
The shift in Elon Musk’s stance on advertisements has caught the attention of veterans in the advertising sector. As per recent comments from several industry veterans, Tesla’s advertising strategies moving forward — especially at this stage in the EV transition — could hold significant potential for the automaker. For years, Musk has been staunchly anti-advertisement,…