Mercedes has announced an optional OTA update to improve their vehicle’s off-the-line performance drastically. Mercedes has been at the forefront of a controversial idea in the automotive industry, subscription-based upgrades. These systems typically unlock the features of a vehicle through a monthly subscription, with the most recent being the example of Mercedes charging a monthly fee…
Bosch, a leader in the EV computer chip industry, has announced that it will acquire a chip fabrication facility in California. If COVID showed the automotive industry anything, it is its desperate need for computer chips for everything from adjustable seats to window regulators. And with the dramatic increase in the demand for these chips coming with…
Pininfarina, the brand that introduced the all-electric Battista hypercar, has teased its next upcoming vehicle, “designed for discerning collectors.” In the world of ultra-luxury high-performance vehicles, only a handful of companies have taken the opportunity to introduce full electric models. One such brand, which has taken the world by storm after setting a series of acceleration…
A lot has been made about Tesla’s slimming margins as it continues to reduce prices on its electric vehicles, which has, in turn, made the electric car company make less of a profit per unit. But the strategy, like much of Tesla’s mentality, is based on a long-term vision and not short-term profitability. Price cuts…
Used Tesla Model 3s and Model Ys aren’t depreciating nearly as fast as their luxury vehicle counterparts, despite five price cuts in the year’s first quarter. One concern many Tesla owners have shared online following the series of price cuts implemented by Tesla is that their vehicles would, in turn, dramatically depreciate. However, according to a new…
A labor board has ruled against Tesla after it told workers at an Orlando, Florida, repair shop not to discuss pay or other working conditions. Tesla managers at the repair shop told employees and workers not to discuss pay after new employees were paid more, and they complained. A National Labor Relations Board (NLRB) administrative…
Tesla has begun sending out the first batch of 2023 Cyber Roundup invites. The update was posted by Tesla Investor Relations head Martin Viecha on Twitter. Earlier this month, Tesla announced that its 2023 Annual Shareholder Meeting, also known as the 2023 Cyber Roundup, would take place on May 16, 2023. The event will be at 3…
Wall Street veteran and Tesla bull Gary Black of The Future Fund LLC recently went on CNBC’s Last Call to share his thoughts about why it would be a good idea for Tesla to start educating its potential customers. Black argued that Tesla’s price cuts don’t make a lot of sense even if they are aggressive since…
The Lucid Air is arguably one of the most premium all-electric vehicles that one can purchase today. But on the software front, the vehicle has received some tempered comments from users. This was perhaps one of the reasons why electric car enthusiasts were optimistic when the EV maker announced last month that Apple CarPlay was…
Tesla critics may continue to argue that the Cybertruck does not exist, but such points would likely be moot in the coming months. If sightings of the upcoming all-electric truck are any indication, it appears that the Tesla Cybertruck is steadily getting more refined, and it is closing in on its initial production. Recent photos…