Tag: EV news
Tesla profits plummet in Q1, company accelerates new product development
Tesla reported steep declines in first-quarter revenue and profit but rallied shareholders over promises of new products.
The electric vehicle manufacturer reported revenue of $21.3 billion,...
Fisker faces bankruptcy unless it secures relief from creditors
On April 23, Fisker, an electric vehicle (EV) startup, released a regulatory filing notifying that it may go bankrupt within 30 days unless it...
Rivian offers ‘Electric Upgrade’ discounts of up to $5k with combustion...
Electric vehicle start-up Rivian is offering an "Electric Upgrade" promotion to new customers who trade in specific combustion models in honor of Earth Day.
Eligible...
Electric vehicle sales set to surge in 2024 despite affordability challenges
Electric vehicle sales are projected to rise sharply in 2024 despite persistent challenges in some markets, according to the International Energy Agency (IEA).
The group forecasts...
Tesla heavily discounts FSD price as Q1 earnings report looms
Tesla has drastically lowered the lifetime price of its Full Self Driving (FSD) service ahead of the company's quarterly earnings report scheduled to be...
Suburban areas expected to house majority of EVs by 2030, report...
The electrification of vehicles is progressing at varying rates depending on their (rural, urban, suburban) location, resulting in a noticeable difference in the use...
GM and Ford prioritize gasoline cars in Q1 amidst EV challenges
The market eagerly anticipates the first-quarter results of two leading U.S. automakers, General Motors (GM) and Ford. Despite facing challenges such as a slowdown...
Republican attorneys general sue EPA over emission standards
On April 18, Republican attorneys general from 25 states filed a lawsuit against the U.S. Environmental Protection Agency (EPA). They claimed the agency had...
Faulty accelerator pedal prompts recall of Tesla’s Cybertruck
On Friday, April 19, the National Highway Traffic Safety Administration (NHTSA) issued a recall for Tesla's Cybertruck, Elon Musk's acclaimed 'best product ever ',...
Rivian announces second round of layoffs to boost profitability
Rivian, the EV startup, is taking drastic measures to boost its profitability. The company is implementing a second round of layoffs this year, which,...
