Tesla sales plunge in China
🇨🇳 Tesla’s sales struggle to gain footing in China amid persistent lockdowns.
A three-week shutdown of Tesla’s Shanghai plant was downplayed by CEO Elon Musk, but the company’s production and sales in April tell the story of a struggling electric car manufacturer.
Tesla sold 1,512 Model 3s and Ys in April 2022 - this is a drop of 87% from a year ago and a steep decline of 98% from the 65,814 sold in March 2022.
Elon Musk has recently spoken out against US government tariffs on Chinese electric vehicles, calling them “not good” and market-distorting.
A few years back, Hertz took a bold step by purchasing 30,000 Teslas, aiming to electrify 20% of its rental fleet.
Tesla Inc. is making headlines again, this time for rehiring members of its Supercharging team, including key manager Max de Zegher, following a surprising round of layoffs initiated by CEO Elon Musk last month.
South Korea has welcomed the U.S. decision to extend electric vehicle tax credits for cars containing Chinese graphite until 2026.
The National Highway Traffic Safety Administration (NHTSA) recently wrapped up an extensive probe into Tesla’s Autopilot system that started back in 2021.
Hertz's recent earnings report reveals a continued financial strain due to its ambitious shift towards electric vehicles.
As the U.S. pushes harder towards electric vehicles (EVs), several experts are pumping the brakes, voicing concerns over numerous challenges that could impede this transition.
In 2023, the average monthly electricity bill for U.S. homes nudged up by 2% to $138, which was actually less dramatic compared to the overall inflation rate of 4.1%.
The Biden administration just rolled out a regulation that’s all about boosting the sales of electric or zero-emission heavy vehicles, like school buses and cement mixers.
Energy giant Shell is shifting gears, planning to sell off some of its gas stations to make room for more electric vehicle charging stations.
The COVID-19 pandemic has shifted perceptions around doomsday prepping, once considered the realm of conspiracy theorists.
Hydrogen - the lightest element - is being touted as a promising clean fuel for the future, particularly in the automotive industry.
Starting a new automaker is no easy feat, and it's been a rarity in the last four decades. It's not just about designing a car but also establishing the necessary infrastructure.
Bankrupt trucking giant Yellow has announced it has fully paid back a contentious $700 million Covid loan from the U.S. Treasury Department, along with over $151 million in interest.
Arrival, the UK startup once hailed as an EV trailblazer with its micro-factories producing delivery vans for companies like Uber and UPS, is now in dire straits
Former President Trump criticized UAW President Shawn Fain for endorsing President Biden, claiming that Fain lacks an understanding of the automobile industry's future.
In recent years, there has been a substantial investment of taxpayer dollars in adding electric buses to transit fleets across the United States, aiming to reduce carbon emissions.
The Biden administration is injecting $623 million into the nation's electric vehicle charging network, with a focus on disadvantaged communities and freight trucks.
Nikola Corp. recently took its hydrogen fuel cell electric truck for a spin at CES 2024, and we got a firsthand look at what this regional hauler can do.
Rivian’s stock took a bit of a dip - around 10% - after the company exposed its fourth-quarter performance.
Elon Musk is not too thrilled about a recent report that indirectly hinted at one of his beloved robots being involved in an incident at Tesla's Austin, Texas factory two years back
Tesla addressed a 2-million-vehicle Autopilot "recall" by releasing software version 2023.44.30 as a free over-the-air update to affected vehicles, enhancing safety alerts.
Tesla is increasing wages for hourly employees at its Sparks, Nevada, battery factory, with low-end hourly wages rising from $20 to $22 (a 10% increase) and high-end wages increasing from $30.65 to $34.50 (a 12.5% increase).
Supply chain trends have shifted since the COVID-19 pandemic, with a focus on tender lead times increasing by 10-15%.
Tesla is recalling over 2 million vehicles in the U.S. to update software and address a defective system designed to ensure driver attention while using Autopilot.
In 2020, the aerospace industry faced a significant upheaval due to the COVID-19 pandemic, resulting in a sharp decline in travel demand, plummeting aircraft orders, and a major impact on aerospace suppliers.
German trade union IG Metall has rejected Swedish union IF Metall's call for a strike against Tesla Sweden, deeming it illegal.
Norwegian labor union Fellesforbundet will block Tesla car shipments to Sweden starting December 20, in support of striking Swedish mechanics' demand for collective bargaining agreements.
The COVID-19 pandemic has pushed companies to prioritize work-life balance, leading to happier, more productive employees.