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Tesla on Tuesday released more details about its planned launch of an Uber-like ride-hailing service.The service would live inside the Tesla app, which Tesla owners can already use for almost all vehicle functionality, the company said.Tesla’s Q1 earnings presentation contained screenshots illustrating a moody black-and-white interface that would allow riders to summon a supposedly driverless vehicle, set the car’s interior temperature, and track its location on a 3D map.On a call with investors…
12 days ago
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Tesla is pointing the finger at hybrids as its electric cars experience a drop in demand.In the opening page of its first-quarter earnings presentation Tuesday, Tesla blamed an industry-wide prioritization of these partially battery-powered cars for putting pressure on global EV sales and — by extension — Tesla’s sales.“While positive for our regulatory credits business, we prefer the industry to continue pushing EV adoption, which is in-line with our mission,” Tesla wrote.Elon Musk’s Tesla is r…
11 days ago
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Volkswagen workers in Tennessee voted Friday to join the United Auto Workers union in a huge victory for the once-embattled union as it works toward another run at organizing Tesla.After two failed attempts by the UAW in Chattanooga in recent years, Friday’s victory represents a turning point for the 89-year-old union. After years of dwindling membership, a messy federal criminal investigation, and high-profile automotive industry organizing failures, UAW President Shawn Fain is aiming to usher…
15 days ago
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Electric-vehicle shoppers are getting sick of Tesla.Well over half of the EV shoppers surveyed by UBS in an annual study said they would prefer to buy an electric car from a legacy carmaker over a new manufacturer such as Tesla.On top of that, the bank found that the likelihood a US shopper would buy an EV increased with brands other than Tesla.These results and other signs of stagnation overall in the EV market give UBS reason to believe that Tesla’s near- to midterm growth plans are in danger.…
26 days ago
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Tesla CEO Elon Musk denied a report that the electric-vehicle company was scrapping plans for a long-awaited $25,000 model.Reuters reported Friday, citing sources familiar with the matter and company messages, that Tesla was throwing in the towel on its long-planned more-affordable model.“Reuters is lying (again),” Musk posted on his social-media platform, X, formerly Twitter, in response to the story.Despite this denial from Musk, Reuters cited Tesla’s own internal company messages halting the…
30 days ago
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The Fisker Ocean got a second chance with a popular YouTuber who gave it a terrible review last month.Marques Brownlee, known for his tech-focused videos, said in a video posted Wednesday that Fisker provided him with a new Ocean, equipped with a software update that some argued would have changed his original negative review.“I’ve never reviewed a car twice before,” Brownlee says at the start of the video, referencing the original, in which he called the Ocean the worst car he’d ever driven.Tha…
about 1 month ago
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Electric-vehicle leader Tesla is finally starting to feel the pinch of a slowdown in EV sales that is already rocking the rest of the industry. Elon Musk’s car company reported its lowest quarterly deliveries since 2022, notching its first year-over-year quarterly decline since 2020 and biggest-ever miss compared to analyst expectations.This rough quarter is the first sign that the EV leader is not immune to a slowdown in electric vehicle sales that has dogged its competitors since the latter ha…
about 1 month ago
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When the automotive industry started looking toward an electrified future, Detroit automakers decided to throw their hat in the ring with what they do best: Pickup trucks.The first entrants to the electric-pickup market enjoyed some early success, particularly in the Ford F-150 Lightning. But sudden changes to the electric car shopper demographic mean that for the second time in the last 20 years, Detroit finds itself selling big, expensive cars nobody really wants.Behemoths like the GMC Hummer…
about 1 month ago
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Fisker’s pricey Ocean SUV just got a lot more affordable.The embattled electric-vehicle startup said Tuesday it would reduce the price of the most expensive Ocean by nearly 40% to $37,499. That brings the price of the Ocean Extreme nearly $6,700 below the average price paid for any new vehicle this month.Cheaper trims are also discounted, with the most affordable Ocean now selling for $24,999, Fisker said in a press release. That’s a price point you can’t often find on any new car lot these days…
about 1 month ago
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The long-awaited second-generation Tesla Roadster is engineered to go where no car has gone before, CEO Elon Musk said.In a recent interview with ex-CNN anchor Don Lemon, Musk revealed that Tesla is collaborating with SpaceX on the reincarnation of the Roadster, Tesla’s iconic electric sports car.Musk wouldn’t directly answer questions about whether the Roadster could fly, only saying such a feature is not “out of the question.”“It’s gonna be really cool, and it’s gonna have some rocket technolo…
about 1 month ago
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If you’ve been waiting to buy a new car until prices start to fall, your patience over the last few years might be paying off.Average affordability for new cars is finally heading in the right direction for shoppers, according to new data from Cox Automotive. February notched the best new vehicle affordability in over a year as prices and interest rates fell and average income grew, the study found.Shoppers paid an average of $47,244 for a new car in February, down 2.2% from the same month a yea…
about 2 months ago
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This year is shaping up to be a big one for hybrid cars, a segment once thought to be a relic of the pre-Tesla EV market.After demand for electric cars pulled back suddenly in the second half of last year, 2024 has started with slowing sales of battery-powered cars. Fewer new-car shoppers are considering EVs for their next vehicle, according to JD Power, with shoppers citing a lack of access to charging infrastructure as a main reason for ruling out EVs.That’s where hybrids are getting the advan…
about 2 months ago
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Your driving habits aren’t as private as you think they are, according to a recent report from The New York Times.Internet-connected vehicles can gather data on driving habits, including hard braking and rapid accelerations, and share that information with the data broker LexisNexis, which works with insurance companies to create personalized coverage.One Chevrolet Bolt owner who spoke with the Times said he uncovered a 258-page report on his driving habits when he inquired about a 21% increase…
about 2 months ago
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Rivian is taking aim at Tesla with the R2, a smaller and more affordable SUV that will compete with the Model Y.The two vehicles will go head-to-head in the mass-market electric SUV segment, with matching starting prices of around $45,000 and battery ranges of around 300 miles.The Model Y will be stiff competition for Rivian’s R2.Tesla’s mass-market SUV has been a massive success for Elon Musk’s EV company since its launch in 2020, with Model Y and its smaller counterpart, the Model 3, leading t…
about 2 months ago
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Electric vehicle sales aren’t going the way Ford expected when CEO Jim Farley took direct aim at Elon Musk’s Tesla in 2022.Wealthy early adopters that companies like Ford were relying on to usher their EV business to profitability are dropping out of the market, and being replaced by a more frugal and practical green car shopper.Tesla’s Elon Musk has room to drop prices to meet these new customers’ needs, inciting a price war that Ford can’t win right now.But that’s where hybrids come in. Ford’s…
about 2 months ago
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Rivian on Thursday revealed two new SUVs: the long-awaited R2 SUV and a surprise, smaller version called the R3.The smaller and more affordable follow-ups to its popular R1T truck and R1s SUV are designed to reach more mainstream customers than Rivian’s pricey R1 and R2 trucks.The R2’s $45,000 starting price puts it more in line with the average new car transaction price at a time when demand for more expensive EVs is drying up.The smaller size and lower pricing for the R2 also positions Rivian…
about 2 months ago
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Rivian’s new R2 SUV is smaller and more affordable than its other models but still packed with the goodies we have come to expect from the outdoorsy EV brand.While the R2 is smaller than the R1S, Rivian CEO RJ Scaringe said Thursday the interior was designed to feel just as open and airy.Two quarter-windows in the rear of the vehicle pop open to allow for better interior airflow, while the back window rolls down all the way to accommodate longer cargo.Take a closer look inside the R2 SUV: Rivian…
about 2 months ago
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Official reviews for Tesla’s Cybertruck are rolling in, and so far, the hulking stainless steel truck is largely living up to the hype.Recent reviews in Bloomberg and The Wall Street Journal praise the Cybertruck for a smooth ride, tight handling at low speeds, and achievements in design and engineering.The complaints, much like the truck itself, are rather unique compared to a typical pickup-truck review. Among Bloomberg’s hangups were the truck’s smudge-prone exterior and its propensity to att…
2 months ago
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Toyota, the originator of the hybrid-car craze in the early 2000s, is poised to reclaim its crown as the king of green cars.As demand for battery-electric vehicles cools and more shoppers look toward hybrids, the Prius-maker is among the most well-suited to meet the current moment in the transition to electric cars.After years of being labeled an EV laggard among its peers in the industry, customers don’t appear to care that Toyota has so far released only one pretty unpopular electric car in th…
2 months ago
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Electric vehicles are getting some hefty discounts this year.In order to deal with a slowdown in demand for big, expensive electric cars — and dwindling federal incentives — dealers and manufacturers are pouring on discounts.Deals have abounded in the EV market since last summer, when these cars started piling up on dealer lots. Elon Musk’s aggressive discounting of the popular Tesla Model 3 and Model Y didn’t help either.By the end of last year, electric cars were seeing some of their highest d…
2 months ago
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Rivian’s R2 can’t come soon enough for the electric truck startup.Debuting next month, the R2 is a crucial piece of Rivian’s future as a smaller and cheaper option for a new wave of EV customers.Its launch comes at a critical time for Rivian, which reported disappointing fourth-quarter earnings Wednesday evening, with its 2024 production forecast falling well short of analyst predictions.The company also announced yet another round of layoffs, slashing 10% of its salaried workforce after losing…
2 months ago
