A group of Tesla Model S and Model X owners in the United States filed a proposed class-action lawsuit against Tesla in California. The lawsuit alleges that automatic software updates Full Article »
The declining market share of franchised dealers in states like Washington and Colorado, which allow direct sales and follow California’s climate standards, is cutting into their potential profits. Tesla’s sales Full Article »
VinFast, an electric vehicle (EV) maker founded by Vietnam’s richest person, is set to go public through a merger with Black Spade Acquisition Co., a blank-check company. This would be Full Article »
Tesla has raised the prices of its Model S, X, and Y electric vehicles in the United States by low single-digit percentages, marking the second time the company has hiked Full Article »
Toyota Motor Corp recently announced that it expects operating profit to increase by 10% this year, with a significant five-fold increase in pure electric vehicle (EV) sales. The company’s CEO, Full Article »
Rivian Automotive Inc (RIVN.O) exceeded analysts’ expectations for quarterly revenue by selling more high-end electric vehicles in Q1, while maintaining its production forecast of 50,000 cars for the year. The Full Article »
Fisker Inc has revised down its 2023 production target due to supply chain challenges in the electric vehicle (EV) industry. The setback is part of a broader trend of U.S. Full Article »
Lucid Motors, Lucid Group Inc (LCID.O), reported disappointing first-quarter revenue, falling short of Wall Street estimates due to a pricing war that was sparked by Tesla Inc (TSLA.O) and resulted Full Article »
Seven US senators have raised concerns about Tesla’s use of forced arbitration clauses in their contracts with customers. These clauses require customers to resolve any disputes through binding arbitration rather Full Article »
As the world’s largest automotive market, China has become a key battleground for automakers looking to establish a foothold in the electric vehicle (EV) market, and their love for SUV’s Full Article »
Recently, the White House has praised Toyota for its commitment to electrifying its auto fleet. According to a statement from the White House, Toyota is “fully committed” to electrifying their Full Article »
According to a recent study conducted by J.D. Power, it has been found that despite the growing popularity of electric vehicles (EVs) and the increasing market share of EVs in Full Article »
The 2023 Ford Mustang Mach-E is receiving price cuts, up to $4,000, alongside battery updates and improved range. The Mach-E, Ford’s all-electric SUV inspired by the iconic Mustang, has been Full Article »
Ford Motor Company has reported a significant profit of $1.76 billion for the first quarter (1Q) of the year. This achievement reflects a strong performance and positive financial results for Full Article »
Electric Vehicles (EVs) are an inevitable thing as automakers are setting rather aggressive dates for rolling out new EVs. In fact, many manufacturer fleets are set to go partially or Full Article »
