Tesla’s Value Skyrockets on Robo-Taxis Promise
RBC Capital Markets analysts predict a potential leap of over $150 billion in Tesla’s market value, spurred by the rising demand for robo-taxis. The self-driving taxi, which may drastically change society, could constitute over 70% of the electric vehicle titan’s…
US Races to Second Place in Global EV Market
In a remarkable turn of events, the US has claimed the second spot in the global electric vehicle (EV) market, trailing only behind China. Counterpoint reports that the first quarter of 2023 saw American EV sales leap a staggering 79…
No More Gas-Only Cars from Stellantis in 14 States
In a surprising development, Stellantis, a key player in the global automobile industry, has ceased delivering exclusively gas-fueled vehicles to 14 U.S. states. The cars delivered will now exclusively be hybrids, but only if the customer orders them. This news…
Stellantis Plugs Into EV Boom with Citroën e-C3
Stellantis, one of the world’s top auto manufacturers, is set to unveil its first affordable, European-made electric vehicle (EV) this October. The Citroën e-C3, designed with a 320-kilometer (200 mile) range and the ability to fast charge in under an…
Tesla’s Charging Empire Could Supercharge Shares
Morgan Stanley has done the math on Tesla’s plan to open its Supercharger network to other automakers, a move that could transform the electric vehicle maker into the future’s dominant “filling station.” The analysis takes into account Tesla’s unique combination…
Tesla’s Direct Sales Ambition Blocked in Louisiana
Tesla’s mission to overturn Louisiana’s ban on direct car sales suffered a setback when a federal court dismissed the electric car maker’s complaint, reports Reuters. Tesla had taken legal action against Louisiana’s rule that prevented it from selling its vehicles…
Tesla’s Winning Streak Echoes in EV Startups
Electric Vehicle (EV) startups such as Nikola and Lordstown Motors are racing ahead, leaving a blazing trail on the stock market. Without an obvious reason or catalyst, these startups, often struggling with cash, are recording considerable weekly gains. Many attribute…
China’s Xpeng broadens self-driving capabilities to Beijing
In a bold move to cement its position in the electric vehicle industry, China’s Xpeng Inc broadened its self-driving capabilities to Beijing on Thursday. This step marks another milestone in the wider deployment of its City Navigation Guided Pilot (City…
Rivian’s Retail Future – The Unveiling of Spaces
In a move to boost its retail presence, Rivian has launched ‘Spaces’, a series of unique retail and experiential locations in the US and Canada. The Spaces, as they are called, are places where customers can have hands-on interactions with…
Ford and GM Spark Tesla’s Charging Dominance
Elon Musk’s electric vehicle charging technology is reshaping the landscape, potentially threatening one of President Biden’s key climate policies. Surprise agreements from automotive giants Ford and General Motors to adopt Tesla’s charging standard have tipped the scales towards a new…
Tesla’s Power Move: Free Supercharging Sparks Sales
In a bid to shift Model 3 inventory ahead of the quarter’s end, Tesla is offering customers three months of free Supercharging. According to the company’s website, to snag the deal, buyers must take delivery of the Model 3 sedan…
Rivian’s Nasdaq 100 Exit: Minimal Market Impact?
Investors of electric vehicle manufacturers, Rivian Automotive and Lucid Group, are grappling with another hiccup. However, this time, it might not be a significant worry. Rivian, also recognized as RIVN on the stock market, is on its way out of…
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