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Tesla Inc. is refunding early Model 3 bookings in India, a move that has sparked excitement among electric vehicle (EV) enthusiasts as it hints at the automaker’s long-awaited entry into the world’s third-largest automobile market. According to a Bloomberg report, the Elon Musk-led company is returning reservation fees to customers who booked as early as…
On April 24, 2025, Slate Auto, a Michigan-based electric vehicle startup, unveiled its game-changing Blank Slate pickup truck in Long Beach, California, promising to shatter the price barrier for EVs with a base cost of $20,000. Backed by Amazon founder Jeff Bezos, this radically simple, customizable electric truck targets everyday drivers and fleet operators, offering…
On April 24, 2025, Tesla achieved a historic milestone in its quest for autonomous driving, securing a two-year exemption from Norway’s Statens vegvesen (Norwegian Road Authority) to operate its Full Self-Driving (FSD) system in supervised mode on public roads. This decision marks a significant step for Tesla as it accelerates its global rollout of advanced…
On April 24, 2025, Tesla’s stock rose 1.9% to $255.54 in early trading, buoyed by optimism surrounding its product lineup expansion in 2025, according to a Barron’s report. However, investors and analysts caution that the electric vehicle maker’s upcoming Model Q—a lower-priced model slated for the first half of 2025—may not suffice to address deeper…
Nissan Motor Co. projects a staggering net loss of 700 billion to 750 billion yen ($4.91 billion to $5.26 billion) for the financial year ending March 2025, driven by massive impairment charges and aggressive restructuring, Reuters reported. This marks the automaker’s largest-ever deficit, dwarfing its prior 80 billion yen loss forecast, as new CEO Ivan…
Volkswagen AG has forged a strategic partnership with Uber Technologies Inc. to deploy thousands of fully autonomous, all-electric ID. Buzz AD vans across U.S. markets, starting with a commercial launch in Los Angeles in 2026, according to Reuters. This collaboration marks a significant step toward integrating autonomous electric vehicles (EVs) into ride-hailing services, leveraging Volkswagen’s…
President Donald Trump’s administration has announced exemptions for U.S. automakers from certain tariffs, a significant concession following intense lobbying by industry leaders concerned about rising electric vehicle (EV) costs and supply chain disruptions, according to the Financial Times. This decision, which spares car parts from fentanyl-related tariffs on Chinese imports and steel and alumi
Tesla’s stock climbed more than 5% today, after CEO Elon Musk announced he would scale back his advisory role with U.S. President Donald Trump to refocus on the electric vehicle (EV) giant. However, a 71% drop in Q1 net income and ongoing brand perception issues tied to Musk’s political affiliations signal a challenging road ahead…
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