Tesla Shatters Q3 Expectations with 17% Profit Surge, Promises New Models Ahead
Tesla delivered a powerful financial performance in Q3 2024, reporting adjusted earnings of $0.72 per share ($2.51 billion net income), significantly outpacing analyst expectations of $0.59 per share, according to Forbes reporting. Strong Financial Performance Marks Turning Point The EV…
Safety Crisis Looms at Rivian as EV Pioneer Struggles with Production Demands
In a troubling revelation about one of America’s most promising electric vehicle manufacturers, a detailed investigation has uncovered serious workplace safety concerns at Rivian’s manufacturing facility in Normal, Illinois. The investigation, published by Bloomberg News, paints a concerning picture of…
Volvo Slashes Sales Forecast, Adjusts EV Strategy Amid Market Headwinds
Volvo Cars has significantly cut its annual sales growth forecast and shifted its all-electric timeline as market pressures mount, according to the Financial Times. Growth Forecast Takes a Hit The Swedish automaker now expects just 7-8% retail sales growth this…
Palo Alto and Tesla Explore Robotaxi Partnership as City’s Transit Costs Soar
In a significant development for autonomous EV transportation, Palo Alto officials are in preliminary talks with Tesla to transform local streets into a testing ground for the automaker’s newly announced robotaxi service. This potential partnership, first announced by city spokesperson…
FAA Chief: Electric Air Taxis Are No Longer Just a Jetsons Fantasy
In a transformative moment for aviation, FAA Administrator Mike Whitaker has announced comprehensive regulations for electric vertical takeoff and landing (eVTOL) vehicles, as detailed in an announcement by the FAA on Medium, and on the FAA’s official website. From Cartoon…
Tesla’s Robotaxi Dreams Face Reality Check as Investors Demand Answers
Tesla’s upcoming Q3 earnings call is shaping up to be a high-stakes showdown, with CEO Elon Musk in the hot seat as investors and analysts prepare to grill him on the company’s ambitious robotaxi plans. This heightened scrutiny comes in…
Ford’s Futuristic Vehicle-Drone Security System: Sci-Fi or Reality?
Ford’s latest patent filing has turned heads in the automotive and security industries. The automaker recently published a patent for a vehicle-based security system that sounds like it’s straight out of a sci-fi movie. Drones and Cars: An Unlikely Security…
Chinese EV Makers Challenge European Auto Industry at Paris Motor Show
The Paris motor show has become a battleground for the future of Europe’s auto industry, with Chinese electric vehicle (EV) manufacturers making a strong push into the market. This development, reported by The Guardian, highlights growing concerns about the competitiveness…
Tesla’s Cyber Design Revolution: Should All Models Get the Angular Treatment?
A recent concept design shared on X (formerly Twitter) by user Nic Cruz Patane has sparked imagination about the future of Tesla’s vehicle lineup. The images showcase a “CyberY” concept, reimagining the popular Model Y with the distinctive angular aesthetic…
Tesla Slashes Cybertruck Prices, Fueling Market Share Gains
Tesla has significantly reduced prices for its futuristic Cybertruck, potentially aiming to sustain momentum and boost sales. This move comes as the electric pickup truck jumps to the No. 3 spot among best-selling EVs in the U.S., reports Forbes. Price…
Tesla’s ‘Full Self-Driving’ Under Scrutiny After Fatal Crashes
The National Highway Traffic Safety Administration (NHTSA) has launched a new investigation into Tesla’s “Full Self-Driving (Supervised)” software following reports of crashes in low-visibility conditions, including one that resulted in a pedestrian fatality. Safety Concerns in Low-Visibility Conditions NHTSA’s Office…
Apple’s Secret EV Battery Project with BYD Revealed
Apple Inc. secretly collaborated with Chinese automaker BYD Co. on developing long-range EV batteries as part of its now-canceled car project, according to a recent Bloomberg report. This partnership, which began around 2017, aimed to create advanced battery systems using…
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