Autonomous EV Pods Could Revolutionize Public Transit, Says Khosla Ventures Founder
A groundbreaking vision for urban transportation using autonomous electric pods is gaining traction, according to Vinod Khosla, founder of Khosla Ventures, writing in the Financial Times. The Promise of Personal Rapid Transit The proposed system would use self-driving, electric PRT…
Tesla’s Blowout Earnings Crush Short Sellers, Adding $150B in Market Value
Tesla delivered a knockout punch to Wall Street bears, with short-sellers taking a massive $3.5 billion hit after the EV maker’s surprisingly strong earnings report, according to reporting from Bloomberg. Unexpected Triumph The electric vehicle giant defied expectations with a…
Mercedes-Benz EV Sales Plunge Amid Global Market Challenges
Mercedes-Benz is facing significant headwinds as it reports a dramatic drop in profits and EV sales for Q3 2023, according to a Financial Times report. EV Sales Take a Hit Pure electric vehicle sales plummeted 31% year-over-year in Q3, though…
Tesla CEO Declares End of Human-Driven Cars, Pushes Autonomous Future
Tesla’s CEO Elon Musk has made a bold prediction about the future of transportation, claiming that manually-driven vehicles will soon become as obsolete as horses, according to a report from Fortune covering Tesla’s third-quarter earnings call. The Death of Manual…
Ford CEO’s Bombshell: Chinese EVs Have Left U.S. Playing Catch-up
In a candid revelation that’s sending ripples through the automotive industry, Ford CEO Jim Farley has been secretly test-driving a Chinese-made Xiaomi electric vehicle – and his verdict is turning heads. The surprising admission came during an in-depth discussion on…
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…
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