Tesla Stock Climbs as Robotaxi Plans Generate Mixed Reactions
Tesla’s stock saw a modest uptick on Tuesday, rising 0.2% to $219.57, as investors and analysts weighed in on the company’s recent robotaxi updates. This news comes from a Barron’s article by Al Root, detailing the market’s response to Tesla’s…
Study Reveals Massive Health Benefits from Large-Scale EV Adoption
A groundbreaking study from the University of Toronto has uncovered significant population-level health benefits associated with the widespread adoption of electric vehicles (EVs). The research, published in the Proceedings of the National Academy of Sciences, used computer simulations to predict…
Chinese EV Makers Defy EU Tariffs at Paris Auto Show
Chinese electric vehicle manufacturers made a bold statement at this year’s Paris Auto Show, showcasing their latest models despite recent EU tariffs. According to reporting from The New York Times, a record number of Chinese automakers unveiled cutting-edge EVs, seemingly…
Global EV Sales Surge 30.5% in September, Led by China’s Record-Breaking Performance
Global sales of electric vehicles (EVs) and plug-in hybrids jumped 30.5% year-over-year in September, according to data from market research firm Rho Motion. This surge was primarily driven by China’s record-breaking numbers and a return to growth in Europe. China…
BMW CEO Warns EU’s 2035 Combustion Engine Ban Could Shrink Auto Industry
The CEO of BMW, Oliver Zipse, has cautioned that the European Union’s plans to ban traditional combustion engines by 2035 may no longer be realistic and could lead to a significant contraction of the automotive industry. This warning came during…
Tesla Cybertruck Defies Expectations, Becomes 3rd Best-Selling EV in Q3
The Tesla Cybertruck has stunned industry watchers by becoming the third best-selling electric vehicle in the U.S. for Q3 2023, despite its hefty price tag. This surprising development was reported by Cox Automotive, which owns Kelley Blue Book (KBB). Cybertruck’s…
German Auto Giants Face Existential Crisis as Chinese EVs Dominate
In a stunning reversal of fortune, Germany’s automotive powerhouses are finding themselves outpaced and outmaneuvered in the world’s largest car market. A recent Bloomberg report paints a sobering picture of how Volkswagen, BMW, and Mercedes-Benz are desperately scrambling to catch…
US Moves to Ban Chinese EVs, Citing Security Risks
A new rule proposed by the U.S. Commerce Department is set to effectively ban Chinese electric vehicles from the American market. This regulation, reportedly justified on national security grounds, aims to prohibit Chinese-designed or produced hardware and software in vehicle…
MG’s Mystery SUV: Camouflaged EV Spotted in Australian Wild
MG looks set to expand its electric vehicle lineup in Australia, with a camouflaged SUV resembling the popular MG4 spotted testing in Victoria. The sighting, shared on social media by EV enthusiast Andrew M, has fueled speculation about MG’s next…
VW’s Affordable EV Push: A Blast from the Past to Save the Future
Volkswagen’s banking on affordable electric vehicles to revive its flagging sales in Europe and China, echoing a strategy from the 1970s oil crisis. According to Fortune, the German automaker plans to roll out eight new budget-friendly EVs by 2027. From…
Tesla’s Two-Seater Robotaxi Sparks Debate and Investor Concern
Tesla’s unveiling of a sporty, two-seater robotaxi dubbed Cybercab has left experts puzzled and investors worried, according to a recent report from Reuters. The reveal, which took place at a hyped event near Los Angeles on October 10, 2024, presented…
Tesla’s Cybercab Reveal Falls Flat, Wiping $60 Billion Off Company Value
Tesla’s much-hyped robotaxi unveiling failed to impress investors, leading to an 8% drop in the company’s stock price and erasing about $60 billion in market value. The event, held in Hollywood, was reported by The Guardian. Cybercab: Big on Promises,…
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