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In a dramatic shift from traditional industry-regulator dynamics, America’s largest automakers are quietly strategizing to preserve Biden’s EV mandates despite Trump’s promises to eliminate them, according to a New York Times report. The High-Stakes EV Transition The auto industry finds itself in an unprecedented position – defending regulations they once resisted. Ford, GM, and Stellantis…
In a striking challenge to Tesla’s battery technology direction, CATL founder and chairman Robin Zeng has publicly criticized Elon Musk’s commitment to 4680 cylindrical cells, predicting their ultimate failure. This bold statement comes from the leader of the world’s largest EV battery manufacturer, as reported by Reuters. Sharp Criticism from Battery Giant During their April…
A bombshell report reveals President-elect Trump’s transition team is planning to eliminate the $7,500 federal tax credit for electric vehicle purchases, with unexpected support from EV market leader Tesla, according to Reuters. Critical Policy Change Looms The potential elimination of this key EV incentive, a cornerstone of Biden’s Inflation Reduction Act, is being discussed by…
In a surprising move highlighting the complex interplay between business and politics, Tesla has joined forces with other major EV manufacturers to support California’s low-carbon fuel standard, according to Politico. Auto Industry Shows United Front Tesla, along with Hyundai, GM, Audi, and Rivian, sent a joint letter to California lawmakers on October 24, strongly endorsing…
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 9% jump in quarterly profit when analysts were predicting a 10% decline. Tesla’s automotive gross…
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 Driving Musk didn’t mince words about where he sees the auto industry heading. “We’ve made…
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 pioneer saw its profits climb to $2.2 billion from July through September, compared to $1.9…
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 Meghan Horrigan-Taylor, comes as the city reportedly grapples with the mounting costs of its popular…
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