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Tesla demonstrated its advanced autonomous driving capabilities at the recent We, Robot event, as reported by Ashok Elluswamy from Tesla’s Autopilot Department. The electric vehicle manufacturer conducted over 1,300 fully autonomous trips without any issues, highlighting the progress of their self-driving technology. Impressive Fleet Performance According to Elluswamy, the event featured: “And eve
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 “Cybercab” robotaxi unveiling event in Hollywood on October 10. Wall Street’s Skepticism Coming into Tuesday’s…
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 the impact of aggressive EV adoption coupled with renewable energy expansion. Billions in Health Benef
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 undeterred by the European Union’s decision to impose anti-subsidy tariffs on their vehicles. Chinese Automakers…
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 Leads the Charge China’s EV market continued its explosive growth, with sales skyrocketing 47.9% to…
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 the Paris motor show, as reported by The Guardian. Industry Concerns and Competition Zipse expressed…
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 Unexpected Success Despite an average transaction price of over $116,000 in September, the Cybertruck managed…
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 up with local Chinese brands in the electric vehicle race. The EV Revolution Leaves German…
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