Every EVXL story tagged “SEC” — newest first.
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…
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 connectivity systems. Sweeping Restrictions on Connected Car Tech The rule, titled “Securing the Information and…
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 a design that’s a far cry from traditional taxi concepts. A Futuristic Design That Missed…
Polestar, the struggling electric vehicle manufacturer, is changing tactics to boost sales after reporting a significant drop in deliveries. According to a Bloomberg report, the company’s new CEO is pushing for a more traditional sales approach by selling cars through dealerships, not just online. A New Strategy for Survival Polestar’s new chief executive, Michael Lohscheller,…
Volkswagen Group reported a complex picture for its electric vehicle (EV) sales in the third quarter of 2024, according to a recent press release. While overall deliveries declined, there were bright spots in certain markets and segments. Global EV Deliveries Down, But Order Intake Surges The automaker delivered 506,500 battery electric vehicles (BEVs) worldwide in…
Tesla’s highly anticipated “We, Robot” event, held on October 10, 2024, at Warner Bros. Studios in Burbank, California, showcased the company’s latest advancements in autonomous vehicle technology and robotics. The event marked Tesla’s first major product reveal since the Cybertruck unveiling in 2019. Robotaxi: The Future of Autonomous Transportation The star of the show was…
Republican VP nominee JD Vance stirred controversy with his remarks about a major electric vehicle investment in Michigan. The Washington Post reports that during a campaign stop in Detroit, Vance labeled a $500 million grant from the Biden administration to convert a GM plant to EV production as mere “table scraps.” The Grant’s Significance This…
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