Every EVXL story tagged “Tesla” — newest first.
Lucid Motors, the luxury electric vehicle (EV) company, is cutting about 400 jobs as the EV industry faces slow growth. According to a recent SEC filing, this layoff round will affect 6% of Lucid’s staff by the end of October, with most layoffs impacting California employees, according to SFGate. Layoffs to Hit All Levels In…
Feds Hold Hyundai Accountable for Child Labor The U.S. Labor Department has filed a lawsuit against Hyundai for using child labor in its Alabama supply chain, reports The NY Times. This includes allegations that a 13-year-old girl worked up to 60 hours a week making car parts. The suit, filed in Montgomery, Ala., claims Hyundai…
Ford and GM’s leaders disagree on the future role of hybrid vehicles Ford’s CEO, Jim Farley, argues hybrids should be viewed as a viable long-term solution, while GM’s CEO, Mary Barra, considers them a temporary step towards full electrification, according to Reuters. Hybrid Vehicles: The Debate Jim Farley wants the industry to stop seeing hybrids…
Norway’s forward-thinking policies have propelled electric vehicles (EVs) to dominate 82% of new car sales in 2023, reports Forbes, outpacing the US and China, and setting a global standard for EV adoption. Government Action Sparks EV Boom In 2023, over 82% of new car sales in Norway were electric vehicles (EVs), the highest adoption rate…
Major Job Cuts Hit Tesla in California Tesla has announced significant layoffs in California, cutting over 600 jobs across its manufacturing and engineering sectors. These job cuts are part of a broader reduction strategy the company has been implementing this year, reports Forbes. Overview of the Layoffs Tesla plans to eliminate 601 positions at its…
At the recent Financial Times’ Future of the Car Summit, Lucid CEO Peter Rawlinson delivered a nuanced view on the electric vehicle (EV) landscape. He acknowledged the significant strides Chinese automakers like BYD have made, yet he emphasized that they still lag behind Tesla in core EV technology. Rawlinson’s insights provide a unique perspective as…
A Leap Forward in Luxury EVs In a significant move signaling the growing demand for electric vehicles (EVs) in the luxury market, General Motors’ Cadillac brand is escalating the production of its Lyriq electric SUV. This decision, according to Reuters, comes as a response to an increase in battery availability and a consistent demand for…
A Resilient Journey Through Tough Times 2023 was a challenging year for the electric vehicle (EV) industry, marked by intensified competition and various market pressures. However, Polestar, the Swedish premium electric automaker, is entering 2024 with renewed optimism. This sentiment comes amidst a turbulent period, characterized by aggressive pricing strategies from competitors like Tesla and…
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