The Chinese government has reportedly asked local automakers to pause expansion plans in Europe due to the European Union’s import tariffs on electric vehicles (EVs) from China. According to people familiar with the matter, the Chinese government told local automakers to pause active searches for production sites in Europe and Read more
Tesla Energy is steadily becoming a more prolific part of the company’s operations. In the third quarter of 2024 alone, Tesla revealed that its energy division was able to achieve a record gross margin of 30.5%. Tesla also noted that as of Q3, over 750,000 Powerwalls have been installed globally. Read more
Stellantis is feeling pressure from Congress in the United States. About 80 members of the US Congress urge Stellantis to honor investments commitments in the contract it signed with the United Auto Workers union. Democratic members of the US House of Representatives and the Senate sent separate letters to Stellantis Read more
LG Energy Solution (LGES) and Ford signed a battery supply deal. Part of the agreement between Ford and the South Korean battery supplier includes moving LGES’ battery production for the Mustang Mach-E from Europe to the United States. LGES and Ford’s contract is predicted to help the South Korean battery Read more
The US government has approved the construction of a massive new lithium mine on public land in Nevada as part of a strategy to break China’s dominance over the supply chain of critical minerals used in EVs. The mine will be a key supplier to Ford’s future EVs. more…
The first Costco-branded DC fast chargers have built-in batteries.
Tesla Roadster details were among the sought-after questions during the company’s Earnings Call on Wednesday night, but they were once again given a cryptic walkaround by CEO Elon Musk and other executives with no true end in sight. The Roadster has been delayed on numerous occasions. Although Tesla has a Read more
Tesla stock (NASDAQ: TSLA) spiked big on the company’s strong earnings call on Wednesday evening that detailed strong margins and better guidance in 2025 that should resume growth year over year. At the time of writing, Tesla shares were up over 20 percent. Tesla said in its Q3 2024 Shareholder Read more
Tesla’s entire narrative related to the third quarter is based on the strong margins it reported, which are a big reason why the stock is doing so well on Thursday, just one day after the Q3 report. Wall Street has been looking for that strong display from Tesla for several Read more
Volkswagen’s Scout Motors brand brought the past to the future with its new Traveler SUV and Terra pickup truck. Scout Motors paid homage to the past through the Traveler and Terra’s designs and names. The designs of the new Scout SUV and pickup truck mix familiar lines with the technology Read more