General Motors said on Tuesday that its profit in the final three months of 2023 was depressed by the cost of a 40-day strike at some of its U.S. plants and an accounting charge related to electric vehicles. The automaker, which has been banking on a rapid rise in sales of battery-powered models, earned $2.1… Continue reading G.M. Profits Hurt by Electric Car Business and Strike
Author: New York Times Online News
Elon Musk’s $50 Billion Tesla Pay Was Struck Down. What Happens Next?
A Delaware judge’s decision to void the pay package that helped make Elon Musk the world’s richest person leaves Tesla’s board with some difficult decisions to make. Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery on Tuesday ordered Tesla to cancel stock options awarded to Mr. Musk, the electric car company’s chief… Continue reading Elon Musk’s $50 Billion Tesla Pay Was Struck Down. What Happens Next?
G.M. Profits Hurt by Electric Car Business and Strike
General Motors said on Tuesday that its profit in the final three months of 2023 was depressed by the cost of a 40-day strike at some of its U.S. plants and an accounting charge related to electric vehicles. The automaker, which has been banking on a rapid rise in sales of battery-powered models, earned $2.1… Continue reading G.M. Profits Hurt by Electric Car Business and Strike
Truck Makers Team Up to Push for Electric Vehicle Chargers
There are more than four million electric vehicles on American roads, but fewer than 1,000 of them are heavy-duty trucks. On Tuesday, the three largest truck makers announced a push to remedy that deficit by calling on governments and utilities to help them build many more places to charge big rigs. Daimler Truck, which owns… Continue reading Truck Makers Team Up to Push for Electric Vehicle Chargers
Phones Track Everything but Their Role in Car Wrecks
Cellphones can track what we say and write, where we go, what we buy and what we search on the internet. But they still aren’t being used to track one of the biggest public health threats: crashes caused by drivers distracted by the phones. More than a decade after federal and state governments seized on… Continue reading Phones Track Everything but Their Role in Car Wrecks
Tesla Profit Doubles From Tax Effect, but Price Cuts Hurt
Tesla’s profit more than doubled during the last three months of 2023 compared with a year earlier after the electric carmaker booked a tax benefit. But profit from car sales slumped after Tesla cut prices to fend off increasingly intense competition, the company said on Wednesday. Profit in the fourth quarter was $7.9 billion, up… Continue reading Tesla Profit Doubles From Tax Effect, but Price Cuts Hurt
Biden to Make EV Charging Tax Credits Available in Much of U.S.
The Biden administration on Friday issued guidance that makes much of the country eligible for tax credits intended to offset the cost of installing electric vehicle chargers. Consumers and businesses can claim the credit for charging equipment installed for public or private use at homes or on business properties. The initiative aims to make it… Continue reading Biden to Make EV Charging Tax Credits Available in Much of U.S.
Tesla Drivers in Chicago Confront a Harsh Foe: Cold Weather
With Chicago temperatures sinking below zero, electric vehicle charging stations have become scenes of desperation: depleted batteries, confrontational drivers and lines stretching out onto the street. “When it’s cold like this, cars aren’t functioning well, chargers aren’t functioning well, and people don’t function so well either,” said Javed Spencer, an Uber driver who said he… Continue reading Tesla Drivers in Chicago Confront a Harsh Foe: Cold Weather
Hybrid Cars Enjoy a Renaissance as All-Electric Sales Slow
As Teslas and other electric vehicles dazzled car buyers with futuristic technology and dreams of a gasoline-free future, hybrid cars began to seem like yesterday’s news. Sales of the Toyota Prius, the standard-bearer for hybrids, fell 85 percent over a decade. Now, a slowdown in the growth of electric car sales has led General Motors,… Continue reading Hybrid Cars Enjoy a Renaissance as All-Electric Sales Slow
Musk Demands Bigger Stake in Tesla as Price for A.I. Work
Elon Musk, the chief executive of Tesla, stunned investors by demanding that the company’s board give him shares worth more than $80 billion if it wants him to continue developing products based on artificial intelligence. In the latest demonstration of his disregard for conventional ways of communicating with investors, Mr. Musk said late Monday on… Continue reading Musk Demands Bigger Stake in Tesla as Price for A.I. Work