Employees of the Tesla Gigafactory Berlin Brandenburg work on the final inspection of the finished Model Y electric vehicles. The Tesla plant was opened and put into operation on March 22, 2022. Patrick Pleuil | Picture Alliance | Getty Images Tesla shares closed down 6% on Monday after the company’s quarterly deliveries report led some… Continue reading Tesla shares drop after deliveries report raises investor concern that more price cuts are coming
Author: CNBC Online news
General Motors’ U.S. sales jump 18% in the first quarter
A GMC pickup truck is displayed for sale on a lot at a General Motors dealership on January 05, 2023 in Austin, Texas. Brandon Bell | Getty Images General Motors said Monday that its first-quarter U.S. sales rose 18% from a year ago, to just over 600,000 vehicles delivered, as it continued its rebound from… Continue reading General Motors’ U.S. sales jump 18% in the first quarter
Rivian says it remains on track to build 50,000 EVs in 2023
The Rivian name is shown on one of their new electric SUV vehicles in San Diego, U.S., December 16, 2022. Mike Blake | Reuters Electric vehicle maker Rivian Automotive said Monday that its first-quarter deliveries were in line with expectations and that it remains on track to produce 50,000 EVs in 2023. Rivian said in… Continue reading Rivian says it remains on track to build 50,000 EVs in 2023
Chinese EV brand Li Auto sees first-quarter deliveries surge by 66%
Chinese electric car startup Li Auto saw deliveries surge by nearly 66% in the first quarter from a year ago. Zhang Peng | Lightrocket | Getty Images BEIJING — Chinese electric car brand Li Auto delivered more cars in March than Xpeng did in the first quarter, according to company releases. Li Auto delivered 20,823… Continue reading Chinese EV brand Li Auto sees first-quarter deliveries surge by 66%
Tesla reports 422,875 deliveries for first quarter of 2023
Tesla Superchargers are seen at a charging station on March 17, 2023 in Beijing, China. Vcg | Visual China Group | Getty Images Tesla on Sunday posted its first-quarter vehicle production and delivery report for 2023. Here are the key numbers from the electric vehicle maker: Total deliveries Q1 2023: 422,875 Total production Q1 2023: 440,808… Continue reading Tesla reports 422,875 deliveries for first quarter of 2023
California to require half of all heavy trucks sales to be electric by 2035
A driver operates a Daimler Freightliner eCascadia all-electric semitruck during a Meijer delivery in Bath, Michigan, US, on Tuesday, Feb. 14, 2023. Emily Elconin | Bloomberg | Getty Images The Environmental Protection Agency on Friday said it’s granting California the legal authority to require that half of all heavy-duty truck sales in the state be… Continue reading California to require half of all heavy trucks sales to be electric by 2035
Tesla issues recall on Semi over defective brake module, rollaway risk
Tesla Semi Courtesy: Tesla Tesla has issued a voluntary recall on the Semi, a first since the company began deliveries of the heavy-duty electric trucks to customers in December 2022. According to recall filings posted on the website of the National Highway Traffic Safety Administration, 35 Semi trucks were affected. The trucks were built with… Continue reading Tesla issues recall on Semi over defective brake module, rollaway risk
Nikola shares sink after its $100 million stock offering priced at 20% below market
Nikola Motor Company Source: Nikola Motor Company Electric heavy-truck maker Nikola said that its planned $100 million secondary stock offering, announced on Thursday after U.S. markets closed, has priced at $1.12 per share – 20% below the stock’s Thursday closing price of $1.40. Nikola’s shares closed on Friday at $1.21, down over 13%. Even with… Continue reading Nikola shares sink after its $100 million stock offering priced at 20% below market
EV tax credit rules are about to get a lot more complicated
Ben Hasty | MediaNews Group/Reading Eagle via Getty Images The Treasury Department on Friday proposed new rules for determining which EVs will be eligible for tax credits under the new “critical mineral” and battery component requirements included in last year’s Inflation Reduction Act. While the Treasury Department hasn’t yet said which vehicles are eligible for… Continue reading EV tax credit rules are about to get a lot more complicated
Xpeng expands assisted driving tech coverage to Shanghai, something Tesla doesn’t offer in China
Xpeng showroom in Beijing showing the P7 electric sedan. Vcg | Visual China Group | Getty Images SHANGHAI — Chinese electric car company Xpeng announced Friday it will be rolling out its latest assisted driving software to users in the metropolis of Shanghai, something its U.S. rival Tesla does not offer in China. Previously the… Continue reading Xpeng expands assisted driving tech coverage to Shanghai, something Tesla doesn’t offer in China