Software company CEO Dan O’Dowd paid for an ad that purports to show Tesla’s FSD system isn’t safe. The automaker disagrees, calling it “misinformation.” Go to Source
Author: CNBC Online news
Chinese EV maker Xpeng teases two new cars — and one will compete with Tesla’s Model Y
Xpeng President Brian Gu said one of the vehicles will launch in the first half of next year and can be considered a “strong competitor” to Tesla’s Model Y. Go to Source
‘We don’t see any slowdown’ from superrich car buyers, says Bugatti Rimac CEO
Bugatti Rimac CEO Mate Rimac said the maker of a new sold-out supercar isn’t seeing any signs of a slowdown among its wealthy buyers. Go to Source
Tesla stock set for 3-for-1 split after market close
Tesla shares will begin trading on a split-adjusted basis Thursday. Go to Source
Chinese Tesla rival Xpeng tanks 12% after wider-than-expected loss and weak car delivery guidance
Xpeng said it expects to deliver between 29,000 and 31,000 electric vehicles in the third quarter, lower than what the market had expected. Go to Source
Ford to eliminate 3,000 jobs in an effort to cut costs
Ford Motor is cutting about 3,000 jobs from its global workforce, a majority of which are in North America. Go to Source
Why some people hate touch screens in cars
Buttons, switches and knobs have given way to high-tech touch screens in cars. Some people find them annoying and dangerous. But they aren’t going anywhere Go to Source
Classic car auctions in Monterey score a record $469 million
Over 790 cars sold for a sales total of $469 million at the auctions in Monterey this weekend. Go to Source
Australian bank to scrap loans for new diesel and gasoline cars as country looks to increase EV uptake
An Australian bank plans to stop giving loans for new diesel and gasoline cars as the country tries to encourage the use of electric vehicles. Go to Source
Elon Musk says Tesla will hike the price of FSD driver assistance software by 25% in September
Elon Musk said on Sunday that Tesla plans a price increase for FSD, its premium driver assistance option. Go to Source