Single buyers of electric vehicles would need to have income of less than $150,000 to qualify for the credit, and luxury models would largely be ineligible. Go to Source
Author: CNBC Online news
Nikola CEO Mark Russell to retire at the end of the year
CEO Mark Russell will retire at the end of 2022. His successor is former Opel CEO Michael Lohscheller, who joined Nikola in February. Go to Source
Ford raises price of electric F-150 Lightning by up to $8,500 due to ‘significant’ battery cost increases
The starting prices for the F-150 Lightning will range from about $47,000 to $97,000, up from roughly $40,000 to $92,000. Go to Source
Workhorse Group shares fall sharply after company cuts 2022 electric vehicle delivery guidance
Workhorse cut its deliveries estimate for the full year, blaming supply-chain issues. But the company said it’s still on track for longer-term milestones. Go to Source
Baidu’s robotaxis don’t need any human staff in these parts of China
Baidu announced Monday it became the first robotaxi operator in China to obtain permits for selling rides with no human staff inside the cars. Go to Source
Elon Musk challenges Twitter CEO Parag Agrawal to a debate on bots
Elon Musk took shots at Twitter on Saturday, and dared CEO Parag Agrawal to debate him in the midst of a legal battle over a $44 billion acquisition gone awry. Go to Source
California DMV accuses Tesla of deceptive practices in marketing Autopilot and Full Self-Driving options
Elon Musk’s electric car business risks more than its reputation — the company could temporarily lose the licenses which allow it to operate in California. Go to Source
Elon Musk predicts mild 18-month recession, teases possible share buybacks
At the 2022 Tesla shareholders meeting, CEO Elon Musk suggested that peak inflation is past, pointing to prices it’s paying for commodities. Go to Source
Lordstown Motors expects limited production and deliveries of electric pickup in 2022
Lordstown said production of its Endurance electric pickup will be slow and largely reliant on capital availability. Go to Source
Nikola’s revenue tops expectations on delivery of 48 electric trucks
Nikola’s second-quarter revenue beat Wall Street’s expectations as it shipped 48 trucks and confirmed its full-year guidance Go to Source