Ford CEO Jim Farley is warning Tesla about “product freshness” as he believes Tesla’s electric cars are at risk of becoming commodities. Last summer, Farley accurately predicted that a price war in the EV market would be coming soon. Tesla started it in early January, and Ford followed with price cuts to its Mustang Mach-E… Continue reading Ford CEO warns Tesla about ‘product freshness,’ believes their EVs are becoming commodities
Author: Electrek Newsfeed
Tesla Powerwalls will help new low-income housing tackle ‘fuel poverty’
Tesla Powerwalls are being deployed in a new low-income housing project in Scotland to test if they could help tackle “fuel poverty.” When energy costs rise as they have in Europe, it affects low-income families the most, as the now soaring electricity bills represent a more significant part of their budgets. It can quickly become… Continue reading Tesla Powerwalls will help new low-income housing tackle ‘fuel poverty’
Tesla drops price of Model Y 7-seat option to $3K, from $4K
Tesla has lowered the price of its seven-seat, third-row option for its popular Model Y SUV to $3,000, down from $4,000 previously. The change is the latest among several recent price changes for Tesla as inventory reaches a new high. The standard Model Y includes five seats, but buyers can upgrade to an option for… Continue reading Tesla drops price of Model Y 7-seat option to $3K, from $4K
Tesla’s biggest bull with $2,000 price target sees robotaxi service launching ‘soon’
Ark Invest, arguably Tesla’s biggest bull with a $2,000 price target on the TSLA stock, put together a weighted average prediction for when Tesla would launch its robotaxi service. Recently, Tesla has made it clear that it is virtually betting the house on self-driving. CEO Elon Musk even went as far as to say that… Continue reading Tesla’s biggest bull with $2,000 price target sees robotaxi service launching ‘soon’
Toyota and Joby Aviation extend partnership to reach mass production of passenger eVTOLs
eVTOL developer Joby Aviation announced it has signed a long-term supply agreement with Toyota Motor Corporation to support a mutual goal of reaching mass production of electric passenger aircraft in the US. The agreement extends upon an existing partnership between the two companies. Joby Aviation, Inc. ($JOBY) is a California-based company developing electric, vertical takeoff… Continue reading Toyota and Joby Aviation extend partnership to reach mass production of passenger eVTOLs
Pure Watercraft unveils production-intent electric pontoon boat powered by GM’s EV batteries
Electric propulsion specialist Pure Watercraft has officially shared the final design of its Pure Pontoon Boat – the company’s first vessel designed in house. Powered by EV batteries provided by minority stakeholder GM, this first crack at an electric pontoon boat could appeal to many consumers interested in quiet cruises without emissions. Pure Watercraft’s roots… Continue reading Pure Watercraft unveils production-intent electric pontoon boat powered by GM’s EV batteries
Police believed Tesla fire was due to battery, turns out it was arson
A Tesla Model S was found on fire parked on the street in Spokane, Washington. The police first believed that it caught on fire by itself due to its battery, but it turns out it was arson. Electric vehicles have an unwarranted reputation for catching on fire even though there’s no evidence that they catch… Continue reading Police believed Tesla fire was due to battery, turns out it was arson
Tesla is suing a large gas station operator for right to install charging stations
Tesla is suing Tank & Rast, a large gas station operator in Germany, for the right to install charging stations along the Autobahn. Tank & Rast is in a near monopoly position as it holds the concession for almost all Autobahn rest stops in Germany and their filling stations. It used to be a state-owned company before it was privatized… Continue reading Tesla is suing a large gas station operator for right to install charging stations
Tesla (TSLA) inventory reaches new high, pointing to price cuts not working
Tesla’s (TSLA) inventory in the US has reached a new high, which is worrisome at this time in the quarter, and it is pointing to price cuts maybe not working as well as the automaker intended. Since the beginning of the year, Tesla has consistently reduced prices of its electric vehicles in the US to… Continue reading Tesla (TSLA) inventory reaches new high, pointing to price cuts not working
Tesla says Elon Musk’s statements on self-driving ‘might have been deep fakes’ in bizarre defense
Tesla has decided to use a bizarre defense in a lawsuit brought by the family of a Tesla owner who died in an accident while using Autopilot a few years ago. The automaker claimed that CEO Elon Musk shouldn’t be made available to explain some of his statements on self-driving because some of the public… Continue reading Tesla says Elon Musk’s statements on self-driving ‘might have been deep fakes’ in bizarre defense