Audi Q8 e-tron production at Brussels plant (Source: Audi AG) Following the news of sweeping cuts at Volkswagen, Nissan, and Stellantis, now VW-owned Audi announced plans to slash its workforce by 15%, with thousands of jobs on the chopping block. After sweeping layoffs at Volkswagen numbering in the tens of thousands, other jobs within the… Continue reading It’s brutal out there: Audi to slash 4,500 jobs
Author: Electrek Newsfeed
Tesla (TSLA) valuation surges to equal next 10 biggest automakers over Trump/Musk relationship
Tesla’s stock (TSLA) has surged to a $1 trillion valuation – seemingly over the assumption that the Trump and Musk relationship is going to benefit the automaker. The company is virtually worth more than the next 10 biggest automakers combined. Tesla has extended its post-election rally another 7% this morning – resulting in its valuation… Continue reading Tesla (TSLA) valuation surges to equal next 10 biggest automakers over Trump/Musk relationship
Tesla launches Cybertruck leases stating at $999 to boost demand
Tesla has launched Cybertruck leases starting at $999 a month to boost demand for its electric pickup truck. As we reported earlier this week, Tesla appears to have been running out of its backlog of Cybertruck reservation holders in the US based on the fact that people without reservations can order one and get it… Continue reading Tesla launches Cybertruck leases stating at $999 to boost demand
Nissan cuts 9,000 jobs and goes into ’emergency’ mode
Nissan is in full-scale emergency mode to save itself: the automaker is cutting 9,000 jobs, slashing production capacity, and selling off its stake in Mitsubishi Motors. The CEO is also reducing his own salary by half. CEO Makoto Uchida – who took the job amid the epic Carlos Ghosn disaster – today unveiled a “sweeping”… Continue reading Nissan cuts 9,000 jobs and goes into ’emergency’ mode
Volvo EV owners can now charge at Tesla Superchargers
Photo: Volvo Car USA Volvo Cars is opening access to Tesla Superchargers in the US and Canada for its EVs, including its new EX90 flagship SUV. Charging at Tesla Superchargers and other North American Charging Standard (NACS) chargers will be enabled by an adapter included with the purchase of a new Volvo EX90 flagship SUV,… Continue reading Volvo EV owners can now charge at Tesla Superchargers
Mexico wants to know if Tesla still plans to build its Gigafactory there after Trump’s win
Mexico wants to ask Elon Musk if Tesla still plans to build its ‘Gigafactory Mexico’ now that Trump has won the elections. After months of speculations, Tesla officially announced Gigafactory Mexico back in March 2023. At the time, Tesla talked about moving fast and building the plant in about a year, like it did in Shanghai. However,… Continue reading Mexico wants to know if Tesla still plans to build its Gigafactory there after Trump’s win
Rivian and Lucid shares take a dive while Tesla soars
What’s the Trump effect on the EV market? Depends: Smaller players like Rivian and Lucid are potentially at risk, while Tesla has the scale, profitability, and Trump connection to make it work, despite major shifts that are sure to come. Here’s the scoop on how a second Trump term may play out among automakers: Yesterday’s… Continue reading Rivian and Lucid shares take a dive while Tesla soars
Tesla police cruiser, Trump voters love solar, and at least the mines will be nice
On today’s episode of Quick Charge, I, for one, welcome our new insect overlords. I’d like to remind them that, as a trusted media personality, I can be helpful in rounding up others to toil in their underground sugar caves cobalt mines. We’ve also got the world’s quickest police pursuit vehicle, an Amnesty International report… Continue reading Tesla police cruiser, Trump voters love solar, and at least the mines will be nice
Toyota will hold off on EV investment decisions until ‘the very last moment’ as profits slip
Toyota is tightening the reins after seeing its first quarterly profit drop in two years. To maintain profits, Toyota plans to “hold off on investment decisions until the very last moment,” including EV and hybrid investments. Toyota announced that its operating income in the first half of fiscal 2025 fell to around $16 billion (2.64 trillion… Continue reading Toyota will hold off on EV investment decisions until ‘the very last moment’ as profits slip
GM recalls, once again, its Chevy Bolt
Chevy Bolt EUV (Source: Chevrolet) A few years back, General Motors had to recall 142,000 Bolts in a major fiasco due to fire risk. This time around, however, just a small number of Bolts are being recalled, only 107. But the risk of fire is deemed high – according to the NHTSA – if these… Continue reading GM recalls, once again, its Chevy Bolt