The beating that Tesla’s stock (TSLA) has been through has brought it down to near value stock level, says a Morgan Stanley analyst. Tesla has been delivering record numbers of vehicles, revenue, and profit lately, but it’s not being reflected in its stock performance. The Tesla (TSLA) stock is down over 30% since August: In… Continue reading Tesla (TSLA) drops to near value stock level, says analyst
Category: Automotive
Tesla issues another ‘recall’ that is fixed with software update
Tesla issued another “safety recall,” a term the company doesn’t like because the recall didn’t require a physical recall of the 30,000 vehicles affected. An over-the-air software update was the fix. Earlier this year, NHTSA issued a series of recalls on Tesla vehicles that were highly reported in the media. What was less reported, though, is that… Continue reading Tesla issues another ‘recall’ that is fixed with software update
Carvana lays off 1,500 employees following stock free fall
A Carvana used car “vending machine” on May 11, 2022 in Miami, Florida. Joe Raedle | Getty Images Carvana is laying off about 1,500 people, or 8% of its workforce, Friday following a free fall in the company’s stock this year, a weakening used vehicle market and concerns around the company’s long-term trajectory, according to… Continue reading Carvana lays off 1,500 employees following stock free fall
You can take a 500-mile round-trip taxi from Saudi Arabia to the Qatar World Cup for $532
A general view of the skyline from the Doha Corniche on March 31, 2022. Nick Potts – Pa Images | Getty Images DUBAI, United Arab Emirates — The Dubai-based rideshare app Careem is offering inter-country taxi journeys for the 2022 World Cup in Qatar, as millions of soccer fans from around the world descend on the… Continue reading You can take a 500-mile round-trip taxi from Saudi Arabia to the Qatar World Cup for $532
Why Fiat is bringing back the 500e EV it once asked Americans not to buy
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Hyundai Home helps EV buyers set up charging, solar, energy storage
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Magna starts production of Fisker Ocean EV in Austria
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See a Sea Change: 3D Researchers Bring Naval History to Life
Museumgoers will be able to explore two sunken WWII ships as if they were scuba divers on the ocean floor, thanks to work at Curtin University in Perth, Australia. Exhibits in development, for display in Australia and potentially further afield, will use exquisitely detailed 3D models the researchers are creating to tell the story of… Continue reading See a Sea Change: 3D Researchers Bring Naval History to Life
Payne: The Best of the LA Auto Show
This content is only available to subscribers. Get unlimited digital access. $1 for 6 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading Payne: The Best of the LA Auto Show
GM invests $45 million at Indiana casting foundry for EV production
General Motors Co. is investing $45 million at its Bedford, Indiana, aluminum die casting foundry to support future electric vehicle production, the automaker said Friday. The investment will expand the facility’s production capacity for EV drive unit castings for production of the Chevrolet Silverado EV and GMC Sierra EV full-size pickups. Work for the expansion… Continue reading GM invests $45 million at Indiana casting foundry for EV production