Tesla will build a factory in northern Nevada that will manufacture electric semi trucks, the company said Tuesday, putting pressure on traditional truck makers like Daimler and Volvo that are just beginning to sell battery-powered vehicles. The factory, along with a new battery plant, will add 3,000 employees at an existing Tesla facility east of… Continue reading Tesla Will Build Heavy Trucks at a New Factory in Nevada
Category: US Motoring Press
Demand for semitrucks is surging, and four companies stand to benefit
Semitruck makers have seen record demand for trucks in recent months and have pivoted from managing extremely tight supply constraints to filling orders now that parts are starting to flow more freely. “Demand for trucks is, I would say, unprecedented,” said David Carson, SVP of sales and marketing for Daimler Trucks North America. “We’ve seen… Continue reading Demand for semitrucks is surging, and four companies stand to benefit
Tesla reports record revenue and beats on earnings
A Tesla dealership in Colma, California, Jan. 26, 2022. David Paul Morris | Bloomberg | Getty Images Electric vehicle maker Tesla reported earnings after the bell, beating on both earnings and revenue. Shares were trading approximately flat after hours. Here are the results. Earnings (adjusted): $1.19 vs $1.13 per share expected, per Refinitiv Revenue: $24.32 billion vs… Continue reading Tesla reports record revenue and beats on earnings
Why the $7,500 EV tax credit may be tougher to get starting in March
Maskot | Maskot | Getty Images Getting a $7,500 tax break for the purchase of a new electric vehicle will likely get harder in a few months — meaning prospective buyers who want the financial incentive may wish to speed up their timeline. The Inflation Reduction Act, a historic climate law President Biden signed… Continue reading Why the $7,500 EV tax credit may be tougher to get starting in March
How Tesla’s price cuts could spur an EV pricing war
A Tesla showroom is seen in the City Center shopping center on January 17, 2023 in Washington, DC. Anna Moneymaker | Getty Images DETROIT — Tesla vehicles in the U.S. are seeing significant price cuts, and that’s proving to be a double-edged sword for the electric carmaker and the greater automotive industry. Tesla earlier this… Continue reading How Tesla’s price cuts could spur an EV pricing war
Tesla plans to spend $3.6 billion more on battery and truck manufacturing in Nevada
An aerial view of the Tesla Gigafactory near Sparks, Nevada Bob Strong | Reuters Tesla plans to spend $3.6 billion more on expanded battery and heavy duty truck manufacturing in Nevada, the company said Tuesday on social media. According to its public statements, Tesla intends to hire 3,000 more people across two new facilities eventually.… Continue reading Tesla plans to spend $3.6 billion more on battery and truck manufacturing in Nevada
Tesla confirms Nevada expansion to make more electric trucks
Sparks, Nev. — Tesla confirmed it intends to invest $3.6 billion to expand its manufacturing capabilities in Nevada for “high-volume” production of electric semi-trucks and make enough cell batteries for 2 million light-duty vehicles annually. Nevada Gov. Joe Lombardo had said during his State of the State address Monday night he planned to join Elon… Continue reading Tesla confirms Nevada expansion to make more electric trucks
Ford’s BlueCruise automated driving system tops Consumer Reports study
Ford Motor Co.’s BlueCruise active driving assistance (ADA) system has surpassed General Motors Co.’s SuperCruise and Tesla Inc.’s Autopilot to achieve the top spot in a Consumer Reports’ study of 12 of the ADA systems released Wednesday. Consumer Reports tested the systems at its 327-acre Auto Test Center in Connecticut and on a 50-mile public roads loop between September… Continue reading Ford’s BlueCruise automated driving system tops Consumer Reports study
Manchin introduces bill to end EV tax credits for unqualified cars
Washington — U.S. Sen. Joe Manchin, D-West Virginia, introduced legislation Wednesday to immediately end EV tax credits for vehicles that don’t meet federal battery and mineral standards. If enacted, the bill would make new electric vehicle tax credits — and their strict content requirements — go into effect without waiting for the U.S. Treasury Department… Continue reading Manchin introduces bill to end EV tax credits for unqualified cars
LG gets extension on Holland battery plant expansion as plans with GM stall
LG Energy Solution is getting an extension on formally entering into an agreement with Michigan’s quasi-governmental economic engine to quintuple the size of its Holland electric-vehicle battery plant just days after it first was reported that the company won’t be building a fourth battery plant with General Motors Co. The governing body of the Michigan… Continue reading LG gets extension on Holland battery plant expansion as plans with GM stall