Investors are reassessing the premise that justified Tesla’s astronomical stock price and made its founder, Elon Musk, the richest person in the world. Tesla’s $1 trillion valuation made sense only if investors believed the electric car company was on a path to dominate the auto industry the way Apple rules smartphones or Amazon commands online… Continue reading Tesla’s Aura Dims as Its Plunging Stock Highlights the Risks It Faces
Tag: Tesla
Sustainability Index Drops Tesla, Prompting Insult from Musk
Elon Musk called a prominent index of socially responsible companies a “scam” on Wednesday after it dropped Tesla because of the way the carmaker handled accusations of racial discrimination at its factory in California. The S&P 500 ESG Index, a listing of companies that meet certain environmental, social and governance standards, removed Tesla last month.… Continue reading Sustainability Index Drops Tesla, Prompting Insult from Musk
The Tesla Effect: Snowmobiles, Boats and Mowers Go Electric
STOWE, Vt. — Snowmobiles are part of the winter soundtrack in this part of Vermont, at their worst shattering the stillness of the forest like motorcycles on skis. But the motorized sleds bouncing along a wooded mountain trail in February were silent except for the whoosh of metal runners on snow. The machines, made by… Continue reading The Tesla Effect: Snowmobiles, Boats and Mowers Go Electric
GM’s Mary Barra Has a Plan to Win the Electric Vehicle Race
WARREN, Mich. — General Motors made a splash last year when it announced a bold plan to ramp up sales of electric vehicles and said it would stop making gasoline-powered vehicles by 2035. But more than a year later, some other automakers appear better positioned to lead the industry’s transition to E.V.s. Tesla had global… Continue reading GM’s Mary Barra Has a Plan to Win the Electric Vehicle Race
VW CEO believes Tesla will be weakened by ramping up 3 Gigafactories simultaneously
Volkswagen CEO Herbert Diess said he believes that Tesla’s decision to ramp up 3 Gigafactories simultaneously will weaken the automaker and help VW catch up in the race to dominate the EV space. Tesla and the Volkswagen Group are widely recognized as the leaders in electrification, especially in their respective home markets of the United… Continue reading VW CEO believes Tesla will be weakened by ramping up 3 Gigafactories simultaneously
15,000 Tesla vehicles are already in the hands of Uber drivers through Hertz deal
Uber announced that 15,000 Tesla vehicles are already in the hands of its drivers in more than 30 US cities through its deal with Hertz to expand access to electric vehicles. Last year, Hertz announced an important effort to electrify its fleet of rental cars, led by a massive purchase of 100,000 Tesla Model 3 vehicles… Continue reading 15,000 Tesla vehicles are already in the hands of Uber drivers through Hertz deal
Stunning Hyundai Ioniq 6 electric sedan gives the Tesla Model 3 its first true rival
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Buick tops J.D. Power Initial Quality Study as vehicle problems rise
General Motors Co.’s Buick brand topped J.D. Power’s 2022 Initial Quality Study in a year in which pandemic-related disruptions caused overall results to decline. That’s according to data released Tuesday by the consumer insights, advisory services and data analytics firm. Initial vehicle quality “notably declined” during the pandemic, with factors such as supply-chain issues contributing to… Continue reading Buick tops J.D. Power Initial Quality Study as vehicle problems rise
German Manager Magazin: Siemens: Technology group joins VW’s US charging station network001881
The Wolfsburg carmaker Volkswagen has a co-investor for its network of fast electric charging stations in the United States found. The Munich technology group Siemens takes a low three-digit million amount in “Electrify America”, founded in 2017, and in return receives a minority stake in the VW subsidiary, as those involved announced on Tuesday. Overall,… Continue reading German Manager Magazin: Siemens: Technology group joins VW’s US charging station network001881
German Manager Magazin: Volkswagen boss Herbert Diess: “We’re making more money than ever”001880
Profits are bubbling up at Volkswagen. “We earn more than ever – despite the lack of semiconductors and stagnant supply chains,” said the CEO Herbert Diess (63) on Tuesday at a staff meeting in Wolfsburg. The bottleneck in electronic components that has persisted for many months is finally easing. “We are increasing our volumes, not… Continue reading German Manager Magazin: Volkswagen boss Herbert Diess: “We’re making more money than ever”001880