Scrappy electric carmakers upend pecking order in auto industry

TOKYO — The accelerating trend to e-mobility will lead to a paradigm shift in the global car market that could radically change the landscape for the industry. Tesla has emerged as the early leader in the high-stakes electric vehicle race, topping the list of EV manufacturers. No Japanese manufacturer is among the top 10. Apple… Continue reading Scrappy electric carmakers upend pecking order in auto industry

LG Chem agrees to cover most of Hyundai’s $900m EV recall

SEOUL — South Korea’s LG Chem has agreed to shoulder 70% of the cost of a nearly $900 million recall of Hyundai Motor electric vehicles at risk of battery fires. The 1 trillion won ($890 million) recall covering 81,700 vehicles — mainly Kona and Ioniq cars sold in South Korea, the U.S. and Europe —… Continue reading LG Chem agrees to cover most of Hyundai’s $900m EV recall

Buy these 3 battery stocks to play the electric-vehicle party, but stay away from this company, says UBS

TipRanks The Bottom Is in for These 3 Stocks? Analysts Say ‘Buy’ Never say that one person makes no difference. This past Thursday, stocks tumbled, bonds surged, and investors started taking inflationary risks seriously – all because one guy said what he thinks. Jerome Powell, chair of the Federal Reserve, held a press conference at… Continue reading Buy these 3 battery stocks to play the electric-vehicle party, but stay away from this company, says UBS

‘Big Short’ investor Michael Burry has warned of a stock-market bubble and slammed Tesla, Robinhood, bitcoin, and the GameStop frenzy in recent weeks. Here are his 17 best tweets.

Christian Bale as Michael Burry in “The Big Short.” The Big Short/Netflix Michael Burry has been sounding the alarm on hype and speculation in markets for months, warning that the reckless promoting and buying will result in a devastating crash. The investor has taken aim at Tesla – which he’s short – as well as… Continue reading ‘Big Short’ investor Michael Burry has warned of a stock-market bubble and slammed Tesla, Robinhood, bitcoin, and the GameStop frenzy in recent weeks. Here are his 17 best tweets.

Take a look at Elon Musk’s weird and whacky merchandise, from red satin Tesla shorts to tequila and flamethrowers

Elon Musk has built a host of products other than cars, rockets and holes underground. Just last year, the billionaire released Tesla Tequila and red satin short shorts. The Boring Company’s flamethrower, from 2018, is still showing up at police hauls. Visit the Business section of Insider for more stories. Elon Musk is known for… Continue reading Take a look at Elon Musk’s weird and whacky merchandise, from red satin Tesla shorts to tequila and flamethrowers

The true disrupter in the auto industry isn’t Tesla — it’s Fisker (TSLA, FSR)

Nobody really saw this one coming. A year ago, Henrik Fisker was an admired auto-industry veteran, but with a failed startup behind him. Fisker Automotive’s 2013 bankruptcy sent Fisker back to his roots in design for a spell, but it didn’t discourage him from taking another crack at building a car company. Fisker Inc., however,… Continue reading The true disrupter in the auto industry isn’t Tesla — it’s Fisker (TSLA, FSR)

Elon Musk says Tesla will double its Full Self-Driving software’s beta program. It comes amid news that Ford’s Mustang Mach-E is eating into Tesla’s US sales.

Tesla CEO Elon Musk on Friday said the carmaker would double a beta testing program for its self-driving software. The news comes amid reports that Ford’s electric Mustang Mach-E seems to be eating into Tesla’s lead in the electric vehicle market.  On Twitter, Musk said:“If you want the Tesla Full Self-Driving Beta downloaded to your… Continue reading Elon Musk says Tesla will double its Full Self-Driving software’s beta program. It comes amid news that Ford’s Mustang Mach-E is eating into Tesla’s US sales.

New Audi Q5 Sportback TFSI e PHEV unveiled

The Audi Q5 Sportback coupe-SUV is now available with a choice of two plug-in hybrid powertrains. The car is on sale now, priced from £53,435 for the entry-level 50 TFSI e quattro Sport and £59,085 for the 55 TFSI e quattro powertrain. Audi’s more affordable Q5 Sportback 50 TFSI e quattro is powered by a… Continue reading New Audi Q5 Sportback TFSI e PHEV unveiled

New 2021 Volvo C40 joins brand’s electric car line-up

Volvo has scored a smash hit with its XC40 small SUV – and now the firm is hoping to score additional sales with the second of its new generation of 40-series models, the C40 Recharge. The new Volvo C40 Recharge is the first purely electric model from the Swedish manufacturer, a potential rival for everything… Continue reading New 2021 Volvo C40 joins brand’s electric car line-up

World NM: Hypercar frenzy as Lamborghini’s latest joins an insatiable market for extreme performance000937

Mere supercars no longer suffice for the wealthy; limited-edition, bonkers hypercars are more popular than ever. The motor is mounted in the gearbox and energy is produced via a supercapacitor – which sounds like it was originally fitted in the Batmobile – which dispenses with the need for a heavy lithium-ion battery but can discharge… Continue reading World NM: Hypercar frenzy as Lamborghini’s latest joins an insatiable market for extreme performance000937