The Stockholm-based electric motorbike manufacturer CAKE has just unveiled its new Jante motor that is designed for light electric motorcycles. It’s been a big week for Swedish electric vehicle companies. With everything from electric boat news, fancy electric bikes, electric microcars, and even flying electric surfboards, now we’re seeing a new electric motor designed for
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Hyundai Motor Group has shared details of the development of an autonomous lunar exploration rover it is designing with Korean aerospace partners to one day navigate the surface of the moon. The Group is aiming to deliver a launch-capable model utilizing Kia and Hyundai technologies by 2027. Hyundai Motor Group’s journey beyond the land, sea,
Tesla has finally decided to bring its trip planner to its mobile app – something that Tesla owners have been wanting for a long time. I’ve always said that longer range is not the best solution to curb range anxiety; accurate range prediction and trip planning are the best solutions to remove range anxiety. We
Tesla’s stock (TSLA) crashed 7% today following earnings that actually met expectations. So what is the problem? Is Tesla losing its credibility? Yesterday, Tesla released its Q1 2023 financial results and met earnings expectations of $0.85 per share and even surprised many by maintaining an automotive gross margin over 19% despite significant price cuts during the
Elon Musk announced again that he believes Tesla might achieve “full autonomy” this year, but it is not even clear what this means at this point. Over the years, Musk has so often claimed that Tesla was on the verge of achieving “full self-driving capability” that it is hard to believe him now. It’s not
Citing a massive consumer demand overseas, Ford is expanding its ultra-popular F-150 Lightning to markets outside the US for the first time, beginning in Norway. Ford says it will kick off its entry to Europe with a limited number of F-150 Lightning Lariat Launch Editions, equipped to handle Norway’s snowy terrain, as you’ll see in
Tesla has reported a massive increase in energy storage deployment in Q1 2023, thanks to its new Megafactory producing a lot of Megapacks. The company’s energy storage business doesn’t get nearly as much attention as its electric vehicle business. And that’s for a good reason – the former is still only a fraction of the
Tesla has just released its Q1 2023 earnings report amidst several price drops since the beginning of the year. This left investors questioning how these drops would affect margins, and Tesla has an explanation, but it’s perhaps only a partial one. In a nod to the question on everyone’s lips, Tesla’s earnings report starts off
Elon Musk announced that Tesla is planning to hold a Tesla Cybertruck delivery event at the “end of the third quarter.” The Tesla Cybertruck is one of the most anticipated Tesla products and also one of the most delayed. Now, it is finally going into production in the coming months, and Tesla gave an update
Tesla (TSLA) released its financial results and shareholders letter for the first quarter of 2023 after market close today. We are updating this post with all the details from the financial results, shareholders’ letter, and the conference call later tonight. Refresh for the latest information. Tesla Q1 2023 earnings expectations As we reported in our Tesla
Tesla has released an update on its Cybertruck production program and shared new pictures of the production line and testing. There are many eyes on the Tesla Cybertruck production program. It is expected to have a significant long-term impact on the EV industry and the pickup truck market. Most recently, Tesla has indicated that it
Tesla hired a new top lawyer to lead its “hardcore litigation” team that CEO Elon Musk announced last year. Over the years, Tesla has been involved in hundreds of legal matters, which is not unusual for a company of its size. Most of the time, Tesla is the defendant. However, lately, we have noticed that
Volkswagen stunned the 2023 Shanghai Auto Show by unveiling its new ID.Next electric sedan concept. The ID.Next was showcased next to the VW ID.7 Vizzion, the Chinese model of its new electric sedan produced by FAW Volkswagen. Volkswagen held an “ID Night” featuring all vehicles in the brand’s (SAIC-Volkswagen) lineup for China, including the ID.3,
Jaguar Land Rover is going to launch a four-door GT EV that will be its fastest car ever, as the first of three luxury electric cars. The ultra-luxury four-door GT will be built in Solihull in the UK. Jaguar Land Rover says the GT will have more power output than any previous Jaguar, but it
A new fully electric SUV is due out from the Italian luxury performance brand marking Maserati’s second EV. The Maserati Grecale Folgore electric SUV was introduced to the world Tuesday at the 2023 Shanghai Auto Show. Maserati, under parent company Stellantis, is transitioning its lineup to include an electric version of every model by 2025.
Tesla (TSLA) is about to release Q1 2022 financial results today, Wednesday, April 19, after the markets close. As usual, a conference call and Q&A with Tesla’s management are scheduled after the results. Here we’ll take a look at what both the street and retail investors are expecting for the quarterly results. Tesla Q1 2023
Tesla has implemented another wave of price cuts across its Model 3 and Model Y vehicles. It’s the second time this month, resulting in its electric cars starting under $40,000 before incentives. After consistently and gradually increasing its electric vehicle prices over the last two years, Tesla has started bringing those prices down in 2023
Elon Musk is getting the last laugh as his ultra-ambitious prediction about the Tesla Model Y becoming the best-selling car in the world has come true. People often like to poke fun at Tesla CEO Elon Musk for his predictions that didn’t turn out to be true, and rightfully so, especially for things like his
Soon you will be able to pull up and charge just about anywhere. Hyundai CRADLE, the open tech innovation unit from the Hyundai Motor Group, is partnering with Brooklyn-based EV charging firm itselectric and the New York City Economic Development Corporation to showcase curbside EV charging stations for city use. Launched in 2017, Hyundai CRADLE
Toyota Motor introduced two new fully electric concept models at the Auto Show in Shanghai Tuesday as part of its expanding bZ (Beyond Zero) lineup. The new EVs include a sport crossover and family-oriented SUV that will be launched in China next year. The Japanese automaker released its first electric vehicle, the bZ4X SUV, in