Tesla (TSLA) investors have been buying the automaker’s stock at a record pace over the last few weeks. Here’s why we think they are doubling down. Despite a less-than-stellar performance on the stock market over the last year, individual Tesla investors appear undeterred. A new report from Vanda Research (via WSJ) shows that individual investors
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American Honda Motor Company is giving the public a first look at its latest generation WALL-E Autonomous Work Vehicle (AWV) prototype before it showcases its full capabilities at CONEXPO 2023 in Las Vegas later this month. The autonomous prototype was designed to support worksite efficiencies in the construction industry and can haul up to 2,000
A Florida state senator told the state’s Department of Transportation that he thinks EVs could run out of charge and block traffic during hurricane evacuations. EVs in Florida hurricane evacuations State senator Jonathan Martin, a Republican who represents Fort Myers, sits on the Committee on Environment and Natural Resources and also the new Select Committee
Tesla’s official announcement to build what is now known as Gigafactory Mexico was light on details, but now we are starting to learn more, thanks to local reports. After months of rumors, Tesla finally announced Gigafactory Mexico during its Investor Day last week. CEO Elon Musk himself admitted that it was the biggest “news” of
Hyundai Mobis, the parts and service arm of the Hyundai Motor Company, revealed a new tech system that can automatically adjust the height of your EV depending on the environment, such as on rough roads, highways, parking lots, etc. Hyundai, including Kia and Genesis, has made one of the most impressive brand transformations over the
After years of price increases, Tesla has updated pricing on its flagship Model S and Model X vehicles. The Model S now starts at just $90,000. Over the last few years, Tesla has gradually increased prices across its entire lineup amid supply chain difficulties and inflation, but also mainly due to enjoying some robust demand.
Despite an ongoing pause in F-150 Lightning production, Ford says it will boost output this year in response to overwhelming demand. Ford aims to triple Lightning and double Mach-E production as consumers continue gravitating toward its popular EVs. After selling 61,575 EVs last year, Ford became the second-largest electric vehicle maker in the US, behind
As the auto industry charges ahead toward a fully electric future, you can start to see clear leaders and laggards. Subaru, like its Japanese counterparts, is looking to play catch up. The automaker announced Friday it was appointing a new CEO to address the “profound transformation” to EVs in the auto industry, following a similar
Tesla is deploying its first Supercharger V4, a new generation of its DC fast-charging stations, and it’s much bigger than the previous generation. Last year, we reported on Tesla’s Supercharger V4 design being revealed in the plans for a new station. Tesla is believed to be ramping up production of the new charger in order to
The Mississippi Senate has passed a bill that will stop electric car companies from opening their own dealerships in the state, ensuring that the state famous for being last place in many rankings of all 50 states remains there. There is a saying used in the US: “Thank God for Mississippi.” This is a reference
Through its joint project, MaterialLoop, Audi is proving you can turn old cars into new ones. The project aims to “close the loop” on materials, such as steel, aluminum, plastic, and glass, recycling them to build new cars and significantly reduce emissions and waste. Gas-powered cars emit around 4.6 metric tons of carbon dioxide each
Redwood Materials’ EV battery recycling pilot program has been going on for a year in California, and today the company shared an update on how things are going. Redwood Materials was founded by JB Straubel, former Tesla CTO and one of Tesla’s five cofounders. The pilot program started a year ago, collecting old EV battery
Ford has announced that Lightning production will restart on March 13, after being paused for about a month while a battery issue was investigated. Currently, F-150 Lightnings are under a stop-shipment order, though not a stop-sale, until production restarts. Ford originally stopped production in early February after one vehicle displayed a battery issue during pre-delivery
Ford unveiled Thursday a new business unit called Latitude AI, designed to develop automated driving tech for future vehicles. The division will initially focus on a hands-free, eyes-off driver assist system to improve safety and the driver experience. In 2017, Ford injected $1 billion into Argo AI, a self-driving startup, along with Volkswagen, in a
Tesla announced that it has built its 4 millionth electric car, and the rate of production is increasing at an impressive pace. It took Tesla 12 years of operations in order to build its first million electric vehicles; the automaker achieved that milestone in early 2020. Now just a few years later, Tesla has repeated
Tesla has teased what appears to be a new wireless home charging station as part of its charging presentation during its Investor Day. Investor Day included presentations from all of Tesla’s major divisions, including a presentation about charging by Rebecca Tinucci, head of global charging infrastructure. The bulk of the presentation focused on Tesla’s extensive
Tesla has done the math to understand what it takes to transition the world to sustainable energy and released it during its Investor Day. When on stage during the event, CEO Elon Musk said that it was about hope: “This event is about hope and optimism that is based on physics. Earth will move to
Tesla vehicles will be capable of bidirectional charging within the next two years, according to comments from Tesla VP Drew Baglino at today’s Investor Day event. A question was asked during the Q&A portion about whether Tesla would move towards enabling bidirectional charging on its cars, noting the company’s historical reluctance to do so. Drew
Tesla announced that it will soon launch a new plan for unlimited overnight charging for $30 per month as part of its ‘Tesla Electric’ energy retailing business. Late last year, after gaining experience through its virtual power plants (VPPs), Tesla took things a step further with the launch of “Tesla Electric.” Instead of reacting to
Tesla will create a permanent magnet electric vehicle motor with zero rare earth elements in it, the company announced at its Investor Day today. Rare earth elements are a bone of contention in EV supply chains, as it can be hard to secure supplies of them, and a large majority of worldwide production is either