Entertainment

Tesla (TSLA) is turning to deep discounts on new vehicles early in a new quarter as inventory is piling up. Earlier this week, Tesla reported its Q1 delivery and production results, and it delivered far fewer vehicles than anyone expected. The automaker added over 46,000 vehicles to its global inventory. Generally, the automaker introduces incentives and

South Korean automaker Kia has started production on its all-electric EV5 SUV for export in China, with the first markets targeted being Thailand and Australia, with Australia’s price expected to undercut Tesla’s Model Y. A global launch is set for next year, but will that include the US? While the compact EV5 starts in China

Listen to a recap of the top stories of the day from Electrek. Quick Charge is now available on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee

Elon Musk’s xAI, an artificial intelligence startup, has poached yet another engineer from Tesla in a clear conflict of interest. Last year, Musk launched a new AI startup, xAI, and it has been a controversial endeavor – primarily because he has himself described Tesla as “an AI company”. A few years prior, Musk had left OpenAI

Photo: @teslacharging/X The State of Maine just opened its first National Electric Vehicle Infrastructure (NEVI) Formula Program-funded EV charging station – a Tesla Supercharger with CCS compatibility. The federally funded Tesla Supercharger debuted yesterday at a shopping center in Rockland, southeast of Augusta, in Midcoast Maine. The Supercharger is part of Recharge Maine, the state’s

Ford is starting 2024 off strong with EV sales up 86% through the first three months. The growth was enough for Ford to place second in the US EV market behind only Tesla. Ford’s sales surge comes after slashing prices earlier this year. Ford takes second behind Tesla in the US EV market. Ford announced

Tesla is launching 0% interest loans for a limited time in China as a new incentive amid the automaker losing market shares in the critical market. Just as end-of-quarter incentives ended, Tesla is already bringing new incentives in place in its most important market: China. China is the world’s biggest auto market and EV market.

Listen to a recap of the top stories of the day from Electrek. Quick Charge is now available on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee

Photo: Subaru Subaru just announced that it’s leasing its 2023 Solterra Premium for zero down, $241 per month for 36 months, plus tax and license. That’s a $158 reduction from the $399 per month deal that Subaru has been running on the 2023 Solterra since last year, making it one of the least expensive passenger

Tesla has officially regained the BEV global volume leader crown from BYD in the first quarter despite a tough one. Could it point to issues in the Chinese EV market? Tesla has always been a pure electric, battery-electric (BEV), vehicle manufacturer, while most other automakers, including BYD, have dabbled with hybrids, plug-in or others. BYD’s

Hyundai’s IONIQ 5 just set a new March and Q1 sales record as EV sales climbed 100% last month. The company had its best-ever first quarter and March sales as demand for its EVs remains high. Hyundai IONIQ 5 EV sets new March, Q1 US sales record Hyundai continues building momentum in the US with

Tesla has released its Q1 2024 delivery and production numbers: confirming the suspicion that it is not growing anymore. It’s even worse than most people anticipated. Tesla Q1 2024 Expectations As we have been reporting in the last few weeks, the expectations for Tesla’s Q1 2024 deliveries are all over the place. Last month, the

Source: Xiaomi Weibo account Chinese smartphone giant Xiaomi seems to have hit the ball out of the park with the launch of its debut EV, the SU7, last week. The launch has pushed its market value up by $4 million, with the company now nearing valuations higher than GM and Ford. Reuters reports this morning

Believe it or not, there’s nothing new about major automakers and motorcycle companies trying and failing to build and sell electric bicycles. Despite millions upon millions of e-bikes being produced and sold each year by bicycle companies, automotive companies have spent decades failing to convert their design and manufacturing experience into e-bike success. It might

Listen to a recap of the top stories of the day from Electrek. Quick Charge is now available on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee

Ahead of its motorsport-centric N Festival in Korea later this month, Hyundai Motor Company has unveiled a new enhanced variant of its IONIQ 5 N performance EV. The IONIQ 5 N eN1 is a new electric race car designed and improved by Hyundai for professional drivers only. Don’t worry; it still has the fighter jet

Tesla becomes Austin’s largest private employer as the headcount at Gigafactory Texas surges to a ridiculously high level. The automaker is a fan of large manufacturing projects. Most of its facilities are referred to as “gigafactories” because they produce batteries, vehicles, or power electronics in volumes calculated by the “gigawatt-hour. And those facilities employ an

Photo: Dominion Energy Virginia Virginia has approved over a dozen new solar projects that will significantly boost Dominion Energy’s clean energy capacity. On Friday, the Virginia State Corporation Commission (SCC), the state’s regulatory agency, approved 17 solar farms capable of generating 764 megawatts (MW) of clean power for Dominion Energy Virginia, the state’s largest utility.

A Tesla engineer has given a rare update on the Tesla Semi electric truck program amid new EPA rules that should give it a boost. Tesla Semi is currently only in low-volume production at a facility outside Gigafactory Nevada. In January 2023,  Tesla announced a massive expansion of Gigafactory Nevada to add production of Tesla Semi

Ford is moving inventory after slashing prices by up to $8,100 on its best-selling electric SUV, the Mustang Mach-E, last month. A recent Cloud Theory report reveals that the price cuts are working as buyers look for more affordable EVs. Good news: Ford Mustang Mach-E price cuts are working Ford cut Mustang Mach-E prices by