Tesla raising cash after sluggish start to 2019, and Elon Musk is buying big

Tesla CEO Elon Musk on Tesla announced Thursday that the company would offer $650 million in stock and $1.35 billion in bonds in a bid to boost the automaker's coffers after disappointing first quarter results. CEO Elon Musk said he would buy $10 million of the company's shares in an effort to boost confidence among investors in the flagging automaker. Stock in Tesla...

Justice Department investigating Ford emissions certifications

2017 Ford GT originally commissioned by John Cena - Image via Mecum AuctionsSome 2017 and newer Ford vehicles may have illegally polluted more than the company claimed during emissions certifications, and the company admitted Friday that criminal investigators were looking into the matter. The disclosure that the U.S. Department of Justice began investigating the Ford vehicles in February was made during the company's...

Report: Panasonic pumps brakes on Tesla Gigafactory expansion plans

Tour of Tesla battery gigafactory for invited owners, Reno, Nevada, July 2016Battery-giant Panasonic put a damper its planned investment of hundreds of millions of dollars to expand Tesla's Gigafactory site in Nevada, raising concerns that slowing investment could slow the pace of progress for EVs. Media reports indicated that Panasonic was reportedly considering investments of up to $1.3 billion for battery production to...

Infiniti Qs Inspiration is the automaker’s idea for an EV sport sedan

Infiniti Qs Inspiration conceptInfiniti is on the back foot for electrified powertrains today. The luxury automaker quietly shelved its hybrid powertrains in the past few years in the buildup toward an all-electric lineup sometime in the next few years. On Wednesday, ahead of the 2019 Shanghai auto show, the Infiniti Qs Inspiration concept sedan gave us a glimpse of what may be...

2019 Hyundai Kona Electric costs $500 more than it did last month

2019 Hyundai Kona ElectricMarket adjustments are nothing new, and electric cars are hardly immune to price bumps—up or down. Last month, the 258-mile 2019 Hyundai Kona Electric crossover quietly became $500 dearer to interested EV shoppers without any equipment changes. The automaker hiked the starting price for a 2019 Kona Electric SEL to $37,995, up from $37,495...

Recalls of older cars for excess emissions may get more sunlight this year

2012 Jeep CompassEarlier this month, the EPA announced a voluntary recall by Fiat Chrysler Automobiles of nearly 900,000 older vehicles for excessive emissions. The announcement may have raised eyebrows and prompted a few wagging fingers, but it was hardly new; last year automakers recalled more than 5 million vehicles in 85 separate recalls. Now, officials from...

226-mile 2019 Nissan Leaf Plus costs $37,445 to start

2019 Nissan LeafWhen it arrives in dealers this month, the longer-range 2019 Nissan Leaf S Plus will cost $37,445, including destination, the automaker said Friday. That's in line with what we expected from documents leaked earlier this year, and drives the net price of the compact hatchback close to $30,000, if federal rebates are maxed. The Leaf S Plus is...

Tesla Model 3 vs. Polestar 2: How the two electric cars compare

Tesla Model 3 vs. Polestar 2 Among electric car rivalries, traditional roles can sometimes be upended. That's the case for the firebrand Tesla Model 3, which plays an unfamiliar role as established rival against Volvo's electric-car upstart, the Polestar 2. The Tesla Model 3 has been on sale in the U.S. since 2017, and the Polestar 2 won't arrive in the U.S. until summer...

Tesla turned profit at the end of 2018; Model Y coming by end of 2020

2019 Tesla Model 3 PerformanceTesla recorded a $139 million profit for the last quarter of 2018, smaller than the $311 million quarterly profit before it, but ended 2018 down nearly $1 billion, the automaker told investors Wednesday. "Last year was the most challenging year in Tesla history, but also the most successful," Tesla CEO Elon Musk said. Revenues for 2018 nearly...