Tesla Bulls Take Heart From Strong Profits
Shares in the electric carmaker continued to rally after the company reported strong profits, even amid growing competition and economic pressures.
Tesla’s Nevada Gigafactory expansion: Batteries for 1.5M EVs annually
Tesla has confirmed a $3.6 billion expansion of its Nevada battery "Gigafactory" that the company claims will supply over one million EVs annually. The investment will add 3,000 new jobs and two new factories at the Sparks, Nevada, site, Tesla said in what reads as a press release—with a few more details confirmed as part of Tesla's... Tesla’s Profit Jumped 12% in Fourth Quarter
The electric car company is facing intensifying competition, supply chain disruptions and concerns about the behavior of Elon Musk.
Honda Civic Hybrid, Lucid in Formula E, Uber needs an EV: Today’s Car News
Formula E is running with Lucid motors. Uber is looking for a spacious, lower-performance EV for ride-hailing. And the Civic Hybrid is next in Honda’s shift to about half hybrids. This and more, here at Green Car Reports. Honda has confirmed that the Civic Hybrid is due as a sedan and hatchback in 2024—and to be competitive, look for... Report: Uber working on EVs for ride-hailing, deliveries
Uber is working with unnamed automakers to design EVs customized for its ride-hailing and delivery services, according to The Wall Street Journal. Uber CEO Dara Khosrowshahi confirmed the project last week at an event hosted by the paper, but declined to say which automakers the company was working with. Ride-hailing could have seats that allow... 2024 Honda Civic Hybrid due as sedan and hatchback, but no PHEV
As part of a business update focusing on the U.S., Honda has confirmed that hybrid versions of its Civic compact car family will be arriving in the U.S. in calendar year 2024—potentially earmarking it for the 2024 model year. The U.S. Civic Hybrid, which was confirmed with the discontinuation of the Insight hybrid sedan back in April, but... Climate Change May Bring New Era of Trade Wars, as E.U. and U.S. Spar
Countries are pursuing new solutions to try to mitigate climate change. More trade fights are likely to come hand in hand.
Lucid motors are already helping energize Formula E racing
California’s Lucid Motors on Wednesday confirmed that it’s supplying the standard front drive unit for “the world’s leading single-seater electric racing series.” Yes, that’s Formula E for the rest of us. And it’s an exciting tie-in to a production EV, as details continue to trickle out on sourcing of... Tesla Will Build Heavy Trucks at a New Factory in Nevada
The $3.6 billion investment, which also includes a new battery factory, presents a challenge to traditional truck makers that have been slow to sell electric vehicles.
Elon Musk Said Tesla Buyout Plan Didn’t Involve ‘a Specific Number’
Under questioning, Mr. Musk said he hadn’t discussed how much money investors would put in to help him take his car company private.
2024 Polestar 2 refresh, Ford magnetic charge connector, wind and solar: Today’s Car News
Ford might be considering a new charging connector. The shift to wind and solar is making EVs cleaner, fast. And Polestar switches to rear-wheel drive. This and more, here at Green Car Reports. Polestar is seeking a 300-mile range for its Polestar 2, as part of a switch of its single-motor model to rear-wheel drive. There are various other... 2024 Polestar 2 EV switches to rear-drive, seeks 300-mile range
Polestar has announced a comprehensive drive-system refresh for its Polestar 2 hatchback that boosts range and efficiency. It includes new motors, a slightly larger battery pack for some versions and, probably to put it best, a change in priorities. Amid a comprehensive refresh for its drive system, Polestar is switching its single-motor models... Ford patents magnetic charging connector: MagSafe for EVs?
Ford has filed a patent application for a new type of EV charging connector based on a magnetic coupling. In the application, which was filed with the United States Patent and Trademark Office (USPTO) November 1, 2022, Ford describes using magnetic attraction to secure a charging connector with a charge port embedded in a vehicle's bumper. It... US shift toward wind and solar will cut coal, make EVs cleaner
Increased use of renewable energy will help reduce electricity generation from coal and natural gas power plants, according to the U.S. Energy Information Administration (EIA) in turn making EVs cleaner. The EIA forecasts that wind and solar will together account for 16% of total electricity generation in 2023, up from 14% in 2022 and 8% in 2018... Elon Musk Says Saudi Fund Wanted to Take Tesla Private
Mr. Musk is testifying in a lawsuit filed by investors who claim that his statements about a plan to take Tesla private in 2018 caused them to lose billions of dollars.
Aptera details, Lightyear 0, Tesla heat pump, luxury EV leases: Today’s Car News
Lucid offers one of many expected luxury EV leases tapping into federal money. Aptera details the first of its three-wheeled solar EVs due to have up to a 1,000-mile range. Tesla claims its heat pump is better. And Lightyear bails on its solar-car starting line and skips to the future. This and more, here at Green Car Reports. The Aptera Launch... Lightyear 0 solar EV nixed, as company pivots to Lightyear 2
Netherlands-based Lightyear on Monday announced that it is halting production of the Lightyear 0 solar EV, which it has claimed to be the first production solar car in the world, and instead aiming toward the production of its mass-market, $40,000 Lightyear 2 solar EV due in 2025. “In order to safeguard our vision, we had to decide to... Tesla heat pump detailed, gives a boost to winter EV range
Tesla last week outlined some of the details that distinguish its heat pump system that’s now included throughout its vehicle lineup. The electric vehicle maker claims that its design performs well in very cold weather, where other heat pumps fall short. Depending on the exact situation, Tesla claims, its cars might be using as little as a... Luxury EV leases are already tapping into $7,500 EV tax credit
New federal EV tax credit rules have set price caps that are narrowing the field of qualifying EVs; but a leasing loophole is already opening up a much wider field eligible for federal subsidies The Inflation Reduction Act (IRA) re-upped the federal EV tax credit of up to $7,500 for qualifying vehicles. It added price caps of $55,000 for cars and... Aptera solar EV Launch Edition: 400-mile range, no Supercharging yet
Aptera on Friday detailed the Launch Edition configuration of its 3-wheeled EV, which the company hopes to begin producing by the end of 2023. The company claims now to have over 40,000 reservations for the vehicle, the first 5,000 of which will be Launch Edition models. While Aptera has shown multiple powertrain and range options, Launch Edition...