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...
The plan, disclosed in a regulatory filing, comes after the carmaker announced a surprisingly sharp quarterly loss.
Although the gigantic new twin-kidney grille might be the most eye-catching addition to BMW’s flagship luxury sedan, the 7-Series, the model in the lineup that’s gone through the most change might well be the one with a charge port: the 745e xDrive plug-in hybrid. The 2020 BMW 745e xDrive iPerformance can go 16 all-electric miles...
As Washington waffles on developing a Green New Deal—or works to torpedo it altogether—LA's environmentalist mayor, Eric Garcetti, signed off on a local Green New Deal for the city on Monday. “Politicians don’t need to look across the aisle to find the answers—they need to look across the country,” he said, in...
GM CEO Mary Barra confirmed that the company is developing an all-electric pickup. Audi is offering significant incentives right out of the gate on its new 2019 E-tron electric SUV. Our editor emeritus debunks some pervasive electric-car myths. Tesla faces a new lawsuit over last year's fatal Autopilot crash in California. And the results of our...
The family of a driver killed in the crash of a Tesla Model X driving on Autopilot filed a lawsuit April 26 against Tesla over the crash, Bloomberg reported. Software engineer Walter Huang, 38, was killed March 23, 2018, when his 2017 Model X drifted out of the left lane of Highway 101 in Mountain View, California and struck a concrete median...
Ah, yes, forwarded emails with subject lines like, “The real story behind …” or “Things you haven’t been told about ….” They can contain much misinformation, and their “facts” can spread at digital speeds. We recently got one from an Australian acquaintance, who helpfully sent it to 70 or so...
At Green Car Reports, we've developed something of a tradition for Earth Day. Back in 2014, we formulated the question: "When will we start to see tailpipes on cars as morally wrong?" The question came originally from a friend who works in advocacy in public health, who likened CO2 emissions from tailpipes to smoking cigarettes, which has now been...
Just as the 2019 E-tron SUV starts arriving at dealerships, Audi is already offering big discounts on them. The biggest incentive so far is 1.9 percent financing on the E-tron for up to 66 months, which is significantly cheaper than most other models in Audi's lineup, according to our partners at CarsDirect.com. The similar-sized, gas-powered Q5...
General Motors CEO Mary Barra confirmed Tuesday in a call with investors what rumors had long predicted: The automaker will build an electric pickup. Barra didn't specify when the pickup would appear, or whether it would be branded as a GMC or Chevrolet. Rumors swirled earlier this year that GM may invest in EV startup Rivian, but that never...