Analyst had to intervene to keep Tesla's Full Self-Driving mode from crashing
A financial analyst who tested Tesla's Full Self-Driving mode on the roads of suburban New York was forced to take control to avoid an accident and had to intervene on other occasions.
GM CEO Mary Barra on EV strategy as 2024 election heats up
GM CEO Mary Barra said she's comfortable with the automaker's EV strategy as the looming presidential election creates uncertainty about the next administration's view of EV regulations.
Tesla's quarterly results miss estimates after price cuts hit bottom line
Tesla's second quarter results missed analysts' estimates for its margin after the company's price-cutting push to stimulate demand had an impact on its bottom line.
GM, Ford may see profit hit amid cooling EV demand, US dealer software problems
GM and Ford may post smaller quarterly profits this week after slowing consumer demand for EVs and a cyberattack on a critical software system used by dealerships disrupted sales.
Porsche says EV transition is taking 'longer than we thought'
Luxury automaker Porsche said that the transition to electric vehicles is taking longer than expected after it previously set a goal for 80% of its sales to be all-electric by 2030.
Starbucks, Mercedes team up in EV charging network expansion
Mercedez-Benz High-Power Charging plans to install electric vehicle charging stations at 100 Starbucks locations in the U.S., starting at the Interstate 5 corridor.
Biden admin ramps EV spending in swing states as election nears
The Biden administration announced $1.7 billion in grants for EV projects and retooling auto manufacturing facilities in eight states, including several critical swing states.
Texas residents turn to Whataburger app to track power outages amid Hurricane Beryl devastation
Texas residents on social media say they are using the app from the fast food restaurant Whataburger to track where power is on and off following the devastation of Hurricane Beryl.
Fisker recalling 7,500 SUVs in US, citing issue with water pump
Over 7,500 of Fisker’s Ocean SUVs are being recalled in the U.S. The company is offering a free replacement water pump as a fix for the problem.
Biden wants to 'ram EVs down the throats' of Americans: Virginia AG Jason Miyares
Virginia Attorney General Jason Miyares addresses the 26 states suing the Biden administration over EV mandates on 'The Bottom Line.'
Tesla deliveries may disappoint...again
Elon Musk-led automaker Tesla is expected to announce that deliveries declined for the second consecutive quarter amid tough competition in China and U.S. consumers turning to hybrids.
Volkswagen to invest $5B in Rivian, form joint venture
Volkswagen and Rivian said Tuesday they will create a joint venture together, with the electric vehicle startup expected to receive up to $5 billion from the German automaker.
Nearly half of American EV owners want to switch back to gas-powered vehicle, McKinsey data shows
New findings from consulting firm McKinsey & Co. show a significant share of Americans who own electric vehicles have buyer's remorse. Nearly half want to switch back to gas.
Power blackout hits Montenegro, Bosnia, Albania and Croatia's Adriatic coast amid heat wave
Montenegro, Bosnia and most of Croatia's Adriatic coast experienced a power blackout during a heat wave due to a malfunction in an interconnector, officials say.
Ferrari's first EV to cost over $500K: report
Italian luxury automaker Ferrari is planning to make its first electric vehicle, which will come with a price tag that's more than $500,000, according to a report by Reuters.
EV maker files for bankruptcy after hemorrhaging cash
California-based electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection on Monday after burning through cash reserves on its Ocean SUV line in the U.S. and Canada.
Tesla shareholders vote to reinstate Musk's $56B pay package
Tesla shareholders voted to reinstate CEO Elon Musk's $56 billion pay package that had been voided by a Delaware judge and also approved the reincorporation of the company in Texas.
Musk says shareholders are backing his $56 billion pay package
Tesla CEO Elon Musk announced that shareholders are voting to approve his $56 billion pay package and the company's reincorporation in Texas from Delaware.
Tesla must face false advertising claims against Autopilot, California administrative judge rules
A California administrative judge has rejected Tesla's bid to dismiss a lawsuit brought by the state's top regulator accusing Tesla of false marketing of its Autopilot system.
World’s largest wealth fund to vote against Musk’s $56 billion Tesla pay package
Norway's $1.7 trillion sovereign wealth fund says it will vote against ratifying CEO Elon Musk's $56 billion pay package which is up for a shareholder vote next week.