Car dealers throw cold water on electric vehicles versus gas options: ‘I wouldn’t feel safe’
Car dealers have said that they are not yet convinced that electric vehicles should be the only car in the house as the Biden administration pushes forward.
Tesla slashes price for Full Self-Driving software
Tesla announced that it will cut the price for its Full Self-Driving software by one-third from $12,000 to $8,000 as it looks to boost customer demand amid a difficult quarter.
Tesla announces price cut for certain models
Elon Musk's Tesla announced price cuts for its Model Y, Model X and Model S vehicles on Friday following a disappointing deliveries report showed quarterly deliveries down.
GMC 2024 Sierra EV Denali rolling out with 440-mile range and 'CrabWalk' feature
GMC's new 2024 Sierra EV Denali 1 will be available this summer with a longer range than previously projected and the automaker's "CrabWalk" diagonal driving feature.
Tesla to lay off more than 10% of workforce
Tesla, the world's most valuable automaker, will lay off about 10% of its global workforce, a move that will affect about 15,000 workers.
Hybrid vehicle sales revving up as EV demand sputters
American consumers concerned about emissions are opting for hybrid vehicles as a green alternative to all-electric, and the trend is expected to continue in 2024.
Appeals court clears the way for California to set its own zero emission standards
The U.S. Court of Appeals for the District of Columbia allowed the EPA's waiver for California's zero emissions standards for tailpipes and EV requirements to proceed.
Yellen says 'tough conversations' needed on China's overproduction
Treasury Secretary Yellen met with Chinese Premier Li Qiang on Sunday during her trip to China and raised concerns about China's overproduction of EVs and green tech.
Apple laying off 614 California workers after scrapping electric car project
Apple has informed California officials that it is laying off 614 workers in the state, months after it reportedly canceled its electric car project.
Elon Musk boosting pay of AI engineers to prevent poaching from OpenAI
Tesla CEO Elon Musk said the electric vehicle maker is raising the compensation of its artificial intelligence engineers due to OpenAI "aggressively recruiting" them.
Ford postpones rollout of some new EVs as demand wanes
Ford Motor Co. said it is delaying the production of two new electric vehicle models — an SUV and a pickup truck — as global demand for EVs continues to slow.
Tesla's weak first-quarter deliveries an 'unmitigated disaster' for Musk
Tesla's first-quarter delivery figures showed the first decline in nearly four years and fell well short of Wall Street's estimates with mounting competition from China playing a role.
Utilities experts speak on nation’s ability to accommodate wider EV adoption: ‘Doesn’t just happen magically’
Utilities experts speak with FOX Business about the nation's readiness to accommodate wider adoption of electric vehicles in the coming decade.
Buyers of Tesla’s Chinese rival EV may face monthslong wait for SU7
Chinese electronics maker Xiaomi is reportedly informing buyers of its new SU7 electric vehicle that they could face wait times of up to seven months.
Tesla's tough quarter has investors anxious
Tesla is expected to announce sluggish sales figures to cap a difficult first quarter of 2024, which has seen its stock slide nearly 30% amid tough competition with Chinese EV makers.
Tesla has new competition with a Chinese EV priced lower than Model 3
Tesla is getting some more electric vehicle competition in China with Xiaomi's release of the SU7 sedan this week, according to Barron's.
Tesla deliveries expected to slump on China competition, weak demand
Tesla is expected to release first-quarter delivery figures next week that show a sales slump due to increasing competition in China as well as lower demand due to high interest rates.
Tesla battery catches fire in Illinois, shutting down highway for nearly 3 hours: Report
Bethalto, Illinois fire crews responded to Route 255 on Sunday afternoon after a Tesla battery reportedly caught fire and posed potential issues with hazardous materials.
Tesla CEO Elon Musk visits Giga Berlin as production resumes following arson attack
Tesla CEO Elon Musk visited the electric vehicle maker's German factory near Berlin on Wednesday, where production has resumed after an arson attack knocked out power to the plant.
GM lost tax credits on 20,000 EVs due to battery sourcing requirements
GM said it built about 20,000 EVs this year that didn't qualify for federal EV tax credits due to battery sourcing requirements, but it has since reworked its battery sourcing.