Imagine a world where your car can drive itself, and you’re not just buying it for the ride. That's the future many investors see for Tesla, even if its electric vehicle (EV) business isn't exactly a smooth drive. Analysts at Stifel just bumped up their price target for Tesla by a whopping 43%, hitting $411. This is the highest target out of the 45 Wall Street analy...
Hyundai's U. S. division is hitting new heights, with sales records shattering left and right. What's their secret? A mix of smart tech investments, a wide range of powertrain options, and quick decision-making, all guided by their leadership. Hyundai's not just focusing on electric vehicles. They're also offering hybrids and plug-in hybrids, giving customers a smoo...
The world's top EV battery maker, CATL's Robin Zeng, has some doubts about Tesla's 4680 battery project. He thinks it might not live up to expectations. These special batteries, named after their size (46mm by 80mm), were supposed to be a game-changer. Tesla said they'd have five times the energy and cost less. They're already in some Tesla cars, like the Cybertruck....
General Motors (GM) recently let go of around 1, 000 employees as part of its cost-cutting strategy. The job cuts are aimed at reducing operational expenses and rethinking the company's priorities. Some employees were let go due to subpar performance, while others were affected by an internal reorganization. Most of the laid-off employees worked at GM's global techni...
Google Maps is launching some cool new features just in time for the holidays! One of the most exciting updates is the ability to report transit delays. Now, when you’re checking out a transit station on Google Maps, you’ll see a handy “Report delay” button. This lets you tell Google if there are any delays on specific lines. You’ll also get a yellow “Delays” card th...
Tesla’s stock rose sharply on Wednesday, with investors believing that the company and its CEO, Elon Musk, will benefit from Donald Trump's return to the White House. Under a Trump administration, Tesla might gain an edge over smaller competitors if subsidies for electric vehicles (EVs) decrease. Trump’s plans to impose high tariffs on Chinese imports could also dela...
In a surprising turn of events, Chinese electric vehicle (EV) giant BYD has outshone Tesla in quarterly revenue for the first time. BYD's net profit soared by 11. 5% to $1. 63 billion in the third quarter, with total revenue hitting $28. 24 billion, a 24% jump from the same period last year. This impressive growth was fueled by government incentives that encouraged t...
Ford is sending out a new adapter today, allowing Ford electric vehicle owners to charge up at Tesla Supercharger stations. This new model is a replacement for the previous adapter that had some issues. Ford teamed up with Lectron, a big name in EV chargers, to create this new adapter. Earlier this year, Ford drivers got access to Tesla's charging network, but their ...
Polestar EV owners in North America have exciting news. The company has announced that their cars can now use the Tesla Supercharger network across the US and Canada. Starting today, owners can purchase an adapter from any Polestar Service Point to make this happen. This $230 adapter will be delivered in mid-November, just in time for holiday road trips. Polestar's ...
The 2024 presidential election has put a bright spotlight on Michigan's automotive industry. With the state being a crucial swing state and home to 1. 1 million automotive jobs, both Vice President Kamala Harris and former President Donald Trump have made frequent appearances there to win voters' favor. The automotive industry is closely watching the election due to ...