Tesla delivers: Tesla had a good quarter, despite the global chip shortage
That Tesla has announced its highest ever number of deliveries, up 73% on last year, is quite an impressive feat given the global shortage of computer chips. That shortage, and other supply chain issu...
Tesla: Musk's EV company just posted its biggest ever profit
Most investors in Tesla aren't probably expecting to see major profits at the company any time soon, instead investing in the hope that in 5, 10 or 15 years Tesla will be at the core of the electric v...
Electric Bugatti: VW Group is giving up control of Bugatti to an electric supercar maker
Electric supercar company Rimac is set to take control of Bugatti , the brand owned by Volkswagen Group that is most famous for producing the Bugatti Veyron and Chiron — both of which are reportedly c...
Ford's big bet: Ford is investing $30bn into electric vehicles, but just how big of an investment is that?
Ford, arguably one of the most iconic American companies of the last century, announced this week that it plans to invest $30bn into electric vehicles over the next 5 years. Ford is shooting for 40% o...
How does Tesla make its money?
Tesla reported its biggest ever quarterly profit this week, notching up "operating profit" of $594m for the three months to March 2021. We dug into the report, to see just how the Tesla economic machi...
Voltswagen: Volkswagen's PR stunt this week may have been a joke, but its EV strategy is not
Voltswagen No, we didn't come up with that one. Voltswagen was the actual new name (for about 24 hours) that automotive giant Volkswagen Group announced for their US subsidiary this week, in a bid to...
Tesla delivers: Tesla's delivery numbers are solid, but its valuation demands perfection — and more
Delivering on the hype? Another year, another set of delivery & production numbers from Tesla. The electric vehicle maker may have had a record year on the stock market — with its share price rising ...
The blank cheque boom: How 2020 has been the year of the SPAC
This week electric vehicle start-up Arrival announced a deal to become a public company — valuing the stealthy British company at a lofty $5.4bn. Like many other companies this year, Arrival isn't goi...
60% of Tesla’s shrinking profit effectively came from regulatory credits
Tesla’s latest quarterly profit shrank by nearly half from a year earlier, and regulatory credits revenues were equal to more than half the profit it did generate, the Wall Street Journal reported . T...
Porsche, GM, and Tesla confirm continued EV slowdown
A flurry of headlines this week confirms: the electric vehicle (EV) transition is decelerating. On Monday, Porsche poured cold water on its transition to EVs, saying in a statement that the “transitio...
Tesla claims employees at its Berlin factory have swiped tens of thousands of coffee mugs
A 12,000-employee Tesla factory southeast of Berlin is threatening to stop supplying cutlery in break rooms if employees' apparent rampant theft of coffee mugs doesn't stop. According to a German pape...
Tesla’s market share is down, but its valuation is still sky-high
The New York Times reported yesterday that Tesla’s share of the US electric car market fell below 50%: Tesla accounted for 49.7% of electric vehicles sales from April through June, down from 59.3% a y...
The moment Tesla lost its US dominance in one chart
Once pretty much the entire electric vehicle market in the US, Tesla now controls less than half of it for the first time ever , according to new data from Cox Automotive . While Tesla’s US sales decl...
For the first time, Tesla’s EV market share went below 50%
Tesla pretty much created the electric vehicle market in the US. Now it’s lost its majority position. For the first time, Tesla’s share of the US electric vehicle market fell below 50%, according to Q...
Tesla delivered more cars than it produced in Q2
Tesla released its second-quarter production numbers today, beating Wall Street’s expectations. The electric car company delivered 443,956 vehicles in Q2, or 33,125 more than it produced, helping to r...
Market wrap: EV stocks shine while construction stocks slump
The S&P 500 nudged up 0.3% and the tech-heavy Nasdaq 100 is up 0.7% with both indices propped up by tech and electric vehicle stocks. Meanwhile, the Russell 2000, which measures small caps, is down 0....
Tesla vehicles had more problems than last year
Typically, electric vehicles — likely owing in part to their new tech — have more problems than gas-powered cars. But while Tesla had performed better than the electric cars produced by traditional ma...
How much does it cost to insure a cybertruck and why is it so expensive?
The only thing more ridiculous than me driving a Cybertruck is how much it would cost me to insure one. I know, because I went around trying to get quotes. I tried contacting a number of car-insurance...
How will Ferrari’s high-profit margins fare with its new EV supercar?
The charging horse As arguably the most iconic luxury car company in the world, Ferrari’s foray into the world of electric supercars has been keenly anticipated. It’s also been highly secretive. But, ...
Fisker, electric vehicle start-up, files for bankruptcy protection
Electric-vehicle start-up Fisker filed for bankruptcy protection on Monday , roughly four years after it went public through a SPAC merger that raised roughly $1 billion . It wasn’t enough. The compan...