Tesla’s aggressive price cuts have led to a decline in its quarterly gross margin, reaching a more-than four-year low. However, the electric car manufacturer remains committed to its annual production target, indicating a strong demand. In the third quarter, Tesla’s revenue, profit, and gross margin fell short of analysts’ expectations. Nevertheless, the company has expressed …
European electric car sales growth is expected to decline due to rising insurance costs and expiring subsidies. Additionally, concerns over out-of-control MG EVs are causing potential buyers to hesitate. These issues are challenging some of the optimistic claims made about the electric car revolution. Experts predicted that prices would decrease rapidly, making battery electric vehicles …
The 2023 Audi RS e-tron GT is being offered this month with the segment’s most lucrative cash … [+] rebate. Audi USA Electric car sales are surging, as evidenced by the introduction of 15 new models to the market this year. However, increased competition in the industry has led to a decline in transaction prices. …
Elon Musk’s Tesla has made significant price cuts to its Model 3 compact sedan and the Model Y SUV in the United States, intensifying its ongoing price war. This move comes shortly after the company’s third-quarter deliveries fell short of market expectations. In an effort to achieve its annual goal of delivering 1.8 million vehicles, …
Former President Donald Trump delivered a speech criticizing the Biden administration’s electric vehicle (EV) mandate at non-union car parts manufacturer Drake Enterprises in Michigan, during the ongoing United Auto Workers strike. Trump denounced the mandate as a “government assassination of your jobs” and warned that future car production would be outsourced to China and other …
Shown above is the impressive head office of SK ecoplant located in South Korea. In an exciting development, SK ecoplant and Ascend Elements have collaborated to establish a state-of-the-art recycling facility for electric car batteries in the United States. Photo courtesy of SK ecoplant. Sept. 26 (UPI) — South Korea’s leading company, SK ecoplant, has …
On Sunday, just before heading to the United Nations, Israeli Prime Minister Benjamin Netanyahu made a visit to Elon Musk in San Francisco. This meeting, which was live-streamed, held significance for both men. Netanyahu wanted to show his voters that he had the attention of the world’s richest man, while Musk wanted to demonstrate that …
Introducing the Jeep Wrangler – a vehicle designed to venture beyond the boundaries of civilization. Its advertisements showcase its ability to conquer rugged terrain and overcome obstacles far away from the familiar highways. While EV chargers may be scarce in remote areas, even the iconic Jeep Wrangler recognizes the need to adapt to modern times. …
Tesla is secretly developing a groundbreaking manufacturing process that has the potential to revolutionize the industry. According to The Verge, insiders reveal that the electric vehicle (EV) giant is experimenting with a bold new technique that could enable them to produce the entire underbody of a vehicle as one single piece. This innovative method …
The average yearly premium for a full coverage policy jumped by 14% over the past year. getty As the pandemic becomes a distant memory, drivers in the United States are once again hitting the road and experiencing higher car insurance premiums. According to Quadrant Information Services, the average yearly premium for a full coverage policy …