Tesla’s cheapest vehicle is losing half its tax credit next year

Tesla’s lowest-priced vehicle, the rear-wheel-drive Model 3, won’t be eligible for the full $7,500 federal tax credit as of next year.  Tesla started warning buyers (and window-shoppers) on Monday that the Inflation Reduction Act credit for its cheapest Model 3, as well as the long-ra

More layoffs come for micromobility, Cruise cuts loom and what the Cybertruck signals for Elon

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EV startup Fisker cut its 2023 production target for the fourth time

Fisker, the California-based EV startup, cut its annual production guidance in an effort to free up $300 million in working capital, the company said in a business update Friday. Fisker said it expects to produce about 10,000 vehicles this year. The decision comes less than a month since Fisker cu

What’s up with Tesla’s Cybertruck? Everything to know about the much-hyped electric pickup

After four years, the long-awaited launch of the Tesla Cybertruck electric pickup has come and gone. The boxy vehicle is Tesla's first new model since 2020, when it started delivering the Model Y. Yet, Cybertruck’s initial debut predates that moment; Tesla CEO Elon Musk showed off an earl

Tesla Cybertruck delivery event: Everything Elon revealed about the EV pickup

With dubstep as the soundtrack and neon lighting as the backdrop, Elon Musk handed the first Cybertrucks over to a select group of customers that included Reddit co-founder and VC fund Seven Seven Six founder Alexis Ohanian and Trousdale Ventures founder and CEO Phillip Sarofim. The livestreamed po

How the Tesla Cyberbeast compares to other high-priced electric pickups

After keeping some key specs close to its proverbial chest, Tesla is finally sharing more details about the final production versions of the Cybertruck electric pickup. Tesla published battery, speed and other stats during its delivery event on Thursday, during which the automaker went out of the w

Tesla’s cheapest Cybertruck won’t drop until 2025

Bad news: If you had your heart set on a sub-$40,000 Cybertruck, it ain’t coming next year, if ever. Though Tesla plans to ramp up production of its electric pickup in 2024, the company clarified today after its splashy delivery event that the cheapest Cybertruck variant will be available in

Innovation or folly? The Cybertruck will test whether anyone still trusts Tesla

The Tesla Cybertruck, the first of which will be delivered Thursday four years after its debut, is loved and loathed. For fans, it’s a symbol for what Tesla and its CEO Elon Musk stand for: creativity, irreverence, rebellion. Others see it as an act of hubris. It could be both. Either way, th

GM to slash spending at Cruise by ‘hundreds of millions of dollars’

GM Chair and CEO Mary Barra reiterated Wednesday plans for Cruise to be more “deliberate” when operations eventually resume at the troubled self-driving vehicle subsidiary. For GM, that will include slashing spending at Cruise “by hundreds of millions of dollars” in 2024, an

London’s iconic black cabs can soon be hailed on Uber

Uber has secured another win over the struggling taxi industry. Soon, riders in London will be able to hail an iconic black cab in the city. London cabbies can now start signing up for Uber trip referrals, but the service won’t roll out until early 2024. Uber says some drivers have already be

Polestar’s climate-tweeting bot isn’t actually a bot, for good reason

“When is a bot a person?,” my colleague Kirsten asked after I learned that Polestar’s climate bot is more human than machine. Polestar launched its “Truth Bot” on X (formerly Twitter) ahead of COP28, the UN climate conference overseen by an oil executive. The Truth Bo

Scooter startup Tier lays off 22% of workforce to reach profitability

German micromobility operator Tier Mobility is laying off another 22% of its workforce to cut costs in the never-ending grind toward profitability, according to a LinkedIn post from CEO Lawrence Leuschner. The hits keep coming for the micromobility giant, which sailed into 2022 on a high note. By M

Nvidia taps China talent for autonomous driving endeavors

Nvidia has long been involved in the development of autonomous vehicle technologies, providing the industry with graphic processing units that can perform millions of calculations simultaneously. Now the semiconductor powerhouse is stepping up its AV game by seeking a talent boost in China. The fir

Sweden sides with Tesla, says transport agency must deliver plates or pay up

Tesla won a small battle against Swedish union workers fighting for collective bargaining rights, but the war will continue. A Swedish court ruled Monday that the country’s transport authority has to get Tesla its license plates, which are being blocked by striking postal workers, or pay up,