Transportation

Tesla reported Wednesday net income of $2.7 billion in the second quarter, up 20% from the same period last year as once again, the company's EV price cuts dug into profits. The automaker has repeatedly reduced the cost of its four EV models in the United States, Mexico, Europe and China. The m

Tesla’s solar installations are still slipping, the company told investors on Wednesday. The automaker reported 66 megawatts’ worth of solar deployments during its second quarter of 2023, representing a 1 MW decline from the first quarter and a 40 MW decline from the second quarter of

A former administrator of the National Highway Traffic Safety Administration (NHTSA) has responded to a full-page ad taken out in several major newspapers by Cruise, General Motors’ self-driving subsidiary, that calls humans terrible drivers. The ad points to the nearly 43,000 crash fatalitie

Tesla will announce its second-quarter earnings Wednesday after the bell. Investors will be listening out for more details on the much-delayed Cybertruck, as well as how Tesla's many price cuts have affected automotive gross margins.  Wall Street estimates predict Tesla will bring in around $2

Tesla’s directors will return $735 million to the company to settle claims from shareholders that they excessively overpaid themselves, according to a Monday court filing. The settlement concludes a 2020 lawsuit from a retirement fund that holds Tesla stock. The Police and Fire Retirement Sys

The Ford F-150 Lightning is now a bit less expensive. The automaker announced today significant price cuts to its electric pickup, citing improved manufacturing efficiencies as the cause of the lower price. The Lightning price cuts hit every trim level. The entry-level Pro work truck is now priced

Tesla over the weekend said its first much anticipated Cybertruck came off the electric vehicle maker’s production line in Texas. The debut of the long-delayed, futuristic-looking pickup truck comes in the lead up to Tesla’s second-quarter 2023 earnings call. Tesla CEO Elon Musk first i

Since struggling e-bike startup VanMoof confirmed it had gone into the Dutch version of administration, there has been a question hanging over the VanMoof bikes out there in the wild. These bikes relied heavily on a connected smartphone app made by the company. The app controlled a number of import

Ford is on a quest to ensure that its drivers keep their hands off the wheel for as long as possible. Drivers who own BlueCruise-equipped cars, anyway. Today, the company is announcing BlueCruise 1.3, dropping just a few months after the 1.2 release, which added niceties like automatic lane changes

Autonomous vehicle companies Cruise and Waymo have separately pushed a narrative this week that humans are bad drivers and that their technologies are crucial to making roads safer. The moves — full-page ads in major newspapers from Cruise and a blog post from Waymo — come as California regulat

Tesla said the $7,500 federal tax credits for its Model 3 and Model Y electric vehicles are likely to be reduced after December 31, according to a change on the automaker’s website late Tuesday. “Customers who take delivery of a qualified new Tesla and meet all federal requirements are

South Korean automaker Kia said Wednesday it plans to invest over $200 million in its assembly plant in Georgia, where it will begin production of the electric EV9 SUV next year. The news comes as foreign automakers double down on North American production in order to qualify for federal EV tax cre

Lucid’s future was already cloudy, but lately the EV startup’s name is practically a misnomer.  On Wednesday, Lucid told investors that it delivered 1,404 of its Air sedans during the second quarter, missing Wall Street analysts’ expectations by nearly 600 vehicle deliveries. Th

UPDATE: VanMoof has confirmed its application for a suspension of payment and the temporary shutdown of its physical stores. The startup said it would provide more updates shortly.  E-bike startup VanMoof has applied to a local court for an official suspension of payment provision after running ou