News

Tesla increasing compensation for AI team: Elon Musk

Tesla CEO Elon Musk recently provided some insights behind the move of a Tesla engineer to xAI, his artificial intelligence…

Tesla Giga Berlin is producing cars for India 

Tesla Gigafactory Berlin is producing right-hand drive (RHD) cars for India. People close to the matter told Reuters that Gigia…

Nikola releases Q1 2024 delivery & production report

Nikola released its Q1 2024 delivery and production report, stating that the company had a productive first quarter.  “We are…

Tesla’s Elon Musk reiterates FSD licensing offer for other automakers

Tesla's Full Self-Driving (FSD) suite may attract a lot of skepticism from critics, but the fact remains that it is…

Tesla launches upgraded Model 3, more Model Y variants in South Korea

The upgraded Tesla Model 3, as well as the Model Y Long Range Dual Motor All Wheel Drive (AWD) and…

LG Energy Solution’s Arizona Battery Manufacturing Complex to start hiring by the end of 2024

LG Energy Solution (LGES) plans to start hiring workers for the Arizona battery manufacturing complex by the end of 2024. …

Rivian celebrates 100,000-vehicle milestone

Rivian recently achieved something remarkable at its Normal, IL plant. As per CEO RJ Scaringe, Rivian successfully hit its 100,000-vehicle…

Tesla becomes South Korea’s second-largest importer, beating Mercedes-Benz

Industry data has revealed that Tesla successfully overtook Mercedes-Benz to become South Korea’s second-largest vehicle importer in March 2024. That’s…

Tesla China promotes Model 3/Y’s affordability with new incentive program

Tesla China is starting the second quarter with new incentives for customers in the form of limited-time finance policies such…

Tesla Model Y is Sweden’s most registered car in March 2024

Tesla Sweden may still be seeing challenges due to trade union IF Metall’s strike, but the electric vehicle maker is…

China-owned SAIC to slash jobs at GM & VW ventures [Rumor]

China-owned SAIC plans to cut thousands of jobs from its joint ventures with General Motors (GM) and Volkswagen.  According to…

Tesla Q1 2024 earnings call set on April 23, 2024

American electric vehicle maker Tesla has announced that it would post its financial results for the first quarter of 2024…

Hyundai US EV sales jump 62% year-over-year

Hyundai Motor of America's EV sales for the first quarter jumped 62% year-over-year compared to Q1 2023. According to the…

Xiaomi aims to increase SU7 production to meet demand

Xiaomi aims to increase SU7 production to meet demand. According to local media reports, the Chinese company is asking its…

RBC Capital values Tesla FSD above its car business

RBC Capital values Tesla's progress in autonomy—or Full Self-Driving (FSD)—above the company's car business. RBC Capital believes that Tesla's one-month…

Tesla executive says Autopark will get faster in future releases

Tesla recently debuted an improved version of its Autopark feature, and while many have been having fun with it since…

Rivian R1T safety score boosted in IIHS pickup category

Rivian's R1T electric pickup has earned the top safety score from the Insurance Institute for Highway Safety (IIHS), boosting the…

Fatal traffic incidents dropped in the U.S. in 2023: NHTSA

Fatal traffic incidents dropped in the U.S. last year, according to a U.S. safety regulator who reported initial 2023 estimates…

Canoo responds to report of ‘disappointing’ 2024 revenue forecast

Canoo has responded to media reports following its Q4 and 2023 financial results released this week, after one outlet said…

Tesla outsold BYD in Q1 to regain world’s largest EV seller title

Tesla has once again outpaced Chinese automotive giant BYD in quarterly sales, after China's largest electric vehicle (EV) maker briefly…