Tag: featured
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Elon Musk is about 30% through his Tesla stock sale
Tesla (NASDAQ: TSLA) CEO Elon Musk is about 30% through his sale of the automaker’s stock. A new filing with the SEC on Friday morning confirmed Musk sold another $683.7 million of Tesla shares, bringing the grand total thus far to 5.2 million unloaded shares for the Tesla CEO this week. Musk started selling Tesla…
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Tesla’s Elon Musk wishes Rivian well after IPO: “I hope they’re able to achieve high production”
Tesla CEO Elon Musk wished Rivian the best recently. Musk also gave his input into Rivian’s tough road ahead, despite its recent achievements. “I hope they’re able to achieve high production & breakeven cash flow. That is the true test,” Elon Musk said about Rivian. I hope they’re able to achieve high production & breakeven…
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Tesla finally adds Waypoints, a long-requested feature promised over a year ago
Tesla has added Waypoints to improve the in-car navigation experience with Software Update 2021.40.5. Waypoints have been long requested by many Tesla owners, and the automaker has finally come through after Elon Musk confirmed they would be added in September 2020. Tesla does not refer to them as “Waypoints,” however. Instead, the 2021.40.5 Software Update…
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Rivian revs up for $65bn valuation in IPO
The Jeff Bezos-backed electric carmaker Rivian is aiming for a market value of $65bn (£48bn) when shares start trading in New York, in one of the biggest-ever stock market floats. Rivian announced late on Tuesday that its shares would start trading at $78 each, significantly above the $52 a share lower end of the range…
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Tesla China VP hopes to release $25k electric car in the “near future”
In a recent interview with Chinese publication The Paper, Tesla China VP Grace Tao revealed that the company’s vehicle production operations in the country are nearly 100% localized. Tao also remarked that she is hoping that vehicles that are independently designed and manufactured by the Tesla China team will be on the roads in the near…
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GM’s Cadillac set to eliminate 40% of dealerships in $274M restructuring project
General Motors’ Cadillac brand is set to eliminate around 40% of its U.S. dealerships and roll out a new electric SUV, hoping to ease into a more-committed adoption of electric vehicles. GM is one of the largest automotive brands globally and has been involved in the development of electric vehicles for several years, thanks to…
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Indian State of Delhi scraps electric vehicle subsidies
The Indian State of Delhi has decided to do away with electric vehicle subsidies, incentivizing drivers to purchase EVs. New reports from various Indian media outlets have stated that the country’s electric vehicle policy has been revised with the intention of withdrawing EV subsidy programs that offer rebates when EVs are purchased. The move is somewhat…
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Teslas are worth longer term auto loans, study finds
Car buyers who ultimately end up purchasing Tesla electric vehicles end up having the longest average auto term loans, a new study from LendingTree says. LendingTree surveyed over 29,000 auto loans spanning over three years to conclude that Tesla drivers are applying and receiving the longest term loans. On average, Tesla drivers have an auto…
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Why new EV incentives are the nail in the coffin for ICE manufacturers
The newly-revised electric vehicle incentive program, which is a part of President Biden’s Build Back Better plan, could officially spell the end of the combustion engine era in the American automotive industry. The new EV tax credit breakdown could award as much as $12,500 for an EV purchase, but that’s not the best part. As…
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Tesla’s cloud-synced driver profiles to bring custom settings across multiple cars
Hints of Tesla’s cloud-synced driver profiles were sprinkled in the code of its latest over-the-air update, version 2021.40. A new feature labeled “Cloud Profiles” was spotted Under Driver Profiles. It gave drivers the option to “Enable Vehicle Sync.” According to Notes Tesla App, Cloud Profiles isn’t quite ready yet. However, the UI of Cloud Profiles in Tesla’s…