Ultium Charge 360 is the automaker’s response to the fractured nature of EV charging in the US. General Motors announced a “holistic charging approach” to electric vehicle charging that it’s calling the Ultium Charge 360. Much like Ford does with its FordPass network, the Ultium Charge 360 will integrate GM’s own vehicle apps and software […]
Tesla posts $438 million Q1 profit on strong electric vehicle sales
Tesla said adjusted net income, excluding stock-based compensation, passed USD 1 billion for the first time in company history. Charged up by strong sales of its electric cars and SUVs, Tesla on Monday posted its seventh-straight profitable quarter. The company made USD 438 million in the three-month period that ended March 31, as sales more […]
Tesla to add EV components recycling facilities at Shanghai factory
China, the world’s biggest car market, sold over 1.3 million electric and plug-in hybrid vehicles last year. China’s regulators are adding rules on recycling of key EV components to save materials and protect the environment BEIJING: U.S. electric vehicle (EV) maker Tesla Inc plans to add facilities at its Shanghai factory to repair and reproduce […]
Tesla reports higher profits, says expansion on track
The electric car maker set production and delivery records in the quarter, with the auto industry upstart’s Model 3 becoming the best-selling premier sedan in the world, according to chief executive Elon Musk. New York: Tesla reported a jump in first-quarter profits Monday on surging electric vehicle sales, and the manufacturer said it was on […]
Tesla strengthens India team ahead of rolling electric cars
Now, it has ramped up hiring for top positions and has onboarded IIM Bangalore alumnus Manuj Khurana as Policy and Business Development head for India operations. NEW DELHI: As Tesla firms up its plans to roll out its first all-electric car in India this year, the Elon Musk-run company has hired top executives in the […]
Electric Car: Mercedes takes fight to Tesla
“We set the bar very high,” with this car, Daimler Chief Executive Ola Källenius told reporters. “Customers in this segment expect a blend of hi-tech innovation and modern luxury and that’s what we’re trying to achieve with the EQS.” Daimler AG on Thursday unveiled the electric “sibling” of its flagship Mercedes-Benz S-Class luxury sedan, taking […]
Good opportunity for Tesla to start manufacturing in India: Gadkari
New Delhi : Union Minister Nitin Gadkari on Thursday said American electric car major Tesla has a golden opportunity to set up its manufacturing facility in India given the country”s thrust on e-vehicles. Tesla is already sourcing various auto components from Indian automakers and setting up base here would be economically viable for it, Road […]
Electric-vehicle startup XPeng bets on the tech that Tesla rejects
One of three U.S.-listed Chinese EV makers, it is relying on innovation to overtake its rivals. Once a Tesla Inc. fan who owned four of its vehicles, He Xiaopeng, co-founder of Chinese electric-vehicle startup XPeng Inc., now wants to overtake the car company that originally inspired him. While acknowledging Tesla as an inspiration, Mr. He […]
Mercedes rolls out luxury electric car in duel with Tesla
The EQS is the first Mercedes-Benz vehicle to be built on a framework designed from the start as an electric car, rather than using components from an internal-combustion vehicle. FRANKFURT, Germany : Daimler AG on Thursday unveiled a battery-powered counterpart to its top Mercedes-Benz luxury sedan as German carmakers ramp up their challenge to electric […]
Tesla is hiking the prices on its solar roof tiles for existing customers by as much as 70%
Customers waiting on installations of Tesla’s Solar Roof received were told the price was rising. Electrek reported customers receiving the same email with massive price hikes this weekend. Some customers had signed contracts over a year ago. Customers for Tesla’s Solar Roof product are reporting they’ve suddenly been hit with massive price hikes. The Verge […]
