Apple Scraps Electric Car Project
Apple Inc. is scrapping an ambitious, decade-long effort to develop an electric car with self-driving capabilities, according to reports on Tuesday. Project Titan Shutdown The project, known as Project Titan,…
A Shift in BEV Pricing Strategy
A recent update on the third-quarter data from Tesla and Toyota Motor reveals a potential flaw in Elon Musk's battery-electric-vehicle pricing strategy. The latest statistics show a significant change in…
ARK Innovation ETF Increases Stake in Tesla
Cathie Wood's highly regarded flagship ETF, ARK Innovation (ARKK), has taken a surprising turn by increasing its stake in Tesla Inc. (TSLA). On Wednesday, they acquired 93,965 shares of Tesla,…
Battery-Electric Vehicles Drive Strong Sales in 2023
Battery-electric vehicles (BEVs) have had an exceptional year, defying various challenges and recording impressive sales figures. In the fourth quarter of the year, Americans purchased 317,168 BEVs, marking a significant…
Challenges in Electric-Vehicle Sales
Electric-vehicle sales are reaching unprecedented levels in the United States and globally. However, while demand is soaring, other economic factors present significant challenges. In a recent report, Adam Jonas, a…
Tesla Stock Takes a Beating After Disappointing Earnings Report
Tesla Inc.’s stock (TSLA) experienced a significant decline of 12.1% following the release of yet another disappointing earnings report. The company reported a fourth-quarter profit and revenue miss, along with…
Delaware Court Voids Elon Musk’s Lucrative Pay Package
A recent ruling by a Delaware court has declared the pay package of Tesla CEO Elon Musk null and void. This package had granted Musk around 300 million options, contingent…
Tesla Stock Slides Amid UAW Strike and Plans for Battery Factory in India
Shares of Tesla Inc. have experienced a four-day losing streak as the anticipated support from the United Auto Workers (UAW) strike failed to materialize. Furthermore, recent reports suggest that the…
Tesla Q3 Unit Sales: Chaos and Uncertainty loom
Electric vehicle pioneer Tesla is set to release its third-quarter unit sales figures on Monday, and investors should prepare themselves for a potentially turbulent report. Wall Street estimates have been…
General Motors Reports Strong Quarter in the U.S.
General Motors (GM) has experienced a robust quarter in the U.S., surpassing Toyota Motor in growth. However, despite the positive news, the stock prices have declined due to investors' concerns…
Hilton Partners with Tesla to Install 20,000 Charging Stations
Hospitality giant Hilton Worldwide Holdings has recently announced a significant development in its partnership with Tesla. In a move that benefits not only Tesla but also all electric vehicle (EV)…
Tesla Cuts Prices in China
Tesla has once again slashed prices in China, signaling its determination to dominate the world's largest car market. The electric-vehicle giant reduced the price of its luxury sedan, the Model…