Latest Auto news

Tesla Car Sales Rise 36% in the First Quarter as Price Cuts Boost Demand

The huge demand for the Model 3 and Model Y SUV helped the EV maker report impressive sales numbers in the US and abroad in the first quarter.

Apr 3, 2023

By Jacob J

Elon musk

Tesla Cuts Prices of Model S and Model X Variants in the United States - Report

Last week, a Tesla Investor Day presentation had teased the arrival of cheaper Tesla cars.

Mar 6, 2023

By IBTimes APAC Desk

$25,000 Tesla Car in the Making? Elon Musk Lays Out Low Cost Future, $175 Billion Investment to Boost Production

Tesla chief financial officer Zach Kirkhorn said the plan is to invest a whopping $175 billion in order to increase car output to 20 million vehicles annually by 2030.

Mar 2, 2023

By Jacob J

Elon musk

What Are Sodium-ion Batteries? China's JAC Presents World's First EV Running on Cheaper Tech

Sodium-ion batteries use cheaper raw materials and can offer EV makers an alternative to existing technologies that rely on lithium and cobalt as the main ingredients.

Feb 24, 2023

By Jacob J

Ford Motor to Set Up $3.5 Billion Plant to Make Low-Cost EV Batteries Using Chinese Technology

The new facility will be a wholly owned subsidiary of Ford and it will start production in 2026. According to Ford the plant will create as many as 2,500 jobs.

Feb 14, 2023

By Jacob J

Tesla Earnings: Revenue Rises 51% to $81.5 Billion, Net Income Doubles as Sales Boom

Tesla said it delivered 405,278 vehicles to customers in the October-December quarter, and 1.3 million vehicles for the entire 2022.

Jan 26, 2023

By IANS

Elon musk

German Unions Threaten Europe-Wide Disruption as Ford Motor Says 3,200 People Will be Laid Off

The job cuts come at a time when Ford is facing stiff challenges in the electric vehicles segment, owing to rising costs for battery materials and increasing competition.

Jan 24, 2023

By Jacob J

US Firm ASKA Unveils World's First 4-Seater Flying Car at CES 2023

The car is powered by two sources of energy -- batteries and an engine. The six propellers, one on each wing, provide additional redundancy for safe landings.

Jan 7, 2023

By IANS

Rivian: Will Tesla's Closest Rival Put a Horrible Year Behind and Meet Production Goals in 2023?

Rivian, the newly minted electric car maker that is touted as the closest rival to Tesla reported that it sold more than 20,000 cars in 2022.

Jan 4, 2023

By Jacob J

Tesla on Upswing: 2022 Vehicle Deliveries Grow 40%, While Production Goes Up 47%

Investors fear that the China Covid situation and supply chain-related challenges will further impact Tesla sales.

Jan 3, 2023

By IANS

Elon musk

A Pragmatic Solution for Bikers in Regards to Theft (An exclusive bike lock design)

The EverLock consists of a seat, a crossbar that doubles as the actual seatpost and a U-shaped shackle that can easily slide into the two holes on the crossbar's backside.

Dec 14, 2022

By IBT Desk

Tesla Wins Case Against Chinese News Outlet for Publishing Fake News

Tesla faced a major smear campaign in China at the end of 2020.

Dec 1, 2022

By IANS

Elon musk

Tesla EVs Ranked Worst in Annual Reliability Survey by Consumer Reports

The report flagged a growing interest in hybrid vehicles, with 36% of prospective buyers considering one for their next car or truck purchase.

Nov 16, 2022

By Reuters

Elon musk

Tesla Shares Sink 5% as Q3 Revenue Falls Below Estimate; Musk Says Q4 Will be Extremely Good

The revenue was $18.69 billion in the third quarter, which was up 55 percent year-over-year.

Oct 20, 2022

By Jacob J

Elon musk

Volkswagen Aims at 75 Billion Euro Valuation for Porsche Ahead of Luxury Brand's Share Sale

VW said it will raise as much as 9.4 billion euro from the share sale, which will help pay for its shift to electric vehicles and spending on software development.

Sep 20, 2022

By IANS

1 2 3 4 5 6 7 8 9 10

GALLERY

Previous 1 of Next