The company benefited from a surge in U.S. demand for electric vehicles after Republicans in Congress voted to end a $7,500 incentive at the end of September. But other carmakers benefited more.
Category: Electric and Hybrid Vehicles
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Electric Vehicles Face a ‘Pretty Dreadful Year’ in the U.S.
The end of a federal tax credit is expected to push sales of battery-powered cars down but auto experts believe the market will eventually recover.
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Volvo to Expand Car Production in South Carolina
The Swedish automaker will produce a hybrid model in the state, an effort to meet demand for gas-powered cars and to avoid steep tariffs on imported vehicles.
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Tesla’s 2021 Model Y Doors Could Trap Riders, US Safety Agency Says
The agency is investigating reports that electronic doors on one model couldn’t be opened from outside, trapping children or others inside.
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Ford to Cut 1,000 Jobs in Germany as E.V. Sales Slow
The automaker said the reductions at its factory in Cologne come on top of 4,000 job cuts across Europe that were announced last year.
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California’s High Gas Prices Could Climb Further as Refineries Close
The state has led the country in adopting electric cars and reducing gas use, but it now faces much higher gas prices as oil companies plan to shut down refineries.
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Elon Musk Buys $1 Billion in Tesla Stock as Board Defends His Pay
Tesla’s chief executive bought the stock after the company’s board proposed paying him nearly $1 trillion if he achieves certain performance goals.
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Used E.V. Sales Take Off as Prices Plummet
Electric vehicles on the used market often cost less than comparable gasoline models, making the technology affordable to many more buyers.
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Used E.V. Sales Take Off as Prices Plummet
Electric vehicles on the used market often cost less than comparable gasoline models, making the technology affordable to many more buyers.
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Tesla Board Chair Defend’s Elon Musk’s Humongous Pay Proposal
Robyn Denholm, normally media shy, is campaigning to get shareholders to back the chief executive’s trillion-dollar compensation package.
