Ford CEO Jim Farley has a question about President Donald Trump’s threatened tariffs on imports from Mexico, Canada, and China: Why stop there? Farley said in a conference call Wednesday that Trump’s selective approach “doesn’t make sense.” “Why are we having this conversation while Hyundai-Kia is importing 600,000 units in the U.S. with no incremental […]
Ford goes protectionist as EV losses top $5B Read More »
In May 2023, Ford triggered a transformation when the U.S. automaker locked in a deal to give owners of its EVs access to the Tesla Supercharger network. In a stunning shift, automaker after automaker — from GM and Hyundai to Rivian and Mercedes — followed suit. By the end of 2023, nearly every major automaker
Tesla Superchargers: GM, Ford, Rivian, and other EV brands with access Read More »
Tesla has announced that its redesigned Model Y SUV is coming to the U.S., Canada, and Mexico in March, with a starting price just shy of $60,000. The news comes just two weeks after Tesla first revealed the new-look Model Y and said it was coming to China and other Asian markets, also in March.
Tesla’s redesigned Model Y is coming to North America in March for $60,000 Read More »
President Donald Trump is trying to halt the flow of funding for EV charging infrastructure from two programs that Tesla has benefitted from — the latest example of how Elon Musk’s political interests seem to be at odds with his car company’s goal of advancing sustainable energy. It’s not a given that Trump’s gambit will
Trump targets EV charging funding programs Tesla benefits from Read More »
Seven-year-old electric vehicle startup Canoo has filed for bankruptcy and will “cease operations immediately.” The company is liquidating its assets in a Chapter 7 proceeding in the Delaware Bankruptcy Court. The company said in a press release published late Friday that it was “in discussions with foreign sources of capital” that proved unsuccessful, and also
EV startup Canoo files for bankruptcy and ceases operations Read More »
Rivian and the Department of Energy have finalized a $6.6 billion loan announced in November with just a few days left until Donald Trump’s inauguration. The company will use the loan to help build out its planned factory in Georgia, east of Atlanta, with construction beginning in 2026. The first R2 SUVs are scheduled to
Rivian finalizes $6.6B loan for its Georgia factory Read More »
Volvo spinoff Polestar had a rough 2024, and 2025 looks like it could be just as difficult. The EV maker announced Thursday that it expects to generate less revenue in fiscal year 2024 than it did in 2023, after previously estimating sales would stay the same. That’s thanks to “fewer than expected Polestar 3 and
Polestar digs in for another grim year Read More »
Tesla, along with three other industry partners, quietly backed an Illinois Environmental Protection Agency application that won $100 million in funding to build electric truck charging stations across the state, TechCrunch has learned. The award was the biggest given out by the Biden Administration’s Federal Highway Administration last week in the second round of what’s
Tesla to split $100M award for electric truck charging corridor in Illinois Read More »
It’s not an easy time to raise money for an electric vehicle startup, especially given how many have failed or are close to failing. But Los Angeles-based Harbinger has pulled it off by taking an hyper-focused approach to electrifying commercial trucking. The reward is a $100 million Series B, co-led by early Tesla investor Capricorn
EV startup Harbinger’s obsession with simplicity fuels $100M Series B Read More »
The Department of Transportation announced Friday another $636 million in funding that will be awarded to 49 applicants for electric vehicle charging infrastructure — and Tesla’s application for nearly $100 million to fund a big rig charging corridor was once again passed over. Tesla’s name was not among the list of recipients released, and its partner
Biden admin snubs Tesla’s $100 million big-rig charging funding request — again Read More »
