Tesla profits fell 55% to $1.13 billion in the first quarter from the same year-ago period as a protracted EV price-cutting strategy and “several unforeseen challenges” cut into the automaker’s bottom line. Tesla reported revenue of $21.3 billion in the first quarter, a 9% drop from the first quarter of 2023. Analysts polled by Yahoo Finance […] © 2024 TechCrunch. All rights reserved. For personal use only.
Around 17 million EVs will be sold in 2023, up from 14 million in 2014, IEA says, and one in five new cars will be electric
It's a complicated time for the nation's largest EV market. California EV sales increased in the first quarter of 2024, but market share still fell, according to a new quarterly report from the California New Car Dealers Association (CNCDA). The absolute number of EVs sold in California grew from 89,741 in the fourth quarter of 2023 to 90,296 in
Artificial Intelligence (AI) is not just a buzzword, it's a game-changer in the stock market. From automating complex and redundant processes to solving long-standing industry challenges, AI is revolutionizing the way we trade. With the launch of ChatGPT and other natural language processing (NLP) chatbots and AI's use in autonomous driving, the tech is becoming faster and more accurate by the day when solving real-life problems.While the impact of AI on the stock market is undeniable, concerns...
China's EV Dominance Could Hinder Manufactures to Obtain Biden's EV Subsidy Scheme, Warns South Korea
GM reveals more about what will turn its EVs into backup power for the home. Mini shows its Aceman EV. And EV sales are set to make gains in the U.S. and globally in 2024. This and more, here at Green Car Reports. The Mini Aceman urban EV has been revealed, and it quite closely follows the 2022 concept car of the same name. If this model arrives in the
Rapper, 36, initially detailed accident involving costly vehicle last month. He said that brake pedal broke and safeguards didn't activate. Philadelphia native said Hummer EV broke down four hours after he got it
The ownership of the Daily and Sunday Telegraph was set to be transferred to a Abu Dhabi-backed bid.
Ford customers are embracing electrification as the company set a new monthly record for hybrid sales. EV sales skyrocketed 129% thanks to strong demand for the Mustang Mach-E. ICE-powered crossovers were the big losers as the Bronco Sport, Escape, and Edge all saw big declines. Ford sales slid 2.4% last month to 179,588 units, but the automaker is looking at the silver lining as they sold 17,997 hybrids in April. That’s up 59.5% from a year ago and is a new monthly record. Helping them to...
The division responsible for the car-maker's huge fast-charging network is being axed to cut costs.
The Del Galdo Law Group has been representing Dolton in more than a dozen cases, including some that involve serious injuries or death.
The section that collapsed was an old boiler room that was sealed off when the former school building was renovated into apartments.