After spending much of last year cutting prices on its EV lineup, Tesla has reversed course, announcing a $1,000 increase in the U.S. sticker price for its best-selling Model Y. In Europe, meanwhile, buyers will pay as much as 2,000 euros, or $2,177 more for the electric SUV. While that might not be good news for buyers, Tesla stockholders hailed the price hike, giving shares traded under the Nasdaq ticker TSLA their first big gain in a month. Find out more at Headlight.News.
The CEO of Hertz Global Holdings, has handed in his key to the executive washroom. He’s stepping down after a disastrous move that saw the daily rental company add 100,000 Teslas to its fleet. The EVs didn’t prove as popular as expected with customers – but they did wind up experience far more repairs than anticipated. Adding insult to injury, Tesla’s big price cuts meant massive losses for Hertz when it tried to sell the vehicles off.
When the new Lincoln Nautilus goes on sale this spring it will mark a significant development for parent Ford Motor Co., the first time it imports a vehicle to the U.S. from China. The move will help keep the U.S. automaker’s factories there running as demand for its products has tumbled sharply in the Asian nation. But Ford is not alone. Detroit automakers – along with other foreign brands – have seen their Chinese sales – and earnings – plunge as consumers by the millions shift to domestic competitors. Could the Chinese now turn the tables on the U.S. at home? Find out at Headlight.News.
When Elon Musk handed over the keys to the first Cybertruck last November he boasted that the electric pickup featured “the finest in apocalypse technology.” The Tesla CEO even played a video showing bullets bouncing off the truck’s stainless steel skin. But a series of recent social media posts raise serious questions about the truck’s actual capabilities — or at least the skills of its early owners who’ve gotten stuck in sand and snow and even driven into a wall at the Beverly Hills Hotel, knocking off a wheel in the process. Read all about it at Headlight.News.
Betting on the stock market isn’t for the fainthearted. But it takes an iron constitution to buy in on Tesla. True, those who’ve hung with the automaker since its early days have been well rewarded. But recent years have taken investors on a rollercoaster ride. And nowhere has it been more apparent than over the past few months. After nearing a 52-week late last year, Tesla shares have been in decline. And that’s now showing signs of turning into a full-on rout, even some long-term Tesla bulls getting worried.
Dodge lifted the covers today on the eagerly awaited Charger Daytona. The replacement for the brand’s ancient muscle car line-up made its debut in concept form barely 18 months ago, billed as “the world’s first all-electric muscle car.” But Dodge offered up a few surprises during a media briefing: it will not only offer three distinct performance versions of the Daytona EV but add both 2- and 4-door models. And there’ll also be a Dodge Charger gas model using the new Hurricane engine. More from Headlight.News.
It’s anyone’s guess how well the Tesla Cybertruck will do long-term. Even CEO Elon Musk has sent mixed signals about the stainless steel-bodied electric pickup. But, with production ramping up a painfully slow rate, it appears that some of those who truly want the EV will pay a substantial premium to get one – even a used one, with a brief auction resulting in one customer shelling out more than double the sticker price.
It’s official. Starting on Leap Day owners of Ford EVs will be able to plug into any of more than 15,000 Tesla Superchargers. That roughly doubles the number of public chargers that they previously had access to. With “charger anxiety” seen as one of the biggest obstacles to widespread EV adoption, Ford is hoping this will help up boost demand for its all-electric products. To make it even easier, Ford will begin shipping free Tesla adapters to its owners starting late next month.
While the rate of growth may be slowing, EV sales hit a record 1 million last year as more and more Americans find them to be acceptable alternatives to conventional, gas-powered vehicles. But “charging anxiety” has become one of the key factors slowing EV growth, according to industry analysts. And a new J.D. Power study concludes that “Public charging isn’t just bad, it’s getting worse.” That said, most owners are ready to buy another EV when it’s time to trade in, especially those with the top-ranked BMW i4.
Elon Musk, Tesla’s CEO, revealed the company plans unveil its second-generation roadster by the end of this year with deliveries starting next year. The Roadster was the first-ever Tesla vehicle, and its replacement was slated to arrive four years ago. Details at Headlight.News.
They may still represent only a small share of the new car market but electrified vehicles are becoming increasing desirable, according to Consumer Reports. Hybrids, plug-in hybrids and all-electric models make up seven of the models in the non-profit publication’s 2024 10 Top Cars list. For the first time, that includes a Tesla product, the Model Y, thanks to the automaker’s increasingly ubiquitous Supercharger network. Meanwhile, BMW and Subaru topped the CR Brand Report Card rankings.
Rivian announced it will slash both its corporate staff and production this year after reporting more than $1.5 billion in losses for the final three months of 2023. Even as it prepares to unveil an entirely new family of battery-electric vehicles, CEO RJ Scaringe warned the nascent automaker “is not immune” to the headwinds battering the U.S. EV market after four years of record growth. Separately, EV startup Lucid also forecast flattening sales after reporting worsening losses.