Just how far an electric vehicle will actually travel on a full charge compared to what each EV maker claims is always up for debate. However, the U.S. Department of Justice appears to be taking a closer look at Tesla’s range claims. Get details at Headlight.News.
Sometimes you can’t wait for the day to end, and that’s probably the case for Tesla investors who watched the stock stumble since the automaker delivered a weak third-quarter earnings report, sending shares tumbling for two days in a row. Among those hardest hit, CEO Elon Musk whose own holdings have now lost more than $20 billion in value.
Within a week of its 2019 launch, Tesla claimed to have logged 250,000 advance reservations for the Cybertruck, and CEO Musk claims the number is now up to 1 million. Yet, even with the all-electric pickup finally in production, it very well could turn into a bust, CEO Elon Musk telling investors and analysts “We dug our own grave with the Cybertruck.”
The impact of Tesla’s price cuts hit home in the third quarter as its earnings fell on a year-over-year basis. Perhaps more importantly, more price cuts are expected to come in the fourth quarter at the company pushes to meet its goal of delivering 1.8 million vehicles globally. More cuts means a tough final quarter — fiscally anyway. Details at Headlight.News.
Ford dropped a shift at the Dearborn, Michigan plant assembling its all-electric F-150 Lightning. The automaker blamed “multiple constraints,” for the move, but the UAW says the production cut comes as sales “have tanked.” If anything, Ford had expected a growing surge in demand as it prepares a major expansion of capacity at its Rouge Electric Vehicle Center.
Consumers and automakers alike are grappling with the sudden changes to EV prices occurring what seems to be weekly. Nissan is celebrating this week while Tesla has been offering up warnings. Find out why at Headlight.News.
EV leader Tesla is cutting prices again. The sales leader in the segment is looking to offset some economic uncertainties in order to set another full-year sales record. Find out more at Headlight.News.
Hyundai, Genesis and Kia are the latest brands set to migrate to Tesla’s NACS plug and Supercharger network. Headlight.News looks at why, and also lists the other EV manufacturers partnering with Tesla.
The arrival of Tesla’s Cybertruck is often preceded by phrases like “oft-delayed” or “long overdue,” and the company’s missed another deadline, suggesting deliveries would start in Q3 and they won’t. This delay contributed to the company’s Q3 sales shortfall. Details at Headlight.News.
But the downturn could be short-lived as automaker is ready to roll out new models. Get the details at Headlight.News.
Semi-autonomous system blamed for motorist’s death and two serious injuries. EV maker continues to deal with issues related to the technology. Get the details at Headlight.News.