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Quid Pro Quo? Musk Money in Hand, Trump is Now an EV Fan

Quid Pro Quo? Musk Money in Hand, Trump is Now an EV Fan

Donald Trump has pulled a U-turn and now says he is now “totally” in favor of EVs. The Republican nominee for president said he had “no choice” but to rethink his position after previously bashing battery-electric vehicles now that Tesla CEO Elon Musk has become one of Trump’s biggest financial backers in an increasingly tough campaign.

Mercedes Takes Aim at Tesla’s Best-Seller with Electric CLA

Mercedes Takes Aim at Tesla’s Best-Seller with Electric CLA

Even as its sales start to slide, Tesla is coming under increasing fire from competitors who hope to chip away at its market share which still dominates the EV market. And Mercedes-Benz is taking aim at Tesla’s best-seller with an all-new, battery-powered version of its compact CLA model set to debut next year.

Tesla’s Trade Secret Lawsuit Against Rivian Heading to Court

Tesla’s Trade Secret Lawsuit Against Rivian Heading to Court

It will be up to a California court to determine the outcome of a long-running suit pitting two EV manufacturers, Tesla and Rivian. The bigger of the two has accused its rival of stealing trade secrets and a judge has ruled the case will have to go to trial after Rivian filed to get it dismissed earlier this week.

Ford Earnings Fall Short – Sending Investors Scrambling

Ford Earnings Fall Short – Sending Investors Scrambling

It wasn’t expected to be a good quarter for Ford Motor Co. Even then, the automaker’s second-quarter earnings managed to fall short of Wall Street’s expectations. That sent Ford shares tumbling by 11%, even though company leaders tried to assure investors they’re “on track” to deliver a full-year profit. More from Headlight.News.

Investors Unhappy with Tesla’s Results, Musk’s Explanation

Investors Unhappy with Tesla’s Results, Musk’s Explanation

Tesla’s second quarter results reflected the tough times the EV maker’s experiencing now that there is more competition and other issues impacting sales. While the company’s overall revenue rise slightly, its net income and automotive operations revenue took massive hits. Moreover, CEO Elon Musk doesn’t seem too bothered by the numbers. Get details at Headlight.News.

U.S. Regulators May Ban Chinese Software from New Vehicles

U.S. Regulators May Ban Chinese Software from New Vehicles

Your next new car is likely to be loaded with all sorts of digital technology – and the software to run it. And that means it may know “a lot about you.” And how that information is used has raised growing privacy concerns. That’s why the U.S. Commerce Dept. may impose restrictions on the use of software coming from China.