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.
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.
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.
Battery-electric vehicles use half as much energy to run a given distance as do vehicles powered by gasoline, according to a new study by Yale University. And the cleaner and more efficient the source of electricity used to charge a vehicle the better the equation gets.
EV maker Tesla reported its overall revenue increased slightly in the second quarter, but it wasn’t because of its automotive operations, which fell 7%. The company reported net income and adjusted earnings were down year-over-year as well. Get the details at Headlight.News.
Tesla CEO Elon Musk says that the company will have humanoid robots for internal use next year as the company moves to address lingering challenges including the delay in producing its “Optimus” lineup of humanoid robots.
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.
Back-to-back quarterly sales drops seems to have CEO Elon Musk’s attention. Always looking for ways to bolster deliveries, Tesla’s offering a new long-range variant of the Model 3 sedan. Get details at Headlight.News.
More than half of the automotive models now on sale offer some form of partial automation, whether to help steer, brake or accelerate. Manufacturers have promoted these technologies as a way to reduce crashes, injuries and fatalities – but, with the exception of front automatic emergency braking, a new study finds “partial automation…doesn’t confirm additional safety benefits.”
From compact crossovers to full-size SUVs, roughly 100 new battery-electric vehicles have come to market over the last two years. But which ones are the best when you factor in things like range, reliability, maintenance and everyday practicality? Consumer Reports has named its 14 top choices and it includes a variety of different sizes, prices and features. But three brands – Hyundai, Kia and BMW – stood out.
It’s been a tough year for EV start-ups, Fisker filing for bankruptcy, and several others expected to follow. But there have been a few glimmers of hope. Price cuts helped Lucid outperform sales expectations during the second quarter, buying it time to bring a second product line to market later this year. But with Wall Street still skeptical, the California manufacturer remains critically dependent on cash from the Saudis, Lucid’s largest investor.
Hyundai is facing a new theft threat as high-tech thieves target Hyundai, Kia, and Genesis EV models. Growing problem shines the spotlight on vehicle security challenges.