For the first quarter of this year, Tesla delivered fewer vehicles and made less money than it did at this time last year. The company’s net income fell 55% and revenue slid 9% despite EV sales being up for other automakers during the period. Get details at Headlight.News.
Land Rover’s first ever EV model will use familiar design DNA to try and win over customers in the growing electric SUV segment.
EV leader Tesla saw its share price fall more than 3% Monday after it cut prices on many of its vehicles by as much as $2,000 over the weekend. It’s the second time the company’s slashed prices in the past two weeks, highlighting the company’s efforts to revive sales and improve profits. Find out more at Headlight.News.
Headlight News for the Week of 4-22-24 – Musk Wants His $56 Billion Back – Big Recalls – Cheaper Cars – GM Moves – A Review of the Maverick Tremor – The Week Ahead – And This Week in Automotive History
Tesla on Friday ordered the recall of nearly all of its Cybertrucks because their throttle pedals could stick when fully depressed, leading to potential runaway acceleration. The recall comes about three weeks after the automaker first received notice of the defect which, so far, has not been blamed for any crashes.
The 2024 Lucid Air Grand Touring remains one of the highest performance benchmarks in the EV segment. The company is aiming to keep it that way with a suite of updates that not only improve efficiency but other key aspects of the car as well.
Elon Musk took a big hit to the wallet in January when a Delaware judge rejected the $56 billion payout he was awarded by Tesla. The decision, along with Tesla’s weakened stock price, briefly knocked Musk off his perch as the world’s richest man. Now, Tesla is asking its shareholders to vote again on the pay plan while proposing other changes that would make it less likely future proposals could run into legal trouble.
The GMC Sierra EV is promising to be a potent sequel to the brand’s Hummer lineup and new information released by GMC not only confirms that the model will get features from its Hummer siblings but also higher capabilities than initially advertised.
Hyundai may be a brand for the masses, but ignore any model wearing the “N” badge at your own peril. And now, the performance sub-brand is working its magic on the Korean carmaker’s first dedicated EV, the Ioniq 5. But does it live up to expectations? To find out, Headlight.News headed out to California’s scenic Monterey Peninsula to push the new Hyundai Ioniq 5 N to its limits, on track and off.
Headlight News for the Week of 4-15-2024 – Auto Insurance Costs Soar – The Unthinkable Corvette Is Coming – EVs Clearing Teh Air – Lincoln Nautilus Review – A Week In Automotive History
The 2025 Honda CR-V e:FCEV makes history by infusing hydrogen fuel cell technology with plug-in battery tech to create a unique clean vehicle offering that could reshape the way that buyers think about fuel cell-equipped vehicles.
It was a good year for BMW, the automaker gaining traction in most global markets while setting an all-time record in the U.S. To keep the momentum going, the automaker is planning a product blitz that will see nearly 40 new models come to market over the next half-decade, including an assortment of battery-electric vehicles, EVs already generating about 13% of the Bavarian automakers U.S. sales.