Stories by Sarah Lee-Jones

Tesla Launches Model S and X Orders in South Korea

Tesla has kicked off orders for its Model S and Model X in South Korea, which comes after the first deliveries of these vehicles debuted in mainland China. Available to order are Long Range and Plaid versions of the Model S and Model X. Pricing is as follows… Model S – 124,490,000 KRW Model S […]

Upcoming Treasury Guidance Expected to Impact EV Tax Credits, Says Official

The U.S. Treasury Department is set to release guidance on battery sourcing requirements for electric vehicle (EV) tax credits by Friday, which may lead to fewer vehicles receiving full or partial credits, according to a U.S. official, reports Reuters. The Treasury postponed the proposed guidance on battery sourcing rules until March, allowing some EVs that […]

Ex-Tesla Employee Starts Testifying in New Racial Harassment Trial

A former Black elevator operator at Tesla’s primary California assembly plant started providing testimony in a trial on Wednesday, to establish the appropriate compensation for the severe racial harassment he allegedly endured from colleagues, reports Reuters. Owen Diaz is set to testify for approximately four hours, recounting the psychological effects of racial insults, threats, and […]

China’s BYD Has No U.S. Expansion Plans Yet, Delays Head-On with Tesla

Chinese electric vehicle manufacturer BYD has no immediate plans to enter the US passenger car market, according to founder Wang Chuanfu. This decision dampens expectations of the company, which is backed by Warren Buffett, challenging Tesla on its home turf for the time being, reports Bloomberg. BYD reported Q4 profit of $1.06 billion (7.3 billion […]

Tesla Q1 Delivery Report: Wedbush Anticipates Strong Numbers

Wedbush has maintained an Outperform rating and a $225.00 price target for Tesla, expressing optimism ahead of the electric automaker’s Q1 delivery report. Tesla’s delivery numbers for the first quarter are expected to be released soon, and analysts are eager to see how demand has held up in an unstable macro environment, reports Investing.com. According […]

Polestar 3 Launch in U.S. to Include $20 Million Marketing Campaign

Swedish electric vehicle manufacturer Polestar is gearing up for the launch of its first crossover in the truck-dominated US market with a $20 million marketing campaign set to kick off in the second quarter. Polestar is owned by Volvo, with the latter owned by Chinese conglomerate, Geely. According to Automotive News, this investment will surpass […]

Kia Unveils EV9 3-Row Electric SUV

Kia has unveiled the EV9 on Tuesday, its first three-row seat electric flagship SUV, with new design, technology, and sustainability features, offering options of six or seven seat configurations. Based on the Electric Global Modular Platform (E-GMP), the EV9 offers an all-electric WLTP target range of over 541 km and ultra-fast 800-volt charging, adding 239 […]

Tesla Expected to Shatter Sales Records in Q1 2023, Says Cox Automotive

Cox Automotive released its Q1 2023 new-vehicles sales forecast on Monday. The company predicts a 6% year-over-year (YoY) increase in new-vehicle sales volume in Q1 2023, reaching 3.5 million units. March sales are expected to reach nearly 1.3 million units, a 2.6% increase compared to March 2022. The Q1 seasonally adjusted annual rate (SAAR) is […]

Lucid Motors Announces Layoffs Affecting 18% of Workforce, Says Memo

Luxury electric vehicle startup Lucid Motors plans to lay off hundreds of employees, affecting approximately 18% of the company, according to an internal memo and five anonymous sources reported by Business Insider. The announcement was made during an all-hands meeting by CEO Peter Rawlinson. With around 7,200 employees globally at the end of 2022, this […]

Nissan Teases R32 Skyline GT-R Electric Concept [VIDEO]

Japanese automaker Nissan has teased an electric concept is coming of its iconic R32 Skyline GT-R, which will be called the R32 EV. According to the company’s website, a translation of the teaser announcement reads, “The R32 Skyline GT-R is a legendary car that continues to captivate many fans even 34 years after its debut. […]