Direct auto sales bills have been popular in the last few years with the rise of Tesla, an electric car company that doesn’t have franchised dealerships, such as in Connecticut. On Wednesday, the General Assembly’s Transportation Committee passed Senate Bill 127, a bill that effectively allows direct sales from auto companies to customers in Connecticut […]
You can now buy a Tesla with Bitcoin, according to a change on the company’s website on Wednesday evening. Back in February, Tesla disclosed it made a $1.5 billion in Bitcoin and mentioned it would soon accept the cryptocurrency as payment in the “near future”. Fast forward just over a month and Bitcoin payment on […]
Volkswagen has been boldly climbing the battery electric vehicle (BEV) ladder, with its shares up over 50% this year. On Monday, Deutsche Bank analysts raised their price target on Volkswagen from €185 ($220 USD) to €250 ($298 USD), led by analyst Tim Rokossa, reports Market Watch. The news, which was shared in a note to […]
‘Shark Tank’ star and co-founder of the O’Shares ETFs, Kevin O’Leary, used to be a Tesla bear, but has now become bullish on the electric automaker, according to his recent interview with Benzinga CEO Jason Raznick. O’Leary says he nearly shorted Tesla, at a time when shares were falling due to an analyst downgrade. But […]
Chinese electric vehicle (EV) manufacturer NIO has seen a few highs this year, as it competes against Tesla for a spot in the world’s largest and most competitive auto market in China. Monday, NIO shared a Geek Village Chief review of the company’s Navigate On Pilot (NOP) autonomous driving system, which was initially unveiled by […]
Volkswagen has major plans to shift towards electric vehicles (EVs), and despite not having a full line of EVs yet, the company is already playing a major role in the European market’s move to sustainable transportation. For February 2021, the small VW e-UP! EV was the top seller in Germany, followed by the Tesla Model […]
Volkswagen (VW) denied claims that it would join forces with Tesla on Tuesday, responding to “Squawk Box Europe” on whether the company would rule out future deals with the electric vehicle (EV) company, as reported by CNBC. VW CEO Herbert Diess said, “No, we haven’t considered [it], we are going our own way. We want […]
Silicon Valley startup Verkada Inc. was saw its 150,000 security cameras breached by hackers, exposing live footage from a variety of enterprise customers, including Tesla, reports Bloomberg. Both live and video archives were breached, exposing footage belonging to Verkada customers, which includes schools, hospitals, jails, police departments and more. “Another video, shot inside a Tesla warehouse […]
German automaker BMW is well slated to handle an electric future, according to Chief Financial Officer Nicolas Peter in a recent interview. Even with threats of Apple, the world’s most valuable company, and its upcoming autonomous car entering the auto market, Peter says he’s still sleeping at night, reports Bloomberg. When asked about Apple, Peter […]
Earlier this week, the Union Bank of Switzerland (UBS) named Tesla the most valuable software company of the future, and in a recent analysis, the firm is now highlighting Volkswagen as the closest competitor with Tesla’s electric vehicles (EVs). On Thursday, Fortune reported that, after tearing down the VW ID.3, the UBS determined that the […]
Earlier this year, Fiat Chrysler and Peugeot parent PSA group merged to form Stellantis. According to CNBC, Fiat Chrysler spent nearly 300 million euros ($362 million USD) last year on regulatory credits in Europe, most of which were purchased from Tesla. This was before merging with Peugeot PSA to become Stellantis, though the company’s plans […]
Electric cars, trucks, vans, and buses have become a reality in the United States, but not every region has made it easy. Rivaling electric vehicle (EV) companies Rivian, Tesla, and Lucid, among others like Lordstown Motors, have teamed up in an infant EV market against direct sales laws throughout the US, as reported by TechCrunch. […]
Despite being a global top-seller in 2020, some experts have suggested that Tesla’s electric vehicle (EV) sales may be on the decline. Tesla’s market share in Europe plummeted last month, dropping by more than 5% year-over-year in January 2021, with just 1,619 registrations in Europe this year compared to 1,977 in 2020, according to automotive […]
The Wuling HongGuang Mini EV has been performing well for several months in a row now, and a recent report has the vehicle at the top of its list. In January 2021, according to EV Sales, the Wuling HongGuang Mini EV outsold the Tesla Model 3 in China with 36,762 registered units – also making […]
According to new research from Asian publication, Digitimes, it expects electric vehicle (EV) automaker, Tesla, to hit 800,000 in vehicle sales for 2021. Digitimes Research says it forecasts Tesla selling 800,000 vehicles globally this year, with the lion’s share of sales (90.4%) to be from “more price friendly” Model 3 and Model Y. “Tesla sold […]
