Telsa is willing to sacrifice profit for higher volume in the short term, said CEO Elon Musk, reaffirming the automaker’s commitment to price cuts after missing first-quarter expectations for total gross margin. “We’ve taken the view that pushing for higher volumes and a larger fleet is the right choice here, versus a lower volume and

Jaguar Land Rover has announced that the first of three all-new Jaguar EVs will be a four-door GT to be built at its Solihull plant in the UK. A single teaser image has been released. While the Land Rover brand continues to thrive with new models like the Defender, Range Rover, and Range Rover Sport,

WASHINGTON — Electric vehicles from Volkswagen Group of America and some EVs made by Rivian Automotive will qualify for tax credits under the newly effective battery sourcing rules, the two automakers confirmed Wednesday. All variants of VW’s 2023 ID4 are eligible for the full $7,500 tax credit this year. “The ID4 is already one of

BYD has confirmed that the Dolphin all-electric compact hatchback is coming to Europe this year alongside the Seal mid-size sedan. After launching three fully electric vehicles in Europe – the Atto 3 compact SUV, Han large sedan, and Tang large SUV – the Chinese automaker is enlarging its European lineup with two models that have

Tesla just released its Q1 2023 earnings report and the numbers are solid. Tesla again turned a profit, which makes that fourteen quarters in a row in which Tesla has reported a profit. Tesla basically met expectations last quarter. The main financial details from the Q1 2023 report are as follows:  $ 23.3 billion in revenue

Tesla Inc. missed market estimates for first-quarter total gross margin on Wednesday, throttled by a series of aggressive price cuts meant to spur demand in a sagging economy and fend off rising competition. The EV maker’s net income during the latest period dropped 24 percent to $2.51 billion.  Tesla reported total gross margin of 19.3

A Tesla Semi truck just happened to show up in a neighborhood and the driver answered some questions about the electric truck. He had mostly positive words to share about the truck, though he’s spent very little time using it. We know Tesla delivered some electric Semis thanks to the official delivery party, and we