Elon Musk is responding to the unprecedented pay package proposal from Tesla’s board of directors by slightly increasing his stake in the company. Musk bought $1 billion in Tesla stock through an irrevocable trust on September 12th, according to a regulatory filing released Monday. Tesla shares were trading up over 5 percent on the news, […]
Stellantis announced that it was discontinuing its Ram 1500 REV electric truck, citing slowing sales of heavy-duty electric trucks. The name plate, however, will live on. Stellantis said that it was renaming its Range-Extended Electric Vehicle (REEV) Ramcharger pickup to Ram 1500 REV. “This vehicle will set a new benchmark in the half-ton segment, offering […]
If you need another sign that the go-go ‘80s are back, look no further than the return of the fabled Ferrari Testarossa nameplate, which the Italian automaker announced this week in Milan. But this is no retread: the new 849 Testarossa now sports a hybrid powertain for added oomph. How much oomph we talking? The […]
At an event in Las Vegas yesterday, Tesla revealed a new utility-scale battery configuration that it claims can significantly lower construction costs for utilities, along with faster installation. Its new “Megablock” is pre-engineered; more assembly done in a factory allows for 23 percent faster installation, according to Tesla. That’s supposed to translate to up to […]
Hyundai is out with a new concept car that previews a smaller EV that could slot below the Ioniq 5. And while the design is pretty bold, and full of what seems to be veiled references to Star Wars, the idea of a smaller (and hopefully less expensive) electric hatchback is surely one of the […]
It’s been five years since Polestar first introduced the Precept, a concept car that the electric automaker described as “a manifesto of things to come; a declaration.” Well, come they have, because today Polestar finally revealed the production car that’s based on this manifesto: the Polestar 5. And wow, these specs: up to 460 miles […]
It hasn’t been the greatest year for the Ford F-150 Lightning, with sales so far this year down nearly 10 percent as compared to last year. In the hopes of boosting interest in the battery-powered truck, Ford today announced a new appearance package called STX, which the company says is in direct response to customer […]
General Motors is going to be scaling back production of the Cadillac Lyriq and Vistiq, as well as the Chevy Bolt EV as it expects sales of electric vehicles to slow dramatically. The $7,500 consumer tax credit for purchasing a new EV is set to expire at the end of the month. That credit has […]
Everyone basically agrees: if you want people to transition from polluting gas guzzlers to electric cars, you have to make them more affordable. The luxury EVs, with their big battery packs and fine leather interiors, are all well and good, but if you really want to move the needle on EV adoption, we need more […]
Elon Musk could become the world’s first trillionaire if Tesla shareholders approve a new pay package that was just put forward by the company’s board. Musk would need to meet certain milestones in order to receive that eye-popping compensation, such as producing 1 million robotaxis and 1 million humanoid robots, as well as increase Tesla’s […]