Tesla continues to shed employees as the company plans to layoff 2,700 employees from Giga Texas alone, according to a Worker Adjustment and Retraining Notice (WARN) submitted to the authorities. Information contained in the notice […]
Tesla has published their first-quarter earnings for 2024, revealing a mix of strategic advancements but also financial challenges. Financially, Tesla reported a decrease in total revenue to $21.3 billion, marking a 9% drop year-over-year (YoY). […]
Rivian has introduced a new incentive called the “Electric Upgrade Offer,” providing substantial discounts on the purchase or lease of a new Rivian R1 model when trading in certain internal combustion engine (ICE) cars. The […]
Tesla has slashed the price of its Full Self-Driving (FSD) Capability in North America, with the price of the software being cut by 31% in Canada and 33% in the United States. At the same […]
VinFast has reported remarkable growth in global sales for Q1 2024. The Vietnamese EV maker delivered nearly 10,000 units in the first three months of the year, a 444 percent improvement over the same period […]
Tesla has announced it is ending its referral program in some countries. So far three countries appear to be impacted by the change – Australia, New Zealand, and South Korea. In a message sent directly […]
Tesla has issued a recall for the Cybertruck over concerns the accelerator pedal cover may become dislodged. The recall affects all Cybertrucks already delivered, giving us our first insight into how many have been produced […]
The Canadian government has announced an extension of its Incentives for Zero-Emission Vehicles (iZEV) program. The program was originally set to expire on March 31, 2025. The iZEV program, first launched in 2019, has been […]
Tesla is reducing its workforce by over 10%, affecting approximately 14,000 employees globally. At the same time, at least one key executive has decided to leave the company, while others appear to have also moved […]
The Porsche Taycan sales dipped significantly in the first quarter of 2024. However, there could be a silver lining as the company is prepping a new version for an April release. Porsche sold 77,640 cars in Q1 […]
