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Ford trims EV battery orders as losses swell to over $100,000 per electric car in Q1 With losses piling up, Ford is cutting back on EV battery orders, citing slower-than-expected market demand. After cutting F-150 Lightning production and the workforce at its Rouge EV plant, Ford revealed plans to delay around $12 billion in EV spending last year. Now, it looks like Ford is throttling back on more EV plans, shifting to smaller, more profitable EVs and delaying its three-row electric SUV in the US. Ford is accelerating the development of smaller electric vehicles, with the first models expected to be a smaller electric truck and SUV with a starting price of around $25,000, debuting in 2026. Despite challenges, Ford is maintaining partnerships with its battery suppliers and is following Toyota and other legacy automakers with plans to introduce more hybrids as a bridge to its next-gen EVs.

Elon Musk's Demand Elon Musk has made a bold demand, stating that he needs 25% of Tesla or he won't develop AI and robotic products at the company. He has emphasized that Tesla's value is heavily reliant on these technologies. Tesla's Focus on AI and Robotics Musk has consistently highlighted Tesla as an AI and robotics company, stressing that the company's worth is closely tied to its self-driving technology. CEO's Control Over Tesla Musk currently owns about 13% of Tesla's shares, and with his 2018 compensation package, he could potentially have up to 18% ownership. However, he is pushing for even greater control over the company. Repercussions of the Ultimatum This ultimatum has raised concerns, with some expressing disbelief at the CEO's public threat to withhold critical products from Tesla unless his demands are met. The Future of Tesla Musk's conditions for maintaining AI and robotics products within Tesla include obtaining 25% voting power, reincorporating Tesla in Texas, and reapproving his 2018 compensation package. This situation has sparked controversy and uncertainty about the company's future.

Hey Tesla fans, exciting news! Tesla has just released its new Full Self-Driving (FSD) v12.4 update, and it's a game-changer. Elon Musk confirmed that v12.4 removes the "steering wheel nag" - those pesky alerts reminding drivers to apply pressure on the steering wheel. The update also enhances camera-based driver monitoring, shutting down the sunglasses loophole and improving attentiveness detection. Musk claims v12.4 should result in a 5 to 10x improvement in miles per intervention, a significant leap forward. So, get ready for a smoother, more attentive driving experience with Tesla's latest update. Stay tuned for more exciting developments from Tesla

Introducing the BYD Sea Lion 07 Electric SUV BYD has officially launched the Sea Lion 07, a sleek mid-size electric SUV designed to rival Tesla's Model Y. Starting at just $26,250, this new EV boasts a range of up to 379 miles and features the world's first full scenario intelligent pulse self-heating technology. With a 12-in-1 smart e-drive system and the world's highest-speed production motor, the Sea Lion 07 is a game-changer in the electric vehicle market. Available in four variants, the Sea Lion 07 offers a range of options to suit different preferences and needs. From the 550 Standard to the 610 Long Range and Smart variants, there's a Sea Lion 07 for everyone. Priced at $26,250, the Sea Lion 07 undercuts Tesla's Model Y, making it a compelling option for electric SUV enthusiasts. With its impressive features and competitive pricing, the Sea Lion 07 is set to make waves in the EV market. What are your thoughts on BYD's new electric SUV? Can it compete with Tesla's Model Y? Let us know in the comments below.

Chevy's top-of-the-line 2024 Silverado EV First-Edition RST pickup is now in production, with an impressive 440 miles of range. This luxury electric pickup truck boasts GM-estimated 754 horsepower and 785 lb-ft of torque, capable of zero to 60 mph in just 4.5 seconds. Equipped with a Multi-Flex Midgate and Tailgate, it offers increased storage capacity and up to 10,000 lbs. of towing capability. The Silverado EV First-Edition RST also features a 17-inch diagonal LCD display screen, 11-inch diagonal reconfigurable driver information display, and a 14-inch diagonal field of view Head Up Display with Google built-in technology. Priced at $94,500 plus $1,995 DFC, this electric pickup is set to begin customer deliveries by mid-2024. Are you impressed by these specs? Let us know in the comments below.

Hey there, Tesla fans! Get ready to hear about a one-of-a-kind secret Tesla Roadster R&D prototype that's up for sale. This prototype, a Tesla Roadster Sport with VIN #1124, was originally bought from Tesla in 2012 and was part of a performance package that never made it to the public. It boasts exclusive features like Italian performance brakes, a custom limited slip differential, and hand-laid raw carbon bodywork. The proposed $30,000 performance package, including several upgrades, was never released due to changes in leadership, making this the only prototype of its kind. This unique Roadster is currently for sale and comes with internal documentation about the project for the buyer. For more details, visit the car's website or see it displayed at The Shop in Seattle. Don't miss this rare opportunity!

Hey there, Tesla fans! Exciting news for anyone eyeing the Model Y. Tesla has just launched a limited-time offer of 0.99% financing on the Model Y, aiming to boost orders and make the vehicle even more accessible. For a limited time, you can take advantage of this heavily discounted financing, with the 0.99% APR available until May 31. This offer starts at less than $32,000 after the federal tax credit and estimated gas savings. With a $4,250 down payment and a 72-month loan, the monthly payments for the new Model Y Long Range RWD come down to $603 before incentives. And if you're eligible for the Federal Tax Credit, your monthly payment could be as low as $499. This move by Tesla is a game-changer, as it offers an attractive financing option for the best-selling electric vehicle in the world. It's a win-win for potential buyers and for Tesla. So, if you've been considering the Model Y, now might be the perfect time to make your move. Don't miss out on this incredible opportunity!

Hey there, it's time for the Tesla Prices Report: April Overview. In April, Tesla saw a month-over-month ATP increase of 5.7%, according to Kelley Blue Book. However, despite this increase, Tesla's prices were actually lower year-over-year by 3.3%. Tesla's pricing dynamics have been a significant factor in the luxury and EV markets due to its high sales volume in both segments. The average transaction price for an EV was down 8.5% year-over-year, influenced by factors such as slowing sales, healthy inventory, and increased competition. Some popular EVs, including the Ford F-150 Lightning and the Tesla Model Y, saw significant year-over-year price reductions in April. For more insights and updates on Tesla prices and the EV market, stay tuned for our next report.

Tesla Spotted Testing Prototype with New Camera Setup Tesla has been spotted testing a Model 3 prototype with a new camera setup, sparking speculation about the company's plans for autonomous driving technology. While most companies use a variety of sensors for autonomous driving, Tesla has focused on achieving self-driving capabilities using only cameras. The prototype was seen in Palo Alto, featuring a new camera array including rear window, trunk, and side repeater cameras. Experts and enthusiasts are speculating whether Tesla is rethinking its camera setup to achieve full autonomy or preparing for new versions of existing vehicles. Stay tuned for updates on Tesla's innovative developments in autonomous driving technology.

Tesla's Data Center for Self-Driving in China According to a new report from Reuters, Tesla is in the early stages of planning to build a data center in China to train its self-driving AI. Following Elon Musk’s recent visit to China, Tesla seems to have made progress toward bringing its ‘Supervised Full Self-Driving’ to the country. Tesla has reportedly secured conditional approval to deploy the system in the market, partly due to a deal to handle self-driving data in China. Top comment by Aroma Man suggests that it would make sense for Tesla to have a major local data center in the works to appease the government with its data management. Tesla is expected to train its neural nets with videos from its cars in China to adapt its Full Self-Driving neural nets to Chinese roads. This move is crucial for Tesla's expansion in the Chinese market.

EnviroSpark Secures $50M Investment to Hire Tesla Supercharger Team Talent Thanks to a new $50 million investment, Atlanta-based EV charging company EnviroSpark is ready to rapidly grow its owned and operated network across the US. The investment will also allow the company to innovate technologies and make its EV infrastructure more accessible and sustainable. EnviroSpark aims to hire laid-off talent from Tesla, specifically the Supercharger team, which was laid off just over a week ago. Aaron Luque, cofounder and CEO of EnviroSpark, expressed, "This is the single greatest talent acquisition opportunity since I founded EnviroSpark." EnviroSpark has made a name for itself in the EV charging market, with more than 8,200 charging plugs all over North America. The company has forged strategic partnerships with RaceTrac, Waffle House, IHG Hotels & Resorts, and Ford Dealerships, complementing longstanding relationships with Tesla, Volkswagen, Volta, and Starwood Capital Group. EnviroSpark's recent investment and ambitious growth objectives position the company to accelerate EV adoption and make a significant impact in the EV charging market.

Despite the recent chaos caused by Tesla CEO Elon Musk, the auto industry should not give up on Tesla's NACS plug. Here's why. The NACS plug is a better standard overall, with easier usability, better support for commercial installations, and more interoperability with international receptacles. It's also now a real standard that Tesla no longer has control over, as SAE certification for NACS is already finished. The industry has already decided to convert to NACS, putting to bed the format war between Superchargers and CCS. Adapters are available, and there will be a transition period where both CCS and NACS chargers remain available. Manufacturers should continue forward in transitioning to NACS ports, third parties should focus on installing NACS chargers, and Tesla should rehire a division to ensure a smooth transition. The industry should not reverse its NACS transition plans and should focus on the better standard.

Hey there, are you a property owner left in the dark by Elon Musk's recent firing of Tesla's charging team? Well, BP has a message for you. BP pulse, the fossil fuel giant’s EV charging division, is asking property owners left in the dark by Elon Musk firing Tesla’s charging team to give them a call as it plans to scoop up some of the sites. Last week, Elon Musk fired Tesla’s entire charging team, resulting in Tesla backing out of leases on planned Supercharger stations and causing confusion amongst its partners in ongoing projects. This presents an opportunity for other companies, like BP, to step in and continue the work. Sujay Sharma, chief executive officer of bp pulse Americas, said, "If there are stranded real estate partners who are looking for someone to call, they should feel free to pick up the phone and call me or look me up on LinkedIn." So, if you're a property owner affected by this, don't hesitate to reach out to BP pulse. They're ready to help.

Tesla Loses Top AI Lead Tesla has lost a top AI engineer, Paril Jain, who played a crucial role in the company's autonomous driving effort. Jain was the tech lead for the "Planning, Imitation Learning & RL team for Tesla AI." He has now announced his departure to co-found 'The Bot Company', a startup to build robots. Jain's departure is part of a broader talent exodus at Tesla, with several major waves of layoffs and employees leaving due to low morale. This exodus is raising concerns about the eroding capacity of Tesla to attract and retain talent, especially in its autonomous driving team. Electrek highlights that Tesla's biggest strength has always been its ability to attract and retain talent, and the recent talent exodus is a cause for concern. The hope is that Tesla can turn this situation around. Despite the departure of top AI talent, the future of Tesla's autonomous driving team remains a topic of interest and concern.

The US government has announced wider tariffs on several categories of Chinese goods, including various green products like solar panels and batteries, medical goods, and in particular an increase of tariffs on Chinese EVs from 25% to 100%. This large tariff has had the effect of excluding most Chinese autos from the US market, as it’s easier to export to countries with lower tariffs first. However, given Chinese EVs are incredibly affordable, even a 25% tariff might have resulted in competitive prices. Volvo and Polestar, both owned by Geely, are evaluating the announcement of tariff increases from the Biden Administration. They are considering diversifying their manufacturing footprint and supporting job creation and economic growth in the region. Reaction to the move was positive from domestic manufacturing trade associations and labor groups, but negative from economists, consumer advocates, and foreign/global manufacturers. The move is expected to increase the price of goods for Americans, impacting the EV market and potentially slowing down EV adoption. Despite the potential negative impact, the decision is seen as a strategic move in the context of an important election just months away.

Get ready for the arrival of the Volvo EX60, the new luxury electric SUV set to compete with the Tesla Model Y and Porsche Macan. Volvo is making a significant impact in the electric vehicle market, with its EX30 already boosting sales and accounting for over 40% of sales in 19 markets. The new EX60 is expected to debut as an all-electric replacement to the hybrid XC60 Recharge, competing against premium SUVs like the Tesla Model Y, Porsche Macan EV, and Mercedes-Benz EQC. The EX60 is anticipated to feature up to 400 miles WLTP range and a new "structural" battery pack, similar to BYD and Tesla, leading to improved energy density and great driveability. Stay tuned for the unveiling of the Volvo EX60 by the end of the year, with prices and specs arriving at a later date. Keep an eye out for more details soon.

Tesla is being probed by the Department of Justice over its self-driving claims. The DOJ is examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles’ self-driving capabilities. U.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles’ self-driving capabilities. The government is specifically looking at statements by Tesla and its CEO Elon Musk. Investigators are exploring whether Tesla committed wire fraud by misleading consumers about its driver-assistance systems. They are also examining whether Tesla committed securities fraud by deceiving investors. Many are questioning Elon Musk's statements about self-driving capabilities and the timeline for Full Self-Driving. Some believe there should be legal consequences for these overstatements. This investigation is not the first time the government has looked into Tesla over these issues. The public is divided on the matter, with some expressing skepticism about the potential outcome. What are your thoughts on this? Let us know in the comment section below.

Elon Musk's Update Elon Musk has provided an update on Tesla’s upcoming Full Self-Driving (FSD) software updates. With FSD v12 and the upcoming launch of Tesla’s dedicated Robotaxi, there’s a lot of excitement around Tesla’s self-driving effort. Musk is predicting that the automaker is close to releasing a true self-driving system, but the path to get there is still far from clear. FSD Release Schedule Musk shared that FSD version 12.4 has almost completely retrained models, with the final touches focusing on comfort. The .4 update is expected to be a bigger step change, as Tesla has "completely retrained" the models. Additionally, versions 12.5 and 12.6 are in various stages of testing, with a focus on handling rare, complex situations. Impressions and Testing Electrek has been impressed with the previous versions and is looking forward to testing the upcoming updates. However, it's important to remember that the keyword in ‘Supervised Full Self-Driving’ is ‘Supervised,’ and drivers need to remain attentive at all times and ready to take control.

Introducing the Daimler Truck's Autonomous Electric Semi-Truck Daimler Truck North America has just debuted a demonstrator electric semi-truck with autonomous driving technology. The electric autonomous Freightliner eCascadia technology demonstrator is based on a production electric Freightliner eCascadia. It’s equipped with Torc Robotics‘ autonomous driving software and the latest Level 4 sensor and compute technology that will eventually enable Level 4 autonomous driving. Daimler’s goal is to develop this research and engineering project into a modular, scalable platform for different trucking applications to offer bespoke solutions for customers. Daimler says the autonomous eCascadia could be used on shorter, repeatable routes, and it’s currently testing the autonomous electric semi-truck demonstrator between freight centers along US highway corridors. Daimler Truck has been developing and testing autonomous truck technology since 2015, and it aims to enter the market with production SAE Level 4 autonomous trucks in the US by 2027. Daimler Truck is making significant strides in the development of autonomous electric semi-trucks, aiming to revolutionize the trucking industry with cutting-edge technology.

Amazon's First Electric Semi Trucks Amazon has made a groundbreaking move by introducing its first electric semi trucks into ocean freight operations. The company has added fifty Class 8 electric Volvo semi trucks to its commercial fleet in Southern California. These trucks will not only haul heavy cargo containers and customer package loads but will also significantly reduce harmful carbon and diesel particulate emissions. California's aggressive mandates have played a crucial role in driving this shift towards sustainable transportation. With this significant step, Amazon is setting a new standard for sustainability in the trucking industry, and California continues to lead the way in setting world-leading climate goals.

Introducing the Eli ZERO: a game-changing electric micro 'car' now available in the US for just $11,900. This two-seater vehicle boasts a 90-mile range, a 3.2 kW on-board charger, and a 160L trunk for storage, all while featuring car-level amenities like heat and A/C, keyless entry, and an optional Sony infotainment center. The Eli ZERO aims to transform urban travel, reduce congestion, and improve the quality of life in cities, according to the company's founder and CEO, Marcus Li. According to Electrek, the Eli ZERO is the perfect solution for city dwellers and retirees, offering a convenient and affordable alternative to traditional vehicles. Join the mobility revolution and reserve your Eli ZERO today with a $200 refundable deposit. Don't miss out on this innovative and affordable urban travel solution.

Tesla to Release Autopilot/FSD Information as NHTSA Investigates Last month, NHTSA announced a new investigation into Autopilot/FSD due to concerns about the effectiveness of the previous recall and an increase in reported crashes. The agency is now demanding extensive information from Tesla, including all data and documents related to these systems. Tesla has been notoriously reluctant to release data about Autopilot and its Full Self-Driving program, raising concerns about transparency and trust. While most other companies working on self-driving programs have consistently released data to track progress, Tesla has resisted doing so. NHTSA has warned Tesla of potential fines of up to $135 million if it fails to comply with the information request. This development highlights the significance of regulatory involvement in obtaining crucial data on autonomous driving systems. The investigation's outcome could provide the public with access to actual data, rather than anecdotal experiences, shedding light on the safety and effectiveness of Tesla's Autopilot and Full Self-Driving systems.

Over 140 'Used' Tesla Cybertrucks for Sale There are over 140 Tesla Cybertrucks for sale on the “used” market, and the prices are fluctuating. Despite Tesla's efforts to discourage reselling, the number of available Cybertrucks has increased significantly. Some early Cybertrucks were sold for twice their MSRP, but the days of making substantial profits are gone. With more vehicles available, prices are decreasing. Most listings are for low mileage vehicles, but there are also options with higher mileage. The prices have dropped, with several Cybertrucks listed around $120,000, still $20,000 over the MSRP. Some owners are aiming for $200,000, but recent auctions have seen the trucks go for about $150,000. The uniqueness factor of the Cybertruck is diminishing as more vehicles are delivered. The program may need cheaper trims to gain momentum in the market.

Hey there, it's been reported that Tesla's head of Cybertruck manufacturing has left the company. This comes amidst a series of major layoffs and organizational changes at Tesla. Renjie Zhu, the director of manufacturing in charge of Cybertruck production, announced his departure on LinkedIn. He played a key role in the successful launch of the Cybertruck program and ramping up production. With the departure of key executives like Renjie Zhu, questions arise about Tesla's ability to attract and retain talent. The departure of top talent like Zhu raises concerns about the company's ability to replace experienced individuals. Zhu's departure raises questions about the impact on Cybertruck production. Despite achieving a production rate of 1,000 units per week, the departure of key personnel may affect the production ramp-up. As Tesla continues to undergo significant changes, the departure of key executives like Renjie Zhu raises questions about the company's future direction and its ability to maintain talent.

Elon Musk's $500 Million Investment Elon Musk has announced that Tesla will be spending over $500 million on expanding the Supercharger network this year. This comes after the firing of the entire charging team at Tesla, which has led to speculation about the reasons behind the move. Implications of the Investment The investment will result in the creation of thousands of new chargers this year, with a focus on adding chargers to existing stations. This significant financial commitment is a clear indication of Tesla's dedication to the expansion of its charging infrastructure. Challenges Ahead Despite the substantial investment, there are concerns about the potential slowdown in Supercharger deployment in the coming months. The recent restructuring and layoffs at Tesla have raised questions about the impact on ongoing projects and the recruitment of new talent for the charging team. Conclusion Elon Musk's decision to invest $500 million in the Supercharger network demonstrates Tesla's ongoing commitment to electric vehicle infrastructure. However, the recent organizational changes and challenges highlight the complexities involved in scaling up charging infrastructure.