With a pandemic, massive unemployment, riots, and the threat of Tesla, legacy auto hasn’t exactly been having the best year. Unfortunately banks are starting to notice, and aren’t afraid to kick the auto industry while they’re down to try and save their own balance sheets. Wells Fargo dropped this bomb on the auto industry earlier […]
The first half of 2020 has been trying for almost everyone, and that includes legacy auto. As if production and supply chain issues weren’t enough, many stealerships dealerships across America have been vandalized and attacked. In many cases cars were destroyed, crashed, or stolen. Whitney McDonald and Krystal Hur have the story at Automotive News: […]
In July of 2016, right before the election that would transform the federal government, Obama’s Department of Energy launched the Battery500 consortium. The goal was to provide funding and resources to a group of top universities and institutions to figure out how to create a next generation battery cell. The reason the project was started […]
Did you ever think you’d live to see the day when electric vehicles would begin outselling all of their polluting competition? Well, if you live in places like Norway or California, that day is today. CleanTechnica is now reporting (based on data from the California New Car Dealers Association) that the Tesla Model 3 managed […]
Ben Franta, a Stanford PhD student, has some unfortunate news for us on Twitter. This morning, Ben attended a meeting of the Stanford University faculty senate as they prepared to vote on whether they would recommend divestment from fossil fuels to the board of trustees. Surprisingly, “They voted overwhelmingly to *keep* investing in fossil [fuel]s”. […]
Katherine Blunt has some good news at the Wall Street Journal: The U.S. consumed more renewable energy than coal last year for the first time since 1885, according to the Energy Information Administration. The inflection point mainly reflects a steep drop in the use of coal as source of electricity, as well as steady growth […]
Very helpful translation. Read the post at Daring Fireball
Simon Alvarez has the latest on the Mercedes-Benz EV, the EQC: The Mercedes-Benz EQC, a vehicle once considered as a potential “Tesla Killer” and a legitimate threat to the Model X, has reportedly sold less than 700 units in its home country since it was launched. This was according to data from Germany’s Federal Motor […]
Our friends at Zoox, the startup that recently settled a lawsuit for stealing trade secrets from Tesla, are out of money. Self-driving is a capital intensive business. Many have been wondering who would bite the bullet and buy them out, and now Cara Lombardo and Tim Higgins have a report in the Wall Street Journal […]
Effective immediately, Tesla has dropped the price to order a Model S, Model 3 or Model X. Model Y prices don’t appear to have changed. My guess is this move was made in response to a slower economy, reduced battery costs, and more orders for the Model Y than the company is able to produce. […]
