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The Latest Breaking News on Electric Vehicles

Doubled rebate makes Qld most generous state on EVs

Queensland has doubled the subsidy for people who buy electric vehicles with a new purchase price of up to $68,000 with a $6000 rebate on offer.

AAP

Tesla sinks as Musk eyes more price cuts despite margin squeeze

Tesla Inc. shares slid the most in more than three months after Elon Musk indicated his company will keep cutting prices to stoke demand even after markdowns early this year took a significant toll on profitability.

Tribune News Service

Elon Musk's $55.8 Billion Blowup Boosts Mark Zuckerberg's Gain

Tesla's disappointing earnings report cost investors big time — including Elon Musk. But one person gained from the pain.

Investors Business Daily

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Changan to invest B9.8bn in EV factory

Chinese carmaker Changan Automobile looks set to become the latest electric vehicle (EV) investor in Thailand after announcing a 9.8-billion-baht investment to develop a range of models here.

Bangkok Post

Stock Market Today: Stocks Struggle After Tesla Earnings, Economic Data

Signs that consumer demand is weakening and the economy is slowing weighed on the major indexes Thursday.

Kiplinger

Tesla Clings to Key Support as Shares Go in Reverse After Earnings

Tesla stock is clinging to a key support level after the electric-vehicle leader's earnings report. Here's are the levels investors should know.

The Street

Tesla Supercharging Network: 269 Stations Added In Q1 2023

During the first quarter of 2023, Tesla slightly increased the expansion rate of its Supercharging network around the world, compared to Q1 2022.

InsideEVs

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Ford Teases Puma Electric SUV, Which May Not Be Coming To The US

Ford CEO Jim Farley tweeted a teaser of the new Puma EV, along with a look at three other EVs it has or will release in Australia ahead of the end of next year.

InsideEVs

Dow Jones Gobsmacked As Tesla Eyes 150, Microsoft Dumps Twitter, Adding To Elon Musk Woes

Musk's commitment to lower EV prices and rapid growth that could severely impact profits: Analyst.

Investors Business Daily

Volkswagen Confirms Full $7,500 Credit For The 2023 ID.4

Volkswagen announced that the 2023 model year Volkswagen ID.4, assembled in Tennessee, is eligible for full $7,500 federal tax credit in 2023.

InsideEVs

Tesla Provides Cybertruck Updates, Production Line Images

Elon Musk has been promising the Cybertruck is finally coming to market this year, but there are many missing details. Tesla did share production line images.

InsideEVs

Stock markets slip on auto woes, economy fears

New York (AFP) - Global equities mostly slid Thursday on auto sector woes and economic fears about the prospect of more interest rate hikes aimed at cooling high inflation.

AFP

Tesla Cybertruck Handover Event Expected In Q3 2023: Elon Musk

Elon Musk also said Cybertruck reservation holders are likely to get an update on the truck's specifications and pricing at the delivery event.

InsideEVs

Ford F-150 Lightning Going Global, Coming To Norway In 2024

In response to "overwhelming public demand" from Norwegian consumers, the F-150 Lightning will reach Norway next year as a special Lariat Launch Edition model.

InsideEVs

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The Street

Tesla Stock Tumbles As Elon Musk Stresses Sales Growth Over Profits After Q1 Earnings

"We’re taking a view that pushing for higher volumes and a larger fleet is the right choice here versus a lower volume and higher margin," said CEO Elon Musk.

Wales Online

Interest in electric cars drops two thirds in a year

New EVs are an average of 37% more expensive than petrol and diesel cars

The Guardian - AU

Electric vehicle sales in Australia overtake petrol-driven cars in medium category for first time

Sales of battery EVs overtook conventional petrol hybrids in all categories, according to peak motoring body. ‘The shift is on,’ director says

AAP

New electric vehicle discount to cut $2500 off loans

A $40 million program will cut the price of electric vehicle loans for some buyers in a new national scheme.

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The Independent UK

Interest in new electric cars slumps, figures show

Auto Trader said the market is being hampered by a lack of affordable choices.

Tribune News Service

Tesla misses estimates as price cuts squeeze profit margins

Tesla Inc. missed first-quarter profit estimates after a series of price cuts designed to boost demand squeezed margins.

AFP

Tesla profits fall on vehicle price cuts sending shares down

New York (AFP) - Tesla reported a drop in first-quarter earnings Wednesday as price cuts at Elon Musk's electric vehicle company boosted demand but hit profit margins.

ABC News

EV experts say Australia will rapidly adopt electric vehicles — as long as the government gets its CO2 standard right

Electric vehicle experts and industry say a fuel efficiency standard will rapidly bring more EVs onto Australian roads, but they differ on how aggressive the government should pursue emissions reduction.

InsideEVs

First-Time Tesla Semi Driver From Pepsi Shares Details

A driver of a Tesla Semi wearing Pepsi branding was parked in a neighborhood and answered some questions about his first day driving the EV.

InsideEVs

Rivian To Open Its EV Charging Network To The Public

Rivian is following Tesla by deploying a proprietary network of DC fast chargers and Level 2 chargers, and it's moving more quickly than you might expect.

Motor1

2022 Hyundai Kona Electric Review: The Lame Duck Still Has Some Moves

With 258 miles of range and 290 pound-feet of torque, the outgoing Kona Electric is still worth considering.

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