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The Latest Breaking News on Electric Vehicles

Losses slashed at Jaguar Land Rover as chip supply issues ease

JLR said that as a result of its 'strong cashflow', its net debt reduced to £3bn

Birmingham Post

Tesla Launches Cybertruck Raffle As Part Of Revamped Referral Program

Tesla is offering a free Cybertruck as part of raffle that marks the introduction of a revamped referral program.

InsideEVs

Rivian Betting On High R1S And R1T Prices Even As Competition Rises

Rivian CEO RJ Scaringe made his position clear on the earnings call earlier this week, saying that the company's "flagship" pricing isn't going anywhere.

InsideEVs

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Tesla’s Quarter 1 Profits Down Amid The Price Tag Cuts In Their Best Selling Models

Discounts offered by Tesla gave mixed results as the price cut implement to stimulate demand as it walks a tight rope on margins.

Zenger

Tamil Nadu clinches ₹20,000-crore deal with Hyundai

Korean automobile major Hyundai Motor India Limited has announced that it will invest ₹20,000 crore over the next 10 years in Tamil Nadu, popularly known as the ‘Detroit of India’, to modernise vehicle platforms and expand its presence in the electric vehicle space

The Hindu

Tesla Cuts Prices On Supercharging In Europe By Up To 25%

Tesla went from a company that was on the brink of bankruptcy to one that can cut prices with little concern. Cheaper Supercharging is underway in Europe.

InsideEVs

Tesla Expanding 4680 EV Battery Cell Facility On Kato Road

InsideEVs

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Analyst Forecasts Tesla Shares Will Reach $280 In A Year

Tesla’s stock has dropped some in the weeks since the automaker’s Q1 2023 earnings call, with some concerns about slowed inventory turnover and price cuts.

InsideEVs

Highway Code changes coming into force this month including fuel rule that could land drivers £100 fine

The rule on running out of fuel while on the road has now been extended to cover electric vehicles and could also see motorists slapped with three points on their licence

Chronicle Live

Drivers warned over little-known fines including £80 penalty for throwing apples out window

There are a number of road rules that motorists may unknowingly break every now and then including smoking in your car and littering while out on the road.

Daily Record

UPDATE: Fisker Pear EV Delayed To 2025, Will Start From Less Than $30,000

The California-based EV startup initially said that the Pear will go into production in 2024 at the Foxconn-owned factory in Ohio where the Lordstown Endurance electric pickup is currently being made.

InsideEVs

Toyota forecasts 10% rise in annual profit, robust EV sales

TOKYO: Toyota Motor Corp on Wednesday said it expects operating profit to climb 10% this business year, with a five-fold jump in pure electric vehicle (EV) sales amid an easing in global supply chain disruption from a shortage of chips.

Bangkok Post

BMW observes growing corporate demand for EVs

BMW Group Thailand has recorded a growing preference for electric vehicles (EVs) among its corporate customers, with EV sales in this group increasing by 11.9% year-on-year in the first quarter of 2023.

Bangkok Post

Avoid These 3 Auto Stocks Watched by Robinhood Investors

With interest rates riding high and recession fears in the air, automakers are struggling to keep up. Given lackluster results and a possible slowdown in the Electric Vehicle (EV) market, avoiding fundamentally weak stocks NIO Inc. (NIO), Lucid Group (LCID), and Rivian Automotive (RIVN) could be wise. Let’s discuss….

StockNews.com

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InsideEVs

Most US Dealers Don't Have Any EVs & Almost Half Refuse To Sell EVs: Report

A Sierra Club report looks at the EV shopping experience in the US, and it appears it's far from positive. However, at least there's some hope in the findings.

StockNews.com

2 Must-Have Auto Stocks for Investors

Due to lucrative government initiatives and growing demand for Electric Vehicles (EVs), the auto industry is poised to thrive in the foreseeable future. Given the significant prospects of the industry, auto stocks Advance Auto Parts (AAP) and Allison Transmission (ALSN) might be solid additions to one’s portfolio. Read on.

InsideEVs

Tesla Contacted By Senators Regarding Its Arbitration Clauses

Seven Democratic Senators sent a letter to Tesla about the way it handles worker and customer complaints. It wants Tesla to stop using arbitration agreements.

InsideEVs

Fisker Cuts 2023 Production Forecast On Underwhelming Q1 Results

Fisker's first-ever revenue-generating quarter was disappointing with only $198,000 in revenue and a wider-than-expected loss of $120.6 million.

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Irish Mirror

Handy car gadget sold to Irish motorists recalled over burn fears

People are being warned to stop using the product immediately

Evening Standard

Rapid electric car charge points get green light in south and west London

The first of 100 rapid electric chargers promised by Mayor Sadiq Khan for taxis, business vehicles and emergency vehicles will be built in south and west London, it was announced today.

InsideEVs

Rivian Maintains 2023 Output Target As It Posts $1.35B Net Loss In Q1

Rivian's Q1 total revenues of $661 million beat Wall Street estimates, but the EV startup continues to burn through cash, posting a $1.35 billion net loss.

ABC News

Transport industry to feel the pinch as heavy vehicle road user charge slated to rise

With roads in disrepair across the country, the federal government is raising the heavy vehicle road user charge to help pay for the damage. But transport operators warn the cost will eventually fall to consumers.

InsideEVs

Video Shows Tesla Cybertruck Stuck In A Field In Rural Texas

A video shot by a Twitter user shows a Cybertruck stuck in the mud in a field in rural Texas, which could raise some eyebrows among those expecting the electric truck to be flawless off the beaten track

Edinburgh Live

Highway Code changes come into force as drivers face £100 fuel fine

A number of changes and proposed law updates are being implemented in the coming weeks and months, which drivers should be aware of if they want to avoid a fine.

StockNews.com

Best Auto Stock to Rev up Your Portfolio

Commercial Vehicle Group’s (CVGI) shares have delivered solid returns despite the market volatility. Moreover, the company is growing rapidly with improving profitability. So, investors could consider loading up CVGI shares. Let’s look at some of its key metrics.

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