The Trump Administration Says Ending the EV Tax Credit Will Save Taxpayers $2.5 Billion, Automakers Want it Extended

The Trump administration’s new budget proposal is seeking to eliminate the federal EV tax credit on the purchase of electric and hybrid vehicles in the U.S. Critics say the move will cause electric vehicles sales in to fall in the U.S.

Eric Walz2019-03-13 17:44 PT

Tesla Reverses Decision to Shut Down All of its Retail Stores, Will Keep Some Open & Raise Prices

Last week, Tesla CEO Elon Musk made a surprising announcement the the electric automaker would close all of its retail locations and move vehicle sales to online-only in a cost cutting move. Now Tesla is backtracking on its decision. Tesla said it will keep half of its retail locations open and raise prices by 3 percent for its high-end models.

FutureCar Staff 2019-03-11 14:29 PT

State-Owned Shanghai Construction Group To Build Tesla’s New China GigaFactory

Electric automaker Tesla is getting a big helping hand from the Chinese government to build its new Gigafactory 3 in China. State-owned Shanghai Construction Group (SCG) will build the first phase of Tesla’s assembly factory in Shanghai.

FutureCar Staff 2019-03-07 13:04 PT

Tesla Unveils V3 Superchargers That Can Add 75 Miles of Range in 5 Minutes

Electric automaker Tesla announced its next-generation Superchargers on Thursday. The company said the new Superchargers can add 75 miles of range to a Tesla Model 3 in just 5 minutes.

Eric Walz2019-03-07 00:48 PT

Tesla Begins Taking Orders for the $35,000 Base Model 3

Tesla has opened orders for the long-awaited $35,000 version of the Model 3. Customers can order the car beginning today. Tesla’s website says the $35,000 “standard range” Model 3 would be delivered within 2 to 4 weeks.

FutureCar Staff 2019-02-28 18:57 PT

Tesla Delivers the First Model 3's to China Ahead of Schedule

State-funded Chinese news site The Paper reported on Friday that a cargo ship carrying more than 1,600 Tesla Model 3 vehicles had arrived in Shanghai. Tesla initially hoped to launch the Model 3 in China sometime in late March, so the automaker remains ahead of schedule.

FutureCar Staff 2019-02-22 17:59 PT

Consumer Reports Drops its Tesla Model 3 Recommendation Over Quality Issues

Tesla’s rush to deliver the new Model 3 sedan to customers may have led to quality control problems at the automaker’s Fremont, California assembly plant. Consumer Reports criticized the reliability of the company’s new Model 3 sedan and dropped it from its list of recommended vehicles for consumers.

FutureCar Staff 2019-02-21 17:15 PT

The Hyundai Kona Electric Named Best EV of 2019 by Edmunds

The Hyundai Kona, the first electric SUV from the South Korean automaker, keeps racking up accolades from the automotive industry. The compact SUV was named the Edmunds Editors’ Choice for best EV of 2019.

FutureCar Staff 2019-02-12 13:47 PT

Tesla Inches Closer to $35,000 Model 3, Reduces Price for Sedan

Tesla is hoping to cancel out the effects of the loss of federal tax credits by slashing the Model 3’s price tag by an extra $1,100.

Vineeth Joel Patel2019-02-07 06:00 PT

Tesla Begins Taking Orders for a Lower-Priced Model 3 in China

Customers in China looking to purchase a Tesla Model 3 can place their orders beginning today. Electric automaker Tesla said it will start taking orders in China for a lower-priced version of its mass-market electric car.

FutureCar Staff 2019-02-01 13:46 PT

Tesla CEO Elon Musk Provides Updates in Q4 Earnings Call

Tesla CEO Elon Musk had much to say on today’s Q4 earning call. He opened Wednesday’s call by saying that “Last year was definitely the most challenging year in Tesla’s history, but also the most successful.”

FutureCar Staff 2019-01-30 18:07 PT

Saudi Arabia’s Public Investment Fund Hedges its Stake in Tesla

Saudi Arabia’s Public Investment Fund (PIF) has cut its exposure to electric carmaker Tesla Inc. The move is a sign that the PIF is concerned about Tesla’s long-term profitability.

Eric Walz2019-01-28 11:32 PT

Tesla Reducing Production Hours for the Model S & Model X

Electric automaker Tesla is cutting production hours for the Model S sedan and Model X SUV, a move which raised concerns about falling demand for the company’s most profitable models.

FutureCar Staff 2019-01-23 14:21 PT

Tesla to Cut 7% of its Workforce to Help Lower the Costs of Model 3 Production

Electric automaker Tesla, fresh off its best sales year in the company’s history, announced today it will lay off about 7 percent of its full-time workforce. Tesla CEO Elon Musk said the move is necessary to help lower the costs associated with production of the Model 3

Eric Walz2019-01-18 11:59 PT

Tesla Announces Price Cuts & Record Output While Stock Slips on Expected Falling Demand

Electric automaker Tesla said it is cutting prices of the Model 3, Model S and Model X SUV by $2,000. Tesla’s surprise announcement weighed on the stock, pushing it down nearly 7 percent, as investors see it as a sign that Tesla may experience softer demand for the Model 3 going forward as the $7,500 federal EV tax credit is halved.

FutureCar Staff 2019-01-02 18:32 PT

Tesla Facing Sales Slowdown as the $7,500 Federal EV Tax Credit Ends Jan 1

Now that Tesla has reached sales of 200,000 electric vehicles, the $7,500 federal EV tax credit offered to buyers is being cut in half to $3,750 beginning Jan 1.

Eric Walz2018-12-31 10:05 PT

Tesla Registers Financial Leasing Unit for Construction of Shanghai Gigafactory

Electric automaker Tesla is putting the pieces in place for its first factory in China. Reuters reported that the U.S. automaker has registered a financial leasing company in Shanghai’s free trade zone.

FutureCar Staff 2018-12-27 10:29 PT

General Motors Pushes to Retain the $7,500 EV Tax Credit

General Motors is fighting to retain a valuable $7,500 electric vehicle tax credit as the company deals with the political fallout triggered by its recently announced plan to shutter several U.S. assembly plants and cut thousands of jobs. The EV tax credit is designed to promote the adoption of electric vehicles.

Eric Walz2018-12-10 17:27 PT

Tesla Aims to Begin Electric Vehicle Production in Shanghai By Next Year

Tesla is on a rapid pace to get its Shanghai Gigafactory up and running. The electric automaker has opened a tender process to build its Shanghai Gigafactory and at least one contractor has started buying materials.

FutureCar Staff 2018-12-06 16:08 PT

Tesla Begins Taking Model 3 Reservations in China

Electric automaker Tesla has opened reservations in China to purchase the Tesla Model 3. Beginning today, customers in China can reserve their Model 3 with a deposit of 8,000 yuan ($1,153.60), according to Tesla’s China website

Eric Walz2018-11-16 11:32 PT