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Industry Analysis: It’s Now or Never for U.S. Automakers General Motors & Ford to Catch Up to Tesla

Industry Analysis: It’s Now or Never for U.S. Automakers General Motors & Ford to Catch Up to Tesla

As the shares of electric automaker Tesla soared since the beginning of the year, the company’s market capitalization surpassed both General Motors and Ford combined, which is an amazing accomplishment for the 17-year-old automaker. However, even before Tesla’s recent stock surge, it was still worth more than both GM and Ford individually, two legacy automaker’s with a 100-year head start on Tesla, leaving them struggling to catch up.

Eric Walz2020-02-15 07:00 PT

The NHTSA Will Review a Petition to Investigate Sudden Acceleration Complaints on Tesla Vehicles

The NHTSA Will Review a Petition to Investigate Sudden Acceleration Complaints on Tesla Vehicles

The National Highway Traffic Safety Administration (NHTSA) said Friday it will review a petition asking the agency to formally investigate and recall 500,000 Tesla electric vehicles, including the Model 3, over sudden acceleration reports. The petition covers the 2012 through 2019 model year Tesla Model S, 2016-2019 Tesla Model X SUV, and the 2018-2019 Tesla Model 3.

Eric Walz2020-01-17 14:00 PT

EV Startup Lucid Motors to Reveal a Near Production Version of its Ultra-Luxurious Air Sedan at the NY Auto Show

EV Startup Lucid Motors to Reveal a Near Production Version of its Ultra-Luxurious Air Sedan at the NY Auto Show

​California-based electric vehicle startup Lucid Motors announced that an “almost production ready” version of the Air will be on display at the New York Auto Show in April. Lucid will also share production specifications, available configurations, and pricing information for the first time in April.

Eric Walz2020-01-15 10:30 PT

Elon Musk Confirms Higher Capacity Battery Packs for the Tesla Model S/X Plaid Variants

Elon Musk Confirms Higher Capacity Battery Packs for the Tesla Model S/X Plaid Variants

Elon Musk announced this week that Tesla plans on using higher capacity battery packs for the Tesla Model S and Model X Plaid variants.

Manish Kharinta2019-11-09 12:30 PT

Tesla Reports a Record Quarter, Delivering 97,000 Electric Vehicles

Tesla Reports a Record Quarter, Delivering 97,000 Electric Vehicles

Today, the California automaker Tesla reported Q3 deliveries of 97,000 vehicles, making it the biggest delivery quarter since the automaker went public in June of 2010.

Eric Walz2019-10-02 16:30 PT

Elon Musk Says He’s Bringing a Model S to Nurburgring to Challenge the Porsche Taycan's Record Time

Elon Musk Says He’s Bringing a Model S to Nurburgring to Challenge the Porsche Taycan's Record Time

To coincide with the Taycan debut, Porsche boasted that a prototype version of the electric Taycan “conquered” the legendary Nürburgring-Nordschleife racetrack in Germany with a record time of 7 minutes and 42 seconds. Now Elon Musk says he's bringing a Tesla Model S to the world famous track to challenge the Taycan's lap time.

Eric Walz2019-09-06 16:55 PT

Porsche Officially Debuts its Electric Taycan, its Competitor to the Tesla Model S

Porsche Officially Debuts its Electric Taycan, its Competitor to the Tesla Model S

German automaker Porsche officially unveiled its fully-electric Taycan sedan, a car expected to become a serious rival to the Tesla Model S for those with the money to spare. The Porsche Taycan’s world premiere took place simultaneously in North America, China and Europe, three of the most important sales markets for the new electric sports car.

Eric Walz2019-09-04 13:00 PT

Tesla Autopilot Was Engaged in 2018 California Crash; Driver's Hands Off Wheel: NTSB

Tesla Autopilot Was Engaged in 2018 California Crash; Driver's Hands Off Wheel: NTSB

The National Transportation Safety Board (NTSB) said on Tuesday that a Tesla Model S was in Autopilot mode and the driver’s hands were off the wheel when it struck a fire truck in Culver City, California.

FutureCar Staff 2019-09-04 06:00 PT

Tesla is Once Again Raising Prices in China as the Sino-U.S. Trade War Drags On

Tesla is Once Again Raising Prices in China as the Sino-U.S. Trade War Drags On

U.S. electric vehicle maker Tesla Inc will raise prices in China on Friday, earlier than planned, and is considering increasing prices again in December should Chinese tariffs on U.S.-made cars take effect.

FutureCar Staff 2019-08-26 15:15 PT

Tesla Owner Files Lawsuit Claiming the Automaker Reduced the Battery Power of the Model S

Tesla Owner Files Lawsuit Claiming the Automaker Reduced the Battery Power of the Model S

A Tesla owner has filed a lawsuit against the electric vehicle maker, claiming the company limited the battery range of older vehicles, including his own Model S, via a over-the-air software update. The plaintiff said his 2014 Tesla Model S85 lost battery capacity equivalent to about 8 kWh but was told by Tesla the degradation was normal, the lawsuit says.

FutureCar Staff 2019-08-09 17:05 PT

Tesla Drops its Lower-Priced Model S, X Variants, Cuts Price of Model 3 Sedan

Tesla Drops its Lower-Priced Model S, X Variants, Cuts Price of Model 3 Sedan

In order to streamline its pricing strategy and boost sales of its lineup, Tesla CEO Elon Musk announced that the lower priced variants of the Model X and S will be discontinued. Along with the changes, Tesla announced that it is adjusting prices across the board to simply options for customers.

FutureCar Staff 2019-07-16 13:54 PT

Tesla Delivers a Record Number of Electric Vehicles in the Quarter

Tesla Delivers a Record Number of Electric Vehicles in the Quarter

Electric automaker Tesla just posted its biggest delivery quarter ever. The company reported that it delivered 77,550 Model 3s in the second quarter, easily beating Wall Street expectations amid concerns about dwindling demand for its electric vehicles.

FutureCar Staff 2019-07-03 07:30 PT

Tesla Says Battery Module to Blame For Car Fire in Shanghai

Tesla Says Battery Module to Blame For Car Fire in Shanghai

Electric vehicle (EV) maker Tesla said on Friday that a single battery module caused a Model S sedan to catch fire in Shanghai and it had revised its vehicle settings to further protect its batteries.

FutureCar Staff 2019-06-28 06:00 PT

Consumer Reports Says Tesla’s Autopilot Performs Worse Than a Human Driver

Consumer Reports Says Tesla’s Autopilot Performs Worse Than a Human Driver

Consumer watchdog organization Consumer Reports (CR) recently conducted its own test of Tesla’s new “Navigate on Autopilot” update and concluded that it doesn’t work as well as Musk claims. In fact, using it could be a potential safety risks for drivers.

Eric Walz2019-05-22 12:22 PT

Tesla Reports Q1 Loss of $702 Million, CEO Elon Musk Says the Company Will Return to Profit in Q3

Tesla Reports Q1 Loss of $702 Million, CEO Elon Musk Says the Company Will Return to Profit in Q3

Tesla CEO Elon Musk got a dose of reality as the electric automaker announced its 2019 first quarter earnings. The electric automaker posted a $702 million dollar loss or $4.10 per share amid slowing demand for the Model 3 and difficulties delivering the company’s first mass-market car to customers.

FutureCar Staff 2019-04-24 18:59 PT

EV Startup Lucid Motors Appoints Former Tesla VP of Vehicle Engineering as CEO

EV Startup Lucid Motors Appoints Former Tesla VP of Vehicle Engineering as CEO

Luxury electric vehicle startup Lucid Motors today announced that its Board of Directors has appointed current CTO Peter Rawlinson as CEO, effective immediately. Rawlinson formally served as Vice President of Vehicle Engineering and Chief Engineer of the Tesla Model S, working under Elon Musk.

Eric Walz2019-04-23 11:31 PT

Tesla Stock Falls After Vehicle Deliveries Drop 31% in Q1

Tesla Stock Falls After Vehicle Deliveries Drop 31% in Q1

Electric automaker Tesla released its Q1 production numbers and vehicle deliveries yesterday showing a significant drop from Q4 2018. The automaker reported deliveries of 63,000 vehicles in the quarter, which is a jump of 110 percent from the same quarter last year, but 31 percent lower than Q4 2018.

FutureCar Staff 2019-04-04 12:22 PT

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

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

Tesla CEO Elon Musk Provides Updates in Q4 Earnings Call

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

Porsche Taycan Owners to Get 3 Years of Free Charging from Electrify America

Porsche Taycan Owners to Get 3 Years of Free Charging from Electrify America

Owners of the upcoming Porsche Taycan, the automaker’s first fully electric luxury sedan, are getting a sweet deal on charging—it will be free for three years.

FutureCar Staff 2019-01-28 14:40 PT

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