That helps explain why Tesla’s stock price has rocketed $100, or about 25%, since the start of the year. Tesla still struggles to make a profit, with losses every year since the stock went public in 2010. And deliveries of its older Model S and Model X luxury cars are down three years running, with a precipitous 33% decline in 2019, to 66,600. But the Model 3 was once again the best-selling compact luxury car model from any automaker — remarkable considering the small share of EVs in total car sales. … [Read more...] about Car buyers shun electric vehicles not named Tesla. Are carmakers driving off a cliff?
Nice looking 1 2 cars
Former Gov. Jerry Brown laid out a target of 5 million electric cars in the state by 2030 and 250,000 charging stations by 2025. Utilities such as PG&E had intended to play a key role in building out the charging infrastructure — a rare new market opportunity in a business whose growth is otherwise constrained by regulation. … [Read more...] about PG&E bankruptcy plan threatens California’s electric car goals
In the other Tesla crashes that NHTSA is investigating, authorities are trying to determine whether the cars were operating on Autopilot, a system designed to keep a car in its lane and a safe distance from other vehicles. Autopilot also can change lanes on its own. … [Read more...] about NHTSA looking into Tesla unintended acceleration crash complaints
Cook didn’t reveal what Apple had planned from a product perspective, but said that the world of electric cars, self-driving cars and ride-sharing services are all converging, and that he sees a major disruption looming there. He added that autonomy is a core technology that has other purposes, and Apple will see where it takes it. … [Read more...] about Apple’s Tim Cook calls autonomous car tech ‘the mother of all A.I.’
Fiat Chrysler currently builds several vehicles in China for regional sales, including the plug-in hybrid Jeep Grand Commander, through a joint venture with Chinese automaker GAC. Meanwhile, PSA Group, with which Fiat Chrysler is currently planning to merge, also manufactures Citroen and Peugeot models in the country. … [Read more...] about Fiat Chrysler and iPhone-maker Foxconn to team up on electric car in China