The tedious and complicated war between Tesla and the auto dealers continues to drag on. At present, the country is a patchwork—some states explicitly allow Tesla’s direct sales model, some explicitly prohibit it, and in others some sort of compromise has been reached. Tesla recently won an important battle in Michigan, and now it appears… Read more »
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Ford’s electric SUVs and pickups are on the way
One of the biggest roadblocks to greater EV adoption is a lack of electric offerings in the form factors that are most popular with buyers: namely, SUVs and pickup trucks. The Mach-E could turn out to be a good first step towards filling those gaps in the market. Ford invested $500 million in Rivian last… Read more »
Sandy Munro says the Tesla Cybertruck’s unorthodox design makes it cheap to manufacture
Sandy Munro, the auto manufacturing expert who delivered some detailed insights about Tesla’s manufacturing strengths and weaknesses after tearing down a Tesla Model 3, recently made some comments about the upcoming Cybertruck. Of course, Munro hasn’t gotten his hands on an actual Cybertruck (as far as we know, Jay Leno is the first non-employee to… Read more »
Hummer to be reborn as GM electric pickup truck
We’ve often accused the legacy automakers of lacking imagination, but now we see that at least someone at GM has a sense of irony. The company’s first announced electric pickup truck will be called a Hummer. GM will not be reviving the Hummer make, which choked to death in 2010, but will sell the Hummer… Read more »
Tesla Cybertruck may be more aerodynamic than expected – Elon Musk says it could deliver a 0.30 Cd
Once they got over the smashed windows, the next thing many of the Cybertruck’s detractors focused on was its unconventional boxy shape. At first glance, the vehicle surely looks un-aerodynamic, which would be a serious drawback for any EV. However, as more information emerges, it turns out that the Cybertruck’s angular form might be almost… Read more »
Everybody’s talking about Tesla’s Cybertruck
In show business, when you don’t like an act, but you don’t want to say anything negative, you say it’s “interesting.” Well, the word “interesting” is getting a lot of use today, after Tesla unveiled what is definitely its most radical-looking vehicle, and perhaps the most radical-looking production vehicle in automotive history. I think the… Read more »
The important takeaways from Tesla’s earnings coup
Tesla’s earnings announcements often feature big surprises, but this one was a bolt of lightning. The California carmaker earned $1.86 a share in the third quarter, far exceeding even the most optimistic projections (according to Bloomberg, the smart money was expecting a 24-cent loss). Revenue actually came in just short of expectations, at 6.3 billion… Read more »
Is Workhorse’s deal to buy Lordstown plant from GM to build electric pickup too good to be true?
News travels by strange paths these days. The world first learned of a tentative deal for electric truck maker Workhorse to buy GM’s idled Lordstown, Ohio plant via a self-congratulatory tweet by the President of the US. If the deal goes through, it could be a win-win-win-win: Workhorse might receive a windfall like the one… Read more »
Tesla closes on $2.7 billion in new debt and stock offerings
Tesla has a plethora of projects in the pipeline – the Tesla Semi, Model Y, the Tesla Pickup – and making these real will require vast sums of cash – as much as $2.5 billion in capital expenditures this year, according to Bloomberg. So it wasn’t much of a surprise when the company announced last… Read more »
Tough times for Tesla – Q1 earnings report lays out large loss
Tesla had a rough week. In its first-quarter 2019 earnings report, it described a loss of $702 million, or $4.10 per share – quite large even by Tesla’s standards, and greater than the $1.81 per share that Wall Street analysts (surveyed by FactSet) had forecast. Q1 revenue of $4.54 billion also fell short of expectations,… Read more »