VW’s ID.3 Seen as Direct Challenge to Tesla’s Supremacy in Electric Market
Volkswagen AG is about to find out whether consumers will back its 30 billion-euro strategy to topple Tesla Inc. as the electric-car leader. The German auto giant is taking 1,000-euro deposits to secure one of the first in a new range of battery-powered models.
Bill Aims to Boost Electric-Car Battery Mineral Production
A group of U.S. senators is introducing legislation to boost domestic production of “critical minerals” that are often imported from China to make electric car batteries.
Electric Cars, Solar Compete for Same Parts
Electric vehicles and solar tend to get lumped together as partners in the climate-friendly push to phase out fossil fuels. Now they’re competing head-to-head for high-tech components that have been in short supply.
Tesla CEO Elon Musk Correctly Called European Slump for April
Tesla Inc.’s deliveries in key European markets slumped in April after booming the previous month, lending credence to CEO Elon Musk’s prediction for “lumpy” results.
VW Creates Buzz Before EV Launch
Volkswagen AG is seeking to create buzz months before deliveries start for its first ID. electric car, following the footsteps of Tesla Inc.’s Elon Musk, whose promotion of the Model 3 generated reservation lines around the block.
Tesla to Raise $2 Billion to Counter Cash Drain
Tesla Inc. plans to raise about $2 billion through debt and stock offerings, after CEO Elon Musk overestimated the ability of the Model 3 sedan to generate enough cash for the company to be self-sustaining.
Tesla Reintroduces Lower-Priced Model S After Deliveries Drop
After a record decline in vehicle deliveries in the first quarter, Tesla Inc. is introducing lower-priced versions of several models, effectively offering consumers a discount.
Ford Partnership With EV Manufacturer Rivian Includes $500 Million Funding
Ford Motor Co. will invest $500 million in Rivian Automotive Inc., aligning the maker of the industry-leading F-Series pickup line with an upstart that’s electrifying gas-guzzling trucks and SUVs
CEO Elon Musk Makes Self-Driving Technology Tesla’s Costly New Calling
Tesla Inc.’s calling used to be bringing affordable electric cars to the masses. Elon Musk is now ripping up the script, vowing to pair self-driving technology with a sharing service that will make it crazy for consumers to buy other cars.
Toyota Sees Electric Cars ‘Down the Road,’ but Future is Now for VW
Toyota Motor Corp. may have kicked off the green-car movement with its Prius hybrid more than 20 years ago, but the company is not nearly as bullish as rivals about the American consumer embracing EVs.