General Motors laid off almost 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions.
Read More GM Cuts 1K Jobs In Cost-Cutting Reorganization
Tag: ev
Musk now says it’s ‘pointless’ to build a $25,000 Tesla for human drivers
Musk appears to have backed into an admission that Tesla dropped its plans for a human-driven $25,000 car, saying it would be “pointless” unless the car was fully autonomous.
Read More Musk now says it’s ‘pointless’ to build a $25,000 Tesla for human drivers
Tesla CEO Elon Musk unveils ‘Cybercab’ robotaxi
Tesla CEO Elon Musk showcased on Thursday a long-awaited robotaxi with two gull-wing doors and no steering wheel or pedals and surprised with robovan.
Read More Tesla CEO Elon Musk unveils ‘Cybercab’ robotaxi
Ford Loses $1.3 Billion On Electric Vehicles In First Quarter of 2024
Ford Motor Company reported a loss of $1.3 billion in the first quarter of 2024 on electric vehicles or more than $130,000 for each EV sold.
Read More Ford Loses $1.3 Billion On Electric Vehicles In First Quarter of 2024
Tesla to lay off more than 10% of staff globally as sales fall
Tesla will lay off more than 10% of its global workforce as it grapples with falling sales and an intensifying price war for EVs.
Read More Tesla to lay off more than 10% of staff globally as sales fall
Consumer Demand For Electric Vehicles Drop
Those in the market for a new ride are rejecting over-priced and over-hyped electric vehicle
Read More Consumer Demand For Electric Vehicles Drop