Tesla has issued a voluntary recall for its Class 8 all-electric semi trucks, according to a notice by the National Highway Traffic Safety Administration (NHTSA) posted on March 24. The recall is due to faulty parking brake valve modules manufactured by one of the electric vehicle maker’s suppliers. The 35 semi trucks potentially affected by…
Tesla Sales Rise 36 Percent in First Quarter, Following Price Cuts
DETROIT—Tesla’s first-quarter vehicle sales rose 36 percent after the company cut prices twice in a bid to stimulate demand. The electric car, SUV, and heavy truck maker said it delivered 422,875 vehicles worldwide from January to March, up from just over 310,000 a year ago. But the increase fell short of analyst estimates of 432,000…
Elon Musk Seeks to End $258 Billion Dogecoin Lawsuit
NEW YORK—Elon Musk asked a U.S. judge on Friday to throw out a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the cryptocurrency Dogecoin. In an evening filing in Manhattan federal court, lawyers for Musk and his electric car company Tesla Inc. called the lawsuit by Dogecoin investors a “fanciful…
The US Inflation Reduction Act of 2022 Boosts EV Demand and Supply-Chain Manufacturing
President Joe Biden’s 2022 Inflation Reduction Act (IRA) is igniting a growing demand for new and used electric vehicles (EVs). It also incentivizes manufacturers across the entire EV supply chain with credits when they build new or retool existing facilities for EV manufacturing inside the United States. Taiwan’s Foxconn, the global leader in smart manufacturing,…
US Opens Investigation Into Tesla Seat Belts Coming Loose
DETROIT—U.S. highway safety regulators have opened yet another investigation into problems with Teslas, this time tied to complaints that the seat belts may not hold people in a crash. The investigation by the National Highway Traffic Safety Administration covers an estimated 50,000 Model X SUVs from the 2022 and 2023 model years. The agency says…
Insurers Scrapping Low-Mileage EVs Because of Battery Non-Repairability
Industry experts are warning electric vehicle (EV) makers like Tesla to produce battery packs that are more easily repairable and to provide third-party access to battery cell data, or risk already-high insurance premiums surging further and effectively wiping out the incentives of going electric. EVs have been regularly touted among Americans by the Biden administration amid the president’s…
Mississippi Gov. Signs Bill Enacting Level Playing Field for Electric Vehicle Companies and Traditional Dealerships
March 15, 2023
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Mississippi Gov. Tate Reeves signed a bill requiring electric car companies to sell vehicles through local businesses instead of stores owned by the company. “Almost 200 small businesses in communities across our state are seeking assurances that big manufacturers can’t just destroy their businesses. That’s fair!” Reeves, a Republican, said on social media, adding that…
Tesla’s Next Generation Smaller Car to Operate Mostly Autonomously: Musk
Tesla Chief Executive Elon Musk on Tuesday said that the next generation small car the company is working on would operate mostly in autonomous mode, similar to a promise he made in 2020. On Tuesday he said there was a clear path to delivering a car that cost half as much to build as Tesla’s…
Capitol Report: First Hearing Into COVID Origins on Capitol Hill; Senate Votes to Block DC Crime Bill
What are the origins of COVID-19? And why did the lab leak theory surface only now? These are the questions being asked on Capitol Hill. One of the members asking questions at the hearing is Rep. Debbie Lesko (R-Ariz.), who joins us with key takeaways and with what questions still remain. The deaths of U.S….
Capitol Report: First Hearing Into Covid Origins on Capitol Hill; Senate Votes to Block D.C. Crime Bill
What are the origins of COVID-19? And why did the lab leak theory surface only now? These are the questions being asked on Capitol Hill. One of the members asking questions at the hearing is Rep. Debbie Lesko (R-Ariz.), who joins us with key takeaways and with what questions still remain. The deaths of U.S….
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