Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tesla’s earnings slightly disappointed last week, but its stock is still valued at nearly 100 times earnings. Does this make sense? And what exactly is Tesla anyway? Today on the show, Rob Armstrong and reporter … Continue reading “The case for Tesla”
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China’s NIO (NYSE: NIO) crossed the 20K delivery threshold for the third straight month in July. Despite intensifying competition, NIO continues to see strong demand in the world’s largest EV market. NIO hits the 20K delivery threshold again in July 2024 NIO delivered 20,498 vehicles last month, its third straight month above the 20K mark. … Continue reading “NIO (NIO) crosses the 20,000 EV delivery mark for the third straight month in July”
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Photo: Volkswagen Commercial Vehicles VW just shared the first photos of the seventh generation of BEV and PHEV Transporter and Caravelle vans, along with lots of spec details. VW Transporter model range Volkswagen Commercial Vehicles now offers the new Transporter and Caravelle, the iconic ID. Buzz, and the versatile Multivan. It’s launching the seventh generation … Continue reading “First photos and details of VW’s new Transporter and Caravelle vans”
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BYD set a new sales record last month with over 342,000 new energy vehicles (NEVs) sold. Although BYD’s EV sales fell slightly in July, PHEVs continued building momentum after setting a new record for the fifth straight month. BYD breaks NEV sales record in July as EV sales slip China’s leading EV maker continued its … Continue reading “BYD sold a record 342K NEVs in July, but EV sales slipped”
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Hertz is accelerating its sales of Tesla vehicles and plans to sell tens of thousand more this year as their value crumbles. Back in 2021, Hertz announced an important effort to electrify its fleet of rental cars, led by a massive purchase of 100,000 Tesla Model 3 vehicles. Later, the company added Model Y vehicles to the … Continue reading “Hertz accelerates sales of Tesla vehicles as value crumbles”
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Tesla’s stock fell by 8% in pre-market trading on Wednesday after the company reported its lowest profit margins in five years. This has highlighted the need for Tesla to introduce more affordable electric vehicles (EVs) to boost sales instead of relying on price cuts. Falling Profit Margins and Market Reaction Tesla’s efforts to increase sales … Continue reading “Tesla Stock Drops as Profit Margins Fall, Emphasizing Need for Cheaper EVs”
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Sunrun, which offers a “clean energy as a subscription” service, is piloting a vehicle-to-home power plant using a small group of customer-owned bidirectional EVs, in partnership with Baltimore Gas and Electric. The project uses Ford F-150 Lightning electric trucks to deliver power to owners’ homes during peak demand times to support Maryland’s power grid. The … Continue reading “Sunrun launches V2H pilot in Maryland using Ford F-150 Lightning electric trucks”
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Prices are up across the board for the Hyundai Kona Electric in 2025, but so is standard equipment. The ’25 Kona Electric also gains a new trim level: the N Line, which gets sporty trim inside and out, to mirror the version that’s sold with a gas engine. Regardless of trim, the electric Kona continues … Continue reading “2025 Hyundai Kona Electric spreads the V2L wealth”
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If you’re seeing more Kia electric cars on the road, it’s not just you. The company set a new EV sales record in July as its first three-row electric SUV gains momentum. With new electrified models like the EV9, Kia is “confident that consumer interest in the Kia brand will continue to strengthen.” Revamping the … Continue reading “Kia ‘confident’ in brand growth after record-breaking EV sales in July, driven by the new EV9”
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Tesla’s stock dropped 10% in early trading on Wednesday following its mixed second-quarter results. Despite the decline, the company confirmed its plan to introduce new, more affordable electric vehicles (EVs) in early 2025. CEO Elon Musk also announced that the robotaxi reveal is now scheduled for October 10, delayed from the initial August 8 date. … Continue reading “Tesla Stock Drops 10% After Mixed Q2 Results; Affordable EVs and Robotaxi Reveal Set for 2025”