New auto brands and models are bursting onto the EV market after years of dominance by Tesla, Chevrolet and Nissan, among the small number of early adopters. New-vehicle registration data from Experian for the first half of 2022 shows Polestar — with its Polestar 2 model — making an appearance in the top 10 alongside
Tesla Inc. will regain access to federal EV tax credits next year following President Joe Biden’s signing of the Inflation Reduction Act, but the electric vehicle maker already has more demand than it can handle, according to CEO Elon Musk. Tesla, General Motors and more recently Toyota are the only automakers to exhaust their quota
Tesla’s U.S. new-vehicle registrations grew 61 percent in the first half of the year, easily beating BMW for the top spot among luxury automakers, regardless of fuel type. All major luxury brands except Tesla and Genesis posted lower first-half registrations, according to new data from Experian. But there was a bright spot for legacy automakers
Two years ago, Tesla CEO Elon Musk took the stage during the automaker’s “battery day” presentation to unveil a breakthrough battery cell designed to significantly increase range, reduce production costs and enable power-hungry future products like the Cybertruck pickup and Semi cargo hauler. But despite Musk’s 2020 prediction that Tesla would be producing enough of
Vietnamese automaker VinFast is opening its first U.S. showrooms in California shopping centers next week on its way to 30 company-run retail locations in the state by year end. VinFast has chosen Santa Monica, San Diego, San Mateo, Corte Madera, Commerce and Berkeley for its first six showrooms, the company said in an email invitation
Tesla Inc. fans and supporters in the financial community are calling on Elon Musk to stop divisive political attacks and walk away from his contentious Twitter acquisition for the long-term health of the automaker. The calls come as Tesla’s stock price plummets with the rest of the market and the controversial CEO steps up his
Hyundai Motor Group has offered battery-electric vehicles in the U.S. since the middle of the last decade. Using shared platforms with gasoline-powered siblings, Hyundai and Kia EVs have been popular for their relative normality compared with the quirky designs of rivals such as the Chevrolet Bolt and Nissan Leaf. But the Hyundai and Kia electrics
