02/22/2019

News

Tesla Cuts the Model 3 Price Again

Tesla Inc. cut the price of its mass-market Model 3 sedan for the second time this year, another step in Chief Executive Elon Musk’s quest to drive the sticker price—not counting tax credits and fuel savings—down to $35,000. The Silicon Valley auto maker shaved another $1,100 off the cheapest version of the Model 3, lowering […]

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Here’s how much California is spending to put electric cars on the road

California policymakers are committed to making sure that electric vehicles — and the charging stations and other infrastructure needs associated with them — transform the state’s transportation sector. But it won’t come cheaply. A review conducted by the San Diego Union-Tribune showed various state agencies have committed $2.46 billion in public funds — some of […]

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Cost and Taxes in the Green Economy

The 12th annual Verdexchange Conference kicked off in Los Angeles this week with a discussion on how the recent election results will boost environmental politics and the green economy in California. But in the tradition of the old Rodney Dangerfield joke that, “I went to a fight the other night and a hockey game broke […]

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Tesla offers lower-priced versions of its Model S and X vehicles after cutting production

The lowest priced Model S will now cost $85,000 with software limiting the range of the battery to 310 miles per full charge, while the Model X will start at $88,000 with a range of 270 miles. The “extended range,” “performance” and “performance with ludicrous mode” versions will range from $93,000 to $137,000.

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Hungry for cash, Musk says company can no longer afford free Supercharging for new buyers

Tesla needs more cash. To help keep what it’s got from flying out the door, Chief Executive Elon Musk on Wednesday announced the end of a customer referral program that offers free Supercharging to new buyers. “It’s adding too much cost to the cars, especially the Model 3,” Musk said in a tweet late Wednesday. […]

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Tesla to Slash More Jobs in Effort to Reduce Model 3 Price

Tesla Inc.plans to eliminate 7% of its full-time workforce, the auto maker’s second round of job cuts in a year as it tries to maintain profitability while lowering the price of its Model 3 sedan. The maker of electric vehicles has been jacking up production of the Model 3 while chasing its long-held dream of […]

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Cadillac, Tesla and the Long Road to Cheap Electric Vehicles

On Sunday, the eve of the Detroit auto show, GM unveiled early images of its first electric Cadillac. The company said Friday that its storied luxury brand would launch the first vehicle on its third-generation EV production system. Previous projects, the Volt plug-in hybrid and the Bolt battery car, have taken the Chevrolet badge. GM […]

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Glencore Gave Loans to Businesses Linked to Suspect Congo Dealings

Swiss mining giant Glencore provided nearly $1 billion in loans and advances to companies associated with an Israeli businessman accused of having corrupt ties to government officials in the Democratic Republic of Congo, according to documents reviewed by The Wall Street Journal. The loans, made over a roughly 10-year period starting in 2007, were designed […]

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Congo Opposition Candidate to Challenge Election Results

Democratic Republic of Congo opposition leader Martin Fayulu said Friday he will challenge the official election result at the country’s constitutional court, as one of his campaign aides claimed his candidate had won in a landslide. Preliminary results announced early Thursday by Congo’s electoral commission said another opposition leader, Felix Tshisekedi, had come first in […]

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Tesla to stop selling the lowest-priced versions of its Model S and X vehicles on Monday, Elon Musk tweets

Tesla will stop selling the lowest-priced versions of its Model S sedans and Model X SUVs from Monday, the automaker’s CEO Elon Musk wrote in a tweet late on Wednesday. The Model S and X are Tesla’s second and third major lines of electric vehicles, and are higher-priced lines compared to its newest Model 3. […]

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Faraday ends legal battle, may fire up Hanford facility

Hundreds of Faraday Future employees laid off in late October have wondered for weeks when — and even if — they would get back to work. That answer may come by the end of this week, said John S. Lehn, head of government affairs for the startup electric car company in Hanford. In an interview, […]

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Tension mounts as Congo’s election commission delays results announcement

Congo’s historic yet disorganized election suffered yet another delay on Sunday as the election commission admitted it had tabulated only about half of results on the day it was supposed to have completed the count. It did not say when it would be able to release results. The delay fuels suspicions that the election commission […]

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U.S. sends troops in response to possible “violent” demonstrations in Congo

President Trump announced Friday evening that U.S. troops had been sent to Gabon to protect U.S. assets in the Democratic Republic of Congo, which is awaiting the first results of its presidential election. Mr. Trump wrote in a letter to House Speaker Nancy Pelosi Friday that around 80 personnel had been deployed to the capital […]

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Could Tesla Price Cuts Mean Demand Is Slowing?

Tesla made about 9,300 more vehicles than it delivered last year, raising concerns among industry analysts that inventory is growing as demand for the company’s electric cars may be starting to wane. If demand falls, they say, the company will enter a new phase of its business. Like other automakers, Tesla will have to either […]

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Ending the electric-car subsidy

This type of cronyism is bad enough on principle alone. But it gets worse in the case of EV tax credits. For one thing, the cost is borne disproportionately by lower- and fixed-income families who can’t afford electric vehicles. Who’s taking advantage of the subsidies? Primarily America’s wealthiest households. They don’t need a tax break […]

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