The Biden administration on Friday released new rules that will significantly shorten the list of electric vehicles that qualify for federal tax credits. Officials hope the change will push carmakers to move their supply chains out of China and to the United States or its allies. The rules, issued by the Treasury Department, are a […]
Read More
Elon Musk, who inhabits the role of a gonzo captain of industry like no other figure in modern American life, has lately been dreaming aloud about building his own version of an old-fashioned company town. And not just dreaming. In September, Bastrop County, Texas, outside Austin, approved the construction of Project Amazing, a subdivision of […]
Read More
Lithium, the common ingredient in almost all electric-car batteries, has become so precious that it is often called white gold. But something surprising has happened recently: The metal’s price has fallen, helping to make electric vehicles more affordable. Since January, the price of lithium has dropped by nearly 20 percent, according to Benchmark Minerals, even […]
Read More
Before Li Qiang was appointed China’s No. 2 leader this past week, he oversaw Shanghai, a city that, for a time early last year, was celebrated for trying to contain Covid with relative restraint. City officials wanted to avoid the economic devastation of a full-scale lockdown and instead opted for limited restrictions that applied to, […]
Read More
That was back in 2017. In the years since, Tesla’s become even crankier, while its competition has loosened up. Public perception hasn’t yet caught up with the reality of the situation. If you want to work for a flexible, modern company, you don’t apply to Tesla. You apply to 120-year-old Ford. Tesla’s veneer of irreverence […]
Read More
In February, the first lawsuit against Tesla for a crash involving its driver-assistance system, Autopilot, will go to trial. The slew of trials set to follow will be a costly fight that the company’s chief executive, Elon Musk, has vowed to take on in court. When Tesla released its Autopilot feature in October 2015, Musk […]
Read More
Germans take huge pride in their automotive industry, and have never been eager to abandon their Audis, BMWs or Mercedes-Benzes for foreign makes. But with a goal to change that, a Chinese automaker that sells the most electric cars in the world has begun offering three of its models in Germany. BYD, founded in 1995 […]
Read More
“Simply a fraud” The legal clampdown on crypto’s accused villains, fraudsters and fallen stars has stepped into a higher gear, a shift that’s contributing to more volatility in the price of digital assets. Atop the crypto crime blotter on Friday is the S.E.C.’s decision to charge Singapore-based Terraform Labs and its founder Do Kwon with […]
Read More
Tesla is recalling more than 362,000 cars equipped with its Full Self-Driving driver-assistance system after government regulators found it increased the risk of accidents. The company’s technology, which can steer, accelerate, brake and change lanes on its own, allows vehicles to travel above legal speed limits and through intersections in “an unlawful or unpredictable manner,” […]
Read More
Tesla fired at least 18 employees, including several leaders of a unionization campaign, a day after they announced plans to organize a Tesla plant in Buffalo, workers said in a filing to the National Labor Relations Board. Elon Musk, the chief executive of Tesla, has been blunt in his opposition to unions, and the company […]
Read More
Valentine’s Day breakup The F.T.C.’s biggest internal critic won’t be hanging around to push back against the agency and its chair, Lina Khan, who’s come under repeated fire from the political right and big business for being too tough on mergers. In a blunt breakup letter published on Tuesday in The Wall Street Journal, Commissioner […]
Read More
Declines in new car prices are pushing down used electric vehicle prices, too. They have fallen 17 percent since July, according to Recurrent, which tracks the used car market. That’s largely because of Tesla cutting the price of the Model 3 and G.M. lowering the price of the Chevrolet Bolt by almost $6,000 last year. […]
Read More
More than three years after Elon Musk stunned the auto industry with an electric pickup truck that looked more like a stealth fighter than a way to haul two-by-fours and drywall, Tesla said last week that it would begin building the vehicle by the end of 2023. The announcement has helped fuel a recovery in […]
Read More
A jury decided Friday that Elon Musk was not liable for losses suffered by investors after he posted messages on Twitter that he had secured the funding to take Tesla private in 2018. Investors had sued Mr. Musk, Tesla and the company’s board, arguing that Mr. Musk’s statements about his embryonic plan to take the […]
Read More