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Keyword: automobiles

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  • Wall Street wakes up to 'peak car'

    06/02/2019 7:35:37 AM PDT · by TexasKamaAina · 64 replies
    Business Insider ^ | 06/01/2019 | Jim Edwards
    For the auto business, "The pain is just beginning," according to Nomura analyst Masataka Kunugimoto and his team. "We now expect global auto demand to be down 3%," year on year, in 2019, he told clients recently. He is not alone. At bank after bank, analysts are coming round to the idea that the world may have passed "peak car," and that in the future humans will need fewer personal vehicles.
  • This Aston Martin Has Most Excellent Wheels

    05/21/2019 6:56:23 PM PDT · by ProtectOurFreedom · 47 replies
    Jalopnik ^ | 5/21/19 | Bradley Brownell
    It has been far too long since an OEM took a risk on the design of its wheels. There are only a handful of differently stylized wheels on the market today, most unfortunately featuring some variety of twist design—please pardon me while I attempt to keep my lunch down. Aston Martin’s new DBS Superleggera, inspired by 007 himself, features a striking shade of gold-tinted olive green paint and wheels meant to ape the wire spokes Bond rode on 50 years ago in On Her Majesty’s Secret Service. It has been quite a while since an OEM has released a new...
  • Tesla reports another huge quarterly loss

    04/24/2019 8:42:07 PM PDT · by Lurch Addams · 77 replies
    Wall Street Journal ^ | 4/24/2019 | Tim Higgins
    The company posted a $702 million loss attributable to common shareholders for the first quarter, slightly better than a year earlier. On an adjusted basis, the loss was $2.90 a share; analysts surveyed by FactSet were expecting a loss of $1.15 a share.
  • Someone might be vandalizing my vehicle, chronically.

    04/10/2019 7:31:07 PM PDT · by South Hawthorne · 78 replies
    The frightening brain of South Hawthorne | 04.10.19 | South Hawthorne
    So, I live in the city. And every couple of months, I’d get a slow leak in one of my tires. I figured that was normal as I work in an area with a highly unusual amount of metal shavings on the pavement. Well, last week, I had another slow leak, so I went to the tire store: “Hey! Mr. Hawthorne!” because if they had a frequent customer program, I’d have a full set of NASCAR tires. The co-owner takes a look at it and says “You’ve already got 3 patches and two nails in there. I can put another...
  • Congressmen propose more federal cash for Tesla and GM's electric vehicles

    04/10/2019 9:46:50 AM PDT · by Lurch Addams · 22 replies
    CNBC ^ | 4/10/2019 | CNBC
    A bipartisan group of lawmakers plans to introduce a bill to expand federal tax credits for buyers of electric vehicles, in what could be a boon for the growing EV market. The bill, dubbed the Driving America Forward Act, would grant each automaker a $7,000 tax credit for an additional 400,000 vehicles after it exhausts the first 200,000 vehicles eligible for tax credits. It would shorten the phase-out schedule to nine months. The credits are paid directly to consumers, who can write them off on their tax returns.
  • Subaru Recalls Cars as Some Perfumes Cause Malfunctions: Could affect up to 2.3 million vehicles

    03/01/2019 11:29:42 AM PST · by billorites · 69 replies
    Wall Street Journal ^ | March 1, 2019 | Chieko Tsuneoka
    If you drive a Subaru, you may want to avoid wearing perfume or a sweater treated with fabric softener—they could prevent the engine from starting. Subaru Corp. said Friday it plans to recall as many as 2.3 million Impreza and Forester vehicles world-wide after discovering that certain chemical compounds released by everyday products such as cosmetics, fabric softener or car polish could cause parts to malfunction. These malfunctions could affect a brake-light switch that is also involved in starting the engine or cause a vehicle-stability warning light to flash unnecessarily, the Japanese auto maker said. No accidents related to the...
  • Burnt toast could be more toxic than TRAFFIC FUMES, scientists warn

    02/17/2019 8:27:12 AM PST · by ProtectOurFreedom · 117 replies
    The Sun (UK) ^ | February 17, 2019 | Jon Rogers
    Burnt toast can expose people to more pollution than if they were standing at a busy road junction, a study has claimed. Researchers at the University of Texas at Austin found burnt toast was especially harmful and the safest way was to “go for gold” – allowing the bread to turn a light gold colour. The team of experts built a mock-up of a three-bed house and equipped it with monitors to assess how everyday activities impacted on air quality. Roasting and frying can also prove to be toxic, the research found. Researchers in the US found the least harmful...
  • Woman tries putting gas in a Tesla [YouTube video)

    12/26/2018 1:39:21 PM PST · by ETL · 30 replies
    I made the following 5 Gifs from the linked video. Audio consists mostly of the video taker (in the guy behind her) laughing.As of today, Dec 26, 2018, 1,881,565 views, 51,000+ Likes
  • Tesla: The 60 Minutes Scare

    12/10/2018 4:05:49 PM PST · by E. Pluribus Unum · 58 replies
    Seeking Alpha ^ | Dec. 10, 2018 2:30 PM ET | Bill Maurer
    Summary The 60 Minutes interview exposes some major red flags. Elon Musk has no regards for authority or consumers. Autopilot liability may be substantial moving forward. On Sunday night, CBS show 60 Minutes aired a long interview with Tesla (TSLA) CEO Elon Musk. The piece covered a lot of topics, from the Model 3's part in the company's near death, to the autopilot feature many consumers want to rely on. In the end, I encourage everyone to watch this interview, because there are several major red flags that need to be discussed. First of all, Elon Musk came right out...
  • Tesla Model 3 In Europe Will Come With A CCS Charging Port [EU standard]

    12/09/2018 12:38:56 PM PST · by SunkenCiv · 43 replies
    CleanTechnica ^ | November 14th, 2018 | Steve Hanley
    On November 14, Tesla officially unveiled its Model 3 sedan in Europe and began inviting customers on the Old Continent to place their orders for the most affordable vehicle in the company's lineup of all electric cars... left-hand-drive versions of the Model 3 are expected to be available in Europe in the first half of 2019 with right-hand-drive versions coming available in the second half of next year. That's good news, but what is really exciting for many living there is that those European-spec Model 3s will come equipped with a CCS charging port, giving Model 3 drivers many more...
  • [snip] Tesla founder 'would be interested' in taking over General Motors' idled factories

    12/07/2018 5:48:24 PM PST · by Eddie01 · 26 replies
    daily mail ^ | Dec. 7, 2018 | ANNIE PALMER
    Full Title: Could Elon Musk save the jobs of GM workers? Tesla founder 'would be interested' in taking over General Motors' idled factories Elon Musk is eyeing General Motors' once-occupied plants. The billionaire tech mogul said it's 'possible that [Tesla] would be open' to taking over automakers' old plants, such as the five factories closed by GM last month. The comments came during Musk's wide-ranging interview with CBS' '60 Minutes.' GM CEO Mary Barra announced in November that the car manufacturer would close five factories in North America and lay off some 14,700 workers as a result. Musk indicated that...
  • Trump Says China to Cut Tariffs on US-Made Cars in Potential Lift for Tesla, BMW

    12/03/2018 4:40:01 PM PST · by E. Pluribus Unum · 4 replies
    The Epoch Times ^ | December 3, 2018 Updated: December 3, 2018 | al Reuters
    WASHINGTON/SHANGHAI—U.S. President Donald Trump said on Dec. 3, that China had agreed to cut import tariffs on American-made cars, a potential boon for automakers including Tesla Inc and BMW who manufacture in the United States for export to China. Trump, fresh from agreeing on a 90-day cease-fire in his trade war with China at the meeting of the G20, said on Twitter that “China has agreed to reduce and remove tariffs on cars coming into China from the U.S. Currently the tariff is 40%.” The move, if realized, would bolster U.S. car manufacturers who were hit hard when China ramped...
  • Tesla worker from San Jose charged with embezzling more than $9 million from the company

    11/10/2018 10:09:00 AM PST · by artichokegrower · 18 replies
    San Jose Mercury ^ | November 9, 2018 | Ethan Baron
    A former Tesla global supply manager was indicted Thursday by federal prosecutors alleging he embezzled more than $9 million from the Palo Alto electric car maker. Salil Parulekar, 32, is charged with felony wire fraud and aggravated identity theft.
  • Tesla Is Destroying the Competition, and It Means Massive Stock Gains

    10/24/2018 2:32:38 PM PDT · by Moonman62 · 69 replies
    Stamford Advocate ^ | 10/24/18 | Andrew Osterland
    Elon Musk is grinning ear to ear today. Tesla shares jumped nearly 12.72 percent as a former short-seller of the stock cried uncle and admitted that Tesla was "destroying the competition." The stock registered the biggest gain by far on the Entrepreneur Index™. After a volatile day, the index closed down 0.26 percent. Citron Research, party to a securities class action lawsuit against Tesla over Mr. Musk's tweets earlier this year about going private, published a note this morning saying that Tesla's Model three was causing "a legitimate disruption of the auto industry." Tesla announced yesterday that it would report...
  • Tesla shares soar on surprise third-quarter profit that beats Wall Street expectations

    10/24/2018 1:48:04 PM PDT · by Moonman62 · 21 replies
    CNBC ^ | 10/24/18 | Dawn Kopecki
    Tesla shares soared by more than 10 percent in after-hours trading after the company reported a surprise profit for the third quarter and better-than expected car sales and said it was speeding up its Model 3 production in China. Here's how the company did compared with what Wall Street expected, based on average estimates of analysts polled by Refinitiv: Adjusted earnings: $2.90 a share vs. an expected loss of 19 cents per share Revenue: $6.82 billion vs. an expected $6.33 billion The company earned an adjusted $516 million during the quarter, which was an otherwise a tumultuous one for the...
  • Tesla rival Lucid Motors gets $1 billion investment from Saudi Arabia goes on massive hiring spree

    10/22/2018 4:35:51 PM PDT · by 2ndDivisionVet · 19 replies
    Thinknum ^ | October 22, 2018 | James Mattone
    Earlier this month, California-based electric car startup Lucid Motors ($LUCIDMOTORS) locked in a billion-dollar infusion from the Public Investment Fund of Saudi Arabia. Through this deal, the official sovereign wealth fund of the Saudi government is helping to put Lucid on track to produce its first commercially available electric vehicle, the Lucid Air, on the market in 2020, thus putting it in direct competition with Tesla ($NASDAQ:TSLA). Since announcing its deal on September 17, Lucid listed more than double the amount of job openings month-over-month, which is understandable given a billion-dollar influx in capital....
  • Tesla Sales Soaring, Competition Failing

    10/17/2018 5:33:20 PM PDT · by SunkenCiv · 49 replies
    Seeking Alpha ^ | October 16, 2018 | Ross Tessien
    CE car sales are down and EV sales are up. Most people know this much. Also, EV sales are not up by as much as ICE car sales are down. The two metrics are believed to be independent of one another. I believe they are related. When someone purchases a Tesla Model 3, that car sale is an EV and not a new ICE vehicle. So that is a first sale the ICE industry loses. Next, the new EV owner often trades in a used ICE car and someone else will purchase that car. Some number of car buyers will...
  • Electrek's Editor Scoring $250,000 Tesla Roadsters for Free by Gaming Referral Program

    10/04/2018 5:35:52 PM PDT · by DUMBGRUNT · 9 replies
    The drive ^ | 4 Oct 2018 | Kyle Cheromcha
    Tesla's clubby referral program has long rewarded enthusiastic owners for bringing their friends, family, and complete strangers into the electric car fold. The new buyer gets a nice little perk, the missionary climbs a lucrative pyramid of gifts, and everyone wins. Especially people like Electrek's Editor-in-Chief Fred Lambert, who's converted 69 people into battery believers and earned himself a free $250,000 next-generation Tesla Roadster.
  • Tesla shares surge over 15 percent after SEC settlement

    10/01/2018 3:12:41 AM PDT · by zeestephen · 29 replies
    CNBC ^ | 01 October 2018 | Arjun Kharpal
    Tesla shares were up over 15 percent in pre-market trade on Monday after Chief Executive Elon Musk settled charges with the Securities and Exchange Commission (SEC).
  • Tesla’s Elon Musk settles with SEC, paying $20 million fine and resigning as board chairman

    09/29/2018 10:50:42 PM PDT · by zeestephen · 25 replies
    The Washington Post ^ | 29 September 2018 | Renae Merle
    The SEC sued Musk on Thursday for allegedly lying to investors when he tweeted last month that he had “funding secured” to take Tesla private....Tesla will separately pay another $20 million....Musk and Tesla were not required to admit to any wrongdoing as part of the settlement.