The Average Electric Car Now Costs $54,000

Photo: Christopher Furlong (Getty Images) The average cost of buying an electric car is now $10,000 more than purchasing a gas-powered vehicle, Japanese lawmakers want to cut targets for zero-emission vehicles, and the Hyundai Ioniq 5. All that and more in The Morning Shift for June 27, 2022. 1st Gear: The Average Cost of EVs … Read more

I Regret to Report That the Most American-Made Car Is a Tesla

Photo: Associated Press Tesla seems to be leading the pack when it comes American-made cars, Senator Joe Manchin killed your hope of getting a bonus tax credit for EVs made with domestic union labor, and General Motors is hitting the pause button at the Hummer EV factory… but it’s a good thing. Plus: my cat … Read more

How to Keep Your Job, or Find a Better One, if There’s a Recession

The job market is still really hot. But concerns about the economy have many people wondering if their jobs are secure enough to survive. In the past week, Tesla said it would lay off 10% of its white-collar workers and there have been layoffs and hiring freezes or slowdowns at Netflix, Carvana and Robinhood, among … Read more

NIO Stock Is a Cautionary Tale for Tesla Shareholders

Electric vehicle maker NIO has been stuck in a range of roughly 10,000 monthly deliveries for almost a year. Courtesy Nio Text size Chinese electric vehicle maker NIO offers a cautionary tale for Tesla investors. What happened to its shares could happen to Tesla ’s if volume growth at Tesla follows a similar path as … Read more

Elon Musk Attacks a Chinese Giant

Elon Musk believes that the list of his enemies is short.  In any case, that’s what he said on the microblogging site Twitter on June 4.  It goes without saying that at the speed with which he launches attacks against his peers as well as against the rivals of his companies, this list will grow … Read more

Ferrari Says Never to Self-Driving

Photo: Ferrari Italian icon Ferrari outlined its vision for the future yesterday, a future that will never include a self-driving supercar. Also, Porsche was ordered to cough up over allegations of fuel economy fixing and VW bosses questioned America’s capacity for battery manufacturing. All that and more in The Morning Shift for June 17, 2022. … Read more

Tesla Reported More Self-Driving Crashes Than Any Other Vehicle

Photo: Patrick Pleul (Getty Images) Federal regulators released data today painting the clearest picture yet of the state of driver-assisted technology in the U.S. That picture includes at least half a dozen deaths. Rainn Wilson’s First Fandoms: Star Trek And D&D Between July 1, 2021 and May 15 this year, the National Highway Traffic Safety … Read more

Tesla’s Musk Sends Dire Warning to Rivals Lucid and Rivian

When Elon Musk, the CEO of Tesla  (TSLA) – Get Tesla Inc. Report, speaks about the environment and the problems facing the automobile sector, industry actors listen.  For many years, the billionaire worked hard to convince his peers, authorities and consumers that electric vehicles were the future. The task was not easy because  skeptics about the … Read more

Apple Looks to Cars and Banking for Its Next Big Thing

Text size At its recent developer event, Apple showed plans to dramatically expand its CarPlay platform to include every screen in the driver cockpit. Courtesy of Apple Apple needs to think big these days. Really big. Aside from retailers Walmart and Amazon.com , Apple (ticker: AAPL) generates more revenue than any other American company. This … Read more

Elon Musk’s ‘best’ Twitter offer looks bogus

The Elon Musk-Twitter drama keeps taking sometimes bizarre, unexpected turns so whatever I write here could be moot not long after the ink dries.  It’s always been dangerous to talk in absolutes about Musk. He is said to be genius-level smart but he’s done some really dumb things (weird tweets nearly got him jammed up … Read more