In a surprising turn of events, Chinese electric vehicle (EV) giant BYD has outshone Tesla in quarterly revenue for the first time. BYD's net profit soared by 11. 5% to $1. 63 billion in the third quarter, with total revenue hitting $28. 24 billion, a 24% jump from the same period last year. This im
Ford is sending out a new adapter today, allowing Ford electric vehicle owners to charge up at Tesla Supercharger stations. This new model is a replacement for the previous adapter that had some issues. Ford teamed up with Lectron, a big name in EV chargers, to create this new adapter. Earlier this
Polestar EV owners in North America have exciting news. The company has announced that their cars can now use the Tesla Supercharger network across the US and Canada. Starting today, owners can purchase an adapter from any Polestar Service Point to make this happen. This $230 adapter will be deliver
The 2024 presidential election has put a bright spotlight on Michigan's automotive industry. With the state being a crucial swing state and home to 1. 1 million automotive jobs, both Vice President Kamala Harris and former President Donald Trump have made frequent appearances there to win voters' fa
On Friday, Tesla's stock price hit its highest point in more than a year. This followed a substantial rise the day before, making it the best two-day performance since 2013. Investors were thrilled with the company's third-quarter results. Tesla shares jumped 2. 8% on Friday morning, reaching $267.
` Ever heard of Scout Motors? Well, they're back in action, and this time, they're going electric! Scout, originally part of International Harvester, is now owned by Volkswagen Group. They're planning to launch two new vehicles: the Traveler SUV and the Terra pickup truck. These aren't your typical
Tesla has finally revealed its vision for the future of self-driving cars with the Tesla Cybercab. This car is designed to be fully autonomous, meaning no steering wheel or pedals are needed. The Cybercab was showcased at Tesla's "We, Robot" event, giving us a glimpse into what the company thinks tr
On Friday, the European Union took a significant step in its ongoing investigation into Chinese electric vehicle (EV) subsidies. The EU voted to adopt definitive tariffs on China-made battery electric vehicles (BEVs). This move follows the launch of an anti-subsidy probe back in October 2023, which
Berenberg Bank analyst Tammy Qiu recently gave Infineon Technologies AG (IFNNF) a Buy rating, with a price target of €38.00. The company's shares closed at $33.80 yesterday. Qiu is known for her accuracy, with an average return of 16.6% and a success rate of 63.9%. She covers tech stocks like Infine
Ford is shaking off the uncertainty surrounding electric vehicle adoption with a new initiative called the "Ford Power Promise." The company is offering complimentary home chargers and installation to customers who opt for new EVs. This perk aims to ease the minds of potential customers who are stil
