Tesla’s stock (TSLA) crashed 7% today following earnings that actually met expectations. So what is the problem? Is Tesla losing its credibility?
Yesterday, Tesla released its Q1 2023 financial results and met earnings expectations of $0.85 per share and even surprised many by maintaining an automotive gross margin over 19% despite significant price cuts during the quarter.
Tesla was still…
Volvo Group is leading the charge towards a sustainable future as demand for fully electric trucks and buses continues building globally. Volvo Group delivered a total of 683 electric trucks in the first quarter of 2023, up 254% year-over-year (YOY).
Volvo Group, the parent…
X Shore, an electric boat maker based in Stockholm, just announced plans to make its electric boats available in marinas across the United States.
The new partnership with Safe Harbor Marinas will give its members exclusive access to X Shore’s flagship Eelex 8000…
Although its lead has started to dwindle a bit going into 2023, Tesla continues to be the true #1 in EVs around the globe by market cap. While other automakers are driving their new electrified models through a door in the automotive industry that Tesla originally kicked in, the American automaker continues to offer four super popular EV models. That being said, prices have risen in recent years…
Three-wheeled electric vehicle company Arcimoto shakes up team with former Tesla talent
April 20, 2023
Oregon-based electric vehicle company Arcimoto has announced some big movements on the company’s leadership team, including appointing one of the company’s board of directors members, Christopher Dawson, as new CEO.
Dawson will retain his board position, while previous…
Elon Musk says (again) Tesla might achieve 'full autonomy' this year, but what does it even mean?
April 20, 2023
Elon Musk announced again that he believes Tesla might achieve “full autonomy” this year, but it is not even clear what this means at this point.
Over the years, Musk has so often claimed that Tesla was on the verge of achieving “full self-driving capability” that…
Mercury’s recently unveiled electric outboard motors are now on their way to customers after the company announced the beginning of shipments of the Avator 7.5e. And new performance testing shows just what boaters can expect from the motor.
The compact Avator 7.5e is the first of five upcoming electric outboards from Mercury, with the already-named Avator 20e and 35e to be unveiled later this…
Swedish mobility company Vässla has become well known over several years for its electric scooters and mopeds, but last year it joined the e-bike party when it launched a highly acclaimed electric bike known as the Vässla Pedal. Now the company has brought that model to…
Einride’s commercial EVs enter UK, will cover 750,000 miles of routes with new partner PepsiCo
April 20, 2023
Autonomous EV freight developer Einride continues to expand its global footprint of commercial vehicles, announcing plans to sustainably transport goods in the UK. Together with the Walkers brand under the PepsiCo umbrella, Einride’s electric vehicles are expected to…
Lowe’s is putting rooftop solar on 174 of its stores
April 20, 2023
Lowe’s announced today that it’s going to put rooftop solar on 174 of its stores and distribution centers in the US, including 20 sites currently in operation.
Lowe’s installs rooftop solar
Once each site is completed, the solar panels will provide around 90% of the energy usage at each location. Here’s how the installations at the 174 locations are going to play out:
Infiniti Energy…
