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Automotive
Everything you need to know about stock and business developments in the automotive sector.
Some Hybrids Are Eligible for the Revised $7,500 EV Tax Credit
The $7,500 tax credit is an attractive incentive, but is your hybrid vehicle you’re eyeing even eligible? See which EVs and hybrids are eligible.
XPeng's Flying Car Might Be the Future — If You Can Afford the Six-Figure Price Tag
XPeng flying cars may soon be commonplace, as the fifth-generation X2 was on display in Dubai. The sixth-generation eVTOL vehicle will be a true flying car.October Is One of the Best Months to Buy a Car — What About This Year?
Did you know that October is largely considered to be one of the best times to buy a car? Does this hold true in 2022? The current market is challenging.Elon Musk Provides Hints About the Optimus Robot Release Date
Tesla's robot could release in the near future, according to Elon Musk. Its robots will be trained to eliminate repetitive and dangerous tasks.Ousted Nikola Founder Trevor Milton’s Fraud Trial Begins
Ousted Nikola (NKLA) founder Trevor Milton’s fraud trial has begun. What’s at stake for Milton and the company? Here are the latest updates.The U.S. Car Market Isn't Crashing in a Hurry — Here's Why
The housing market has shown visible signs of a slowdown. Many people wonder whether a U.S. car market crash will follow soon. Here's what we know.When Tesla’s Next Stock Split Could Happen
Investors cangauge when the next Tesla stock split might happen by looking at the history and motivation of the divisions.Ford Layoffs Include 3,000 Salaried and Contract Employees
Ford announced a layoff of white-collar and contract employees to cut costs as it switches its focus to electric vehicles. The Ford layoffs will be effective on Sept. 1.Want Tesla’s FSD? Expect to Pay a Premium for It
Tesla is raising the price of its Full Self-Driving (FSD) option by a massive amount. Here’s why — and what Tesla FSD will cost moving forward.Who Owns Ford Motor Company? It’s Complicated
Ford is the second-largest U.S.-based automaker and was founded in 1903 by Henry Ford. Who owns Ford Motor Company now? Well, it's complicated.Carvana and Vroom Both Buy and Sell Cars — How Do They Compare?
Read this side-by-side comparison of Vroom and Carvana before buying, selling, or trading in your vehicle. See which company meets your needs.Countries, Including the U.S., Plan to Phase Out and Eventually Ban Gas Cars
Biden has been pushing for clean renewable energy since he became president. The call for more EV purchases will eventually lead to a ban on gas cars.Why Is Tesla Splitting Its Stock? It Boils Down to Perception
Tesla stock is on the edge of its latest stock split. Here’s why the company is making the move. In the end, it boils down to perception.Elon Musk Dumps 7.92 million Tesla Shares Worth $6.88B
Elon Musk has made somewhat of a noticeable trend dumping Tesla stock, here are reasons why he might be doing it. Will he sell more shares?Nikola CEO Mark Russell Is Retiring, NKLA Stock Is Volatile
Nikola CEO Mark Russell is stepping down to retire, he says. Here’s what to know about the upcoming changes. Russell took over from Trevor Milton.Elon Musk Said Tesla Could Buy Back Shares in the Near Future
Tesla CEO Elon Musk says the company may go through share buybacks. What would that mean for Tesla stock and will it actually happen?Tesla’s 3-for-1 Stock Split Gets Shareholder Approval, Stock Price Outlook
Tesla’s stockholders approved its 3-for-1 stock split. Based on Tesla's stock split history, what could be in store for its stock price?Nikola Is Buying Romeo Power for In-House Battery Capabilities
Nikola announced on Aug. 1 that it's acquiring energy technology company Romeo Power. Why is Nikola buying Romeo Power? What does it mean for the EV sector?Is VinFast Legit? Tesla Competitor Is Coming to the U.S.
Vietnamese electric vehicle maker VinFast is coming to the U.S., setting its sights on competing with Tesla. Is the company legit?GM CEO Mary Barra's Salary Is the Highest in the Detroit Three
As the only female CEO for a global automotive manufacturer, Mary Barra’s salary and compensation in 2021 make her the highest paid CEO of the Detroit Three automakers.USPS Revises Its Electric Vehicles Contract Again — All the Details
The USPS revised its contract and plans for purchasing fleet vehicles, increasing the percent that will be electric from 10 percent–40 percent.Rivian’s Output—What the Company Is Worth and How Many Cars It Has Sold
Rivian is trying to become a force in the EV industry. How many cars has it sold, and what's the company worth?Tesla Superchargers Will Be Available to Non-Tesla EVs Very Soon
Can you use the Tesla Supercharger on other electric cars? By the end of the year, you will be able to. Here's what we know about Tesla's plans.Audi Is Suing NIO for Alleged Trademark Infringement
German automaker Audi is suing NIO on alleged trademark infringement. Here’s what the lawsuit says and what’s next for the two automakers.Ford Recalls 3.3 Million Cars: Which Models Are Impacted?
Ford has announced a recall of 3.3 million cars in North America. Which models are being recalled? This is the fifth such recall since 2018.DeLorean Introduces Alpha5 EV, Decades After Stephen Wynne Resurrected the Company
What’s Stephen Wynne’s net worth? With DeLorean introducing its Alpha5 electric car, learn about the auto mechanic who resurrected the company.Electric Cars Have More Upfront Costs, Significant Savings Over Time
Buying an electric vehicle will likely cost more upfront, but offers significant savings on fuel and maintenance over the life of the car.Recent Tesla Crashes Intensify the Ongoing U.S. Probe
As more Tesla crashes come to light, U.S. investigators are ramping up their probe into the EV company’s autopilot safety.Lucid Motors Partners With Bank of America to Launch Lucid Financial Services
Leasing a Lucid vehicle hasn't been possible until now. The EV company has partnered with Bank of America to launch Lucid Financial Services.Lexus Is Synonymous With Luxury — Who Owns the Car Company?
The Lexus name has long been synonymous with luxury for car enthusiasts. Who makes Lexus vehicles, and who owns the Lexus car company?Analysts Are Upgrading EV Stocks Despite the Downtrend
Analysts are upgrading electric vehicle stocks. What’s causing the push and will their predictions of rising EV share prices come to fruition?Renault Didn’t Leave F1: This Is What Happened
Renault didn’t actually leave Formula 1, it only restructured its participation. Here's more on why you don’t see the Renault team at F1.Cheapest Electric Cars to Buy in 2022 as Gas Prices Hit Record Highs
Record high gas prices have raised the cost of driving. Here are the cheapest electric cars that you can buy in 2022 amid soaring gas prices.Tesla Was Removed From the S&P 500 ESG Index — Here’s Why
Tesla stock (TSLA) is no longer a part of the S&P 500 ESG Index. Here’s why and what it could mean for the stock. Elon Musk is fuming.Tesla Shanghai Supply Chain Issues Cause Another Production Halt — Will It Last?
Tesla has paused production at its Shanghai plant again, this time for supply chain issues. How long will the production halt last this time?Top EV Maintenance Tips — How to Make Your Car Last Longer
The right EV maintenance tips can make your car last longer. Let's discuss some of the top EV maintenance tips for drivers amid the EV boom.Tesla Stock in 2022 — Analysts Have Mixed Views on How Low It Could Go
Tesla stock is in bear market territory and is down 37 percent from its highs. How low can Tesla stock go in 2022 amid the EV meltdown?Ford Sells 8 Million Rivian Shares Ahead of EV Company's Q2 Earnings
Ford was one of the initial investors in Rivian before the EV company went public. Now, Ford is selling a large number of Rivian shares. Here's why.Rivian's Earnings Prediction as Stock Falls to a New Low
Rivian stock hit a new low following the expiration of its lockup period. Now, all eyes are on its first-quarter earnings, which will be released on May 11.Rivian’s IPO Lockup Expiry Is Approaching, and Investors Are Worried
During Rivian's IPO lockup period, investors and corporate insiders couldn’t sell their shares. That's set to expire soon.Amazon Is Losing Money In 2022—Here’s Why
Amazon (AMZN) posted disappointing earnings, causing its stock to plummet. Why is Amazon losing money in 2022?General Motors Announces New Electric Corvette Coming in 2023
General Motors announced that it will start production of the new electrified and all electric Corvettes. When will these vehicles be available for people to purchase?How Hugh Hathcock Could Afford to Donate Millions to College Football
Hugh Hathcock's impressive net worth allowed him to make a record-breaking donation to the University of Florida Gators football team.Not All Cars Are Equally Affected By the Chip Shortage
The ongoing semiconductor chip shortage has greatly impacted the automotive market. While most carmakers are feeling the heat, some have been lucky.VinFast Has a New CEO, Announces First North American EV Factory
VinFast has decided to make North Carolina the home for its first North American EV factory. What does VinFast's new CEO think of the choice?Why Selling Tesla Shares Before Its Stock Split May Not Be a Good Idea
Tesla is one of the latest tech companies that's proposing to do a stock split. Should you sell your Tesla shares before the stock split happens?Why Musk May Go Ahead With a Tesla Stock Split
Amazon has finally announced a 20-for-1 stock split. Will Tesla be the next company to announce one? Here's what investors can expect.Apple Might Release Its Own Vehicle — Will It Be With Porsche?
Apple and Porsche are in talks because both companies are interested in the electric vehicle space. Are they considering creating an electric vehicle together?Home EV Charging Stations Could Be More Viable Than Gas Stations
Home charging stations for EVs can be very convenient. How much do these charging stations cost, and are they worth it?
