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Ford Executive Chair Bill Ford has raised concerns over a new GOP tax bill that could eliminate critical tax credits for electric vehicle (EV) battery production, potentially derailing a $3 billion investment in a Marshall, Michigan, factory. Speaking at a policy conference, Ford highlighted the risk to the plant, which is 60% complete and set…
Hyundai Motor Co. is set to raise the price of all its US vehicles, including electric models, by 1% as early as next week, a move aimed at cushioning the impact of tariffs imposed by President Donald Trump. The South Korean automaker’s decision, reported by Bloomberg, comes as the industry braces for increased costs, potentially…
On May 29, 2025, Vanguard Group announced a significant expansion of its “Investor Choice” proxy voting program, tripling the number of investors eligible to direct votes in their funds, as reported by Reuters. For Tesla, this could mean heightened pressure on CEO Elon Musk to refocus on the company amid growing ESG (environmental, social, and…
Tesla is accelerating its push into autonomous driving, with CEO Elon Musk announcing that the company is testing driverless Model Y vehicles in Austin, Texas, aiming for deliveries by June 2025. This development signals a major step forward for Tesla’s long-anticipated robotaxi service, potentially reshaping urban mobility for electric vehicle (EV) enthusiasts and city dwellers…
On June 12, 2025, Tesla Inc. will launch its highly anticipated Cybercab robotaxi service in Austin, Texas, marking a pivotal step in Elon Musk’s vision to transform Tesla into a leader in driverless electric vehicles (EVs) and artificial intelligence (AI). According to a Bloomberg report, this milestone follows recent public road tests of a fully…
Tesla shareholders are pressing CEO Elon Musk to commit to a minimum of 40 hours per week managing the electric vehicle (EV) giant, as the company grapples with a sharp drop in stock price and falling sales. A letter from investors, reported by The Times on May 28, 2025, highlights concerns over Musk’s divided attention…
General Motors (GM) is channeling a hefty $888 million into its Tonawanda propulsion plant in Buffalo, New York, to boost production of the next-generation V8 engine, signaling a strategic recalibration in its electric vehicle (EV) ambitions. Announced on May 28, 2025, this investment highlights the automaker’s response to slower-than-expected EV demand while maintaining its foothold…
Tesla has reached a groundbreaking milestone at its Gigafactory Berlin-Brandenburg, where vehicles equipped with unsupervised Full Self-Driving (FSD) technology are now autonomously navigating the facility’s parking lot. This development, captured in a recent timelapse video, showcases the future of electric vehicle (EV) automation and its potential to revolutionize manufacturing logistics. FSD Te
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