Tesla Quarterly Profits Top $1 Billion For The First Time

July 28, 2021
In the three months to the end of June, Tesla saw sales rise to $12 billion, a figure which has doubled from a year ago when its US factory was shut down. Over the same time period, the electric car manufacturer has said it delivered a record 200,000 vehicles to customers, adding that public support […]
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Jeep Reveals Its 2022 Compass SUV

July 14, 2021
Ahead of Jeep’s push into electric vehicles, the car giant is updating one of its smallest SUVs with a redesigned interior and new technologies. New features will include blind-spot monitoring and active emergency braking as standard safety technologies. Additionally, optional 10-inch interior screens will feature, as well as a driver-assist highway system. The new model […]
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Tesla Model 3 Named Best Selling Car In June

July 6, 2021
On Monday, the Society of Motor Manufacturers and Traders (SMMT) revealed that 5,468 of the Tesla Model 3 were sold in June, catapulting it to the top of Britain's best-selling list for June. Its closest rival was the Volkswagen Golf, which it outsold by over 800 vehicles.   Across Britain last month, 186,128 new cars were […]
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Audi CEO Reveals Plans To Become An EV Brand Only

June 23, 2021
German automobile giant Audi has announced it will end the development of new internal combustion engine models by 2026, and will instead focus on full-electric drivetrains. Audi’s CEO, Markus Duesmann, made the announcement at a management meeting at the company’s Ingolstadt headquarters on Thursday. The transition will be gradual, with new diesel, gasoline, and hybrid […]
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What Has Made Tesla the Most Valuable Car Company in the World

April 30, 2021
Just understanding the cause of Tesla’s success through the lens of ‘a car company’ will only provide a partial picture. Tesla may look a lot like a carmaker in the traditional sense of the word. The company manufactures personal vehicles that are high performing and sleekly designed and that surpass industry safety standards. They also […]
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Tesla Shares Slide Despite Posting First Annual Profit

January 28, 2021
The world’s seventh-largest company by market cap delivered a relatively underwhelming sum in quarterly earnings.
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Tesla Approved for Merger With Germany’s ATW

October 21, 2020
The electric carmaker has acquired a second German automotive company, less than a year before the opening of its planned German Gigafactory.
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Nikola Founder Trevor Milton Resigns Amid Fraud Claims

September 21, 2020
The electric-truck maker’s shares nose-dived on Monday as its founder resigned amid public scandal.
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GM and Honda Announce Equipment-Sharing Alliance

September 4, 2020
The new partnership signifies a move away from Honda’s previous stance of fierce independence.
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