More than 1,000 institutional investors, with more than $8 trillion in assets, have now divested from fossil fuel stocks. The movement is picking up momentum and putting serious pressure on the industry.
We know electric trucks are quiet and powerful. But they have other advantages you may not have thought of before.
A revenue neutral climate fee bill has been introduced in Congress by 3 Democrats and 2 Republicans. It is the first time such legislation has gotten bipartisan support.
The COP 24 climate summit was intended to create the technical framework for implementing the Paris climate accords. Some progress was made but the world is less united now on taking bold action to reduce carbon emissions today than it was three years ago.
Chinese EV startup Xpeng, formerly known as Xiaopeng, has begun selling its innovative G3 electric SUV in China. As we indicated a few weeks ago from an auto show in China, the electric vehicle’s launch date in the Red Dragon was December 12, and it seems that announcement was accurate.
Jaguar Land Rover sales have fallen off a cliff, largely because many of its vehicles are powered by diesel engines. It is struggling to convert to electric cars but will it have enough money to do so? Meanwhile, it expects to layoff 5,000 employees next year.
The government’s plan to roll back fuel economy standards goes much further than the auto industry requested. Who is behind the proposed changes? A New York Times investigation has the answer.
Siemens, Porsche, and BMW have been developing ultra fast charging technology since 2016. Last week, a 450 kW charger created by the group gave a Porsche Taycan a 62 mile range boots in just 3 minutes. Is such rapid charging about to become a reality?
Wedbush Securities started covering Tesla stock last week. It’s coverage led off with this comment from analyst Daniel Ives: “Tesla has evolved into one of the most dynamic technology innovators over the last 30 years and, in our opinion, has put itself into an esteemed category of companies such as Apple and Amazon that have revolutionized consumer buying habits and behaviors over the last decade.”
Tesla is cutting prices in China on its Model X and Model S in anticipation of the Chinese tariff dropping to 15% on January 1.
