Latest Electric vehicles News

Tesla cuts US prices for 3 of its electric vehicle models after a difficult week

Apr. 20, 2024 12:32 PM EDT

Tesla knocked $2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk. The company cut the prices of the Model Y, a small SUV which is Tesla's most popular model...

Growing demand for minerals sparks Indigenous outcry over 'business as usual' mining practices

Apr. 18, 2024 20:23 PM EDT

BRASILIA, Brazil (AP) — Indigenous representatives from 35 countries issued a declaration Thursday criticizing the fact that they are too rarely consulted about mining that takes place on or near their lands, an issue that has become more acute with increased demand for minerals needed in the...

Tesla shares tumble below $150 per share, giving up all gains made over the past year

Apr. 18, 2024 14:08 PM EDT

Tesla's stock tumbled below $150 per share, giving up all of the gains made over the past year as the electric vehicle maker reels from falling sales and steep discounts intended to lure more buyers. Shares in the Elon Musk-owned company slid nearly 4% in intraday trading Thursday,...

'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China

Apr. 18, 2024 13:41 PM EDT

BRUSSELS (AP) — European Union leaders on Thursday debated a new “European Competitiveness Deal” aimed at helping the 27-nation bloc close the economic production gap with Chinese and American rivals amid fears the region's industries will otherwise be left behind for good. In...

Climate change concerns grow, but few think Biden's climate law will help, AP-NORC poll finds

Apr. 18, 2024 08:16 AM EDT

Like many Americans, Ron Theusch is getting more worried about climate change. A resident of Alden, Minnesota, Theusch has noticed increasingly dry and mild winters punctuated by short periods of severe cold — symptoms of a warming planet. As he thinks about that,...

Europe wants 2 things from China. It may not get far on either of them.

Apr. 18, 2024 03:54 AM EDT

BEIJING (AP) — Europe wants two things from China: First, a shift in its relatively pro-Russia position on the war in Ukraine. Second, a reduction in the trade imbalance — Chinese goods exports to the EU exceeded its imports from the 27-nation bloc by 291 billion euros ($310 billion) last year....

Tesla asks shareholders to restore $56B Elon Musk pay package that was voided by Delaware judge

Apr. 17, 2024 16:08 PM EDT

DETROIT (AP) — Tesla is asking shareholders to restore a $56 billion pay package for CEO Elon Musk that was rejected by a Delaware judge this year, and to shift the company's corporate home to Texas. The changes, to be voted on by stockholders at a June 13 annual meeting, could be...

Nissan says it will make next-generation EV batteries by early 2029

Apr. 16, 2024 03:40 AM EDT

YOKOHAMA, Japan (AP) — Nissan expects to mass produce electric vehicles powered by advanced next-generation batteries by early 2029, the company said Tuesday during a media tour of an unfinished pilot plant. Japan's legacy automakers have fallen behind newer rivals like America's...

Tesla plans to lay off 10% of workforce after dismal quarterly sales, multiple news outlets report

Apr. 15, 2024 17:48 PM EDT

DETROIT (AP) — After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday. CEO Elon Musk detailed the plans in a memo sent to employees. The layoffs could affect about...

M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024

Apr. 15, 2024 16:20 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Monday: Medial Properties Trust Inc., up 75 cents to $4.74. The health care facilities owner is selling a majority interest in five Utah hospitals for about $1.1 billion. ...