DIRS.INFO The most relevant business & tech news

☆ How car buyers thinking hybrid over EV should make the decision
▼ + stars: | 2024-04-07 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +8 min

And what would the upfront costs be to upgrade your system to allow for faster charging, if desired? Do the math on upfront cost, EV vs. hybridIf it's still a toss up between an EV and a hybrid, next consider upfront costs. By contrast, the average starting price for a hybrid car is $33,214, according to iSeeCars.com, a car search engine. Search for available auto rebates and incentivesIf you're leaning toward an EV, but still find the upfront cost daunting, look for possible rebates. He points to a study by Argonne National Lab that shows scheduled maintenance costs per mile are significantly lower for an EV versus a traditional hybrid or plug-in hybrid.

Persons: you've, Aston Martin, Sandeep Rao, there's, Rao, Steve Christensen, Maxwell Woody, Woody, Albert Gore, ZETA Organizations: Ford, General Motors, Mercedes, Benz, Volkswagen, Jaguar, Rover, Gallup, New York, EV, Chevrolet, Department of Energy, Battery Coalition, Progressive Casualty Insurance Company, of Michigan, University of Michigan, Argonne National Lab, Honda Locations: U.S, California, Florida, Texas

☆ U.S. and China to hold talks on 'balanced growth' amid overcapacity concerns, Yellen says
▼ + stars: | 2024-04-06 | by ( ) www.cnbc.com time to read: +4 min

US Treasury Secretary Janet Yellen (L) shakes hands with China's Vice Premier He Lifeng in the southern Chinese city of Guangzhou, on April 5, 2024. After two days of economic talks in China's southern export hub of Guangzhou, Yellen said she and He also agreed to start a forum to cooperate on anti-money laundering efforts in their respective financial systems. Beijing also expressed serious concerns about U.S. economic and trade restrictions on China and made a full response to the production capacity issue during the talks, the statement said. The U.S. Treasury official, who spoke on condition of anonymity, said the balanced growth forum was first proposed in February during an economic working group meeting. Yellen also said she had warned Chinese firms faced "significant consequences" if they provided material support to Russia's invasion of Ukraine.

Persons: Janet Yellen, Pedro Pardo, Lifeng, Yellen, Biden, Wendy Cutler Organizations: China's, Afp, Getty, Treasury, U.S . Treasury Locations: Guangzhou, overcapacity, China, U.S, United States, Xinhua, Beijing, Ukraine

☆ China is producing too much stuff. The West is worried.
▼ + stars: | 2024-04-05 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

US Treasury Secretary Janet Yellen is seeking to address over-manufacturing during her visit to China, which ends Tuesday. The problem is mainly in areas where China already had the upper hand over the West, like lower-tech goods and building materials after the recent property bust. AdvertisementBeijing is aware of overcapacity and pledged to address itBeijing knows the country has an overcapacity problem in some sectors, which is also bad for its own economy. After all, Chinese solar manufacturers are feeling the heat from solar panel overcapacity. Still, China is framing the West's concerns about overcapacity as protectionism and as moves to curtail the country's economic development.

Persons: —, Janet Yellen, Yellen, isn't, hasn't, overcapacity, Li Qiang Organizations: Service, Business, American, of, Reuters, US Treasury, European, Bloomberg, Longi Green Energy Technology Locations: China, Guangzhou, Europe, Mexico, Japan, Thailand, Beijing, Xinhua

☆ Poor resale values of EVs threaten adoption, warn some experts
▼ + stars: | 2024-04-05 | by ( Dylan Butts | ) www.cnbc.com time to read: +3 min

Jeff Gritchen | Medianews Group | Getty ImagesA car loses value as soon as you drive it off the lot, but electric vehicles are taking this adage to a new level. That's becoming a major barrier to wider adoption, according to some industry and investment experts. While lower used EV prices could increase their desirability to some buyers, they can also reduce demand for new electric vehicles, according to Karl Brauer, executive analyst at iSeeCars. Kuo further argued that the software and computing capabilities of used EVs may become outdated and incompatible with updates by the time they are sold or even beforehand. According to iSeeCars, dramatic drops in used electric vehicle values in the U.S. have largely been driven by aggressive price cuts by Tesla amid a broader price war in the EV market.

Persons: Jeff Gritchen, Karl Brauer, David Kuo, Kuo, EVs, iSeeCars, Tesla Organizations: Medianews, Getty, iSeeCars.com, Smart, Industry, Bloomberg, VW, Toyota Locations: Fountain Valley , California, U.S

☆ Tesla scraps low-cost car plans amid fierce Chinese EV competition: Reuters
▼ + stars: | 2024-04-05 | by ( ) www.cnbc.com time to read: +4 min

Tesla's cheapest current model, the Model 3 sedan, retails for about $39,000 in the United States. The stark reversal comes as Tesla faces fierce competition globally from Chinese electric-vehicle makers flooding the market with cars priced as low as $10,000. Plans for the affordable Tesla have been seen as key to delivering on Musk's stratospheric ambitions for sales growth. Expectations for a $25,000 vehicle have underpinned Wall Street analysts' more modest, but still ambitious, forecasts for Tesla sales. Those forecasts, according to a Tesla investor-relations document, call for vehicle sales rising to 4.2 million by 2028 from 1.8 million last year.

Persons: Tesla, Elon Musk, Musk, driverless, Tesla's, EVs, he'll, Walter Issacson Organizations: Reuters, robotaxis, SpaceX, Twitter, Toyota Locations: Texas, United States, robotaxi

☆ China has a problem with electric cars and that's bad news for Elon Musk
▼ + stars: | 2024-04-05 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

Read previewBYD and Tesla both posted anemic first-quarter sales this week, serving up a reminder that demand for electric cars appears to be stalling around the world. China, the world's largest EV market, hasn't been immune from the slowdown. Related storiesCEO Elon Musk appears to have backed away from the price cuts strategy this year, however. There are plenty of public charging stations — about 2.7 million as at the end of 2023, according to the China Electric Vehicle Charging Infrastructure Promotion Alliance. AdvertisementIf China joins the US in loving EVs a little less, both Tesla and BYD could be in for a difficult 2024.

Persons: —, Tesla, anemic, hasn't, That's, Seth Goldstein, Morningstar, BYD, Elon Musk, Goldstein Organizations: Service, Car Association, Bloomberg, Business, Tesla, China, Alliance, BYD Locations: China, Tesla's, Shanghai

☆ How India is challenging China as Asia's tech powerhouse
▼ + stars: | 2024-04-05 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +30 min

New Delhi has sought to woo foreign tech companies and has been increasingly successful, with giants like Apple increasing their presence in the country. Tom Chitty: For years China has been Asia's tech powerhouse where the world's electronics and some of the biggest companies on the planet are located. And I think India is in the very early stages, to put it quite bluntly, of trying to do that. Tom Chitty: India have got an election this year as well, which is going to be interesting to see what happens there. You know, India has aligned itself slightly more to the countries that are currently a bit more anti-China, shall we say?

Persons: Tom Chitty, Arjun Kharpal, It's, Let's, I'm, Arjun, You'll, We're, we've, what's, gunning, Narendra Modi, it's, Tom, Modi, Trump, Apple, COVID, there's, Taiwan's, that's, Karen Tso, China's, Tim Cook, Raghuram Rajan, We've, feasibly, India's, let's, he's, you've, we'll, I've, We'll Organizations: Apple, CNBC, China, India's, Foxconn, Micron, Tata Electronics, Taiwan's Powerchip Semiconductor Manufacturing Corp, Reserve Bank of India, CCP, Samsung, Bain, India, London Locations: China, Tencent, Asia, India, Delhi, Washington, Beijing, American, COVID, U.S, Brazil, Vietnam, Indonesia, Thailand, Taiwan, South Korea, Bangalore, Goa, Kolkata, Mumbai, Europe, Silicon, New York, Germany

☆ What's more important? AI or the election.
▼ + stars: | 2024-04-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're announcing the finalists for our business, tech, and innovation bracket. What's on deck:This story is available exclusively to Business Insider subscribers. If you're just catching up, a few weeks ago we identified eight of the biggest trends in business, tech, and innovation. And then there were two: the AI race vs the US presidential election. Dan Rosen, founder and partner, Commerce Ventures:Advertisement"As a fintech investor, AI strikes me as more important.

Persons: —, we're, Chelsea Jia Feng, Readers, Bruce K, Lee, Dan Rosen, Ira Allen, Tracy Albert, Wendy Craft, Elle, Dodd, Frank, Zach Blank, Nick DiGiovanni, Adam Jeffery, Ian MacNicol, David Einhorn, Jesse Cohn, Greg Coffey, Goldman Sachs, Brian Robinson, Nelson Peltz's, James Park, would've, Justin Sullivan, Marissa Mayer's, Enrique Munoz Torres, Elon Musk, Musk, Lukas Schulze, it's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Keebeck Wealth, Commerce Ventures, CNBC, NBCU, Getty, Elliott Management, Sohn, Street Journal, Disney, UCLA, Yahoo, LinkedIn, Elon, Apple, Ford, Workers, Advertising Research, NCAA Locations: Europe, California, New York, London

☆ Good news is good news for the market — finally. Also, a recently struggling stock may be a buy
▼ + stars: | 2024-04-05 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Good news is good news: The stock market correctly viewed the good jobs data as good news — no matter what it means for the timing of the first interest rate cut from the Federal Reserve. Those concerns were the catalyst that caused oil to spike late Thursday and the stock market to spiral. Costco and TJX should be holding up better because they both are market share gainers that offer great value to their customers. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jerome Powell, Powell, he's, Ford, Morgan Stanley, Adam Jonas, Jonas, Eaton, Wynn, Estee Lauder, It's, Jim Cramer's, Jim Organizations: CNBC, Federal Reserve, Fed, Ford, U.S, General Motors, Wynn Resorts, Meta, Thursday's, Amazon, Palo Alto Networks, TJX Companies, Retail, Costco, Jim Cramer's Charitable Locations: U.S, Eaton, Macao, Mizuho, Palo

☆ China has a problem with electric cars, and that's bad news for Elon Musk
▼ + stars: | 2024-04-05 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

Read previewBYD and Tesla both posted anemic first-quarter sales this week, serving up a reminder that demand for electric cars appears to be stalling around the world. China, the world's largest EV market, hasn't been immune to the slowdown. Goldstein said that's a sign he knows Tesla can't win the price war and remain profitable. Bloomberg reported that it recently reduced production to five days a week from 6 ½ days, in a sign of waning demand for its cars in China. AdvertisementIf China joins the US in loving EVs a little less, both Tesla and BYD could be in for a difficult 2024.

Persons: —, Tesla, anemic, hasn't, Seth Goldstein, Morningstar, Elon Musk, Goldstein, that's, BYD Organizations: Service, Car Association, Bloomberg, Business, Tesla, China, Alliance Locations: China, Tesla's, Shanghai

☆ Ford to delay all-electric SUV to focus on offering hybrid vehicles across its lineup by 2030
▼ + stars: | 2024-04-04 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT – Ford Motor is delaying production of a new all-electric three row SUV, as it shifts to offer hybrid options across its entire North American lineup by 2030. The shift in EV plans is the latest for Ford and the entire automotive industry as adoption has been slower than many expected and production costs remain high. Ford last year said it would delay or cancel $12 billion in planned spending on new EVs due to the shifting market conditions as well as challenges to profitably building and selling the vehicles. In the first quarter of 2024, Ford's electric vehicle sales increased by 86% from subdued levels a year earlier. Hybrid sales for the automaker rose 42% year over year, while sales of Ford's traditional vehicles with internal combustion engines were up 2.6%.

Persons: Jim Farley Organizations: DETROIT, Detroit, Ford Locations: Detroit, EVs, Canada, U.S

☆ Shares of Volvo Cars up 6% to November highs on record sales month
▼ + stars: | 2024-04-04 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Sweden's Volvo Cars on Thursday climbed to its highest level since November, after the automaker reported record single-month sales for March and solid electric vehicle growth in Europe. Year-on-year sales of electric vehicles in Europe were 22% higher in the quarter and up 34% year-on-year in March, roughly in line with overall sales growth in that market. Sales of electric models to China, the largest EV market, dropped by 36% despite a 4% hike in overall sales. Overall sales growth was 17%. "These numbers reflect the strength of our strategy and product diversity - offering fully electric cars alongside plug-in hybrids and mild hybrids in the right mix," Volvo Cars' Deputy CEO Björn Annwall said in a statement.

Persons: Björn Annwall Organizations: Volvo, Volvo Cars, EV Locations: Europe, London, China

☆ Tesla to explore locations in India for $3 billion EV factory, FT reports
▼ + stars: | 2024-04-04 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

An electric vehicle of the model Y is pictured during the start of the production at Tesla's "Gigafactory" on March 22, 2022 in Gruenheide, southeast of Berlin. The plant could be worth $2 billion to $3 billion, FT reported on Wednesday, citing two people with knowledge about the plans. The EV maker will focus on the states of Maharashtra, Gujarat and Tamil Nadu that already have automotive hubs, according to the report. India last month lowered import tariffs on certain EVs for automakers willing to invest at least $500 million and start domestic manufacturing in the country within three years. Modi met Tesla CEO Elon Musk in June and invited him to explore investment opportunities in India for electric vehicles.

Persons: Tesla, Patrick Pleul, PATRICK PLEUL, Narendra Modi's, Modi, Elon Musk Organizations: Getty, Financial Times Locations: Gruenheide, Berlin, Germany, India, Maharashtra, Gujarat, Tamil Nadu

☆ Yellen returns to China to tackle economic challenges bedeviling ties with US
▼ + stars: | 2024-04-04 | by ( Laura He | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —Janet Yellen has kicked off her second visit to China as US treasury secretary to continue efforts to further stabilize ties between the world’s two largest economies. “During prior meetings with her Chinese interlocutors, Yellen has largely avoided taking a strong stance on controversial issues,” he said. Trade tensionsBiden administration officials have suggested raising tariffs on Chinese imports to “level” the playing field for trade. Former President Donald Trump has threatened to slap 60% tariffs on imports from China if he is re-elected. The “forces” are often referred to as emerging industries such as EVs, new materials and artificial intelligence.

Persons: Hong Kong CNN — Janet Yellen, Yellen, “, ’ Yellen, Joe Biden, Xi Jinping, Li Qiang, Lifeng, Liu He, Pan Gongsheng, Lan Fo’an, Craig Singleton, ”, Biden, Xi’s, Donald Trump, Rick Waters, ’, Xi, Waters, don’t, ” Singleton Organizations: Hong Kong CNN, People’s Bank of China, Finance, Foundation for Defense of Democracies, Bali . Trade, Biden, Trump, Treasury Department Locations: China, Hong Kong, Georgia, United States, California, Guangzhou, Beijing, Washington, Bali ., Eurasia

☆ Why hybrid sales surge as EV sales flatten
▼ + stars: | 2024-04-04 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +3 min

After years of being overshadowed by flashy electric vehicles from Tesla and others, the hybrid — a gas sipper that has both an engine and an electric motor — is back in the spotlight. Hybrid sales grew five times faster than EV sales in February 2024, according to Morgan Stanley. But soon after that, Tesla sparked EV mania with its sleek, quick electric Roadster and Model S, shoving the hybrid to the margins. About two years later, sales of hybrids and plug-ins increased nearly 28% over the previous year. Toyota is not the only one capitalizing on hybrid sales.

Persons: Edmunds, Morgan Stanley, Tesla, Ford, Mary Barra Organizations: EV, Toyota Prius, Hollywood, Toyota, Lexus, Hyundai, General Motors, International Council, Clean Transportation Locations: Tesla, U.S, Edmunds, Georgia, North America

☆ The world is scarred from China shock 1.0. They're not about to let 2.0 happen so easily.
▼ + stars: | 2024-04-04 | by ( Huileng Tan | ) www.businessinsider.com time to read: +8 min

This could create a "China shock 2.0" that impacts other economies around the world. AdvertisementThis is just one of the industries the world is bracing for in the next phase of the "China shock." What happened in China shock 1.0? How Beijing could be creating China shock 2.0Now, China is targeting three new strategic industries that the rest of the world is also eyeing. What are the US and the rest of the world doing about China shock 2.0?

Persons: —, Xi, David H, Autor, David Dorn, Gordon H, Hanson, Rajiv Biswas, who's, Biswas, keener, Janet Yellen, Yellen, it's, Wang Wenbin, Wang, Nomura Organizations: Service, Beijing, OECD, European Union, Department of Energy, Treasury, European Commission, EU, Act, Wall Street, Bloomberg Locations: China, EU, Beijing, Communist China, Georgia, Southeast Asia, Africa, Latin America

☆ We're seeing another late-day stock market selloff. Here's what we think is going on
▼ + stars: | 2024-04-04 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. ET — lining up almost perfectly with the selling in the stock market. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, SPX @CL, Ford, you've, Jim Farley's, Jim Cramer's, Jim Organizations: CNBC, West Texas Intermediate, Treasury, Ford, Ford Blue, EV, Jim Cramer's Charitable Locations: North America, EVs

☆ Tesla has a big competitor. And it is China’s BYD
▼ + stars: | 2024-04-03 | by ( Rosa Deacostanoya | Rosa De Acosta | ) edition.cnn.com time to read: +4 min

In 2023, Tesla sold around 230,000 more cars than BYD. That drop was big enough for Tesla, which sold 386,810 BEVs in the same period, to retake its former position despite posting plunging sales. Both Tesla and BYD are expanding beyond their home markets and investing in factories abroad. BYD sold about 3 million electric cars, including hybrids, in 2023 globally. By comparison, Tesla, which does not sell hybrids, delivered a total of 1.8 million vehicles worldwide last year, which was about 19% of the global market for BEVs.

Persons: Hong Kong CNN —, Wang Chuanfu, It’s, Murthy Grandhi, BYD, Tesla Organizations: Hong Kong CNN, Tesla, Toyota, French PSA Group, Fiat Chrysler Automobiles, Chrysler, Maserati, Peugeot, BMW, Ford, Benz, Ferrari, Yuan, Rho, BEVs Locations: China, Hong Kong, Shenzhen, London, United States, American, Shanghai, California, Canada, European

☆ Elon Musk's Tesla looks set to regain its crown as the world's biggest electric carmaker as BYD sales tumble
▼ + stars: | 2024-04-02 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

It looks like Tesla is about to regain its title as the world's top electric car maker. China's BYD reported on Monday that sales plummeted more than 40% for the first three months of 2024. Elon Musk's company is set to reveal its own quarterly delivery numbers on Wednesday. The slide has caused some to question whether Musk's company deserves its spot in the "Magnificent Seven" group of mega-cap tech stocks. A drop in deliveries would cap a "nightmare quarter for Tesla," said Wedbush analysts in a research note last week.

Persons: Tesla, China's BYD, Elon, —, It's, That's, BYD, Wells Fargo, Bernstein, Warren Buffett Organizations: Elon Musk's, Service, Shenzhen Stock Exchange, BYD, Visible Alpha, Wedbush Securities, Tesla Locations: Shenzhen, Texas, Wells, Hong Kong

☆ GM U.S. vehicle sales fall 1.5% during the first quarter, underperforming other major automakers
▼ + stars: | 2024-04-02 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT – General Motors on Tuesday reported a 1.5% decline in first quarter U.S. vehicle sales compared to a year ago, as the overall auto industry normalizes after years of disruptions and volatile results. Retail sales to customers were up 6%, GM said. GM's sales are below expectations for the overall industry, which Cox Automotive forecast to be up 5.5% from a year earlier. Buick was the only GM brand to report a sales increase during the quarter, up 16.4% from a year earlier. GM reported sales of its full-size pickups totaled roughly 197,000 units, up 3.6% from a year earlier, during the first quarter – marking their best performance during that time since the first quarter of 2020.

Persons: Marissa West Organizations: DETROIT, Motors, U.S, Detroit automaker, GM, Cox, Buick, GMC, Cadillac, Chevrolet, GM North America

☆ Tesla sales plunge far more than expected
▼ + stars: | 2024-04-02 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

Tesla has responded to increased competition by cutting prices. Although Tesla is more profitable than traditional automakers, the price cuts have been squeezing the profit margins that helped boost the stock. But the increased competition in the EV space is a big factor in the decline in demand. In the fourth quarter, Tesla lost the title of the world’s best-selling maker of EVs to Chinese automaker BYD. That has prompted some traditional automakers, such as General Motors and Ford, to pull back on their EV production plans.

Persons: New York CNN — Tesla, Elon, it’s, Tesla, Dan Ives, ” Ives, ” Organizations: New, New York CNN, Western, Tesla, Wedbush Securities, Motors, Ford Locations: New York, Fremont, China, Europe

DETROIT (AP) — Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to draw more buyers. In its letter to investors in January, Tesla predicted “notably lower” sales growth this year. In March it temporarily knocked $1,000 off the Model Y, its top-selling vehicle. During the quarter, Tesla lost production time in Germany after a suspected arson attack cut its power supply. But sales growth slowed toward the end of the year.

Persons: Tesla, FactSet, Dan Ives, ”, Elon Musk, ” Ives, Ives, Itay Organizations: DETROIT, Tesla, Citi, U.S, EV Locations: Austin , Texas, Fremont , California, Red, China, Germany

☆ BYD hands back top EV seller title to Tesla after Q1 sales decline
▼ + stars: | 2024-04-02 | by ( ) www.cnbc.com time to read: +2 min

BYD, China's biggest electric vehicle (EV) maker, reported first quarter 2024 sales fell 43% compared to the fourth quarter of 2023, handing back the title of world's biggest EV seller to Tesla after winning it last year. But, BYD's quarterly drop means Tesla took back the sales title based on first-quarter deliveries for Tesla of 386,810, a decline of 20.2% from the prior quarter and 8.5% from a year ago. Tesla sold 89,064 China-made vehicles in March, up 0.2% from a year earlier, data from the China Passenger Car Association showed on Tuesday. BYD reported an all-time monthly high of 341,043 units in December. Last week, BYD set a 3.6-million-unit sales target for 2024, a 20% increase from its record-breaking sales last year, Reuters reported citing sources.

Persons: Tesla, BYD, BYD's Organizations: Shenzhen Stock Exchange, China Passenger Car Association, Reuters Locations: China

☆ Elon Musk's having a terrible year
▼ + stars: | 2024-04-02 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Read preview2024 has been off to a rough start for Elon Musk. Musk's golden child, Tesla, has been facing headwinds in recent months. In the US, Musk's company is also facing softening demand from customers who appear to be growing increasingly weary of Musk's antics. Thus far, Musk's purchase of Twitter doesn't appear to be going according to plan. A judge recently tossed out a lawsuit Musk's X filed against a research group, saying the suit was an attempt to bully the social media site's critics into silence.

Persons: —, Elon Musk, Tesla, Justin Sullivan Wedbush, Dan Ives, Ives, — that's, Oppenheimer, Colin Rusch, Musk, he's, OpenAI, Sam Altman, Kent Nishimura, Musk's X, X, Neuralink Organizations: Service, Elon, Business, EV, Twitter, CNBC, Tesla, Bloomberg, Fidelity, SpaceX Locations: Berlin, BYD

☆ Researchers are testing out a highway to charge your EV while you drive
▼ + stars: | 2024-04-01 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Indiana researchers are testing out a highway that can wirelessly charge electric vehicles. They say their technology is so powerful that it can even charge an electric semitruck. AdvertisementOne of the biggest downsides of owning an electric vehicle is having to stop and charge it, but a group of researchers out of Indiana wants to change that. Highways that can wirelessly charge your EV while you drive, even at high speeds. Engineers at Purdue University and the Indiana Department of Transportation announced last week that they're developing a section of highway that could charge electric vehicles, even electric semitrucks, while they drive at 65 mph.

Persons: — Organizations: Service, Engineers, Purdue University, Indiana Department of Transportation Locations: Indiana

Search resuls for: "Evs"

25 mentions found