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☆ The 17 longest-range electric cars you can buy in 2023, from the Lucid Air to the BMW i4
  + stars: | 2023-03-22 | by ( Tim Levin | ) www.businessinsider.com   time to read: 1 min
Here they are, ranked in order of lowest to highest range. The Lucid Air Sapphire. Lucid MotorsThis list excludes any 2023 vehicles that don't have public EPA results yet, and some that are classified as too big for regular EPA testing, like the GMC Hummer EV pickup and SUV. We'll update this post as new results come out.
☆ US Sen. Scott pushes for new Fed inspector general, slams Fed over bank regulation,
  + stars: | 2023-03-21 | by ( David Morgan | ) www.reuters.com   time to read: +3 min
Senator Rick Scott said on Monday he will introduce legislation to create an independent inspector general to oversee the Federal Reserve, as he called the U.S. central bank "unable or unwilling to properly regulate" banks in a letter to Fed Chair Jerome Powell. "I am proposing legislation to establish a presidentially-appointed and Senate-confirmed inspector general for the Federal Reserve," Scott told Powell in the letter. The Federal Reserve is responsible for supervising - monitoring, inspecting and examining - certain financial institutions to ensure that they comply with rules and regulations, and that they operate in a safe and sound manner. Scott's legislation stems from concern in Congress that the Federal Reserve's current inspector general is not independent enough to serve as a check on the central bank. Scott also urged the Fed chief to use the central bank's policy meeting this week to examine the bank failures and identify accountable Fed personnel.
☆ Important to have regularity clarity in U.S. crypto markets, says blockchain data firm
  + stars: | 2023-03-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailImportant to have regularity clarity in U.S. crypto markets, says blockchain data firmJonathan Levin of Chainalysis discusses the cryptocurrency rally, the prospects of a pause in interest rate hikes and inflation.
☆ I drove 2 of the coolest big electric SUVs you can buy. See how the $96,000 BMW iX and $92,000 Rivian R1S stack up.
  + stars: | 2023-03-21 | by ( Tim Levin | ) www.businessinsider.com   time to read: 1 min
The limited-run Launch Edition model I drove last year is sold out. A similar R1S costs $92,000 today before any special features or other options. The Rivian R1S. Tim Levin/Insider(Cheaper R1S models are on the way, too.)
☆ Dodge says goodbye to gas-powered muscle cars with a $96,666 Challenger boasting outrageous horsepower and 'horrible' fuel economy
  + stars: | 2023-03-21 | by ( Tim Levin | ) www.businessinsider.com   time to read: +3 min
The 2023 Dodge Challenger SRT Demon 170. The 2023 Dodge Challenger SRT Demon 170. The 2023 Dodge Challenger SRT Demon 170. The 2023 Dodge Challenger SRT Demon 170. The 2023 Dodge Challenger SRT Demon 170.
☆ Tesla reportedly saw an uptick in crashes and mistakes after Elon Musk removed radar from its cars
  + stars: | 2023-03-20 | by ( Grace Kay | ) www.businessinsider.com   time to read: +4 min
In the past, Elon Musk has spoken out against LiDAR, another type of self-driving sensor. Before 2021, the electric-car maker used radar sensors in addition to cameras to help the vehicles identify obstacles. Workers at Tesla train the cars to identify and respond to different obstacles by labeling footage that is taken by the car's cameras. Other self-driving sensors like LiDAR technology are popular with Tesla's self-driving rivals. In the past, Musk has said LiDAR is "doomed" and too costly.
☆ The best used cars under $15,000, according to Consumer Reports
  + stars: | 2023-03-19 | by ( Tim Levin | ) www.businessinsider.com   time to read: 1 min
So it's more important than ever to shop smart. If you're paying an arm and a leg for a secondhand car, truck, or SUV, you better make sure it will last and perform reliably. A used car lot is shown Friday, June 10, 2022, in Salt Lake City. Rick Bowmer/AP Photo
☆ Volkswagen beats Elon Musk in the race to cheap EVs, revealing a car it plans to sell for $26,600
  + stars: | 2023-03-17 | by ( Tim Levin | Alexa St. John | ) www.businessinsider.com   time to read: +4 min
2all concept car won't ever make its way to the US. 2all concept: a small, battery-powered hatchback that it plans to sell for 25,000 euros ($26,600) or less when it goes into production in 2026. The Volkswagen ID. Volkswagen AGMusk's complicated, yearslong journey with the $25,000 EVIn 2020, Musk promised a fully autonomous, $25,000 vehicle as battery costs came down. At Tesla's first-ever Investor Day earlier this month, which many anticipated would bring news about a sub-$30,000 model, Musk mentioned almost nothing of the sort.
☆ Tesla opening its Supercharger network to rivals could be a brilliant marketing move from a company that famously doesn't advertise — with one big risk
  + stars: | 2023-03-17 | by ( Tim Levin | ) www.businessinsider.com   time to read: +4 min
Tesla plans to open 3,500 of its fast-charging plugs to all electric-car owners by the end of 2024. Until now, Tesla's Supercharger network was only for Tesla owners in the US. According to Loren McDonald, CEO of EV industry consultancy EVAdoption, the Supercharger network serves as Tesla's single biggest marketing tactic. Sam Abuelsamid, an auto industry analyst at Guidehouse Insights, agrees that expanding Supercharger access could help Tesla sell more cars. Analysts see another risk: A boom in demand for limited charging stalls could frustrate Tesla owners by crowding popular stations.
☆ Tesla opening its exclusive Superchargers to rivals leaves some owners worried about waiting in line behind Fords and Kias
  + stars: | 2023-03-16 | by ( Tim Levin | ) www.businessinsider.com   time to read: +5 min
The reliable and extensive Supercharger network used to be only for Tesla owners. Some Tesla owners worry the move could lead to long waits at charging stations. He believes the Tesla charging experience is so far ahead of the competition that non-Tesla owners will arrive in droves. Other Tesla owners Insider spoke with don't foresee major issues and cheer a move that could accelerate EV adoption. Experts said Tesla Superchargers could get more crowded, but there probably won't be major issues.
☆ Kia revealed a 3-row electric SUV with swiveling seats and a futuristic design — see the EV9
  + stars: | 2023-03-15 | by ( Tim Levin | ) www.businessinsider.com   time to read: 1 min
Like Kia's smaller (and impressive) EV6 SUV, it features flush door handles that pop out when needed. The 2024 Kia EV9. KiaRead more: The 9 best cars for families
☆ Tesla owner says his app unlocked a stranger's car — and let him drive off with it
  + stars: | 2023-03-14 | by ( Tim Levin | ) www.businessinsider.com   time to read: +2 min
Tesla owner Rajesh Randev says he accidentally drove off in someone else's Tesla. Sometimes, you can even jump in and drive somebody else's electric car, according to Canada-based Tesla owner Rajesh Randev. As he sees it, his Tesla phone app granted him access to someones else's Tesla, he told the paper. The other Tesla driver involved in the mixup was able to unlock Randev's parked car using his Tesla key card, according to the Post. That way, he was able to find Randev's phone number on a document inside the car and inform him of the snafu.
☆ The 9 best cars for families
  + stars: | 2023-03-14 | by ( Tim Levin | ) www.businessinsider.com   time to read: +2 min
US News & World Report released its ranking of the best cars for families in 2023. US News & World Report on Tuesday issued its annual ranking of the best new cars for families. Best 2-Row SUV: Hyundai Santa FeThe Hyundai Santa Fe. HyundaiBest Hybrid Car: Toyota Camry HybridThe Toyota Camry Hybrid. Tim Levin/InsiderBest Hybrid SUV: Toyota Highlander HybridThe 2023 Toyota Highlander.
☆ A Tesla SUV drag raced 2 $500,000 supercars from Ferrari and Lamborghini — the results were too close to call
  + stars: | 2023-03-13 | by ( Tim Levin | ) www.businessinsider.com   time to read: +2 min
A Tesla Model X raced against a Ferrari SF90 Stradale and Lamborghini Aventador SVJ. The Tesla won one race and was extremely close to the Ferrari across the board. The Model X Plaid has 1,020 horsepower but costs less than a quarter of the Italian supercars. Online car-buying marketplace CarWow proved as much in a recent YouTube video pitting the Tesla Model X, Ferrari SF90 Stradale, and Lamborghini Aventador SVJ against each other in a series of quarter-mile drag races. The super-sporty Model X Plaid that CarWow chose for the stunt costs $109,990 in the US.
☆ Silicon Valley Bank depositors are saved at the last minute
  + stars: | 2023-03-13 | by ( Matt Weinberger | ) www.businessinsider.com   time to read: +4 min
By now, you've probably heard a lot about the sudden, bank run-driven collapse of Silicon Valley Bank, one of the tech industry's most stalwart and trusted institutions. Tech startups say they can't access their cash deposited in Silicon Valley Bank. Before the FDIC stepped in to save the day (for depositors, anyway), the collapse of Silicon Valley Bank sparked fear, uncertainty, and panic as startups suddenly lost access to whatever cash they had stashed there. Here's the latest from Insider on the Silicon Valley Bank meltdown:Read more about the financial panic that swept Silicon Valley over the weekend here. Can Silicon Valley succeed where the CDC failed?
☆ Ford's new tech will let electric cars show off with smoky, four-wheel burnouts
  + stars: | 2023-03-10 | by ( Tim Levin | ) www.businessinsider.com   time to read: +2 min
Ford hopes to patent a feature that would let its electric cars do burnouts with their front and rear wheels. That's an engineer's way of saying the tech will enable electric cars to peel out in an epic cloud of smoke. Gas-powered muscle cars and sports cars can already do burnouts by locking their front wheels and smashing the gas to spin the rears. What's special about Ford's tech is it'll let electric vehicle owners spin up the back wheels and the fronts in quick succession. A patent diagram showing a Ford electric SUV doing a burnout with its front wheels.
☆ Rivian R1S Vs Mercedes-Benz EQS SUV: Tesla Rival SUVs Compared
  + stars: | 2023-03-10 | by ( Tim Levin | ) www.businessinsider.com   time to read: 1 min
As Rivian works to accelerate production, the R1S is backordered into oblivion. Aside from that, it's still my personal choice thanks to its cutting-edge feel and rugged capabilities, which fit nicely with my outdoorsy hobbies — or at least those I aspire to have. The Rivian R1S. Tim Levin/Insider
☆ Tesla alums have created a futuristic $125,000 electric RV trailer that'll save your EV's range during road trips
  + stars: | 2023-03-09 | by ( Brittany Chang | Tim Levin | ) www.businessinsider.com   time to read: 1 min
This design, as well as its electric drivetrain that takes the load off of the towing vehicle, then drops the range loss down to nearly zero, according to the team.
☆ 'PayPal Mafia' member says Google and Meta intentionally overhired engineers to prevent them from working at other companies.
  + stars: | 2023-03-09 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +4 min
"PayPal Mafia" member says Google and Meta "do fake work." The companies over-hired thousands of employees to fulfill a "vanity metric," said investor Keith Rabois. He's part of the infamous PayPal cohort (pictured above — he's number nine) that went on to play influential roles at other major tech companies. Rabois estimates that Facebook parent company Meta and Google each have thousands of employees who don't do much. He even suspects that Google intentionally overhired engineers to prevent them from working at other companies.
☆ There's one big problem with Tesla's plan to open its exclusive Supercharger network: The cords aren't long enough for other EVs
  + stars: | 2023-03-08 | by ( Tim Levin | ) www.businessinsider.com   time to read: +4 min
Tesla opened up some of its exclusive Supercharging stations to rival electric vehicles. But the cords are designed for Teslas, meaning that owners of some other cars need to use two spaces. Early this month, Tesla opened a handful of its roughly 1,700 US charging stations to non-Tesla vehicles. (Tesla designed its own charging connector, while the rest of the industry uses a different standard.) Tesla owners sometimes experience long lines at charging stations, particularly during popular travel times.
☆ I drove luxury Tesla rivals from BMW and Mercedes — here's why I'd buy the BMW iX over the competition
  + stars: | 2023-03-08 | by ( Tim Levin | ) www.businessinsider.com   time to read: 1 min
The touchscreens in both vehicles are bright and snappy, but tech takes more of a back seat in the BMW, which some buyers will surely appreciate. The 2022 BMW iX xDrive50. Tim Levin/InsiderRead more: 10 new cars with the highest resale value
☆ These 10 new cars will hold their value the best, saving you thousands when you trade in
  + stars: | 2023-03-07 | by ( Tim Levin | ) www.businessinsider.com   time to read: 1 min
But it projects that the 10 2023 models it chose for this year's top awards will fare better than 95% of the car market, retaining 65% of their value over the same period. A used car lot is shown Friday, June 10, 2022, in Salt Lake City. Rick Bowmer/AP Photo
☆ Workers are clamoring for pricey new weight-loss drugs like Ozempic. Companies are grappling with how to respond.
  + stars: | 2023-03-06 | by ( ) www.businessinsider.com   time to read: +10 min
Companies that pay for workers' health insurance are grappling with how to cover the pricey drugs. Medicare, the federal program that provides health coverage for people 65 and older, doesn't cover weight-loss drugs. ArcBest already has a program to help workers lose weight through behavior changes and nutrition. Krutsch said he wants to build on that, covering the weight-loss drugs Wegovy and Saxenda for employees who aren't able to lose weight without medication. The new weight-loss drugs were in short supply in 2022, and that gave employers time to figure out how to handle them, he said.
☆ Salesforce: A New Dawn. CEO Marc Benioff is pivoting the cloud company from family to profitability.
  + stars: | 2023-03-02 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +4 min
I'm Diamond Naga Siu, and I'm not just talking about the Selena/Hailey 'mean girls' saga — I'm fascinated by the Salesforce spectacle. CEO Marc Benioff recently oversaw the departure of two leading candidates to inherit the Salesforce throne. Now, under their careful watch, Benioff needs to guide the company through a cost-cutting period — something he's never done before. This is quite the turn, considering he was still emphasizing Ohana after laying off 10% of the company in January. CEO Marc Benioff announced on Wednesday that the company is starting a "new day."
☆ I've tested 19 electric cars. There are 4 huge reasons you should consider buying one.
  + stars: | 2023-03-01 | by ( Tim Levin | ) www.businessinsider.com   time to read: +4 min
I've driven electric cars from Tesla, Audi, Porsche, Hyundai, Kia, Volkswagen, Rivian, and more. EVs are quick, fun, and quietThe 2022 Kia EV6 GT-Line. Tim Levin/InsiderAlmost all EVs, from budget Chevys to sporty Audis, have more pep in their step than comparable gas cars. The 2022 Kia EV6. Tim Levin/InsiderSince electric cars lack bulky components like an engine and transmission, automakers enjoy lots of flexibility to add extra interior room for people and stuff.
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