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☆ 5 tips for charging your electric car at home, according to a top EV executive at GM
▼ + stars: | 2023-05-10 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

It's important to put a lot of research into your charger purchase when you shop for an EV. Right now, about 80% of all EV charging is done at home when your car is stationary for the longest time, Sequeria said. GM has addressed this by integrating the charging purchase into the vehicle purchase at the dealership, he said. (More on EV charging types and levels here). Learn more about how your local utility charges for electricityNot all states are the same when it comes to charging for charging.

☆ Tesla's price cuts and hikes explained: Why it seems like Elon Musk can't make up his mind on pricing
▼ + stars: | 2023-05-05 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

The latest price hikes could mean Tesla is done lathering on the discounts for now. Elon Musk is changing his mind about Tesla pricing – again. Recent hikes are a sign to investors that Musk is likely done price-slashing for now. Even with this hike, base Model Y prices are down 24% since January and base Model 3 prices are down 14% over the same period. "When you lease, you can really bypass a lot of the problems that come with pricing," Drury said.

☆ Ford CEO: Elon Musk is taking a page from Henry Ford's playbook with his EV price war
▼ + stars: | 2023-04-27 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

"This has all happened before," Ford CEO Jim Farley said. Musk's price cutting strategy is similar to what Henry Ford did in 1913. Ford Chief Executive Jim Farley says Elon Musk's price war strategy for electric vehicles isn't anything new. Farley told reporters last week that Musk's idea to slash prices and protect volume over profit margins is a play right out of Henry Ford's Model T playbook. The price cutting strategy has had an adverse effect on Tesla's profit margins, spooking some investors, but Musk has insisted he knows what he's doing.

☆ Used Teslas are holding their value better than other cars despite Elon Musk's price cuts
▼ + stars: | 2023-04-26 | by ( Nora Naughton | Alexa St. John | ) www.businessinsider.com time to read: +5 min

Used Tesla Model 3 and Model Ys aren't depreciating substantially, a new study says. Elon Musk's price-cutting frenzy at Tesla doesn't appear to be impacting the company's impressive resale values, according to new data released this week. Slightly more used EVs are being priced just below $25,000 in recent months in order for customers to get the used credit. In September of last year, Tesla made up for roughly two-thirds of the used EV market. This prevents Teslas from flooding the used car market and gives the company more control over its own resale market.

☆ China doesn’t want US cars like Ford and General Motors. That’s a big problem for their futures.
▼ + stars: | 2023-04-24 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

America has a problem: China — the world's largest car market — doesn't want its vehicles. In 2022, data shows Ford and General Motors' car sales in China each dropped more than 20% from the year before. My colleagues Alexa St. John and Nora Naughton break down how the future of US automakers hinges on China. Although Google founder Larry Page's flying car company Kittyhawk majorly flopped, it left us with some interesting vehicles. Hop aboard to see all the funky flying car models here.

☆ Tesla's price cuts highlight Elon Musk's last advantage in the EV business
▼ + stars: | 2023-04-23 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

Teslas are cheaper than everA Tesla Model Y. Patrick Pleul/Getty ImagesIn the market for a new car? Elon Musk's hoping that recent price cuts might turn you on to a Tesla. The billionaire might just be turning to his one remaining advantage in the EV business. But Tesla can cut prices and still deliver profits, something rival automakers struggle to do in their EV businesses. While Tesla investors are worrying about profits, Musk's rivals have their own reasons to be concerned, Stephen Beck, founder and managing partner of consultancy cg42, told Insider.

☆ China doesn't want American cars anymore — that's bad news for Ford and GM
▼ + stars: | 2023-04-22 | by ( Alexa St. John | Nora Naughton | ) www.businessinsider.com time to read: +4 min

American car companies' sales in China have been on a steady decline. "The market has totally changed," Ford CEO Jim Farley said about ChinaWithout China, American car companies will likely lean into US electric vehicle sales. Some of this can be attributed to Chinese car companies' ability to build better and cheaper cars, especially EVs, that consumers are keen to buy. Car companies will double down on US buyers and EVsAs the industry bounced back from the Great Recession, and China became the fastest-growing (and EV friendly) car market in the world, American car companies rushed to enter the market. The China vs America face-off is at a stalemate – for nowWhile American companies lose ground in China, there is a bright spot.

☆ Elon Musk isn't giving up on his price war, and it's making Tesla investors anxious
▼ + stars: | 2023-04-20 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

Tesla's profits took a hit in Q1 thanks to price cuts. Margins are now 'keeping Tesla investors up at night,' Wedbush analyst Dan Ives said. "Margins are now a delicate issue that are keeping Tesla investors up at night," Wedbush analyst Dan Ives wrote in a Thursday note to clients. Elon says he knows what he's doingWhile some investors angst over Tesla's price cuts, Musk defended the company's strategy in a call with analysts after earnings were released Wednesday evening. "We've taken a view that pushing for higher volumes and a larger fleet is the right choice here, versus a lower volume and higher margin," Musk said.

☆ Teslas are cheaper than ever and its a creating a headache for the entire auto industry
▼ + stars: | 2023-04-19 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

Tesla's price war is spilling over out of the electric vehicle market as Elon Musk's car company continues to slash prices. For example, after Tesla's latest price reductions last week in the US, the Model Y now starts at $46,990. In addition to price reductions, Tesla has been dangling special offers like free charging for new customers. As a strategy for boosting demand, Tesla's price cuts appeared to be working in the first quarter, reporting a 36% increase in deliveries during that period. "I expect if there is a hit to margins, Tesla will be ready with a clear roadmap back to their world-beating margins," he said.

☆ Volkswagen just unveiled its long-range, Tesla-fighting ID.7. See the electric sedan.
▼ + stars: | 2023-04-17 | by ( Nora Naughton | ) www.businessinsider.com time to read: 1 min

We still don't know how much the ID.7 will cost. VW is positioning the ID.7 to take on Tesla's popular Model 3, but without pricing it's hard to know how the cars will stack up against each other with shoppers. The new VW ID.7 sedan is on stage at the Motorenwerk for the model's world premiere. The car, which is just under five meters long, is expected to achieve ranges of up to 700 kilometers in its higher equipment variant and will be offered with modern networking and display technology. Monika Skolimowska/picture alliance via Getty Images

☆ Tesla fans are buzzing about a suspected Model 3 redesign after an unverified photo circulated online
▼ + stars: | 2023-04-14 | by ( Nora Naughton | ) www.businessinsider.com time to read: +2 min

Reddit post reignites Model 3 redesign rumors. Rumors of Tesla's first-ever major redesign are intensifying after pictures appeared to leak online this week of a refreshed Model 3. Tesla analysts have long suspected that a Model 3 redesign is in the pipeline for this year, and some Tesla fans have started posting suspected photos of these models online in recent months. Tesla is taking on the mass marketMusk has said Tesla aims to build 2 million vehicles this year, nearly doubling its 2022 production capacity. These moves, coupled with redesigns, are all but necessary in order for Tesla to truly compete with the likes of GM and Toyota.

☆ Watch the Tesla Cybertruck run suspension tests at the Fremont factory
▼ + stars: | 2023-04-05 | by ( Nora Naughton | ) www.businessinsider.com time to read: +2 min

Elon Musk has slowly dripped out details about the electric pickup truck since the reveal in 2019. In the years since the Cybertruck reveal, Elon Musk has slowly dripped out details on the truck. Once the Cybertruck does go on sale, it will be entering an increasingly crowded electric pickup truck market. GM is also planning to release an all-electric version of its popular Chevrolet Silverado truck this fall, while Ram's upcoming electric pickup truck is featured at the New York Auto Show this week. Watch the latest Cybertruck video here:Are you a Cybertruck order-holder?

☆ Elon Musk's price cuts at Tesla are working – for now
▼ + stars: | 2023-04-03 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

Tesla reported record-breaking Q1 deliveries of 422,875 vehicles. Analysts warn price cuts alone can't keep competition at bay. This record-breaking first-quarter delivery report from comes after Tesla engaged in a series of price cuts and other purchase incentives for the last several months, a move that some investors worried would have too much adverse impact on the company's profit margins. Other analysts and industry experts initially wondered if Musk was using price cuts to turn Tesla's demand problem into an advantage over his competitors. But analysts warn that price cuts alone cannot stave off competition forever.

☆ Tesla's looks are getting stale, and Elon Musk can't ignore it forever
▼ + stars: | 2023-03-31 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

Rumors have swirled about Model 3 and Model Y updates, but nothing official yet from Tesla. "When you move to higher-volume vehicles, you have to start keeping up with the Joneses," one analyst said. Rumors have swirled online about incoming refreshes of the Model 3 and Model Y vehicles, but Tesla has yet to set a release date for these updates. "When you move to higher-volume vehicles, you have to start keeping up with the Joneses," Fiorani said. This year, Musk has said Tesla aims to build 2 million vehicles, nearly doubling its 2022 production capacity.

☆ People are so desperate to get an EV that they're putting deposits down on multiple and buying whichever one is built first
▼ + stars: | 2023-03-31 | by ( Nora Naughton | Alexa St. John | ) www.businessinsider.com time to read: +6 min

Without dealers, startups are learning new lessons in customer service. "At this point I've pretty much made up my mind," Pao said, "I'm just going to cancel my Rivian order." EV startups learn customer serviceElectric vehicle startups are learning a tough lesson in customer service, Caldwell said, as they try to keep would-be buyers on the hook for years on end. Some of Rivan's order-holders are losing hopeInsider has spoken or corresponded with nearly three dozen current and former Rivian order holders in recent months. Are you a current or former Rivian employee, Rivian vehicle owner, or Rivian order holder?

☆ Jeep's CEO doesn't think there are enough raw materials on earth to meet electric-car demand
▼ + stars: | 2023-03-29 | by ( Alexa St. John | Nora Naughton | ) www.businessinsider.com time to read: +4 min

Automakers are already racing to secure limited raw materials. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyStellantis' CEO doesn't think there are enough raw materials readily available to meet electric vehicle needs. "The affordability is not there, because the raw materials are scarce and very expensive, and I would add very volatile," Tavares said. Tesla CEO Elon Musk has emphasized just how much of a challenge getting these materials will be for EV-makers. Even mining executives have expressed concern that demand for these materials continues to outstrip the current available supply.

☆ A Rivian buyer got his dream car after a 3-year wait. Days later, the car was dead and he faced a $2,100 bill.
▼ + stars: | 2023-03-25 | by ( Nora Naughton | ) www.businessinsider.com time to read: +7 min

In an interview with Insider, Rivian executives said the car did exactly what it was programmed to do in a dangerous slide-away situation. Rivian risks alienating early adoptersChase Merrill's Rivian R1S the day it was delivered. Chase MerrillMerrill isn't the first early Rivian fan to start souring on the company. Merrill's Rivian returns with an error messageChase Merrill's disabled Rivian R1S is loaded onto a flatbed tow truck. After Insider called Rivian this week to ask about Merrill's experience, a Rivian representative called Merrill and offered to cover the $2,100 bill.

☆ Ford is already working on another electric pickup truck as it ratchets up the pressure on Tesla
▼ + stars: | 2023-03-24 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

Ford announced plans for its next electric pickup truck. The yet-to-be-named truck, code-named Project T3, will join Ford's popular F-150 Lightning electric truck and the Mustang Mach-E SUV in the company's EV lineup. This means engineering an electric pickup truck that is "fully updatable, constantly improving, and supports towing, hauling, exportable power and endless new innovations owners will want," Ford said. Once the new truck assembly line is complete, it will be capable of producing 500,000 electric truck a year at full production, Ford said. Cost-saving efforts will be key for the success of Ford's electric vehicle business, which this year is on track to burn $3 billion this year alone.

☆ Ford says it will burn $3 billion on EVs this year, in a bleak signal for the cars that underpin its future
▼ + stars: | 2023-03-23 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

Ford Chief Financial Officer John Lawler rationalized the expected losses on a call with reporters by explaining that Ford Model e exists as an "EV startup within Ford." As part of this restructuring, Ford created Model e, the EV division, Ford Blue, the gas-powered vehicle division, and Ford Pro, the commercial vehicle division. For now, Ford says, its Blue and Pro divisions will be driving profits while Model e loses money. While Model e is slated to lose money this year, Ford provided profitable projections for its Blue and Pro divisions this year. For 2023, Ford Blue is expected to earn about $7 billion for the company, while Ford Pro's earnings before taxes are expected to near $6 billion, the company said Thursday.

☆ Tesla is rolling out its first Full Self-Driving update after a recall — see the new features
▼ + stars: | 2023-03-21 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

Tesla is addressing a recall issued last month to some cars equipped with Full Self Driving, or FSD. The latest FSD update is rolling out gradually, and drivers should be notified by April 15. The update comes with a variety of new features, including a merging of FSD and Tesla's Autopilot highway driver assist software. This week's update is also designed to address NHTSA's recall, according to text from the update posted to a Tesla blog that crowdsources from owners. Tesla's driver assist features are under investigationTesla's Autopilot driver assist software has drawn the scrutiny of regulators for several years.

☆ EV owners are increasingly frustrated with home charging, and it should worry every electric car maker
▼ + stars: | 2023-03-16 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

EV owners need to learn more about cost-saving options for home charging. Power study of EV owners who use Level 2 home-charging stations found that overall satisfaction in the home charging experiences has declined 12 points since last year. Where you are and what you drive mattersGeography played a role in overall satisfaction levels with home charging, J.D. Only about half of EV owners in the study said they had an understanding of their local utility company programs for home charging. "This can snowball into helping potential EV owners make a more informed purchase decision, as well as minimizing home charging concerns and supporting greater EV adoption," Chung said.

☆ The tech layoff contagion is hitting automakers — but it's not like what's happening at Google, Meta, and Microsoft
▼ + stars: | 2023-03-15 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

But the downsizing wave hitting the automotive industry isn't quite the same as the one plaguing tech giants like Google, Meta, and Microsoft. Silicon Valley takes a lesson from DetroitLayoffs and buyouts are nothing new to the automotive industry, especially in the last few years. In French's view, the tech industry is taking a page from Detroit's playbook as it trims its ranks this year. He's skeptical of claims that tech companies are already victims of an economic downturn, and instead believes these companies are bracing for the worst before a true "bloodbath." "Tech companies are taking the lead from what automotive companies have done in the past and trying to brace for that downturn before it really hits."

☆ Automotive manufacturing expert says Tesla's Mexico factory is a 'genius move' for building a $25,000 car
▼ + stars: | 2023-03-14 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

Building in Mexico could be the key to the $25,000 Tesla. Even without unveiling the affordable model, one manufacturing expert is convinced Tesla has the chops to pull it off. The affordable Tesla will be unveiled "at a later date." Some of the industry's most profitable vehicles are built in Mexico, including some General Motors pickup trucks and heavy-duty Ram pickups. That car is supposed to come out this year if the company is on track with those original plans.

☆ These hopeful electric-car buyers have deposits at multiple automakers. They just want a car.
▼ + stars: | 2023-03-10 | by ( Nora Naughton | Alexa St. John | ) www.businessinsider.com time to read: +6 min

"At this point I've pretty much made up my mind," Pao said, "I'm just going to cancel my Rivian order." Customers are hedging their bets with orders for vehicles from multiple companies, from startups like Rivian to legacy companies like Ford and Toyota. EV startups learn customer serviceElectric vehicle startups are learning a tough lesson in customer service, Caldwell said, as they try to keep would-be buyers on the hook for years on end. Some of Rivan's order-holders are losing hopeInsider has spoken or corresponded with nearly three dozen current and former Rivian order holders in recent months. Are you a current or former Rivian employee, Rivian vehicle owner, or Rivian order holder?

☆ GM offers buyouts to most salaried employees, in a bleak warning for white-collar workers
▼ + stars: | 2023-03-09 | by ( Nora Naughton | ) www.businessinsider.com time to read: +2 min

GM employees have until March 24 to accept buyout offers. Salaried employees with at least five years of experience qualify for the buyouts. The buyout program is part of GM's plan to "accelerate attrition and achieve $2 billion in cost savings by the end of 2024," spokesperson Maria Raynal said in an emailed statement. Eligible employees have until March 24 to accept the buyout offer, and once approved will leave the company by June 30. GM last rationalized its workforce in 2019, slashing about 15% of its North American salaried employees at the same time the company initiated plans to close several factories.

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