VinFast slumps for third straight day after eye-popping market debut

Texas EV owners prepare as additional fees kick in Sep. 1st

Texas electric vehicle owners are preparing for a rule change after state lawmakers approved a $200 annual fee added to their EVs registration charges.

Earlier this year, Texas lawmakers gave the green light to a fee that applies to all electric cars and trucks in the state. This fee, including a $400 charge for first-time registration, aims to fix what legislators pointed out as an... More

Tesla (TSLA) China registration numbers suggest a strong August showing

Recent estimates from industry watchers indicate that Teslas (NASDAQ: TSLA) China unit is in position to report impressive August numbers, with estimates showing the car maker receiving 13,900 insurance registrations in the week ending August 20. Less than 1% off their 2nd week numbers, which were estimated at 14,000.

Looking at Tesla's performance during the week of August 14-20, 2023, it seems that the company has achieved approximately 39,400 new... More

VinFast Auto (VFS) Halted on Volatility, Now Up 136%

VinFast Auto (NASDAQ: VFS) Halted on Volatility, Now Up 136%

VinFast Auto (VFS) Climbs 72%

VinFast Auto (NASDAQ: VFS) Climbs 72%

Stellantis (STLA) AEG report shows a union strike could cost the U.S. auto industry $5.5B

Anderson Economic Group (AEG) released a report late last week highlighting the potential economic impact of a 10-day auto union strike. According to the report, AEG estimates a strike on all three automakers by 143,000 United Auto Workers (UAW) members could result in a total economic loss of more than $5 billion after 10 full days.

The assessment adopts a holistic perspective, considering not only the impacts on workers and manufacturers, but also the potential repercussions on car dealers and parts suppliers that could result from a... More

Tesla (TSLA) reveals May data breach was an inside job

Electric vehicle giant, Tesla (NASDAQ: TSLA) filed a data breach notification with Maines attorney general on Friday notifying authorities that an investigation into a data breach that occurred in May found that two employees were responsible for the incident.

According to the notification, the Insider wrongdoing when the two employees sent personally identifying information, including names, addresses, phone numbers, employment-related... More

California DMV probes GM's Cruise robotaxi following crash

The California Department of Motor Vehicles (DMV) announced Friday that the state auto regulator has opened an investigation into recent concerning incidents surrounding General Motors (NYSE: GM) Cruise autonomous vehicle unit. The DMV has also asked that GM remove half of their robotaxis from service while the investigation is under way.

The statement from the California DMV follows an incident involving a Cruise robotaxi and an emergency vehicle in San Francisco late on Thursday, the latest accident involving the self-driving cars.

"The DMV reserves the right,... More

NHTSA probes 2022 Ford (F) Mach-E recall as problems persist

The National Highway Traffic Safety Administration (NHTSA) revealed Monday that the safety regulator has opened an investigation into whether a 2022 Ford (NYSE: F) recall of 49,000 Ford Mustang Mach-E electric vehicles properly addressed safety concerns, and if the recall should be expanded.

Ford initiated a recall in June 2022 due to a potential issue with high voltage battery main contactors. These contactors have the potential to overheat as a result of DC fast-charging and repetitive wide-open pedal events. This overheating could lead to an abrupt loss of power for propulsion,... More