Senate Majority Leader Schumer To Host Musk, Zuckerberg At Ai Forum In Sepetember - Axios
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European car sales surge in July; EVs grow 61%
August 30, 2023 10:00 AM EDTThe European Automobile Manufacturers Association (ACEA) published its monthly data on Wednesday, revealing a 15.2% surge in new car registrations in Europe for the month of July. This marks the 12th consecutive month of expansion as the automotive sector rebounds from supply chain challenges brought on by the pandemic.
The sales of electric vehicles surged... More
U.S. regulators request additional information in Tesla (TSLA) autopilot investigation
August 29, 2023 3:25 PM EDTDocuments released to the media Tuesday show The National Highway Traffic and Safety Administration (NHTSA) has sent a special order to electric automaker, Tesla (NASDAQ: TSLA) with questions concerning changes to the companys driver monitoring system employed in their autopilot software.
In a notice dated July 26th, the NHTSA expressed concerns about a Tesla update... More
HSBC sees no sign of EV price war in Europe
August 29, 2023 9:09 AM EDTDespite several reports of major price cuts and margin shrink, HSBC believes that the media reports of a pricing war in the European EV market may be somewhat exaggerated.
German newspaper, Handelsblatt recently referenced a PwC Strategy report to support the notion of a BEV price competition extending to Europe. However, this view is in contrast with statements coming from the automobile manufacturers.
HSBC Global Research found that there is a shortage of collected information on pricing in Europe and has decided to launch... More
