Tesla’s loss in market capitalization equals almost the entire legacy auto industry combined – one of the most significant losses in value of all time. In 2020, Tesla became the most valuable automaker in the world. The company quickly blew past that and eventually reached a valuation of over $1 trillion. But that was last
Month: December 2022
Drifting McLaren 720S Covered Entirely In Christmas Lights Is A Sight To Behold | Carscoops Adding Christmas lights to the McLaren makes the bold-looking supercar stand out even more than it already does by Andrew Gutman 12 hours ago by Andrew Gutman The McLaren 720S is already one of the more ostentatious supercars on the
When the Indy Autonomous Challenge racing series made its CES debut last year, the concept of self-driving cars traveling at speeds approaching 170 mph attracted considerable attention. “There was, I think, a lot of shock and awe that it was even possible in today’s day and age,” said Paul Mitchell, CEO of Energy Systems Network,
In this article TSLA RACE-IT Follow your favorite stocksCREATE FREE ACCOUNT The Ferrari SP38 seen at Goodwood Festival of Speed 2022 on June 23rd in Chichester, England. Martyn Lucy | Getty Images This year wasn’t about which auto manufacturer stock performed the best. It was about which stock managed to escape the worst of the
Volkswagen confirmed today that a new member of its all-electric family will be introduced at the upcoming 2023 Consumer Electronics Show (CES) in early January. The German manufacturer did not reveal any details, teasers, or even the name of the car yet (it will be announced at the show). The only thing that we know
We’re Driving The 2023 Genesis GV60 Performance AWD, What Do You Want To Know? | Carscoops With up to 483 Hp under the hood, the GV60 Performance can rocket to 62mph (100km/h) in 4.0 seconds by Brad Anderson 3 hours ago by Brad Anderson The 2023 Genesis GV60 Performance AWD may share its underpinning with
8:48 AM ET McLaren CEO Zak Brown says the FIA is right to try to find a balance around drivers making political gestures at races as he feels protests and statements got “out of control” on several occasions in recent years. Motor racing’s governing body added a new article to its sporting code this month
These Icy Winter Weather Accidents Are Sliding Into Your Feed | Carscoops In the battle between ice and cars, the ice has yet to lose by Stephen Rivers 1 hour ago by Stephen Rivers Winter weather brings freezing temperatures to much of the nation and in the process, the roads get icy. Sadly, even some
SAN FRANCISCO — Tesla buyers who waited months for their new car have had an unusual choice for much of the past two years: keep the new electric vehicle, or sell it at a profit to someone with less patience. But the days of the Tesla flip are numbered — a potential threat to new
In this article TSLA TWTR Follow your favorite stocksCREATE FREE ACCOUNT Tesla’s sell-off intensified on Tuesday, with the stock closing down 11%. Elon Musk’s electric car company is days away from closing out its worst month, quarter and year on record and has moved past Meta to become the worst-performing stock in 2022 among the
A Nissan Z SUV concept will be presented next month at the 2023 Tokyo Auto Salon, but it wasn’t developed by Nissan. Instead, students at the Nissan Automobile Technical College in Japan created it. The concept is called the Nissan Fairlady X, and was built by students learning how to repair crash damage and add
By Simon Alvarez Posted on December 26, 2022 Tesla China has shared a response addressing the reported shutdown of Gigafactory Shanghai’s production. The EV maker’s comments came amidst mainstream media reports claiming that Giga Shanghai has suspended production since Saturday. Over the weekend, Reuters noted that Gigafactory Shanghai had canceled its morning shift. The publication also claimed
The Geely-backed tech startup ECARX has an advantage over bigger rivals such as Nvidia or Qualcomm: It is purely focused on automotive applications, Chairman Ziyu Shen said ahead of the company’s recent market debut. ECARX went public on the Nasdaq exchange (symbol ECX) in New York City on Dec. 21. The listing, through a reverse
8:48 AM ET McLaren CEO Zak Brown says the FIA is right to try to find a balance around drivers making political gestures at races as he feels protests and statements got “out of control” on several occasions in recent years. Motor racing’s governing body added a new article to its sporting code this month
Cars Trapped In Sea Of Ice Following Flood, Freezing Temps | Carscoops A number of vehicles are frozen in ice including an Audi and a Mercedes by Michael Gauthier 17 hours ago by Michael Gauthier Freezing temperatures and flood waters combined into a nasty surprise as a handful of vehicles got trapped in a sea
CES will again serve as a global showcase for the latest innovations in transportation, from scooters to space technology. After a topsy-turvy two years in which COVID-19 stymied efforts to hold a large, fully in-person show, event organizers expect more than 100,000 attendees when CES kicks off Thursday, Jan. 5. In Las Vegas, those visitors
In this article NIO 9866-HK Follow your favorite stocksCREATE FREE ACCOUNT Chinese electric car company Nio delivered more than 5,000 cars in April despite Covid restrictions in some parts of China, albeit down sharply from nearly 10,000 vehicle deliveries in March. Future Publishing | Future Publishing | Getty Images Chinese electric vehicle maker Nio Inc.
Heating and cooling equipment multinational Johnson Controls has developed an air source heat pump prototype that can operate in temperatures below -20F (-29C) as part of the US Department of Energy’s (DOE) Residential Cold Climate Heat Pump Challenge. DOE launched this challenge because, according to the program’s fact sheet, “additional efforts are needed to address
Police Catch 17 Y.O. Mustang Driver Doing 108 Mph In 40 Mph Zone | Carscoops Police utilized radio technology to catch the speeder after initially being unable to catch them by Stephen Rivers 2 hours ago by Stephen Rivers Virginia police officers recently caught a speeding Ford Mustang. While that wouldn’t normally be news, it
The 2023 McLaren Artura has already been recalled for potentially loose nuts that could cause a fuel leak, although the problem only affects a small number of cars in the U.S. High pressure fuel pipes on the recalled vehicles are equipped with cold formed nuts with rolled threads, which can loosen from the connection with
Tesla announced this week that the Kato Road pilot battery facility in Fremont, California achieved a new production milestone. According to the company’s tweet, the team managed to produce roughly 868,000 4680-type cylindrical lithium-ion battery cells during the last 7 days. Tesla added also a reference that such a number is enough for more than
Tesla Inc. is offering U.S. consumers $7,500 to take delivery of its two cheapest models before year-end, a move likely to foment more debate over the extent of the carmaker’s struggle with demand. The discount Tesla is dangling on new Model 3 sedans and Model Y crossovers is double what the company was offering earlier
By William Johnson Posted on December 23, 2022 Porsche has upgraded the Porsche Taycan’s onboard charger and has cut its charging time in half. While the Porsche Taycan has grown its notoriety for being the EV for more traditional performance enthusiasts, its battery specs have lagged behind competitors like Tesla and Lucid. Most notably, the
Special Report: 2022 Hyundai Australia’s N Festival Is The Ultimate Owner Track Day | Carscoops The Hyundai Australia N Festival attracted over 150 N owners for a weekend of driving by Brad Anderson 9 hours ago by Brad Anderson There’s nothing quite like the annual Hyundai Australia N Festival. For each of the past four
Driver-assist systems that lack user-friendliness not only cause drivers frustration, but it may diminish the system’s safety benefits, according to Consumer Reports. People confused by their driver-assist features might disregard them altogether. “If they are not enjoyable to use in the car, if they’re beeping at you incessantly, if they’re doing things that are unexpected
Get a glimpse at some of the SoCal events and clubs the Crew hits up to get inspiration on paint and stance for their cars. Stream the Series Premiere of Kevin Hart’s Muscle Car Crew starting July 2 on the MotorTrend App ➡️ https://bit.ly/3yC6uuD #KevinHart #MotorTrend Get a fast, simple and free car quote ➡️ https://quotes.motortrend.com/ MotorTrend is
The 2024 Cadillac Celestiq EV flagship is a step toward the future for the General Motors luxury brand, but it also resurrects a bit of the past in the form of the Cadillac Goddess mascot. A relic of the days when hood ornaments were fashionable, the Cadillac Goddess appeared on the hoods of various models from
They say that necessity is the mother of invention. And one Canadian man had a serious need for Vietnamese takeout. But since the bike paths hadn’t been plowed, he turned his e-bike into a DIY snow plow using leftover parts to go get his fix. His evening ride for Vietnamese food went viral and made
Several production lines at Volkswagen and FAW’s plant in Chengdu are operating with staff on 11-hour shifts, up from eight usually, to compensate for time lost due to a closure in November, a spokesperson said on Tuesday. Production at the plant was stopped on Nov. 21 for two weeks because of a lack of parts
CarMax Inc.’s fiscal third-quarter earnings miss fueled further concerns about the state of used-car affordability and a larger, lingering slowdown in the used-car market. Used-vehicle giant CarMax slowed its inventory purchases from consumers in light of steep market depreciation in wholesale prices in the quarter ended Nov. 30. Company leaders said the retailer increased its
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