AUSTIN, TX - During their recent 2023 third-quarter earnings call, Tesla announced that the company's long-gestating Cybertruck will, after years of delays, be finally delivered to customers on November 30 at its Gigafactory located in Austin, Texas. The announcement comes after Tesla CEO Elon Musk first debuted the ambitious light-duty pickup back in November … [Read more...] about First Models of Tesla’s Cybertruck Finally to be Delivered to Customers November 30
Market Updates
Amid Loss In Gasoline Tax Revenue, Growing Number of States Will Increase EV Fees
WASHINGTON, D.C. - As the adoption of electric vehicles (EVs) throughout the United States has resulted in a steadily decreasing amount of gasoline tax revenue, at least eight states so far have implemented new rules that impose significant annual registration fees – typically at least $200 or more, twice as much as is charged for gas-powered cars – upon EVs as a means of … [Read more...] about Amid Loss In Gasoline Tax Revenue, Growing Number of States Will Increase EV Fees
Prices of Tesla’s Fall Below U.S. Average; Model 3 on Par with Toyota Corolla
AUSTIN, TX - Following numerous pricing cuts on behalf of Tesla, the company’s Model 3 and Model Y – their two best-selling electric vehicles (EVs) worldwide – are now on par with or even below the average transaction price of a new vehicle in the United States; in fact, the price of a Model 3, when government incentives are added in, is now on par with the Toyota Corolla, … [Read more...] about Prices of Tesla’s Fall Below U.S. Average; Model 3 on Par with Toyota Corolla
Heavier Weight of Electric Vehicles Will Require Major Overhaul of Parking Garages
The increased adoption of electric vehicles (EVs) – both in the United States and around the world – has experts noting the increasing need for a major overhaul of parking structure design to accommodate the fact that these vehicles are significantly heavier than their internal combustion engine-powered brethren. EVs are much heavier than gas-powered vehicles … [Read more...] about Heavier Weight of Electric Vehicles Will Require Major Overhaul of Parking Garages
Ford Announces Progress in UAW Talks, But “Significant Gaps to Close” Remain
DETROIT, MI – On Sunday, Ford Motor Company announced that while there has been some degree of progress in their ongoing negotiations with United Auto Workers (UAW), there are still “significant gaps to close” remaining before an agreement can be made with the striking union. Although we are making progress in some areas, we still have significant gaps to close … [Read more...] about Ford Announces Progress in UAW Talks, But “Significant Gaps to Close” Remain