Smart Cars
Tesla Faces Scrutiny Over $1.4 Billion Balance Sheet Shortfall
March 20, 2025 – A significant discrepancy of $1.4 billion has been uncovered on Tesla’s balance sheet, as reported by the Financial Times yesterday. Tesla has yet to respond to requests for comment. According to the Financial Times’ analysis, a comparison between Tesla’s capital expenditures in the second half of 2024 and the valuation of…
Tesla Cybercab Taxi Boasts 300-Mile Range with Under 50kWh Battery
March 18, 2025 – Tesla Executives Unveil Detailed Information About Cybercab Autonomous Taxi In a recent discussion with automotive engineering expert Sandy Munro, Tesla’s Vice President of Vehicle Engineering, Lars Moravy, and Senior Vice President of Design, Franz von Holzhausen, shared insights into the company’s upcoming autonomous taxi service, highlighting the Cybercab as its primary…
Tesla’s Australia Chief Announces Price Stability for New Model Y to Combat Chinese Competition
March 17, 2025 – In an interview with Chasing Cars, Thom Drew, the Regional Director for Tesla in New Zealand and Australia, revealed that with the launch of the new Model Y, Tesla aims to abandon its strategy of frequent price adjustments to better compete with Chinese electric vehicle manufacturers. Drew emphasized that the new…
Revolutionary Self-Repairing EV Battery by Norwegian Researchers: Enhancing Performance and Longevity
March 17, 2025 – European scientists, as reported by TechXplore, have highlighted a new type of eco-friendly battery with self-healing capabilities that could offer innovative solutions for the electric vehicle (EV) industry, aiming to reduce costs, enhance safety, and improve energy density and charging speeds. SINTEF, a Norwegian research institution dedicated to industrial and technological…
Porsche SE Clarifies – No Plans for Volkswagen Equity Divestiture
March 17, 2025 – Porsche SE, the holding company of the prestigious automaker, is rumored to be contemplating the sale of a portion of its stake in Volkswagen (VW), according to a report by German newspaper Bild on March 16. The potential move aims to unlock funds for alternative investments. However, Porsche SE issued a…
Tesla Struggles in Germany as 94%+ of Surveyed Consumers Say ‘No’
March 16, 2025 – A recent survey involving over 100,000 Germans has revealed a stark decline in interest for Tesla vehicles, with a staggering 94% of respondents indicating they would not consider purchasing a Tesla. This finding adds to the company’s growing challenges in Europe, a crucial market where its sales have already been on…
Tesla Denies Current Collaboration with Baidu on Enhancing FSD
March 14, 2025 – According to a report by Reuters yesterday, Tesla is collaborating with Baidu, which has been supplying navigation maps to Tesla since 2020, to enhance the performance of its FSD driving assistance system. However, Tesla responded to Tencent Technology, stating that there is no relevant news at the moment. Citing informed sources,…
Renault’s Luca de Meo Urges European Auto Industry to Emulate China’s Success
March 12, 2025 – Luca de Meo, CEO of the Renault Group, recently made a public appeal in an article titled “What the Chinese Have Taught Us” published by French newspaper Ouest-France. De Meo emphasized the need for Europe to change its mindset and learn from China in the automotive industry, given China’s strong development…
Musk Continues Fight for $56 Billion Tesla Pay Package in Appeals Court
March 12, 2025 – According to Reuters, Elon Musk has officially filed an appeal on Tuesday local time, seeking to reinstate his $56 billion Tesla compensation package. In January 2024, Chancellor Kathaleen McCormick revoked the stock option compensation plan, citing its “unimaginable magnitude”. She deemed it unfair to Tesla shareholders, arguing that the board members…
Mercedes-Benz Embraces Hesai Lidar for Global Vehicle Development
March 12, 2025 – In a recent revelation shared with Reuters, a well-informed source has disclosed Mercedes-Benz’s ambitious plan to roll out autonomous vehicles equipped with lidar sensors manufactured by Chinese company Hesai Technology for the global market. This marks a pioneering move by a foreign automaker to incorporate such Chinese-made technology into models sold…