electric car
“Older EVs Facing Early Demise Can Be Saved | Giga Gears”
When you were a kid and you had a little radio control car that you zoomed around the kitchen floor or built jumps for in the back yard, did you throw it away when the batteries died? For many owners of early electric vehicles from a decade or more ago, that seems to be the answer to electrical issues. If your 2012 Tes…
VinFast’s Cash Burn Rate is Alarming | Giga Gears
Good morning! It’s Friday, April 26, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know.
Giga Gears Weekend News April 27, 2024
Things are not going well at Tesla right now. The stock is down more than $100 per share year-to-date, as many as 20,000 people are set to lose their jobs, the Cybertruck keeps breaking, operating profit is expected to be down 40 percent when it’s announced later today and the $25,000 electric vehicle that Tesla has…
Automakers Continue to Discontinue Small Cars, Regretting Decision Later | Giga Gears
The EV revolution has hit a stumbling block. Sure, sales are technically rising, but they’re not rising anywhere near as quickly as projected. Automakers like Ford are losing big on each vehicle sold, with losses totaling in the billions — and now, The Verge reports that Ford is starting to wonder if maybe it should…
“High Costs of EVs Despite Discounts | Giga Gears”
Electric vehicles are seeing huge discounts right now, but those new lower prices are still not enough to get folks to, y’know, buy them. Now, an ever-more-bloated EV inventory is pushing automakers and dealers to slash prices even further. Five-figure price discounts are no longer out of the question.