Tesla Lost Almost $100 Billion In Valuation So Far This Year

Good morning! It’s Tuesday, January 16, 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. Walter Isaacson On Elon Musk(s) 1st Gear: Telsa Lost $94 Billion In Two Weeks By all accounts, Tesla … Read more

World’s five richest men have doubled their wealth since 2020: Oxfam

Jeff Bezos looks on from the sidlines before kickoff between the Kansas City Chiefs and Los Angeles Chargers at GEHA Field at Arrowhead Stadium on September 15, 2022 in Kansas City, Missouri. The Amazon founder and chairman is one of the world’s richest men. Cooper Neill | Getty Images Sport | Getty Images The world’s … Read more

Hertz Is Getting Rid Of 20,000 EVs

Happy Friday! It’s January 12, 2024, and this is The Morning Shift — your daily roundup of the top automotive headlines from around the world, all in one place. Here are the important stories you need to know. Jalopinions | The Best Type is Jaguar’s E-Type 1st Gear: Hertz Is Selling A Third Of Its … Read more

New EV Sales In America Have Nearly Quintupled Since 2020

Image: Polestar There has been a lot of doom and gloom about EV adoption slowing down in the U.S. market lately. Sure, the electric segment hasn’t exploded here like it has in other countries, but just under 1.2 million new EVs were sold in 2023, and that’s nothing to sneeze at. A record 7.6 percent … Read more

Tesla stock down on Red Sea delays, price cuts

An employee of the Tesla Gigafactory Berlin Brandenburg works on a production line of a Model Y electric vehicle. Patrick Pleul | Picture Alliance | Getty Images Shares of Tesla dipped as much as 3% Friday morning as the stock faced pressure from supply chain delays due to a crisis on the Red Sea, and … Read more

SpaceX Releases Cringe Elon Musk Staff Meeting Video To Prove He Wasn’t On Drugs, But His Bizarre Behavior Isn’t The Verification They Think It Is

Elon Musk has never been particularly good at public speaking. He’s constantly stumbling over his own words, repeating himself, and forgetting key talking points. Every time I’ve seen a new Tesla unveil, I’ve thought to myself that he looks like he was randomly selected from the crowd and told to give a speech on a … Read more

Tesla raising factory worker pay in U.S., as UAW aims to organize

An aerial view shows the Tesla Fremont Factory in Fremont, California on February 10, 2022. Josh Edelson | AFP | Getty Images Tesla is rolling out “market adjustment” pay increases this month to many of its factory workers across the U.S., according to notices posted at the company’s vehicle assembly plant in Fremont, California. Bloomberg … Read more

SpaceX, T-Mobile send first texts via Starlink satellites

SpaceX founder Elon Musk and T-Mobile CEO Mike Sievert on stage during a T-Mobile and SpaceX joint event on August 25, 2022 in Boca Chica Beach, Texas. Michael Gonzalez | Getty Images SpaceX successfully sent text messages via Starlink satellites using T-Mobile’s network, it announced Wednesday, as Elon Musk’s company aims bring its direct-to-device cell … Read more

Hertz Is Selling Its Fleet Of Rental Tesla Model 3s For Cheap

After Hertz’s full-scale EV adoption plan resulted in its fleet of new Tesla Model 3s getting abused by rideshare drivers and renters alike, Hertz is selling off a portion of its fleet for wildly cheap prices. Before you go snatch up these electrified bargains, keep in mind that Hertz is jettisoning these Model 3s due … Read more

Tesla Drops Range Estimates On Every Vehicle But One

Happy Wednesday! It’s January 10, 2024, and this is The Morning Shift — your daily roundup of the top automotive headlines from around the world, all in one place. Here are the important stories you need to know. The Hype Behind Tesla Stock Success In 2023 1st Gear: Tesla Lowers Estimated Range For All Vehicles … Read more