#Tesla recalls 40,000 Model S, Model X cars over steering issue

#Tesla recalls 40,000 Model S, Model X cars over steering issue

“Tesla recalls 40,000 Model S, Model X cars over steering issue” Elon Musk’s Tesla is recalling just over 40,000 2017-2021 Model S and Model X vehicles that may experience a loss of power steering assist when driving on rough roads or after hitting a pothole. The Texas-based electric vehicle manufacturer has released an over-the-air software update to recalibrate…

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#Trevor Milton, Nikola founder, convicted of fraud

#Trevor Milton, Nikola founder, convicted of fraud

“Trevor Milton, Nikola founder, convicted of fraud” Nikola founder Trevor Milton on Friday was convicted by a jury of fraud in a case alleging he lied to investors about the electric vehicle company’s technology. The jury found Milton guilty on one count of securities fraud and two counts of wire fraud after deliberating for around…

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#NASCAR launching electric racing series in 2023: leaked docs

#NASCAR launching electric racing series in 2023: leaked docs

“NASCAR launching electric racing series in 2023: leaked docs” NASCAR hasn’t hidden its intention to electrify stock car racing in the coming years, but it may happen sooner than expected. Documents uncovered by the Kickin’ the Tires website reveal potential plans to launch an electric support series next year. According to the report, NASCAR will demonstrate a prototype…

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#Tesla’s profits rise despite disappointing revenue, factory shutdown

#Tesla’s profits rise despite disappointing revenue, factory shutdown

“Tesla’s profits rise despite disappointing revenue, factory shutdown” Tesla on Wednesday reported a rise in quarterly profit, as a string of price increases on its best-selling vehicles helped offset production challenges, sending its shares up 4% in extended trading. “With each of the Fremont and Shanghai factories achieving their highest-ever production months and new factory…

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#Cadillac’s new electric luxury sedan might cost 0,000

#Cadillac’s new electric luxury sedan might cost $300,000

“Cadillac’s new electric luxury sedan might cost $300,000” Cadillac is aiming to reclaim the mantle of “Standard of the World” as it transforms into an all-electric car brand, and it looks like that means competing with the high-end automakers on both luxury and price. Coming off the launch of its Lyriq SUV, which is already sold…

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#Tesla’s new factories ‘losing billions of dollars’

#Tesla’s new factories ‘losing billions of dollars’

“Tesla’s new factories ‘losing billions of dollars’” Tesla’s new car factories in Texas and Berlin are “losing billions of dollars” as they struggle to increase production because of a shortage of batteries and China port issues, Chief Executive Elon Musk said recently. “Both Berlin and Austin factories are gigantic money furnaces right now. Okay? It’s really like a giant roaring sound,…

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#Sen. John Barrasso slams Biden’s electric vehicle push

#Sen. John Barrasso slams Biden’s electric vehicle push

“Sen. John Barrasso slams Biden’s electric vehicle push” The Biden administration’s push for Americans to buy electric vehicles even as they confront skyrocketing gas prices when they go to fill up their cars reflects a “smug superiority,” said Sen. John Barrasso in a new interview. Barrasso (R-WY) blasted President Biden’s energy policies as gasoline continues…

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