$1,000 Monthly New Car Payments Becoming Increasingly Normal

$1,000 Monthly New Car Payments Becoming Increasingly Normal

Photo: Spencer Platt (Getty Images) There’s another exciting new metric for how expensive cars are getting, Tesla’s global factory logjams are catching up with it and Renault and Nissan need to leave each other already. All that and more in this Friday edition of The Morning Shift for July 1, 2022. 1st Gear: Sign of … Read more

Elon Musk is a smart person but he doesn’t understand ESG: Tech CEO

Elon Musk is a smart person but he doesn't understand ESG: Tech CEO

In May, electric-vehicle maker Tesla was removed from the S&P 500’s ESG Index. In response, CEO Elon Musk tweeted that ESG was “a scam” that had been “been weaponized by phony social justice warriors.” jim watson | AFP | Getty Images Tesla chief Elon Musk may have misunderstood the meaning behind ESG (environmental, social, and … Read more

Toyota Has More Bad News for Vehicle Owners

Toyota Has More Bad News for Vehicle Owners

Toyota Motor Corp. (TM) – Get Toyota Motor Corporation Report which launched its first US electric vehicle bZ4x in April, has had a run of bad luck over the past year. Despite rolling out its new all-electric vehicle to compete against Tesla (TSLA) – Get Tesla Inc. ReportFord (F) – Get Ford Motor Company ReportGeneral … Read more

Musk Cites Tesla Bankruptcy Fears, Wants You to Know Something Big

Musk Cites Tesla Bankruptcy Fears, Wants You to Know Something Big

Elon Musk wants to share some good news. The Tesla (TSLA) – Get Tesla Inc. Report CEO has been facing some challenges lately, including layoffs, lawsuits as a result of the layoffs and, according to the world’s richest man himself, concerns about bankruptcy. Musk said the electric vehicle maker faces billions of dollars in losses … Read more

Polestar (PSNY) stock debuts on Nasdaq after SPAC merger

Polestar (PSNY) stock debuts on Nasdaq after SPAC merger

Shares of Polestar made their public-market debut under the ticker “PSNY” on Friday, making it the latest electric vehicle maker to go public via a merger with a special purpose acquisition company, or SPAC. Polestar’s stock began trading on the Nasdaq exchange one day after it completed its merger with the SPAC Gores Guggenheim. The … Read more

I Regret to Report That the Most American-Made Car Is a Tesla

I Regret to Report That the Most American-Made Car Is a Tesla

Photo: Associated Press Tesla seems to be leading the pack when it comes American-made cars, Senator Joe Manchin killed your hope of getting a bonus tax credit for EVs made with domestic union labor, and General Motors is hitting the pause button at the Hummer EV factory… but it’s a good thing. More: my cat … Read more

GM Copies Tesla and Rivian But Risks Angering Consumers

GM Copies Tesla and Rivian But Risks Angering Consumers

General Motors (GM) – Get General Motors Company Report was patient but finally decided to react. The Detroit giant is confronted, like its rivals, with disruptions linked to supply chains, the chip shortage and the soaring prices of raw materials, such as nickel, had first waited before reacting. Its rivals, like Tesla (TSLA) – Get … Read more