Beyond tracking your credit score, Experian tracks trends and data in the automotive industry, including the most popular leased models. While the list is typically dominated by high-volume gas vehicles like the Ford F-150 and Nissan Rogue, the Tesla Model 3 is on a run that made it the first EV to make the top 10 most leased vehicles in the second quarter of 2023.
Last month, we reported that Honda and Acura would join Tesla’s North American Charging Standard (NACS). The Japanese automakers rely on General Motors’ EV technology for some new models, and the U.S. company committed to Tesla’s standard early on, so it wasn’t a surprising development that Honda would follow suit. Yesterday, the automakers confirmed the reports and put a timeline on the commitment, stating that they would implement the plugs in new EVs starting in 2025.
We’ve been seeing leaks and hearing teases for the updated Tesla Model 3 for a while now, and it finally looks like the automaker has rolled out the long-awaited refresh. The new car is on sale in China now, bringing refined styling, increased range, and a fresh interior.
Tesla builds cars, sells carbon credits, and operates an extensive EV charging network in the U.S., but its resume could be expanding. CEO Elon Musk hinted at building a diner and drive-in movie theater alongside a Tesla charging station in Southern California years ago, and it now appears the plan could become a reality, as Teslarati reported that the automaker got approval from local officials to proceed.
The internet is full of photos and videos of Tesla vehicles with misaligned body panels and quality control problems upon delivery. CEO Elon Musk is on guard as the automaker’s most anticipated vehicle launch in years approaches, as one of his recent emails surfaced that shows him telling engineering teams that manufacturing tolerances for the truck must be perfect.
Tesla often makes news for misbehaving drivers and how they use its technology, but now the automaker is the subject of a different story. Automotive News reported that a data breach impacted the company in May, affecting more than 75,000 people, and was the result of “insider wrongdoing.”
On Wednesday, Stellantis CEO Carlos Tavares suggested that Tesla’s profitability was on the decline due to the automaker having to confront some of the issues of a legacy manufacturer.
"They are entering my world, the world of tight pricing, cost competitiveness, and the operational issues that a big company like ours may face," Tavares told the press during a presentation of Stellantis’ half-year financial report.
Since everyone loves a little industrial drama, the statement became national news. But is Tesla really on the decline because it’s finally on the level of other multinational automakers or is Tavares just coping?
It will surprise precisely zero of our readers to learn that some carmakers apply optimistic range estimates to their electric vehicles. Prior to EVs taking the stage, it also wasn’t uncommon – especially prior to changes in methods at the EPA – for cars with internal combustion powertrains to bear outsized fuel economy ratings thanks to twisted testing protocols.
If you want to add what Tesla calls full self-driving capability (FSD) to one of its new vehicles, you’re looking at up to $15,000 on top of the price of a new model. In an effort to juice sales this quarter, the automaker is letting existing FSD customers transfer their services to a new model, but only in the next couple of months.
Tesla drivers abusing Autopilot and the company’s “full self-driving” tech have almost become a meme at this point, but there are very real consequences when things go wrong. A California man was behind the wheel of a Tesla Model S in 2019 when it collided with another car, killing the two people inside. The Tesla was using Autopilot at the time, and the driver recently pleaded no contest to two counts of vehicular manslaughter.
The Tesla Cybertruck has finally made it to production, but hopeful buyers shouldn’t be jumping for joy just yet. The company has already confirmed that volume production won’t start until 2024, and if a new Twitter rumor is correct, the truck will only be available in one battery variant at launch.
We’ve been hearing for years that auto shows are a thing of the past and that the internet has killed the personal touches we all loved about the industry. But while it might be true that auto shows aren’t the extravaganzas they once were, it can also be true that there’s still life in the industry and a reason to attend.
Tesla clearly isn’t just a car manufacturer anymore - it’s a buzzword. For some, it’s a synonym for disruption and innovation; for others, that disruption and innovation aren’t all that welcome. And Tesla’s existence is inextricably linked to politics, the ongoing “Full Self Driving” soap opera, and the Almighty’s gift to headline writers himself, Elon Musk. All of this tends to polarize people into “Love Tesla” and “Loathe Tesla” camps, but I think both camps would agree about the brand’s impact - the company has revolutionized the way mass-market cars are designed, powered, and sold.
Tesla’s fortunes seem to have brightened in the last few weeks, as Ford, GM, and Rivian announced a switch to its Supercharger network and a new charging plug standard. Now it appears one of Tesla’s charging competitors is jumping on board, as ChargePoint recently announced the availability of the automaker’s NACS plugs at its locations.
Tesla sparks controversy at almost every turn, but the company’s genius occasionally shines through. It’s becoming increasingly clear that Tesla’s Supercharger network is not only its competitive advantage in the EV space but is a significant asset that will help it remain the company to beat. After Ford, GM, and Rivian signed on to use Tesla’s NACS charging standard, the automaker’s home state of Texas issued new rules requiring that state-sponsored charging stations carry its plugs.
While most automakers were working out what their first all-electric model should be, Tesla was building up a proprietary charging network that helped assure that it would be the EV manufacturer other brands would envy. The vehicles themselves certainly became the benchmark for electric vehicles. But it was the network that guaranteed Tesla’s dominant position in the market. Simply having access to the Supercharger stations is one of the biggest perks of owning a Tesla, as they’re relatively common and suffer less downtime than rival networks.
Despite originally being exclusive to Tesla customers, the brand has decided to open its ports up to the whole world. Ford and General Motors have even signed agreements with the company so that their customers can utilize those charging stations in 2024. Now it appears to be Rivian’s turn.
For a while, it seemed like Tesla would never stop raising prices, but earlier this year, the numbers started falling. It appears Tesla isn’t done offering discounts, as it’s giving buyers up to $7,500 off Model S and Model X vehicles in its inventory and is handing out three years of free charging as a cherry on top.
It was only a few short days ago we brought you news of Ford announcing it will be granting its EVs the capability of hoovering electricity from Tesla-branded charging stations. If that news gave you whiplash, last night’s announcement of a similar move from General Motors will surely put yer back out.
Tesla often comes under fire for running its business far differently from other automakers, which can lead to interesting outcomes with vehicle performance. The latest story comes to us from a Tesla forum, where The Drive noticed users claiming that the company was removing the radar systems from their vehicles without asking.
Should you buy a Camry, or should you buy a car from Elon Musk? If you’re shopping on price alone and live in California, the choice might become a lot simpler after this news. Reuters recently reported that the Model 3 can become less expensive than a new Camry if buyers can capitalize on federal and California state incentives.
On Tuesday, the National Highway Traffic Safety Administration (NHTSA) announced that it was wrapping up its investigation into Tesla’s "Passenger Play" feature. The service originally offered occupants the ability to play a slew of video games while vehicles were in motion. But this was changed after the automaker felt pressure from federal regulators.
Tesla has a new plan to draw in more car buyers and expand its electrification footprint in Texas. The automaker recently launched a new program through Tesla Electric that provides one year of overnight home charging to new Model 3 buyers. If you live in Texas and want to take advantage of the program, make sure you act before June 30.
With rumors that Tesla’s Cybertruck is nearing production status, there’s been renewed interest in speculating about what the vehicle will be like. Suggestions have been made that the all-electric pickup’s body will need to be lightly restyled to adhere to certain safety regulations and curiosity has abounded regarding the truck’s interior design. Will it be as staid and minimalist as the cabin in the Model Y or would it include additional instrumentation like the Model X?
Thanks to some leaked photos, we appear to have our answer.
Ford hasn’t been shy about its ambitions to overtake Tesla as the leading EV producer in the U.S., but the two companies aren’t as angry with each other as you might think. Their chief executives recently sat down for a chat on Twitter Spaces and made a surprise announcement that has generated strong opinions from all corners of the automotive world: Ford EV owners will gain access to around 12,000 North American Tesla Superchargers starting next year.
For a while, it seemed like Tesla's values would never come back to Earth. Buyers lucky enough to get a new EV from the automaker were flipping their cars for way more than the asking price, and many people overpaid as a result. Tesla started cutting prices earlier this year, making all models more attainable, and now the company has slashed the price of an entry-level Model 3 to below $40,000.
Tesla has long avoided advertising, opting instead to use the money to improve its products, or at least that’s what CEO Elon Musk initially said. That said, he’s changed his tune, and purchasing an ad-funded social media likely played a role. Musk recently told shareholders that Tesla would “try out a little advertising and see how it goes.”
Tesla owners are passionate about their vehicles, especially when it comes to all the cool things they can do compared to other EVS. It wasn’t surprising to see them sue the automaker in 2016 over claims that a new software update limited their driving range, though it’s a little surprising to see it happening again in 2023.
Things change quickly at Tesla, including pricing and the models it sells. The automaker has listed a Model 3 long-range model on its site with a “coming soon” tag for a while, and buyers can now order the car after a several-month hiatus from the company’s catalog.
If you’re “the automotive person” in your family or friend group, you’ve likely gotten at least a question or two about EV range and battery life. It seems that people are getting over range anxiety as automakers release vehicles with ever-longer estimates, but there are still a lot of questions about how long EV batteries last. The answer is “at least 100,000 miles” because everybody’s required to offer eight-year/100,000-mile warranties on the batteries, but it turns out that some can drive much longer than that with surprisingly little degradation.
Not that long ago, there was a time when Tesla vehicles seemed to defy the laws of depreciation, and some actually gained value on the used market. That’s changing, as the automaker has cut prices more than once in 2023, with the latest round of decreases landing this week.
The worldwide wait for Tesla’s all-electric semi-trucks seemed unimaginably long due to the hype that had been built up around them. But Tesla ultimately made good on its promise by finally commending deliveries in December of 2022. Sadly, no manufacturer seems to be able to produce new models without a few hiccups these days and the company has issued a voluntary recall on the rigs.
As part of a deal with the White House, Tesla agreed to open part of its expansive, exclusive charging network to owners of other EV brands. The automaker made good on that promise a few weeks ago, opening a new world of possibilities for owners tired of searching for a charger in vain. Rivian has gone a step further for its owners with a new over-the-air update that adds Supercharger locations to its vehicles’ navigation systems.
In case you were counting, the Tesla Cybertruck “debuted” more than three years ago, and there hasn’t been a single one sold to any of the thousands of deposit-paying reservation holders. Despite that, the automaker and its fans have continued to insist that it’s coming soon, and one lucky shareholder claims to have insider knowledge of the production version of the truck.
I’m guilty of complaining about EV charging infrastructure, but I’ve never been in a situation where charging times or lack of access ruined my day. That’s the exact opposite of the experience two thieves recently had in Georgia, as their stop to charge their Tesla Model X was their undoing.
One of Tesla’s most significant competitive advantages could be fading, as the White House recently announced a deal with the automaker that would open part of its previously-exclusive charging network to owners of other EV brands. The wheels are in motion, as Tesla tweeted last night that the first round of chargers is now open.
Despite its size and considerable resources, Toyota has been slow to develop and release new EV models. That will likely change under its new CEO, but the automaker has a long way to go, as its recent tear-down of a Tesla Model Y highlighted its deficiencies in EV engineering.
On Tuesday, Mexican President Andres Manuel Lopez Obrador announced that Tesla will be building a plant south of the border. Confirmation comes following a call with CEO Elon Musk – held on Monday – with promises that the American company would be issuing a series of commitments designed to address regional water scarcity. The alleged plant is said to be located in Monterrey, which has historically struggled to cope with drought.
Tesla Employees Notified Company of Their Intent to Unionize, and Many Were Fired Shortly After UPDATED
Unlike many auto manufacturing jobs in America, Tesla’s employees are not unionized. That could soon change, but not without some drama first. A group of Autopilot analysts in Buffalo, New York, recently notified CEO Elon Musk of their intent to organize, but the company responded by firing dozens of people, including many that were involved in the unionizing effort.
Another day, another Tesla Cybertruck delay. After its reveal in 2019, CEO Elon Musk promised deliveries in late 2021, but a pandemic and global supply chain crisis threw a curve. The automaker’s next target is coming up soon, and Musk does not appear confident the company will meet that goal.
When we talk about car sales, we typically look at units sold and profit made, but automakers and analysts look at deep metrics. S&P Global recently an overview of customer retention metrics in the industry, and it showed that many brands are having trouble holding onto customers beyond a single vehicle purchase.
Regardless of how you feel about Tesla, there’s no amount of wishful thinking on anyone’s part that makes its “full self-driving” technology work as advertised. The company’s cars cannot drive themselves, do not operate without a human watching, and cannot safely manage complex situations on the road. That hasn’t stopped Tesla from trying to convince everyone, though, and as we’re now learning, its efforts haven’t always been above board.
There’s never any shortage of topics to discuss about Tesla – whether it’s nattering about Musk’s behavior, the company stock price, or its hands-off driving aids allegedly causing a pile-up on a busy motorway.
This morning, a pundit tweeted they saw beaucoup de Tesla sitting idle at a Hertz location, suggesting the company may be stuffing rental channels in a bid to inflate sales. In quick succession, it then became clear that Tesla has slashed prices on all its models – big time.
Earlier today I wrote about how Tesla seems to be pushing for fewer safety guards on its so-called "Full-Self Driving" system even as it opens the program up to more "beta testers" and even as accidents involving the system and Tesla's Autopilot pile up. What I didn't mention, probably because I suspect it's common knowledge among our readership, is that there aren't federal rules governing these sorts of beta tests on public roads.
Alert readers may recall a post just prior to New Year’s about Tesla putting $7,500 cash in the frunk of several models in an attempt to juice sales before year-end. Beyond the irony of that move in the first place, after years of the company and its fanbase raking legacy automakers over the coals for doing the same thing, reports are surfacing that numbers still failed to meet expectations.
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- ToolGuy Here is an interesting graphic, if you're into that sort of thing.
- ToolGuy Nice website you got there (even the glitches have glitches)
- Namesakeone Actually, per the IIHS ratings, "Acceptable" is second best, not second worst. The ratings are "Good," "Acceptable," "Marginal" and "Poor."
- Inside Looking Out "And safety was enhanced generally via new reversing lamps and turn signals fitted as standard equipment."Did not get it, turn signals were optional in 1954?
- Lorenzo As long as Grenadier is just a name, and it doesn't actually grenade like Chrysler UltraDrive transmissions. Still, how big is the market for grossly overpriced vehicles? A name like INEOS doesn't have the snobbobile cachet yet. The bulk of the auto market is people who need a reliable, economical car to get to work, and they're not going to pay these prices.