Elon Musk believes that Chinese electric vehicle (EV) makers will achieve significant success globally, potentially surpassing other companies if there are no trade barriers. He acknowledges the competitiveness of Chinese car companies and their potential for growth outside of China.
California Senator Scott Wiener has introduced a bill that would require new cars to have 'speed governors' installed to prevent speeding.
Akio Toyoda, chairman of Toyota, predicts that only 30% of cars on the road will be electric.
Volkswagen introduces updates to its GTI model for 2025, including improved interior ergonomics and new technology. However, the manual transmission option will be removed, disappointing some enthusiasts.
Tesla has informed suppliers of its plans to start production of a new mass-market electric vehicle codenamed 'Redwood' in mid-2025. The model is described as a compact crossover and is part of Tesla CEO Elon Musk's vision for affordable electric vehicles. The company aims to compete with cheaper gasoline-powered cars and other inexpensive EVs like those made by China's BYD. Tesla has sent requests for quotes to suppliers for the 'Redwood' model, with a forecasted production volume of 10,000 vehicles per week. Production is expected to begin in June 2025.
Riyadh has invested billions to try to establish itself as a hub for electric vehicles, but faces obstacles and tough competition.
Tesla is set to report its fourth quarter earnings, and there are several key factors to keep an eye on.