Electric cars are slowly but surely getting cheaper. Over the past year or so, Ford and Tesla have been discounting their most popular electric cars while other brands,like Rivian, are laying the groundwork for all-new cheaper models. But you’d still be hard-pressed to call electric carsch...
Tesla CEO Elon Musk said the company does not yet have a contract to sell 100,000 cars to Hertz.(Patrick Pleul/picture alliance via Getty Images) Musk had previously clarified that Hertz was not being offered the vehicles at a discount and would pay the full retail price, which would valu...
000 workers and reducing its fleet by a third.The company emerged from bankruptcy under the control of private equity backers, including CK Amarillo LP, which then initiated $2.8 billion in buybacks in 2021 and 2022. This occurred even as Hertz struggled with a fleet of relatively unpopular e...
Tesla’s used inventory site is filled with cars that are available with less than 50,000 miles on the odometer, and that come at a lower price than their new counterparts. A used Tesla Model Y Long Range may be a few years older than a new one, but it also cost...
The shift to autonomous vehicles does not just rely on those innovative headline-grabbing upstarts,Waymo(which already has alive robotaxi servicein Chandler, Ariz.) andTesla(Musk likes to boast that his cars are mostly autonomous, and just a few software updates away from being fully autonomous...