Here's what we churned and turned into top stories this week at The Car Connection. Rivian drops price$3,100 on R1T, R1S EVs The Rivian R1T now starts at $71,700, the R1S costs $76,700, and the electric automaker debuted a new mid-range battery pack. Chrysler Pacifica likelyto l...
Tesla last month posted the non-GAAP diluted earnings per share (EPS) fell 21% YoY to $0.85 in the second quarter of the year, just shy of the estimated $0.86. That is the first yearly drop in non-GAAP EPS since the third quarter in 2019. Its gross profit margin that quarter dipped...
After a rough quarter, Elon Musk’s car company is expected to post its first revenue drop in four years. It was a big weekend for Tesla, with the company announcing price drops on a number of its vehicles as well as its full self-driving software. That news has raised concerns with i...
Given the current 5% adoption rate of EVs and their price points, it’s clear we’re still in the Early Adopter phase. Still, as prices drop and infrastructure improves, there are several steps auto marketers can take to prime the market for the Early Majority. Consumer education The next ...
Tesla last month posted the non-GAAP diluted earnings per share (EPS) fell 21% YoY to $0.85 in the second quarter of the year, just shy of the estimated $0.86. That is the first yearly drop in non-GAAP EPS since the third quarter in 2019. Its gross profit margin that quarter dipped...
European car markers are good at design and marketing, while their Chinese counterparts excel in technology, Levy said. "The advanced technology and high quality of Chinese automotive companies can help strengthen the competitiveness of their European partners," Levy said, stressing that Europe-China ...
not a significant enough drop to make purchasing worthwhile. a new tesla with the current price drops is a much better deal That's subjective, but true to a degree. Used cars need to be really cheap to make sense. My goal is to get at least 200,000 out of a car. I don't think...
According to data from the China Passenger Car Association (CPCA), in July, the retail sales of passenger cars in China reached 1.775 million units, a year-on-year decrease of 2.3 percent and a month-on-month drop of 6.3 p...
The two vehicles are a bit different when it comes to things like performance, range, and charging. Is the Hyundai Ioniq 9 worth the extra cash, or should you go for the cheaper, yet smaller car? We put the two head-to-head to find out. ...
The falling demand for battery-powered cars and trucks has left US car dealers with too much stock as they get ready to roll out the new 2025 models this fall. In June, dealerships had on average 125 days of supply of EVs...