Ford announced a plan Tuesday to help electrify fleets of older vehicles with a new crate motor. Dubbed the “Eluminator e-crate motor,” Part No. M-9000-MACH-E, is now available at authorized Ford parts warehouse dealers or online at Ford Performance Parts. The Eluminator retails at $3,900 and is “targeted for builders looking for a transverse-oriented powertrain… Continue reading Ford Announces Crate Motor for EV Conversions
Tag: Electric Vehicles
Rivian Preparing to IPO Next Week
Electric vehicle manufacturer Rivian is planning its initial public offering for next week, according to a regulatory filing. The company is seeking a valuation of just over $60 billion. The automaker will trade on the Nasdaq Stock Market under the symbol RIVN. Rivian, which just recently started delivering its first vehicles, filed for the IPO in September. In… Continue reading Rivian Preparing to IPO Next Week
Tesla Recalls 2,822 Cars for Suspension Issue
Tesla has issued a recall impacting 2,822 cars. In a note to owners, Tesla said it has decided to “proactively recall certain Model 3 and Model Y vehicles to inspect the bolts that secure the lateral link in the front suspension.” The company said the recall applies to certain Model 3 vehicles built between January 2019… Continue reading Tesla Recalls 2,822 Cars for Suspension Issue
Tesla Hits $1 Trillion Valuation
Tesla achieved Monday a market value of $1 trillion, becoming only the fifth company to reach such a milestone. The run up in market capitalization followed a $4.2 billion order from rental car company Hertz. The company announced Monday that it would replace about a fifth of its fleet with Tesla Model 3 sedans. Tesla has held the title… Continue reading Tesla Hits $1 Trillion Valuation
Hertz Places $4.2 Billion Order with Tesla
Rental car company Hertz has ordered 100,000 units of Tesla’s Model 3. The full price for the order was about $4.2 billion. Chief Executive Elon Musk was sure to note that Hertz paid full price for the vehicles. “To be clear, cars sold to Hertz have no discount,” he said on Twitter. “Same price as… Continue reading Hertz Places $4.2 Billion Order with Tesla
Tesla Increases Prices Again
Another price change has hit Tesla vehicles. Late Friday, Tesla raised the price on variants of all currently available vehicles. The Model Y Long Range price increased $2,000 from $54,990 to $56,990. The Model 3 Standard Range Plus price also jumped $2,000 to $43,990 from $41,990. Tesla’s priciest cars also received the biggest price hike. The Model… Continue reading Tesla Increases Prices Again
Tesla Planning to Triple Supercharger Network
As the number of Tesla vehicles on the road continues to swell, the company is giving some serious consideration to its charging network. On the company’s Q3 earnings call, the company said it plans to triple the size of its charging network around the world. “We are executing on accelerating expansion plans globally,” said Drew… Continue reading Tesla Planning to Triple Supercharger Network
Tesla Posts Record Revenue for Q3
Tesla’s third-quarter earnings report showed record revenue for the electric automaker. According to the Q3 update: Revenue – Total revenue grew 57% YoY in Q3. This was primarily achieved through growth in vehicle deliveries, as well as growth in other parts of the business. At the same time, vehicle ASP declined by 6% YoY as… Continue reading Tesla Posts Record Revenue for Q3
Musk Says Cybertruck Will Have Removable Mirrors
They weren’t present on the prototype, but it seems the production version of the Cybertruck will have side mirrors. Chief Executive Elon Musk tweeted Tuesday that the upcoming all-electric Tesla pickup will include mirrors, but they will be removable. Recently, the Tesla Cybertruck was spotted in the wild featuring side mirrors. After the sighting, Elon Musk… Continue reading Musk Says Cybertruck Will Have Removable Mirrors
Tesla Starts Refreshed Model X Deliveries
Tesla announced on Twitter that it is delivering the refreshed version of its flagship Model X SUV. “First deliveries of new Model X,” the company tweeted alongside photos of new owners. The Model X starts at $101,190, while the highest-end Model X Plaid starts at $121,190. Customers have been waiting for the refreshed version for… Continue reading Tesla Starts Refreshed Model X Deliveries