New report reveals how Elon Musk caused $1.4 billion Tesla loss: 'It's just fascinating'

New report reveals how Elon Musk caused $1.4 billion Tesla loss: ‘It’s just fascinating’

Elon Musk’s political lobbying is expected to wipe out about $1.4 billion in revenue for Tesla, according to Electrek — a shift that may affect electric vehicle buyers. Electrek links Tesla’s projected shortfall to regulatory changes by political candidates Musk has supported, noting that shrinking cleaner-vehicle incentive programs have reduced a revenue stream the company…

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'Doesn't fill me with any confidence'

‘Doesn’t fill me with any confidence’

After a three-month hiatus, Tesla is now taking Model S and Model X orders in the European market, ramping up the minor refresh the company did to the models earlier this year. The electric vehicles saw updates to battery range, exterior styling, drive stabilization, and more in June, according to Electrek. In the French market,…

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'[We] will take the lead'

‘[We] will take the lead’

One automaker is looking to break away from the pack as electric vehicle competition heats up. Kia displayed its full range of European-sold EVs for the first time at the IAA Mobility Show in Munich this September, according to Electrek. The lineup included two new models, the EV2 and the EV5. The South Korean manufacturer…

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