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Ford CEO Farley Again Promises Profitable, Affordable EVs for the Masses

The Truth About Cars

Speaking with Yahoo Finance , Farley said his company aims to develop affordable EVs that compete with the rising tide of Chinese models. Saying that China’s investments in EVs have “paid off so far,” Farley noted that Ford is on track for its next-generation electric models to be profitable and affordable.

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Reuters: Tesla Has Ditched Its Affordable EV Efforts in Favor of Robotaxis

The Truth About Cars

Affordable EVs seem to be a nut that no automaker can crack, as every promise of a “sub-$30,000” model or similar has fallen through in favor of higher prices. CEO Elon Musk has been beating the affordable EV drum for a while, telling investors in January that the car would enter production in Texas as soon as late 2025.

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Report: Ford's EV Skunkworks Team to Create Three Affordable Electric Models

The Truth About Cars

A few weeks ago, Ford announced that it had created an internal skunkworks team to focus on affordable EVs and a new platform to underpin them. All automakers in the U.S. However, the threat of China flooding the market with cheap electric models is too frightening to ignore. Mexico-Canada free trade agreement.

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LIVE BLOG: 2023 Tesla Investor Day

Teslarati

In past comments, the CEO noted that the “investors” Tesla is referring to in the event are pretty much all life on Earth. Following is a Live Blog of Tesla’s 2023 Investor Day. 18:41 CST – Elon Musk noted that one thing that for the vast majority of people, things are affordability driven.

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LIVE BLOG: Tesla 2023 Cyber Roundup (Annual Shareholder Meeting)

Teslarati

16:50 CT – With the meeting concluded, we’d like to thank you once more for staying with us for this live blog. Elon reiterates that FSD is really all about safety. Car companies also do adjustments all the time, so Tesla is no exception. I want to make sure that this is not just the good news parade.

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LIVE Blog: Tesla (TSLA) Q3 2021 earnings call summary

Teslarati

With its blockbuster Q3 2021 results, Tesla ( NASDAQ:TSLA ) has all but proven that is a sustainable business. In the third quarter, Tesla achieved its best-ever net income, operating profit, and gross profit — all while its ASP decreased by 6% year-over-year. That’s not bad at all. An earnings per share (EPS) of $1.86

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‘Cybertruck could be as mainstream as the Tesla Model Y’: analyst predicts

Teslarati

In a recent blog entry, ARK Invest wrote about the Tesla Cybertruck’s demand. Notably, Cybertruck search volume originated in truck-loving geographies, potentially suggesting [a] desire to buy,” Korus concluded in the blog. We’ll make as many as people want and can afford,” Musk added. In addition to 1.5

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