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Stellantis CEO: “Bloodbath” coming if EV makers follow Tesla and Musk in “race to the bottom”

Teslarati

” The Stellantis CEO’s comments came amidst Ford’s announcement that it was scaling back production and trimming its workforce that is producing the F-150 Lightning. Elon Musk, for his part, has stated that Tesla would likely need to keep lowering its prices to ensure that customers could afford its vehicles.

Tesla 143
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Electric pickup startup Lordstown Motors goes public via SPAC; $1.6B transaction

Green Car Congress

billion transaction provides Lordstown Motors with $675 million of gross proceeds. In November 2019, the Lodstown Motors acquired the Lordstown Complex, formerly a General Motors Corporation (GM) factory. The design significantly increases reliability, maximizes performance, and reduces total cost of ownership.

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Electric Vehicle Spotlight: Financing a Chevrolet Bolt EUV

EV Life

General Motors was one of the original pioneers of electric cars, introducing the EV1 in 1996 and the game-changing Volt in 2010. 2023 Chevrolet Bolt EUV Pricing, Specs, and Performance The Bolt EUV offers a lot of bang for the buck, especially considering that Chevrolet knocked $6,300 off the starting MSRP in 2023.

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Report: Suppliers Asking Automakers for Pricing Concessions Over UAW Strike

The Truth About Cars

In response, suppliers have been going to their automaker customers seeking concessions on pricing to help cope with some of the problems they’ve been facing. Across the supply base, suppliers have been suffering from increased costs and fixed-price contracts and really having to fight and argue to get any relief.

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Study: EVs cannot succeed without developing parallel supercharging networks

Green Car Congress

Current EV business models are doomed unless manufacturers that have bet their futures on them, such as General Motors and VW, invest in or coordinate on a robust supercharger network. Other automakers are still playing a product game. Tesla has played the platform game. This advantage that Tesla has is not permanent.

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2024 Hyundai Ioniq 6 undercuts Tesla Model 3 by more than $9,000

Baua Electric

A dealer bulletin shows that all versions of the 2024 Ioniq 6 are eligible for $7,500 in “retail bonus cash”—a rebate that can essentially be applied only to purchases, and not with Hyundai’s current low-interest financing, CarsDirect notes. So it appears that the company wants to stay very competitive on price.

Hyundai 52
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Tesla stock narrowly misses losing streak record, aided by China sales

Teslarati

However, that success was briefly interrupted recently with a nearly 5-week-long streak of losses, which Yahoo Finance reports would have been a record for the company since 2021, if not for a solid rebound on Friday. Ford Motor Co. Looking forward, many investors wonder if the stock can continue its 5-month trend.

China 98