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Auto industry spent less on advertising in 2022; Tesla already spends $0

Teslarati

The automotive industry spent less on advertising during the first seven months of 2022. Although Tesla spends $0, the decline in ad spending could be an indicator of troubles for an industry trying to compete with Tesla’s EV lead. Reuters reported that the auto industry’s ad spending fell to $4.8

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GM’s Tesla NACS support spells trouble for Electrify America [Opinion]

Teslarati

General Motors’ (GM) support for Tesla’s North American Charging Standard (NACS) might be trouble for Electrify America. With two out of three of the United States’ top legacy automakers supporting Tesla’s NACS, Electrify America’s position in the EV charging space is precarious at best.

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Tesla’s Elon Musk calls out President Joe Biden for union-loving EV narrative

Teslarati

Tesla CEO Elon Musk called out President Joe Biden for his union-loving electric vehicle narrative, showing that he might care about the wrong thing completely. While Biden has been a main driver of the EV story, he has refused at many points to mention Tesla when discussing the sector. The UAW has yet to take Tesla up on that offer.

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Stellantis CEO: EV transition costs are “beyond the limits” the auto industry can sustain

Teslarati

Taveres said that the costs of transitioning to electric vehicle production are “beyond the limits” of what the current auto industry can sustain in an interview with Reuters Next. US President Biden pats GM CEO’s back: “You electrified the entire auto industry. It will lead to quality problems.

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Ford and UAW reached a tentative local agreement at Kentucky plant

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The United Automotive Workers (UAW) have come to a tentative local agreement at a Ford factory in Kentucky, after the union threatened to put the site’s almost 9,000 workers on strike last week if a deal wasn’t reached. My father grew up here, then moved to Michigan and got a job with Ford. workers in future endeavors.

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Tesla stock (TSLA) rises following GM NACS deal

Teslarati

Tesla shares ( NASDAQ:TSLA ) surged over 5% on Friday amidst investors’ positive sentiments following the announcement that General Motors would be joining Ford in adopting the Texas-based EV maker’s North American Charging Standard (NACS) for its electric cars. “This is a major win for Tesla.

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Elon Musk scares Mercedes-Benz and BMW: former GM and Ford exec Bob Lutz

Teslarati

Veteran automotive executive Bob Lutz recently revealed in a statement to the Financial Times that German luxury automakers Mercedes-Benz and BMW are afraid of Tesla CEO Elon Musk. Elon Musk’s second consecutive Person of the Year Award was granted by the FT in no small part due to Tesla’s accomplishments in the auto sector.

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