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Tesla reported a profitable third quarter today — its first this year — as shoppers scrambled to snatch up the company’s EVs in record numbers before the federal EV tax credit expired. Tesla said it earned $1.4 billion in net income on $28.1 billion in revenue in the quarter that ended in September. That’s 12…
As it rushes to meet its pledge for “100 percent” of trips in electric vehicles by 2030, Uber is offering grants of $4,000 for drivers to swap their gas-guzzlers for zero-tailpipe emission vehicles. The company is also dropping its “Uber Green” branding in favor of the more simple “Uber Electric.” Uber has said it will…
Inside General Motors’ fast-growing battery labs in suburban Detroit, scientists and engineers are analyzing stresses on lithium-ion cells: desert heat, arctic cold, jungle humidity, enough charging and discharging for a half-dozen Frankenstein reboots. For The Verge’s exclusive tour of these secretive labs, I watch researchers peer at cell chemistries down to the atomistic level, using…
Hello, and welcome to Decoder! This is Jake Kastrenakes, executive editor at The Verge. I’m filling in for Nilay for one Thursday episode while he’s settling back into full-time podcast hosting duties. In its latest form, the tax credit offered a $7,500 discount on eligible, domestic-made electric cars. As you’ll hear Andy explain, this was…
In May, The Verge reported that the US aviation system was so fragile that “the smallest disruption can throw the entire system into chaos.” That disruption arrived on October 1st, when the federal government shut down over a budget dispute. Chaos has indeed ensued. More than 6,000 flights are being delayed every day, nearly twice…
Tesla’s quarterly sales increased for the first time this year, as consumers rushed to cash in on expiring federal tax credits for electric vehicle purchases. The company said that it produced a total of 447,450 vehicles between July–September of this year, including 435,826 Model 3 and Model Y vehicles, as well as 11,624 “other vehicles,”…
The Brompton Electric G folding e-bike I reviewed last year is now available to buy in the US starting at $4,950. While it looks like a regular Brompton, it’s been scaled up with 20-inch wheels and an extended wheelbase that improves the ride dramatically on all types of terrain, leaving behind the twitchiness of its…
For years, foreign automakers have been sending their employees to the US to open advanced manufacturing and battery plants in states like South Carolina, Georgia, Tennessee, and Kentucky. These plants eventually employ thousands of American workers who build vehicles for both the US market and overseas. And they pump billions of dollars into the state…
“I could not believe what I saw because I would have known, probably before the news,” Muñoz said, when asked about his initial reaction to the raid. “So I said, something is weird here. How can something happen [and] nobody told me? And when I go into the details, then I realize it’s not our…
Undeterred by the recent ICE raid that rounded up hundreds of its workers in Georgia, Hyundai announced a fresh slate of investments in the US, including $2.7 billion into the EV battery factory where the raid took place. The automaker also plans to release a range of new electrified models, including extended-range EVs and over…
