Tesla Inc. reported second-quarter earnings that beat Wall Street estimates, reflecting the company’s progress in getting production back on track while tackling supply chain hurdles and COVID lockdowns at its factory in China.
July 21, 2022Search
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Gas Demand Stalls at Height of Summer Driving Season
U.S. gasoline demand remains below where it was this time two years ago as historically high prices keep more drivers off the road than COVID-19 did in the summer of 2020.
July 20, 2022Sky-High Diesel Prices Squeeze Truckers, Farmers, Consumers
NEW YORK — When longhaul trucker Deb LaBree sets out on the road to deliver pharmaceuticals, she has strategies to hold down costs. She avoids the West Coast and the Northeast, where diesel prices are highest. She organizes her delivery route to minimize “deadheading” — driving an empty truck in between deliveries.
July 20, 2022Deal for $5.5B Hyundai EV Plant in Georgia Nears Final Approval
SAVANNAH, Ga. — The local economic development agency that worked with Georgia officials in recruiting Hyundai Motor Group to build a $5.5 billion electric car plant near Savannah approved its portions of the deal July 19, though details of tax breaks and other incentives have yet to be disclosed.
July 19, 2022Hawaii Boosts Hydrogen Fueling Stations, Enacts Other Clean Energy Laws
Providing incentives for trucks to use hydrogen is one of four new laws that took effect in July to counter climate change and boost clean energy in Hawaii.
July 19, 2022DOE Eyes Mines as Future Clean Energy Sites
Current or abandoned mines are being considered by the U.S. Department of Energy for experimental clean energy sites below the earth’s surface in a new $500 million grant program.
July 19, 2022Twitter-Musk Takeover Dispute Heading for an October Trial
Tesla CEO Elon Musk lost his fight to delay Twitter’s lawsuit against him as a Delaware judge on July 19 set an October trial, citing the “cloud of uncertainty” over the social media company after the billionaire backed out of a deal to buy it.
July 19, 2022With Blazer EV, GM Now Has a Rival to Tesla’s Model Y
General Motors Co. will start selling a battery-powered Chevrolet Blazer next year, giving it a direct competitor to Tesla Inc.’s Model Y, the nation’s best-selling electric SUV.
July 19, 2022GM’s Mary Barra Stands By Ambitious EV Pledge
NEW YORK — The economy is a bit wobbly, but General Motors CEO Mary Barra isn’t backing off of an audacious prediction: By the middle of this decade, her company will sell more electric vehicles in the U.S. than Tesla, the global sales leader.
July 18, 2022Supply Chains Inching Back to Normal, Brace for Headwinds of Softer Demand
Rock guitarist Jack White, who extended his “Supply Chain Issues Tour” into October, might want to name his band’s next road trip after a different villain. That’s because supply strains, while still afflicting many consumers and businesses, are becoming more mundane.
July 18, 2022