On November 11, 2024, Tesla’s stock price continued its sharp rise last week, rising nearly 9% today and finally closing at $350. This increase shows that the market is optimistic about Tesla’s future prospects, and investors’ confidence mainly comes from the close relationship between the company’s CEO Elon Musk and US President-elect Donald Trump. In the past few months, Musk’s interaction with Trump has attracted widespread attention from the outside world. Not only have the two communicated in many public occasions, but Musk has also publicly expressed his support for Trump’s policies many times, especially in the economic and technological fields. Trump mentioned on many occasions that he would […]
According to foreign media reports, Nissan Motor announced that due to its consolidated net revenue and global sales decline in the first half of fiscal year 2024, and operating margin of only 0.5%, the company plans to “take urgent measures” to reverse the business model. Nissan said it is “facing a tough situation” and has developed a plan to achieve “healthy growth,” including cutting fixed costs by 300 billion yen ($1.9 billion) and variable costs by 100 billion yen ($649 million), as well as reducing the number of employees in the company. ($649 million) in variable costs, while […]
Toyota Motor Corp.’s chief operating officer for North America, Jack Hollis, criticized U.S. policies that are driving the rapid adoption of electric vehicles, calling them “de facto mandates” that are out of sync with consumer demand, Bloomberg reports. Hollis noted that government support for electric vehicles has been a hot topic during the U.S. presidential election process, but argued that sales of pure electric vehicles should grow organically, not by limiting sales of gasoline-powered vehicles. “The whole EV ecosystem is ahead of the consumer and not aligned with consumer demand.” Bloomberg said Hollis was referring to the U.S. […]
According to Bloomberg, the slowdown in the popularity of electric cars in the United States may be further exacerbated by the fact that the next President of the United States, Donald Trump, has promised to repeal the electric vehicle tax credit. GlobalData, an automotive forecaster, has lowered its estimate of U.S. EV market share in 2030 from 33 percent to 28 percent. Jeff Schuster, GlobalData’s vice president of automotive research, said in a report, “The U.S. transition to electric vehicles will be hampered under the Trump administration.” He said Trump’s focus on lowering gas prices and relaxing tailpipe […]
Jack Hollis, chief operating officer of Toyota Motor North America, recently publicly criticized the US government’s policies to promote the popularization of electric vehicles (EVs), saying that these policies are actually “mandatory requirements” and pointed out that they have failed to keep pace with consumer demand and market reality. In an interview with the media, Hollis said that although electric vehicles have obvious advantages in environmental protection and energy efficiency, the US government’s policy efforts to promote the rapid popularization of electric vehicles are too strong, which may have a negative impact on the healthy development of the automobile market. Hollis specifically mentioned that the current policy setting focuses […]
HOLON, a subsidiary of German automotive parts supplier Benteler Group, recently applied to the National Highway Traffic Safety Administration (NHTSA) for an exemption from the US Federal Motor Vehicle Safety Standards (FMVSS). The exemption will allow HOLON to deploy up to 2,500 driverless electric buses in the United States each year, which will not be equipped with traditional driver controls such as pedals, manual turn signals and rearview mirrors. According to the application, these driverless electric buses are designed to not require human intervention or driver operation, so there are significant differences from the safety standards of traditional cars. Specifically, these buses will not have traditional driving seats, brake pedals, […]