Trump’s Fraud Trial Begins
A defiant Donald Trump attacked New York’s attorney general and the judge overseeing his civil fraud trial as it began yesterday, with a state lawyer accusing the former president of generating more than USD 100 million by lying about his real estate empire.
U.S. Bond Market Signals End Of An Era
The U.S. bond market is in an age of low interest rates and inflation that began with the 2008 financial crisis has ended. What follows is unclear. The market’s view has come into sharp focus in recent days amid a dramatic run-up in 10-year Treasury yields that hit 16-year highs.
Stellantis Faces USD 9.5 Bln In Fuel Economy Fines
The proposal by U.S. President Joe Biden’s administration to hike fuel economy standards through 2032 would cost General Motors (GM.N) $6.5 billion in fines and Chrysler parent Stellantis (STLAM.MI) $3 billion, according to reports.
Today’s News
Tesla Inc. has pulled a swift move by reintroducing their best-selling electric vehicle (E.V.), the Model Y, a crossover sport utility vehicle (SUV) with rear wheel drive in the U.S. late yesterday. In a market becoming increasingly attuned to the benefits of electric vehicles, the Model Y is back to raise the standards of electric vehicles once more.
In addition, the long-awaited news regarding its starting price has finally been disclosed in accordance with the Tesla website. According to the site, the rear-wheel drive Model Y is now priced at USD 43,990, cheaper than originally anticipated.
Speculations have determined that the vehicles are likely using cheaper lithium-iron phosphate, or LFP, batteries and have a stated range of 242-260 miles, according to the Tesla website.
The groundbreaking Tesla Model Y has made quite the impression despite its unassuming exterior design, towering over most sedans in height with a ‘featureless’ front end that exudes innovation and functionality.
Other related news include:
Tesla Scores Autopilot Victory With Ruling
In a victory for Tesla (TSLA.O), a judge has ruled that a group of vehicle owners must pursue claims that the company misled about its Autopilot features in individual arbitration rather than court. This means that Tesla will not have to face class action claims on behalf of much larger groups of vehicle owners.
U.S. District Judge Haywood Gilliam in Oakland, California, in a decision issued on Saturday said four Tesla owners who filed a proposed class action last year had agreed to arbitrate any legal claims against the company when they accepted its terms and conditions while purchasing vehicles through a Tesla website.
Ex-Tesla Engineering Director To Bolster VW Software
In a turn of events, Volkswagen AG has employed the services of a former Tesla Inc. engineering director to elevate the German carmaker’s ailing software push.
Sanjay Lal will join next month from Rivian Automotive Inc. to help develop Volkswagen’s next-generation software platform; the company declared yesterday. Lal worked as an engineering director at Tesla for two years until mid-2019 before joining Google’s Android Automotive project.
BYD Closes In On Tesla For E.V. Crown
BYD Co. came within a whisker of toppling Tesla Inc. as the world’s top seller of electric vehicles last quarter as the Chinese automaker pushed into new markets while factory downtime led to Tesla’s first quarterly delivery decline in more than a year.
BYD sold 431,603 electric vehicles in the three months ended Sept. 30, up 23% from the second quarter while Tesla shipped 435,059 cars globally in that quarter — with a mere 3,456 gap between the two, the narrowest margin yet.
