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LIVE BLOG: Tesla Q1 2024 earnings call

Teslarati

Musk clarified that Tesla is now seeing a lot of competitive prices from its battery suppliers due to excess capacity. This was due to battery orders from other automakers declining dramatically. “There’s gonna be a boom and bust in battery supply,” Musk noted. A question was asked about the Cybertruck ramp.

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Kia is Readying a New Affordable EV4 Sedan for the 2025 Model Year

The Truth About Cars

Several automakers have promised affordable EVs, but so far, none have truly delivered. The car’s starting price is expected to come in at under $35,000, which would make it one of the most affordable electric models in the U.S., assuming it comes here.

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Ford CEO Farley Again Promises Profitable, Affordable EVs for the Masses

The Truth About Cars

Speaking with Yahoo Finance , Farley said his company aims to develop affordable EVs that compete with the rising tide of Chinese models. Saying that China’s investments in EVs have “paid off so far,” Farley noted that Ford is on track for its next-generation electric models to be profitable and affordable.

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Finally: Hyundai Is Gearing Up to Release An Affordable EV, But Only In Europe to Start

The Truth About Cars

Hyundai believes it has cracked the code of the affordable EV. Hyundai is pursuing cheaper EVs to compete with the rising tide of compelling, affordable models from China. That said, it will be powered by a nickel cobalt manganese lithium-ion battery, which is more expensive than the battery chemistries seen in other affordable models.

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LIVE BLOG: 2023 Tesla Investor Day

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Following is a Live Blog of Tesla’s 2023 Investor Day. 18:54 CST – A question about Tesla’s dry battery electrode efforts was asked. Drew Baglino noted that Giga Texas already makes dry electrode batteries. Most times, it’s a matter of whether people can afford one. Affordability is what matters,” Musk said.

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LIVE BLOG: Tesla 2023 Cyber Roundup (Annual Shareholder Meeting)

Teslarati

16:50 CT – With the meeting concluded, we’d like to thank you once more for staying with us for this live blog. Musk added that, as he predicted in the past, Tesla’s stationary battery storage business is indeed growing at a faster rate than the company’s electric vehicle business. Until the next time! The audience cheers loudly.

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Report: Ford's EV Skunkworks Team to Create Three Affordable Electric Models

The Truth About Cars

A few weeks ago, Ford announced that it had created an internal skunkworks team to focus on affordable EVs and a new platform to underpin them. The report also stated that Ford will use lithium-iron-phosphate battery cells to save money, an approach that it already uses for base Mustang Mach-Es and which Tesla takes with the cheapest Model 3.