Author: Mike Smith
Automotive Tesla is back within the highlight with a big surge in its stock, adding over $140 billion in market value after a formidable 21% jump in share price on Thursday. Investors were reassured by the corporate’s strong sales forecast, together with CEO Elon Musk’s plans to expand Tesla’s core electric vehicle (EV) business. This stock rally marks Tesla’s biggest gain since 2013, following concerns earlier this month that Musk was losing deal with the corporate’s EV ambitions. Reassuring Growth Projections and Recent Models Musk projected Tesla’s sales to grow by 20%-30% in 2024, calming investor concerns about future demand…
Automotive General Motors (GM) is experiencing a notable resurgence in 2024. The automaker posted impressive third-quarter earnings that exceeded expectations, highlighting its resilience in a volatile economic landscape. With the buyer demand for trucks and SUVs holding strong, GM’s shares surged to their highest since early 2022. GM’s Third Quarter Performance GM’s adjusted earnings per share (EPS) of $2.96 blew past Wall Street’s estimate of $2.43, and revenue hit $48.8 billion, surpassing expectations of $44.6 billion. These results lifted the corporate’s stock by 8%, reaching $53.25, a two-and-a-half-year high. Several aspects contributed to this strong performance: Regular Consumer Demand: Despite…
Automotive Just last week, we revealed that Facebook/Meta founder Mark Zuckerberg drove a Cadillac CT5-V Blackwing as his each day driver. Now, Mark seems to have scored some more ‘cool-car-guy’ points with us by revealing what appears to be a customized Porsche Cayenne Turbo GT minivan. The conversion, from what we see on his Instagram and Facebook posts, was done by West Coast Customs, the parents who’re famed for his or her unique and quite ‘interesting’ creations on past shows. His post reveals the customized Porsche Cayenne Turbo GT Minivan complete with the everyday sliding minivan door while the wheelbase…
Automotive As Hurricane Helene leaves behind unlucky destruction throughout the east of the USA, electric vehicle (EV) owners are being warned a few serious yet often missed danger, the danger of fires attributable to saltwater flooding. Florida officials, including Governor Ron DeSantis, advised EV drivers to maneuver their cars to higher ground last week in preparation for the storm. While fires related to electric vehicles are rare, the mix of saltwater and EV batteries can create hazardous conditions if preventive steps aren’t taken. Why Saltwater Is a Threat to EVs Unlike traditional gas-powered cars, electric vehicles depend on lithium-ion batteries…
Automotive Consumer Reports recently compiled a listing of ten budget-friendly cars that deliver excellent value without breaking the bank. These vehicles have been chosen based on their actual transaction prices, offering insight into what buyers are really paying—not only the manufacturer’s sticker price. This is especially necessary as prices in the present auto market can fluctuate, with many buyers paying greater than MSRP for even the least expensive models. We’re sharing Consumer Reports’ top picks to aid you make an informed decision in your next vehicle purchase. These cars meet stringent road-test performance, owner satisfaction, reliability, and safety standards, offering…
Apple The discharge of iOS 18 brings a fresh wave of features to Apple users, and while much of the eye has focused on the customizable home screens and advanced messaging options, Apple CarPlay has quietly received some improbable upgrades. In case you’re an iPhone user who is dependent upon CarPlay in your in-car experience, there are several latest features to explore, especially in the event you’re driving a more moderen model just like the 2024 Toyota Crown. Here’s what you must know in regards to the latest CarPlay updates in iOS 18 and what’s on the horizon. A Glimpse…
Automotive In a strategic move toward the longer term of automotive manufacturing, Stellantis announced a $406 million investment across three Michigan factories. This investment is an element of the automaker’s broader technique to ramp up production of battery-electric vehicles (BEVs) while still producing internal combustion engine (ICE) models. With the transition to electric mobility accelerating, Stellantis is ensuring it stays competitive while adapting its U.S. manufacturing plants for a mixed way forward for EVs and traditional gas-powered vehicles. A Have a look at the Sterling Heights Assembly Plant Investment A serious portion of this funding, $235.5 million, can be funneled…
Dodge, known for its unapologetic love affair with high-performance V8 engines, shouldn’t be able to let go of the roaring power that made the Hellcat a legend. Despite the automotive industry’s clear shift toward electrification, Dodge continues to deliver muscle automotive enthusiasts what they crave: special editions filled with HEMI® power. The newest offering? The 2025 Dodge Durango SRT Hellcat Hammerhead, a special edition that showcases the brand’s refusal to part ways with its iconic Hellcat engine and the unmistakable roar of a supercharged V8. For nearly twenty years, Dodge has married the family-friendly utility of the Durango with high-performance…
Automotive At Automotive Addicts, we’ve had our fair proportion of reservations in regards to the Mercedes EQS, an EV that, while technically impressive, never quite captured our imagination. Its bulbous design and the sheer disconnect from the S-Class lineage left us wanting more from a brand that has consistently set benchmarks in luxury. Nonetheless, recent announcements from Mercedes-Benz signal a shift that has us cautiously optimistic: the next-generation S-Class shall be offered with each internal combustion engines (ICE) and electric drivetrains, marking the tip of the EQS as we understand it. A Lesson from BMW This strategy mirrors what BMW…
Automotive Because the automotive industry continues to shift towards SUVs and crossovers, the sedan market still holds strong contenders for individuals who appreciate the classic appeal of a four-door. The 2025 Hyundai Elantra is one such contender, offering a mix of favor, performance, and affordability that keeps it relevant in a market dominated by taller vehicles. Priced starting at $23,025, the brand new Elantra is greater than only a budget option—it’s a well-rounded sedan with something for everybody. A Take a look at the 2025 Lineup The 2025 Hyundai Elantra comes with subtle updates and a refreshed trim lineup that…
