Consumers all over the world, but especially in North America, are buying more crossover utility vehicles and fewer passenger sedans and hatchbacks.
Forced to choose between issuing a bit more of Tesla’s turbocharged stock or tapping the overheated junk-bond market to finance the Model 3 ramp-up, Elon Musk, Tesla’s founder, opted for the latter.
From giant companies like Exxon Mobil Corp. to OPEC members such as Saudi Arabia, oil producers say their industry will enjoy decades of growth as they feed the energy needs of the world’s expanding middle classes. But what if they’re wrong?
Peak summer demand and declining levels of supplies, both domestic and foreign, mean spikes in the price of gas for U.S. consumers, market analyses find.
The automaker trade group that urged President Donald Trump to review tougher U.S. fuel economy rules now says the industry, federal government and state of California should all want to do a deal to increase standards because of public support.
In a monthly report on Monday, the Energy Department said the nation’s daily output rose 0.6 percent to 9.17 million barrels in May, well below its original forecast of 9.32 million for that month.
While it’s certainly true that a Model 3 will be cheapest way to get into a brand-new Tesla, let’s be clear that there will be practically zero Model 3s at its base starting price of $35,000.
The Trump administration may have to reconsider its proposal from earlier this month to curb biofuel use after a U.S. appeals court in Washington ruled that the Environmental Protection Agency doesn’t have the authority to cut quotas while citing inadequate domestic supply.
The unveiling isn’t only a coming-of-age party for the nascent car manufacturer; it feels like a significant moment in EV history, too.
Our Mission: Fuel Freedom Foundation is working to reduce the cost of driving your existing car or truck by opening the market to cheaper, cleaner, American-made fuel choices at the pump.