Elon Musk, through the EV company he found, Tesla, is trying to accelerate the world's transition to sustainable energy. However, today Musk has come out in support of fossil fuel production.
In an update to the company's online configurator, Tesla has once again increased the prices of all its vehicles. The price increases range from $1,000 all the way up to $6,000. The new hikes have also pushed the starting price of the Model Y to $66,000.
Elon Musk issued a stern warning to Lucid and Rivian recently - that unless something dramatically changes, both companies are headed toward bankruptcy. Will these companies succeed? Only if they can profitably reach volume production.
Thinking about going EV and wondering just what the real costs of electric vehicle ownership are? Here’s a recent posting by a 10-year EV owner who talks about the hidden costs of owning an EV.
