DETROIT—Charged up by strong sales of its electric cars and SUVs, Tesla on Monday posted its seventh-straight profitable quarter. The company made $438 million in the three-month period that ended March 31, as sales more than doubled the same period last year to nearly 185,000 vehicles. Tesla said adjusted net income, excluding stock-based compensation, passed…
House Democrats Introduce Bill to Give $6 Billion to USPS for Electric Delivery Vehicles
WASHINGTON—A group of 17 U.S. House Democrats on Monday are introducing legislation on Monday that would award $6 billion to the U.S. Postal Service (USPS) to buy tens of thousands of additional electric delivery vehicles. The bill sponsored by Representative Jared Huffman and seen by Reuters would require at least 75 percent of the new…
Ford’s Europe Car Lineup to Be All-Electric by 2030
LONDON—Ford Motor Co on Wednesday said its car lineup in Europe will be all-electric by 2030 as the U.S. automaker races to get ahead of CO2 emissions targets and looming bans in some countries on fossil fuel vehicles. The carmaker said it will invest $1 billion over the next 30 months to convert its vehicle…
Biden Pledges to Replace All Federal Vehicles With US-Made Electric Models
President Joe Biden on Monday committed to replacing all 650,000 federal vehicles that run on gas with electric models, as the administration shifts its focus toward “clean” energy. Biden said switching the government’s “enormous fleet” with electric alternatives will help create one million new autoworker jobs in the United States. “The federal government also owns…
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