From Venezuela to Iraq to Russia, oil price drops raise fears of unrest
Oil, the lifeblood of many countries that produce and sell it, appears to be rapidly turning into an ever-cheaper economic curse.
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California limits hybrid rebates to households earning less than $500,000
Hundreds of Californians with household incomes of $500,000 or more have collected state subsidies for buying electric and hybrid cars under a program that is criticized as a taxpayer handout to the wealthy. State regulators, in response, are restricting the subsidies to Californians who earn less than $250,000 or couples taking in less than $500,000.
How much longer can Saudi Arabia’s economy hold out against cheap oil?
The oil price was near its lowest in more than a decade, cash reserves were being depleted, emerging markets were in turmoil and Saudi Arabia was beginning to panic. That was 1998, and now Saudi Arabia’s fortunes threaten to turn again.
Thanks for buying a $100,000 Tesla. Want a tote bag with that?
Tesla Motors Inc. has launched a wholesale revamp of its stores worldwide as the electric-car company prepares to debut the Model X, its first sport-utility vehicle. The effort is largely devoted to telling the Tesla story, critical for a young company selling a product that remains mysterious — and intimidating — to most drivers.
2 new luxury electric cars take aim at Tesla
Two well-known luxury brands — one German, the other British — both said they’re going to make pricey, long-range, all-electric luxury performance vehicles: Audi and Aston Martin.
Roads that can charge your electric car as you drive it? They may arrive sooner than you think
Electric cars promise a greener future. But current battery technology limits how far you can go on a single charge. One possible workaround: “electric motorways”—roads that will charge your electric vehicle as you drive on it.
Revealed: Canadian government spent millions on secret tar sands advocacy
Canada’s Conservative government spent several million dollars on a tar sands advocacy fund as its push to export the oil faltered, documents reveal.
Toyota on Mirai vs. Tesla: Battery electric vehicles have ‘fundamental’ physics problem
A Toyota executive explains why he believes the Mirai and hydrogen fuel cells will power the alternative fuel vehicle future — and not battery electrics like Tesla.
Tesla burns cash, loses more than $4,000 on every car sold
It’s crunch time for Tesla Motors. The Silicon Valley automaker is losing more than $4,000 on every Model S electric sedan it sells, using its reckoning of operating losses, and it burned $359 million in cash last quarter in a bull market for luxury vehicles.
