Tesla’s shares jumped 22 percent on Thursday — one of its best days in years — after it reported a big increase in profit for the third quarter. The company said it expected sales of cars to grow as much as 30 percent next year when it plans to introduce …
Read More »I Can’t Buy a House. I Can’t Shop. I’m Too Worried About the Election.
In Westport, Conn., a 35-year-old who works for an investment firm is holding off on making any financial investments until after the election. Across the country, in Kenosha, Wis., a man who works in sales said he would love to buy a house and get out of his rental, but …
Read More »Michael Valentine, 74, Who Helped Drivers Stay Under the Radar, Dies
Michael Valentine, an electrical engineer, loved to drive fast in his MGB sports car. But in 1974, after a national highway speed limit of 55 miles per hour was mandated as a fuel conservation measure, he believed that a “holy war” had begun: speed-seeking drivers against police officers trying to …
Read More »Tesla Self-Driving System Will Be Investigated by Safety Agency
Tesla’s plan to build fleets of self-driving cars suffered a setback on Friday when the main federal auto safety regulator said it was investigating whether the technology was to blame for four collisions, including one that killed a pedestrian. The regulator, the National Highway Traffic Safety Administration, said it was …
Read More »Electric Vehicles May Be Struggling. G.M.’s Leader Is Still a Believer.
Electric vehicles have had a hard year. Sales have been disappointing. Former President Donald J. Trump has regularly disparaged them. And even many environmentally conscious car buyers have been choosing hybrids instead. Yet the chief executive of General Motors, Mary T. Barra, says the company is still committed to doing …
Read More »California Tries ‘Trump-Proofing’ Its Climate Policies
California officials have been working for months on a plan to “Trump proof” the state’s leading edge environmental and climate policies, in the event that former President Donald J. Trump returns to White House and follows through on his promise to gut them. Whether California succeeds could affect more than …
Read More »Led by Believers in the City’s Future, Detroit Is on the Rebound
On a sunny Friday morning last month, Mike Duggan, the mayor of Detroit, got behind the wheel of his black Jeep Grand Cherokee to give a tour of the city he has led for 10 years. Not far from Michigan Central Station, the former hulking ruin that was recently transformed …
Read More »In Detroit, Creating a New Hub for Innovation
David Medina Álvarez hopped on a four-wheeled vehicle that looked like a speeder bike from Star Wars. Donning a helmet and goggles, the 25-year-old designer zoomed down 15th Street, driving alongside the massive Michigan Central train station, built in 1913, which had just reopened after a gleaming $1 billion renovation. …
Read More »Dreamtroit, a Low-Cost Bohemia for Artists, Revs Up in Motor City
Maurice Cox, the former planning director of the city of Detroit, remembers the first time Matthew Naimi wandered into his office in paint-splattered overalls in 2018, with fingernail polish, a kaffiyeh on his head, and his bare arms a constellation of tattoos. When Naimi told him that he wanted to …
Read More »Elon Musk Shows Off Tesla ‘Robotaxi’ That Drives Itself
After years of promises, Tesla on Thursday unveiled a car that Elon Musk, the company’s chief executive, said will be able to drive itself without human supervision. Mr. Musk has said the vehicle will add trillions of dollars to the company’s stock market value and fuel its growth. The “robotaxi,” …
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