Pras Subramanian
Yahoo Finance
New York, NY, United States
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Past articles by Pras:
Ford vs. Tesla: The EV price war continues
While other automakers have balked at following Tesla's lead and cutting prices, Ford is rolling the dice on what could be a very risky gambit. → Read More
Ford first quarter revenue, profits top estimates; EV unit loses $722 million
Ford's Q1 earnings on Tuesday will break down results by its three new business segments for the first time. → Read More
GM to kill off Chevy Bolt, paving way for new EVs
In today’s GM earnings conference call, the automaker dropped a bomb on electric vehicle enthusiasts and the automotive industry. → Read More
Volkswagen to invest $193 billion on EVs, new tech investments
German auto giant Volkswagen group reported strong results on Tuesday, but the big headline is another large expansion in EV and “digitalization” spending. → Read More
Lexus RZ EV — The good: It’s a Lexus; the bad: range and other factors hold it back
Lexus has been doing it’s thing quite successfully in the auto world for some time now - defining Japanese luxury. But Lexus’s EV efforts, like those of its parent company Toyota, have been stalled. Lexus has been on the backfoot developing its first EV, which will finally come out this year while its competitors in the luxury space have had EVs out for some time now. → Read More
GM offers voluntary buyouts to US salaried workers, expects $1.5B charge
General Motors is laying out its plan to extract $2 billion in cost savings, and it seems reductions in its labor force will be a big part of it. “This... → Read More
Why used car prices are going up again
New data shows used car prices which surged during the pandemic, are now stubbornly remaining there despite recent weakness in the market. → Read More
Tesla investigated for Model Y steering wheels that may detach during use
Tesla shares are lower today as the National Highway Traffic Safety Administration (NHTSA) is opening an investigation into the Model Y SUV over an issue with steering wheels that may fall off when the vehicle is in operation. → Read More
Rivian stock tanks as it announces $1.3B 'green bond' offering
Rivian shares are sliding today as the EV-maker announces plans for a “green” debt offering. Rivian says it intends to sell $1.3 billion worth of “green” convertible senior notes due in 2029, with the option to grant an additional $200 million worth of convertible notes to the original purchasers. → Read More
Scout Motors wants to build the next 'iconic' brand in the US — and the IRA is helping
Volkswagen’s Scout Motors brand is capitalizing on its U.S. roots, with an EV twist. Scout Motors, named after the spunky off-roader built by now defunct... → Read More
Tesla slashes prices of high-end Model S and Model X EVs
Tesla is bringing out its price chopper again, this time at the higher end. → Read More
Ford's 'balanced' electric bet faces crucial 2023 as restructuring takes hold
The big picture is mixed for Ford investors: Ford's historic EV transformation is likely necessary, but it's taking longer than expected. → Read More
Tesla stock pops after China sales jump year-over-year
Tesla says its January price cuts for Chinese-made vehicles are still generating strong demand. → Read More
Polestar stock jumps as earnings, production forecast delight investors
Polestar, the Swedish-based EV-maker backed by Volvo and Geely, is on a big roll. The company reported strong fourth quarter earnings, reporting a narrower loss than expected, and revenue that jumped 84% from a year ago. → Read More
Tesla stock down sharply as Investor Day lacks details on next-gen car
Tesla shares are sharply lower following its Investor Day presentation last night, where the automaker addressing topics like Musk’s “Master Plan 3” and vehicle design evolution, but did not reveal a design or specifics about its “generation 3” upcoming car. → Read More
Tesla Investor Day: No gen-3 vehicle announcement, next gigafactory coming to Mexico
Tesla shares trading lower following its Investor Day, with the main disappointment being the automaker did not reveal its next generation 3 car design, though it did reveal that two upcoming models will be joining the Tesla product portfolio. → Read More
Tesla working on Model Y refresh, codenamed 'Project Juniper': Report
Even as Tesla’s big Investor Day approaches, news about future products that may or may not be revealed at the event has a way of trickling out. Reuters reports that Tesla is working on refresh of its top-selling Model Y crossover SUV, this according to sources. → Read More
Rivian earnings: Stock slides as its 2023 production forecast misses the mark
Rivian shares are sliding after the EV maker report mixed Q4 results, and a production forecast that missed the mark. → Read More
Rivian earnings preview: Production, path to profitability in focus
Rivian shares will be in focus after the bell as the electric adventure vehicle maker will report its Q4 financial results. Of particular interest for investors will be its new annual production target, and its projected EBITDA loss for 2023. → Read More
Porsche has 'a lot of momentum' heading into 2023, U.S. CEO says
Coming off another record setting year in the U.S., and a successful IPO, German sports and luxury car brand Porsche would have a tough time topping a strong 2022. But Porsche being Porsche, resting on its laurels isn’t enough. It isn’t part of the brand DNA. → Read More