Tesla Teases New Roadster and Model Y Price Hike as Apple Pauses EV Plans, Fisker Courts US Automaker Tie-up, Biden Targets China EVs
• Tesla CEO Elon Musk said the long-delayed Roadster sports car will be unveiled by end of 2024, boasting radical specs developed with SpaceX. Tesla also reversed recent price cuts on Model Y variants.
• Apple reportedly shelved its secretive self-driving car project to focus AI efforts elsewhere, disappointing some analysts.
• Fisker said it’s close to a partnership with an unnamed major automaker to secure investment and develop EVs in North America.
• President Biden vowed to block entry of Chinese internet-connected vehicles over security risks, seen as targeting cheap China-made EVs.
• Canoo shareholders approved a reverse stock split to boost its battered share price as the startup struggles to scale production.