Search | Just The News

Energy

Joe Biden, Sept. 14, 2022, Detroit, Mich.

Less than a year after Biden announced his EV push, industry shows his targets may be unobtainable

An analysis by energy expert Robert Bryce found that Ford Motor Company incurred an operating loss of its EV business in 2023 that exceeded its total profit for the year. The company lost $64,731 on every electric vehicle it sold last year.

Energy

Elon Musk, Tesla Cybertruck, Nov. 21, 2019, Hawthorne, Calif.

Is the Cybertruck a ‘Go F yourself’ from Musk or another broken promise driven by public funds?

“Elon’s main innovation is his ability to deploy humanist rhetoric to generate political support for his business ventures. Those businesses have been largely built by gaming the regulatory system and generous public funding,” said Alex Stevens, manager of policy and communications for the Institute for Energy Research.