Tesla CEO Elon Musk says the company is working on a lower-cost EV that’s cheaper than the 3 and Y and could outsell them both. Get all the latest industry news in the Executive Briefing.
Today’s headlines:
+ In Tesla’s 3Q earnings call, CEO Elon Musk said the EV maker is developing a lower-cost car that will be cheaper than the best-selling Model Y and Model 3 and could outsell them both. More at Car and Driver.
+ In the earnings call, Musk also announced that the company plans to build up to 50,000 Tesla Semis in 2024, which would make it one of the largest Class 8 truck makers. More at Electrek.
+ A golfer is suing an Arkansas Ford dealer and a local country club for allegedly reneging on the offer of a new F-150 pickup valued at $53,595 for hitting a hole-in-one. More at Autoblog.
+ NASCAR has suspended Cup driver Bubba Wallace for one race for intentionally ramming the car of Kyle Larson following contact between the two at Las Vegas. More at Yahoo! Sports.
+ GMC unveiled the 2024 Sierra EV electric pickup, listing at $108,695 for the premium Denali Edition 1 and boasting 754 hp with approximately 400 miles of range. More at Motor1.com.
+ BMW has filed a patent application for a protective, damage-sensitive paint film that can alert the driver and trigger cameras when the exterior finish is scratched or abraded. More at The Drive.
+ Six Volkswagen investors filed a case in Germany against the carmaker for refusing to discuss its anti-environmental lobbying activities at the annual general meeting (AGM). More at Reuters.
+ Autonomous developer Waymo, which has been testing its robotaxis in Phoenix and San Francisco for some time, will now start offering the service in central Los Angeles. More at Autoweek.
+ The two operators of a family-owned used car dealership in Central Valley, New York have received substantial prison sentences for defrauding their lender banks and the IRS. More at the North Orange Daily Voice.
+ Haas F1 team principal Guenter Steiner says its new title sponsorship deal with MoneyGram will allow it to operate at the FIA budget cap and step up “to the next level.” More at Racer.
Photo courtesy of Tesla.
Review the previous MCG Executive Briefing from October 17 here.
Join Mac’s Motor City Garage on Facebook and Twitter to receive notifices when every new story is published.