Not Enough Copper to Support EV Transition, Study Says

Category: Automotive

The study from professors at the University of Michigan and Cornell University expresses doubt that there will be enough copper to meet the demand for electric vehicles. It suggests that mass adoption of hybrids could be a more effective alternative due to the high copper requirements of electric vehicles.

Keywords: Copper, Electric Vehicles, Renewable Energy, Hybrid Vehicles, Copper Mining

Source: Ward's Auto

Update At: 7/8/2024

Related Sources

Tesla reports mixed Q2 results, says 'affordable' EVs on track for 2025 debut

Tesla reported Q2 revenue of $25.05 billion, slightly exceeding expectations, but adjusted EPS fell short. The company is on track to produce new, more affordable EV models by mid-2025, despite a projected lower growth rate in 2024. Tesla delivered 443,956 vehicles in Q2, surpassing estimates but down from last year. The company also achieved a record 9.4 GWh of battery energy storage deployment, more than double the previous quarter.

Yahoo Finance

Tesla stock slides after company reports mixed Q2 results, says 'affordable' EVs on track for 2025 debut

Tesla reported Q2 revenue of $25.05 billion, slightly exceeding expectations, but adjusted EPS fell short. The company is on track to produce new, more affordable EVs by mid-2025, while Cybertruck production has tripled. Tesla delivered 443,956 vehicles in Q2, surpassing estimates but down from last year. The company also achieved a record 9.4 GWh of battery energy storage deployment, more than double the previous quarter.

Yahoo Finance

Tesla stock slides after company reports mixed Q2 results, says 'affordable' EVs on track for 2025 debut

Tesla reported Q2 revenue of $25.05 billion, slightly exceeding expectations, but adjusted EPS fell short. The company is on track to produce new, more affordable EV models by mid-2025. Despite a dip in vehicle deliveries compared to last year, Q2 deliveries improved from Q1. Analysts view the upcoming cheaper EV as a potential catalyst for sales growth. Tesla's energy storage deployment reached a record 9.4 GWh, more than double the previous quarter.

Yahoo Finance

TSLA enters wedge- will it go back down to $210?

Tesla is facing significant challenges in the electric vehicle market due to increasing competition, technological advancements by rivals, production quality issues, and a premium pricing strategy that limits accessibility. The company's market share and technological edge are eroding as competitors like Volkswagen, General Motors, and Ford introduce compelling alternatives. Additionally, regulatory changes and internal strategic shifts have further complicated Tesla's position. To remain a leader, Tesla must innovate and adapt to the rapidly evolving landscape.

Investing.com UK

4 Key Takeaways From Tesla's Earnings Call

Tesla CEO Elon Musk announced the postponement of the robotaxi event to October 10 and discussed plans for a more affordable vehicle expected to begin production in the first half of next year. The company reported disappointing second quarter earnings, leading to a decline in stock prices. Musk also revealed plans for the Optimus robot to be used in Tesla factories by 2025 and sold to other factories by 2026, while expressing interest from legacy automakers in Tesla's self-driving software.

Investopedia

Chinese EV stocks drop after Tesla's earnings miss, General Motors delays EV plans

Shares of major Chinese electric vehicle companies fell after Tesla's earnings missed expectations and General Motors delayed its EV plans. Xpeng, Nio, and Li Auto saw significant drops in their stock prices, reflecting a broader decline in EV market enthusiasm. Tesla reported a revenue decline and postponed its robotaxi unveiling, while General Motors announced delays in its electric truck plant and Buick's first EV.

CNBC

Tesla stock slides 10% after company reports mixed Q2 results, says 'affordable' EVs on track for 2025 debut

Tesla reported Q2 revenue of $25.05 billion, slightly exceeding expectations, but adjusted EPS fell short. The company is on track to produce new, more affordable EVs by mid-2025 and plans to unveil its robotaxi on October 10. Despite a 5% drop in vehicle deliveries year-over-year, Q2 deliveries improved significantly from Q1, indicating a potential positive shift in demand. Tesla also achieved a record 9.4 GWh of battery energy storage deployment in Q2.

Yahoo Finance

The 2025 Chevy Corvette ZR1 Is Coming From Fantasy Land, Too, and It's Quite Different

The 2025 Chevrolet Corvette ZR1, set to debut on July 25, is anticipated to be the most powerful Corvette yet, featuring a mid-engine V8 with a twin-turbo assembly and rumored horsepower between 800 to 850. While it will maintain some traditional design elements, significant changes are expected in the cockpit with a shift to a large central display. The exterior design will likely remain similar to previous models, leading to mixed opinions among fans.

autoevolution

[VIDEO] HorsePower Obsessed on Everything We Know about the C8 Corvette ZR1

The 2025 Corvette ZR1 reveal is highly anticipated, with excitement building since the first spy photos emerged in April 2022. As the preproduction phase concludes, new information about the ZR1's features is expected soon. Justin from HorsePower Obsessed shares the latest spy images and rumors, along with renderings, leading up to the reveal.

CorvetteBlogger

Corvette ZR1 Reveal Scheduled for 7:30 PM ET on 7.25.24

The 2025 Corvette ZR1 reveal is set for July 25, 2024, at 7:30 PM ET, likely to be streamed on Chevrolet's YouTube channel. The event will take place at The Concours Club in Miami, with Corvette Assembly Plant workers pausing production to attend the live reveal and a replay for 1st shift workers.

CorvetteBlogger