Volkswagen launches home EV charging system sales ahead of ID.3 vehicle deliveries – TechCrunch

[ad_1] Volkswagen has started to sell a home-charging device as the automaker prepares to bring its new ID family of electric vehicles to market. The ID.3 is the first electric vehicle under the ID label and will only be sold in Europe. Customers who made reservations for the launch edition, known as ID.3 1st, will…

Tesla turns Q1 profit on cost reductions, rising car margins, credits – TechCrunch

[ad_1] Tesla reported Wednesday that it earned $16 million and generated $5.985 billion in revenue in the first quarter, results buoyed by improved automotive margins and reductions in operating expenses. Tesla’s first quarter earnings were lower than the previous period as the COVID-19 pandemic disrupted operations and dampened sales. But the company still managed to…