Days after announcing a new mid-range Model 3 variant, Tesla has increased the price of the electric car from $45,000 to $46,000. The price hike also follows news that Tesla has dropped the Full Self-Driving option from its online configurator. Tesla told Motor Authority the $1,000 price increase is “a slight adjustment” to the Model 3 following…

Faraday Future has once again shifted to a poorer outlook as the electric car startup prepares to lay off employees and cut employee salaries. The latest measures in frugality come as Faraday Future feuds with its main investor over new installments of funds. The Verge reported on the forthcoming layoffs and wage cuts on Monday after obtaining…

Ford will soon become the first company to begin testing self-driving cars in Washington, D.C. The automaker announced on Monday it plans to expand its self-driving teams to D.C. after setting up similar operations in Detroit, Pittsburgh and Miami. The automaker laid out a wide list of goals it hopes to accomplish with its new D.C.-based…