The 5 Biggest News Stories Of The Week [5/29-6/3]

Rep. Alexandria Ocasio-Cortez made headlines this week when she mused about ditching her Tesla EV. Many thought it was because of her recent war of words with Tesla chief Elon Musk, who she claimed had an “ego problem.” However, it was later revealed that AOC was considering getting rid of her Tesla in order to buy an EV from a carmaker that supports unionization. Musk, on the other hand, has not been historically fond of unions.

Red Bull roped Sergio Perez into signing a fresh contract that lasts until 2024. But more than just another extension, the contract ensures that Perez and teammate Max Verstappen’s partnership will serve as the one-two foil for Mercedes’ championship efforts led by Lewis Hamilton. With Perez pledging his services to Red Bull for another couple of years, the chances of AlphaTauri drivers Pierre Gasly and Yuki Tsunoda making it to the brand’s senior team have also shrunk. 

Chevrolet also made a splash with an aggressive, lower-than-expected pricing strategy for its next-gen Bolt EV and EUV. The price of Chevy’s entry-level 2023 Bolt EV has been set at $26,595, while the Bolt EUV LT will set buyers back by $28,195. The higher-specced Bolt EV 2LT will start at $29,795, while the Bolt EUV Premier will hit the stores with a $32,695 price tag in tow. Of course, these cars miss out on Chevy’s new Ultium technology, but cost-saving is what will ultimately attract buyers to GM dealerships.