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Elon Musk just promised robotaxis for half the US by year’s end, but California’s regulators aren’t buying it—here’s what EV owners need to know. Tesla CEO Elon Musk outlined ambitious plans for robotaxi deployment during the company’s recent earnings call, but significant regulatory obstacles and falling electric vehicle sales cast doubt on the timeline. This…
Tesla released its Q2 2025 earnings on July 23, reporting adjusted earnings of 40 cents per share, just below the average analyst estimate, alongside revenue of $22.5 billion that fell 12% year-over-year, marking the sharpest decline in at least a decade. Gross margin came in higher than anticipated. Updated as of 16:56 EST The company…
JPMorgan’s global automotive research chief, Jose Asumendi, took a ride in Tesla’s freshly deployed Robotaxi in Austin and reported the trip was “certainly solid and felt like a safe ride at all times.” The comment, posted by Sawyer Merritt on X, gives the autonomous Cybercab its first big bank-grade thumbs-up. While the vehicle still operates…
Tesla’s profits have long leaned on the sale of regulatory credits, but a quick turn in American policy may soon curb that cash flow and unbalance the company’s balance sheet. According to Reuters, the latest measures pushed by the Trump administration will abolish fines tied to the National Highway Traffic Safety Administration’s Corporate Average Fuel…
Nissan Motor Co. has announced the closure of vehicle production at its Oppama plant in Japan by the end of fiscal year 2027, a strategic move tied to the company’s push for profitability amid evolving electric vehicle demands. This decision affects a facility that pioneered the mass-market EV with the Nissan Leaf in 2010. Strategic…
Mercedes-Benz has announced a temporary halt to production of its EQE and EQS electric vehicle models in the U.S., a move that underscores growing challenges for the EV sector as federal incentives are poised to vanish. This decision arrives just ahead of the September 30 expiration of tax credits under the Biden administration, potentially signaling…
As electric vehicle sales falter, major battery manufacturers are shifting focus to a booming market in large-scale energy storage systems, offering a potential buffer against losses in the automotive sector. This strategic pivot helps utilize underused factories and taps into rising demand from utilities and data centers, according to a recent analysis from the WSJ.…
Spy photographers captured the first detailed images of the redesigned Chevrolet Bolt EV, showcasing an unwrapped side profile that hints at a crossover-like design while the front and rear stay heavily disguised. This update positions the vehicle as the first Bolt to leverage General Motors’ modern Ultium electric vehicle architecture, moving beyond the older battery…
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