Tesla’s record sales quarter barely boosted profit
Tesla’s profit actually fell 37% compared to the same period last year, despite buyers rushing to take advantage of the expiring EV tax credit.
electric vehicles
General Motors gives up on BrightDrop electric vans
A chaotic four-year program comes to an end after GM struggled to sell the electric vans at scale.
Tesla reveals slightly cheaper ‘standard’ versions of the Model 3 and Model Y
The long-awaited cheaper Model 3 and Model Y are finally here, but they start at $36,990 and $39,990, respectively — just a few thousand dollars less than Tesla’s current offerings.
Lucid Motors sets record as Gravity sales pick up and tax credit expires
The company has seen EV deliveries increase for seven straight quarters, even though it’s still way off the ambitious goals it promoted when it went public in 2021.
Rivian is redesigning the R2 SUV’s door handles for better safety
The change comes after employees and customers reportedly voiced concerns.
Rivian’s best-case guess for 2025 sales is a 16% drop from last year
The company will likely sell fewer EVs this year than in both 2024 and 2023, making next year’s launch of the R2 SUV even more important.
Tesla has its best sales quarter ever as EV tax credit expires
The tax credit’s expiration on September 30 motivated buyers to take advantage of the $7,500 incentive, giving Tesla a shot to return to sales growth in 2025.
Explosion, vehicle fire rock Faraday Future’s LA headquarters
There were no injuries, but the building has been deemed unfit for occupation. Faraday’s landlord is currently trying to find a new tenant as the EV startup’s lease is expiring.
Tesla asks EPA not to roll back emissions rules as Trump calls climate change a ‘con job’
The company’s regulatory policy team is trying to clean up a mess that CEO Elon Musk spent $300 million to help create.
Telo raises $20 million to build tiny electric trucks for cities
The round was co-led by designer Yves Béhar and Tesla co-founder Marc Tarpenning, who helped get Telo off the ground in 2022.