Elon Musk frets over controlling Tesla’s ‘robot army’ as car biz rebounds slightly
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.
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.
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.
The first in a lineup of new vehicles from Also, which started as a skunkworks project inside of Rivian a few years ago.
The U.S. automaker’s technological overhaul will debut in two years with the Cadillac Escalade IQ.
A chaotic four-year program comes to an end after GM struggled to sell the electric vans at scale.
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.
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The change comes after employees and customers reportedly voiced concerns.
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.
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.