Porsche is adding an all-electric Cayenne coupe to its lineup
Porsche will start selling the Cayenne Coupe Electric in late summer.
Transportation
Spirit is broken
The bright yellow livery of Spirit Airlines may soon disappear from the skies. The country’s seventh-largest airline has been in financial trouble for years: It hasn’t turned a profit since 2019 and filed for bankruptcy twice in the last two years. Despite all that, its leaders predicted that the airline could exit bankruptcy and return […]
Tesla drops Musk’s $29B ‘interim’ award after Delaware court restored larger pay package
The company is following through on its promise to not let Musk “double dip” if he won his appeal to restore Tesla’s 2018 compensation package, worth $56 billion.
Tesla just increased its capex to $25B. Here’s where the money is going.
Tesla’s planned capex for 2026 is three times higher than what the company has historically spent. Its CFO said, as a result, Tesla will have a negative free cash flow the rest of the year.
Elon Musk admits millions of Tesla owners need upgrades for true ‘Full Self-Driving’
The admission could open Tesla to legal challenges after it spent years promising customers they were just one software update away from owning fully autonomous cars.
Elon Musk admits that millions of Tesla vehicles won’t get unsupervised FSD
Tesla vehicles with the company’s Hardware 3 (HW3) computer actually won’t receive unsupervised Full Self-Driving (FSD), CEO Elon Musk said on Wednesday’s Q1 2026 earnings call. Approximately 4 million Tesla vehicles operate on the HW3 platform, meaning that a significant chunk of Tesla owners – including customers that paid for the feature when they bought […]
Tesla Q1 revenue rises, driven by EV sales and FSD subscriptions
Sales rebounded a bit from the first quarter of 2025, as Tesla throws a ton of money at massive bets like robotics, AI, and its own chip fab.
Tesla’s revenue rises again as it prepares for more AI and robotics
Tesla released its 2026 first-quarter financial earnings today, providing another look at the progress of Elon Musk’s $1 trillion bet to transform his company into a leader of AI and robotics. Tesla said it earned $477 million in net income on $22.4 billion in revenue in the quarter that ended in April 2026. That’s a […]
Rivian R2 production has started despite tornado damage to factory
The company’s all-important mass-market EV is just about ready to start heading to customers.
BMW’s flagship 7 Series gets its ‘Neue Klasse’ upgrade
Ever since BMW first announced its “Neue Klasse” next-generation electric vehicle architecture and design language way back in 2021, the question on many fans’ minds was when the new technology would reach the automaker’s flagship 7 Series. Well, that moment has finally arrived. Today, at events in New York City and Beijing, BMW unveiled its […]