Tesla employees confirm demand problems but stock spikes on tariff reprieve
In an open letter asking CEO Elon Musk to resign, Tesla employees said that the company’s switchover to an updated Model Y in the first quarter isn’t the cause of its problems, Electrek reports . Tha...
16 states and DC sue Trump administration for freezing EV charger funds
Among the 26 executive orders that President Trump signed on Inauguration Day, one sought to kill a star policy achievement of the Biden administration: the National Electric Vehicle Infrastructure p...
Detroit automakers say Trump’s UK trade deal unfairly favors foreign cars
A trade group representing Detroit’s big three automakers, , , and , issued a statement late Thursday criticizing the Trump administration’s fresh trade deal with the UK . “We are disappointed that th...
Economists confirm what everyone already knew: Democrats buy electric vehicles
Political ideology plays a major role in Americans’ decisions to buy electric vehicles, a new NBER working paper that sifted through county-level vehicle registration data found. That’s the case even ...
Tesla’s second quarter is starting off with tanking sales in some of its biggest markets
Another day, another report of declining sales. Most recently, data from the China Passenger Car Association showed that Tesla sales declined 6% there in April, compared to a year earlier, to 58,459 ...
Carvana earnings show tariff panic buying wasn’t just for new cars
reported earnings on Wednesday after the bell, and the used car retailer’s financials show that tariff-induced “panic buying” wasn’t just for new vehicles. Carvana reported earnings per share of $1.61...
Ford’s hiking prices of some Mexico-produced vehicles by up to $2,000
promised “no promises” about hiking vehicle prices once it winds down its employee pricing discounts, and folks? It’s keeping that promise. According to reporting by Reuters (confirmed by Ford), the a...
Rivian and Lucid, still burning huge piles of cash, now have tariffs to contend with
Running an EV-only company ain’t cheap. Just ask and . Both electric vehicle makers reported earnings after the bell on Tuesday, logging another quarter of heavy losses. Lucid reported a net loss of ...
Ford suspends 2025 guidance, expects a $1.5 billion tariff hit this year
Even automakers that are relatively insulated from tariffs are expecting the levies to come with major costs. on Monday reported adjusted earnings per share of $0.14, beating breakeven estimates. Firs...
Tesla’s Q2 sales are starting off poorly in Europe
More monthly reports of sales are coming in from around Europe and they’re mostly pointing to more problems for the electric car company, which missed analysts’ lowered expectations last quarter than...
Tesla is already discounting the new Model Y
The refreshed Model Y was supposed to spur more purchases but it’s already on sale, suggesting there isn’t as much pent-up demand as the EV company would have liked. Just weeks after launching the le...
Why the Bezos-backed $20,000 Slate EV is so attractive, in one chart
When Slate Auto unveiled its electric truck last week, the flashiest thing about the bare-essentials vehicle was the price: expected to come in under $20,000 after tax credits. Not only does that make...
Chart: Tesla’s profits would evaporate if not for these regulatory credits
Last quarter was bad for , but it would have been much worse had it not been for the money the company gets from regulatory credits. These credits are basically pure profit, since Tesla, which exclusi...
The anti-Cybertruck: Bezos-backed Slate unveils a bare-bones EV truck under $20,000
Last night Slate Auto , the stealth EV startup backed by founder Jeff Bezos, formally unveiled a bare-bones, customizable electric pickup that’s supposed to cost less than $20,000 after federal credi...
A chronological look at Tesla’s changing value proposition
Outsiders have long debated the value of , whose price-to-earnings ratio is one of the most expensive in the S&P 500 and much higher than a mere car company. But CEO Elon Musk has his own ideas about ...
Tesla earnings fall far short of lowered expectations
fell short of analysts’ already diminished expectations for the first quarter, reporting earnings per share of $0.27, compared with Bloomberg’s consensus estimate of $0.47, and revenue of $19.3 billio...
Bezos-backed EV company teases $25,000 trucks ahead of Tesla earnings, where low-cost Model Ys expected to be delayed
Slate Auto, the stealth electric vehicle company backed by founder Jeff Bezos, has recently been pretty loud about its ~$25,000 competitor. It’s apparently planted a number of concept versions of th...
Analysts expect Tesla’s gross margins to be lower than they’ve been since 2012
Investors are bracing for how bad disappointing vehicle sales reported earlier this month will be for the company’s bottom line when it reports earnings after the bell. One particularly low expectatio...
What Tesla investors want to know from Elon Musk during tomorrow’s earnings report
reports its first-quarter earnings after the bell tomorrow and investors have a lot of questions about the future of the company, which has been among the worst-performing in the S&P 500 this year. Th...
Tesla supplier CATL, a Chinese EV battery giant, teases big breakthroughs
CATL, the world’s largest electric car battery maker, announced a handful of advances that could provide longer driving ranges and make EVs cheaper and lighter. CATL supplies batteries for several maj...