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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…
Rivian has unveiled plans for its new East Coast headquarters in Atlanta, a key step that supports the automaker’s renewed push to scale production at its nearby Georgia manufacturing facility. This development follows months of financial adjustments, including layoffs, but highlights Rivian’s focus on growth through affordable electric vehicles. The headquarters will open in late…
Lucid Group Inc.‘s interim CEO Marc Winterhoff has cautioned that proposed tariffs under President Donald Trump will elevate automobile production costs, affecting even vehicles assembled in the United States. This development stems from the automotive industry’s reliance on a global supply chain, which requires importing essential raw materials and components. In a Bloomberg Television interview,
Rivian Automotive shares fell sharply on Monday following a downgrade from Guggenheim, as analysts cited mounting challenges from recent policy changes under President Trump that scrap key incentives for electric vehicle buyers. This development raises questions about affordability for EV enthusiasts eyeing Rivian’s lineup, potentially slowing adoption in a competitive market. According to a Barro
Tesla has not submitted applications for the necessary permits to operate driverless taxis in California, according to state regulators, even as CEO Elon Musk projects an expansion to the San Francisco Bay Area in the coming months, reports Reuters. This development highlights ongoing challenges in deploying autonomous vehicle technology amid varying state requirements. California’s Strict…
On July 9, 2025, ArcBest, a leading logistics provider, announced the successful completion of a pilot program testing a Tesla Semi in over-the-road freight operations, marking a significant step toward integrating Class 8 electric trucks into mainstream logistics. Conducted through its less-than-truckload carrier, ABF Freight, the pilot underscores ArcBest’s commitment to sustainable freight solu
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