Nissan Faces Record $5.26 Billion Loss as Restructuring Hits Hard
Nissan Motor Co. projects a staggering net loss of 700 billion to 750 billion yen ($4.91 billion to $5.26 billion) for the financial year ending March 2025, driven by massive impairment charges and aggressive restructuring, Reuters reported. This marks the…
Volkswagen and Uber Partner to Deploy Autonomous ID. Buzz Electric Vans in U.S. by 2026
Volkswagen AG has forged a strategic partnership with Uber Technologies Inc. to deploy thousands of fully autonomous, all-electric ID. Buzz AD vans across U.S. markets, starting with a commercial launch in Los Angeles in 2026, according to Reuters. This collaboration…
Trump Grants Auto Industry Tariff Exemptions, Easing EV Supply Chain Pressures
President Donald Trump’s administration has announced exemptions for U.S. automakers from certain tariffs, a significant concession following intense lobbying by industry leaders concerned about rising electric vehicle (EV) costs and supply chain disruptions, according to the Financial Times. This decision,…
Tesla Shares Surge as Musk Pledges Focus, but Brand Damage Persists
Tesla’s stock climbed more than 5% today, after CEO Elon Musk announced he would scale back his advisory role with U.S. President Donald Trump to refocus on the electric vehicle (EV) giant. However, a 71% drop in Q1 net income…
China’s Rare Earth Magnet Ban Threatens Tesla’s Optimus Robot Production
China’s abrupt suspension of heavy rare earth magnet exports, announced earlier this month, has disrupted Tesla’s plans to manufacture its Optimus humanoid robots, according to Elon Musk’s statements during Tesla’s recent earnings call. The ban, a retaliatory measure against U.S.…
Tesla Q1 2025 Earnings: Autonomy Milestones, Affordable Models, and Financial Strength Amid Challenges
Tesla’s Q1 2025 earnings call, held on April 22, 2025, revealed a mix of ambitious milestones and cautious optimism as the electric vehicle (EV) giant navigates economic uncertainty, trade policy shifts, and global market challenges. With a record $37 billion…
Tesla Misses Q1 2025 Earnings, Investors Await Musk’s Strategic Update
Tesla reported disappointing first-quarter earnings on April 22, 2025, with earnings per share (EPS) and revenue falling short of analyst expectations, intensifying scrutiny on CEO Elon Musk’s upcoming conference call. Investors.com reported that shares dipped slightly in after-hours trading as…
State Treasurers Demand Tesla Board Address Musk’s Divided Focus Amid EV Market Challenges
On April 17, 2025, treasurers from eight US states issued a stern open letter to Tesla Inc.’s board chair, Robyn Denholm, expressing deep concerns over the company’s recent performance and CEO Elon Musk’s divided attention. Published via Americans for Responsible…
Tesla Faces Profit Dip and Market Challenges in Q1 2025 Amid Musk’s Political Role
Tesla’s anticipated first-quarter 2025 earnings, set for release on April 22, signal a slight decline in net profit to below $1.1 billion, down from the same period in 2024, intensifying scrutiny on CEO Elon Musk’s divided attention between the automaker…
Tesla Launches Home Charger Installation Option for Los Angeles and Dallas Customers
Tesla rolled out a new feature enabling customers in Los Angeles and Dallas to initiate home charger installation directly through the online car order configurator, as reported by EV journalist Sawyer Merritt on X. “NEWS: Starting today, Tesla customers in…
Tesla HW3 Vehicles with Intel Atom Chips Miss Spring Update Features, Sawyer Merritt Reveals
Automotive reporter Sawyer Merritt announced on X that Tesla vehicles with Hardware 3 (HW3) and older Intel Atom chips will not receive key features in Tesla’s Spring Update (2025.14.1). This news impacts EVXL’s audience of Tesla owners and enthusiasts, spotlighting…
Tesla Giga Texas Expands Cybercab Production with New Castings, Targets 2026 Rollout
Today, Sawyer Merritt shared images on X revealing Tesla’s Giga Texas facility preparing for Cybercab production, with casting racks labeled “CTTX” (Cybertruck Texas) and “RTTX” (Robotaxi Texas). Joe Tegtmeyer also posted photos showing new castings distinct from Model Y and…
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