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 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…
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’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 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’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 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…
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’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 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…
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…
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…
In a landmark case, General Motors (GM) is embroiled in a multi-district lawsuit accusing the automaker of violating customer privacy by collecting and selling driving data without proper consent, as reported by Law360. The Detroit-based company reportedly argues that driving…
Tesla has launched an immersive two-day demo drive program, allowing prospective buyers to experience its electric vehicles (EVs) firsthand, according to promotional material shared by Sawyer Merritt. The initiative, sent by email to prospective customers, highlights Tesla’s advanced features, including…
On April 20, 2025, a Wall Street Journal editorial revealed Washington state’s proposed tax on Tesla’s carbon emission credits, a policy that has sparked intense debate among electric vehicle (EV) enthusiasts and policymakers. Introduced by Olympia Democrats, the legislation aims…
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