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On April 14, 2025, Tesla introduced a Long Range Rear-Wheel Drive (RWD) Cybertruck priced at $69,990, a $10,000 saving over the $79,990 All-Wheel Drive (AWD) model. Announced on Tesla’s official website, this trim boasts a 350-mile range but omits all-wheel drive, air suspension, and the signature rear light bar. For electric vehicle enthusiasts, this signals…
Tesla stock showed signs of recovery on Monday, April 14, 2025, rising 3.4% to $260.92 in early trading after President Donald Trump excluded smartphones and certain electronics from his most severe import tariffs. This positive movement occurs during a challenging period for the electric vehicle manufacturer, whose shares have declined approximately 38% year-to-date and remain…
Tesla has abruptly suspended new orders for its Model S and Model X electric vehicles in China, a move that underscores the intensifying trade tensions between the United States and China. According to Reuters, Tesla’s Chinese website no longer allows customers to configure or order these premium models, redirecting users to view limited existing inventory…
On April 13, 2025, Lucid Motors seized a pivotal opportunity by acquiring the Arizona facilities of Nikola, a once-hyped electric vehicle (EV) and hydrogen truck manufacturer, for $30 million following Nikola’s Chapter 11 bankruptcy filing in February. The deal, announced on April 13, 2025, encompasses Nikola’s truck business and customer relationships, providing Lucid with 884,000…
In January 2024, Figure AI, a California-based robotics startup, announced a commercial partnership with BMW Manufacturing to deploy its humanoid robots at the automaker’s Spartanburg, South Carolina plant. The deal was hailed as a landmark for humanoid robotics, with Figure’s founder and CEO Brett Adcock touting a “fleet” of robots performing “end-to-end operations.” But a…
On April 10, 2025, Tesla officially opened its doors in Saudi Arabia, a move signaling both a reconciliation between CEO Elon Musk and the kingdom’s leadership and a bold step toward the country’s aggressive electric vehicle (EV) adoption goals, as reported by Reuters. With a glitzy launch showcasing the Cybertruck and a redesigned Model Y…
Tesla’s dominance in the U.S. electric vehicle (EV) market is slipping, with sales declining nearly 9% in the first quarter of 2025, even as the overall EV market expanded by 11%, according to a recent report by Cox Automotive. The research firm’s data reveals a shifting landscape where traditional automakers like General Motors (GM) and…
On April 11, 2025, General Motors (GM) announced the temporary suspension of its BrightDrop electric delivery van production at its CAMI plant in Ingersoll, Ontario, a move that will result in the layoff of approximately 500 workers starting April 14. According to a report by The Wall Street Journal, the decision stems from lackluster demand…
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