The Tesla Cybertruck was supposed to be the future. Unveiled in a now-infamous 2019 event where its supposedly “bulletproof” windows shattered on stage, the sci-fi pickup, with its polarizing stainless-steel design, was hyped by CEO Elon Musk as an indestructible vehicle that would completely disrupt the lucrative truck market. Today, that future looks like a […]
Honda Is Giving Up on the All-Electric Dream
Honda just dealt a huge blow to the all-electric dream. In a stunning reversal, the Japanese auto giant has announced it is rethinking its electrification strategy, signaling that battery-electric vehicles (BEVs) are no longer the holy grail of its future. The move is a major setback for the EV industry, which is already reeling from […]
After Years of Promises, Tesla Says Its Cheaper Car Is Actually on the Way
For nearly a decade, it has been the holy grail for Tesla fans and the key to its mainstream future: a truly affordable electric car for the masses. After years of promises, delays, and speculation, the company confirmed on Wednesday that the long-awaited cheaper Tesla is finally moving from myth to reality. In its Q2 […]
Is Trump Trying to Get Back in Elon Musk’s Good Graces?
Elon Musk and Donald Trump joined forces before the 2024 presidential election to help each other out. Trump needed Musk’s money to buy votes and Musk needed Trump to decimate the federal government while making sure contracts with his own companies remained untouched. But the two men had a very messy falling out back in […]
Tesla Turns to a Classic Tactic to Spark a Buying Frenzy
If you’ve been thinking about buying a Tesla, the company has a direct and urgent message for you: the clock is ticking, and time is running out. During a conference call with analysts on Wednesday, Tesla’s Chief Financial Officer, Vaibhav Taneja, issued a stark warning to potential U.S. customers. The popular $7,500 federal tax credit […]
Tesla’s Nightmare Continues As Musk Warns of “Rough Quarters”Ahead
Tesla’s second-quarter earnings paint a grim picture: falling profits, slumping sales, and a reputation hit that keeps on hurting. The all-electric carmaker reported net income of $1.17 billion, down 16.3% from the same period in 2024. Revenue fell 12% to $22.5 billion from $25.5 billion a year earlier, marking Tesla’s second consecutive quarter of declining […]
As Tesla’s Sales Dwindle, a Critical Revenue Source Is Running Dry
Despite the occasional stock market rally, Tesla is clearly struggling. The EV company, once the crown jewel of its industry, has seen steep declines over the past year, as its CEO, Elon Musk, continues to draw criticism over his political activities. Sales for the company are down all over the world, despite its recent introduction […]
Tesla Isn’t a Car Company Anymore
Tesla may be in trouble. Investors and fans will get a clearer picture this Wednesday, July 23, when Elon Musk’s carmaker publishes its second-quarter earnings. There is no doubt that the core business is facing significant headwinds. The electric vehicle pioneer is expected to post a 13 percent drop in revenue and a 25 percent […]
Tesla Launches Blitz Sale to Revive Sales Ahead of EV Tax Break Cliff
Tesla has fired the first major shot in a brewing electric vehicle price war, launching a series of aggressive new promotions across its lineup as the market braces for the end of a crucial federal incentive. With the $7,500 federal tax credit for new electric vehicles set to expire on September 30, Elon Musk’s company […]
Tesla Tries to Save the Cybertruck With Its Most Desperate Offer Yet
Less than two years after its hyped-up debut, Tesla is making an aggressive, almost desperate, move to salvage the Cybertruck, a vehicle widely seen as one of the biggest busts in recent automotive history. Faced with production woes, quality control nightmares, and underwhelming sales, the company has added its polarizing truck to a massive sales […]