4 takeaways from Tesla"s Q2 earnings as profit plunges
Automotive gross margin, a key indicator of profitability, fell to just under 15 percent in the second quarter, its lowest level in five years. Tesla's operating margin fell to 6.3 percent from 9.6 percent a year earlier......»»
Warhammer 40,000: Space Marine 2 ending explained
Need a recap of the final mission of Warhammer 40,000: Space Marine 2? Here are the key takeaways from the game's ending......»»
Hyundai updates Ioniq 5 with bigger battery, Tesla-style port
There's also an off-road focused variant called the Ioniq 5 XRT. Enlarge / The lifted, rugged, off-road version-of-normal trend has come to the Ioniq 5 with the new XLT. (credit: Hyundai) The Hyundai Ioniq 5 is one of ou.....»»
Tesla plans six-seat Model Y, production slated for 2025 in China, report says
The addition of a six-seater variant underscores pressure in China from domestic rivals such as Nio and Zeekr......»»
Tesla readies robotaxi reveal at California Warner Bros. studio, report says
Tesla is targeting a reveal of its robotaxi at Warner Bros. Discovery's movie studio in the Los Angeles area, sources told Bloomberg......»»
JP Clausen brings auto, tech experience to GM manufacturing
JP Clausen, who previously worked for Tesla, Google and Lego, joined GM in April to succeed the retiring Gerald Johnson executive vice president of global manufacturing and sustainability......»»
Texas judge decides Texas is a perfectly good venue for X to sue Media Matters
Judge says Musk critic "targeted" advertisers in Texas, denies motion to dismiss. Enlarge / Tesla CEO Elon Musk speaks at Tesla's "Cyber Rodeo" on April 7, 2022, in Austin, Texas. (credit: Getty Images | AFP/Suzanne Cordeiro).....»»
F&I revenue still possible as leasing returns
As leasing grows across the country, car dealership finance managers might have a harder time hitting the kind of F&I gross profit per vehicle seen during the inventory shortage. But there's still an opportunity for the finance and insurance office,.....»»
Elon Musk’s Boring Company can’t get Tesla FSD to work in tunnels
Despite "full self driving," Teslas still can't cope with one-way tunnels. Enlarge / Human driver will continue to be a job at the Boring Company Las Vegas Loop for the foreseeable future. (credit: PATRICK T. FALLON/AFP via Gett.....»»
Toyota, Lexus top Consumer Reports" reliability rankings for used cars
At the bottom of Consumer Reports' rankings were Tesla, Dodge and Chrysler......»»
Public dealerships" F&I gross profits fall in Q2 but most above $2,000 a vehicle
AutoNation, Lithia, Group 1, Sonic and Asbury all had same-store finance and insurance gross profit per vehicle above $2,000 in the second quarter......»»
Lithia"s captive finance company Driveway Finance turned a Q2 profit
Lithia Motors Q2 2024 earnings: After just a few years of operation, Lithia's relaunched captive finance car loan company Driveway Finance Corp. turned a profit during the second quarter and was on track to stay that way......»»
Tesla can challenge Louisiana direct sales ban, U.S. appeals court rules
Tesla accused Louisiana officials of illegally banning direct sales since 2017 and restricting the leasing and servicing of its vehicles in the state......»»
Elon Musk foreclosing on former home of actor Gene Wilder
Tesla's CEO sold the home, which is down the street from where Lee Iacocca used to live, in 2020 when he was getting rid of some possessions......»»
Tesla Cybertruck: everything we know
Tesla's head-turning Cybertruck is hitting the streets, but not without controversy. Here's everything you need to know about the Tesla Cybertruck......»»
Tesla VP of finance exits: EV maker ‘not for the faint of heart"
Sreela Venkataratnam is the fourth executive to depart in five months, and Tesla has several challenges to overcome before the end of the year......»»
Ford dials back EV spending in costly pivot
Ford will now focus its efforts on hybrids as well as a flexible EV platform from a team led by former Tesla engineers. That will underpin a midsize pickup in 2027......»»
Xiaomi, eyeing Europe, will swallow EV losses to join Tesla in big leagues
Xiaomi’s founder Lei Jun has pledged to invest $10 billion to make EVs as the company aims to become one of the world’s top five automakers. .....»»
Ford, VW could face fines for missing EU"s 2025 CO2 goals amid EV market slowdown
Geely and Tesla are below their EU-mandated targets. Toyota is the closest to reaching its goal, while Ford and VW Group face the biggest gap, according to a study......»»
Fiery Tesla Semi crash in California draws NTSB probe
The Tesla Semi ran off the road on Interstate 80 near Emigrant Gap, Calif., around 3 a.m. Aug. 19. No one was injured, but the vehicle caught fire and ignited nearby brush, closing the freeway in both directions for several hours......»»
Tesla issuing new recall for 9,100 Model Xs over trim issue
Tesla is issuing a new recall for 9,100 Model Xs over a trim issue......»»