Tesla reported a GAAP net income of $1.2 billion and non-GAAP net income of $1.4 billion for the second quarter of 2025. Revenue for the quarter was $22.5 billion, a 12% decrease compared to the same period in 2024. The year-over-year decline was driven by reduced vehicle deliveries, a lower average selling price, and decreased … Read more
The Model Y gets a stretch Meet the Tesla Model Y L—an extended wheelbase version designed to offer even more space and comfort, with a sleeker, more refined silhouette. A bold rear redesign Subtle but significant changes out back include updated lighting, simplified badging, and the “Model Y” script in both English and Chinese characters—confirming … Read more
Around the world, automakers are working to implement new ways to make their infotainment systems more useful to drivers. One of those ways is integration of large language model-based AIs like OpenAI’s ChatGPT or Google’s Gemini. For Tesla owners, the obvious integration would be xAI’s Grok platform, created by Tesla CEO Elon Musk. The CEO … Read more
Tesla reported its second-quarter 2025 production and delivery figures, showing a significant decline in deliveries compared to previous quarters. According to the company, it produced 410,244 vehicles and delivered 384,122 between April and June. This marks the largest quarterly drop in vehicle deliveries in Tesla’s history. The figures represent a notable gap between production and … Read more
Owning a Tesla—or any battery electric vehicle (BEV), for that matter—comes with its share of maintenance benefits. You can say goodbye to oil changes and spark plugs, and instead focus on a much shorter checklist: windshield wipers, wiper fluid, brakes, and tires. Of these, three are fairly easy to monitor. But windshield wipers often get … Read more
The most shocking car depreciation stories of the decade Even the flashiest models aren’t safe—here’s how much value top 2020 cars lost in just five years. All data from eCarsTrade. BMW 7 Series lost more value than a brand-new BMW 3 Series The 7 Series shed an eye-watering €73,201—65.43% of its value—plunging from €111,879 to … Read more
During the last Tesla earnings call, a dejected Elon Musk bragged about how he was able to retool all of his Model Y production facilities in the same few weeks to start rolling out the updated model. He said that was the reason why deliveries were terrible in the first quarter of 2025, and not … Read more
Tesla reported significantly reduced profit in the first quarter of 2025, driven by decreased vehicle deliveries, ongoing production line changes, and lower average selling prices. The company posted a GAAP net income of $409 million, down 71% year-over-year. Non-GAAP net income, which excludes stock-based compensation and digital asset gains or losses, came in at $934 … Read more
Tesla Inc. is facing a proposed federal class action lawsuit that accuses the automaker of inflating odometer readings on its electric vehicles, potentially allowing the company to reduce warranty obligations and increase repair-related revenue. According to the complaint, the plaintiff, Nyree Hinton, alleges that Tesla’s odometer system relies not solely on distance traveled but also … Read more
Tesla Inc. has reached a settlement in a racial discrimination case brought by a Black female employee who worked at the company’s Fremont, California facility. The plaintiff, Raina Pierce, alleged that a manager occasionally greeted workers with phrases such as “welcome to the plantation” and “welcome to the slave house.” Pierce, who was responsible for … Read more
