Tesla annual profit plunges to lowest level since pandemic

For the fourth quarter of last year, Tesla’s net income also plunged, down 61% to $840 million, or 24 cents. Excluding ...

Tesla is killing off its Model S and X cars to make robots

Tesla will “basically stop the production” of its Model S and X electric vehicles next quarter, CEO Elon Musk has announced at the automaker’s earnings call for the 2025 fiscal year.

Elon Musk says Tesla will stop producing its S and X models as it shifts to making robots

The two models helped move electric vehicles from the consumer fringe into the mainstream. Tesla CEO Elon Musk said Wednesday ...

Musk Says Tesla Needs to Build Its Own Factory to Make Chips

Elon Musk said Tesla Inc. needs to build and operate what he is calling a “TeraFab” to manufacture semiconductors, a massive ...

Inside Rimac’s Secretive Factory Where the Bugatti Tourbillon Is Being Built

Rimac opens its doors to show how the Nevera, advanced batteries, and Bugatti’s Tourbillon are being engineered behind the ...
The News Wheel

China Produced 2.5 Times More Cars Than the US in 2025, but an American Model Dominated the Assembly Lines

In 2025, China built over 25 million vehicles, 2.5 times more than the US, but an American made car topped the country’s ...

The Firewall Against Chinese Cars Is Cracking

It was the Chinese auto giant BYD. The secret to BYD’s success is simple: The company makes high-tech electric and hybrid ...

What Happens When a Chinese Battery Factory Comes to Town

Chinese firms are building battery plants from Europe to North America, promising jobs while prompting local concerns about ...

How tiny Slovakia became a car making heavyweight

The European country is the biggest autos manufacturer relative to the size of its population.