Tesla embarks on company wide hiring freeze as the EV maker struggles with mounting investigations, slumping demand, and a decrease in profits.
Tesla
Lucid Model Y Rival Set to Launch in 2026
In desperate need of a more affordable product that can deliver a big boost in sales, Lucid is working up a new compact SUV taking aim at the Tesla Model Y. Expect it to enter production by 2026, with a base price of less than $50,000, said CEO Peter Rawlinson, earlier than previously expected.
Fed Probe of Tesla Autopilot, FSD Raises Securities, Wire Fraud Concerns
Tesla now faces a criminal probe, federal prosecutors raising questions about the way the automaker has promoted its Autopilot and Full Self-Driving technology which – despite what Tesla and CEO Elon Musk have implied to investors and consumers – are not capable of being driven hands-free.
Still More Layoffs at Tesla
Tesla launched yet another round of layoffs this week as CEO Elon Musk struggles to compensate for slowing sales and a 55% drop in first-quarter earnings. The latest cuts mean Tesla will see total U.S. employment drop as much as 20%, according to one report, with some departments, including its Supercharger operations, eliminated entirely.
Cadillac Likely Won’t Be All-Electric by 2030
Cadillac has backed away from its plan to offer “an all-electric portfolio by 2030,” the luxury brand’s global boss acknowledged Wednesday. While that could yet happen, said General Motors Vice President John Roth, Caddy is likely to continue offering vehicles using internal combustion engines well into the next decade.
Major New Layoffs Take Steam out of Tesla Stock Rebound
It was looking to be a very good week for Tesla, news of a weekend deal with the Chinese government sending the EV maker’s stock soaring. But that’s so yesterday in the 24-hour news cycle. And word that CEO Elon Musk has dismissed two key executives – with their entire staff set to follow – took the steam out of Tesla’s nascent stock rebound.
Tesla Faces A New Probe As Earnings Tumble, New Product Previews and More In This Week’s Headlight News Podcast
This week's edition of the Headlight.News podcast covers a rollercoaster week for Tesla as it faces a new safety probe from the NHTSA and also sees its earnings tumble. Meanwhile, we preview several new products and also review the 2025 Toyota Camry before looking...
Tesla Faces Two Front Fight as it Confronts Protestors at Berlin Gigafactory and German Labor Unions
Tesla face new challenges from unions and environmentalists as the company’s sales and reputation begin to slip in Europe amid the expanding conflicts in Scandinavia and Germany.
Tesla Gets Go From China to Launch Full Self-Driving Tech, Sending Stock Soaring
Tesla CEO Elon Musk scored a much-needed win during a surprise trip to China over the weekend, a top Chinese official giving the automaker approval to launch its Full Self-Driving technology in the country’s massive car market. The news sent Tesla stock soaring – but also drew concerns coming days after a damaging assessment of Tesla’s original Autopilot system by U.S. regulators.
Toyota Highlander Set to Go All-Electric as Toyota Ramps Up EV Plans
Though it’s long emphasized hybrids, Toyota has plenty of battery-electric vehicles coming before the end of the decade and one of the most significant moves will see the automaker’s popular Highlander model go all-electric when the next-generation SUV comes out around 2027, Headlight.News reports.
Tesla Autopilot Has Critcal Safety Gap, Federal Investigation Links Feature To Hundreds Of Crashes
NHTSA closes three year investigation into Tesla’s Autopilot feature after the company announced a recall in December. Agency states the system has critical safety gap that contributed to hundreds of incidents and a growing tally of fatalities.
Looking to Buy a New EV for Cheap? Start with the Nissan Leaf
On average, the price of a new electric vehicle has dropped throughout the year. So if you’re looking for a good deal on a new EV, you’ll want to start with the Nissan Leaf. To see what else is affordable, or less expensive anyway, head over to Headlight.News.