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Tesla Weighed Down by $800 Million in Unsold Cybertrucks

Tesla Weighed Down by $800 Million in Unsold Cybertrucks

In the weeks after Tesla unveiled its Cybertruck in November 2019, the automaker claimed to have logged more than 1 million advance reservations. As it turns out, only a handful of those have been translated into actual sales. Now, the automaker has an estimated 10,000 unsold trucks piled up on dealer and factory lots – worth about $800 million. The lack of demand has led Tesla to pull the plug on a range extender option that was supposed to deal with the truck’s limited range. Headlight.News has more.

Stellantis Electrifies 2026 Jeep Compass with EV, PHEV and Mild-Hybrid Options

Stellantis Electrifies 2026 Jeep Compass with EV, PHEV and Mild-Hybrid Options

Jeep formally unveiled the next-generation Compass SUV and it will come with an unusually wide range of powertrain options including an EV, a plug-in hybrid, and a mild-hybrid package. The 2026 Jeep Compass will debut in Europe, then North America and other markets, making it the brand’s most international model.  More from Headlight.News.

Toyota, Mazda, Honda Lead Best Used Cars Lists for Teen Drivers

Toyota, Mazda, Honda Lead Best Used Cars Lists for Teen Drivers

With the end of the school year approaching quickly, many teenagers are on the hunt for a summer job. This means many parents — and teens — are hunting for a vehicle to get them to and from work and the rest of their lives. IIHS and Consumer Reports teamed up to provide a slew of good options. Headlight.News has the story.

Toyota Teaming Up With Waymo on Autonomous Vehicles

Toyota Teaming Up With Waymo on Autonomous Vehicles

Waymo and Toyota are teaming up. The Japanese giant will help develop a new autonomous vehicle platform for the Google spin-off which has become the U.S. leader in driverless ride-sharing technology. The announcement comes days after VW and Uber revealed their own autonomous alliance. More from Headlight.News.