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Earnings and Financials

Tesla Shares Soar as Musk Pledges to be “Super Focused” on the Company – But Sales Continue to Plunge

Tesla Shares Soar as Musk Pledges to be “Super Focused” on the Company – But Sales Continue to Plunge

If you’re a Tesla shareholder you’re likely quite pleased to hear CEO Elon Musk promise to back away from his work in Washington to become “super-focused” on the automaker and his other companies. If you’re a buyer looking for an EV, however, that may not matter much, Tesla sales continuing to tumble in markets as diverse as Europe, China and the U.S. Headlight.News has more.

Antonio Filosa Named New Stellantis CEO

Antonio Filosa Named New Stellantis CEO

Stellantis has a new CEO. After a nearly 6-month search, Antonio Filosa steps into the vacancy created by the unexpected resignation of Carlos Tavares last December. The 51-year-old Filosa faces some serious challenges, including weak sales by key brands Ram and Jeep. He may also face the question of whether to abandon some of the 14 Stellantis brands, such as Chrysler and Fiat. More from Headlight.News.

A Decade Later; German Court Convicts 4 Former VW Managers in Diesel-Gate Scandal

A Decade Later; German Court Convicts 4 Former VW Managers in Diesel-Gate Scandal

A German court has convicted four former Volkswagen managers of fraud in connection with the “Dieselgate” scandal that saw the automaker pay out more than $33 billion in fines and other costs for rigging diesel emissions data. Two of the VW employees face prison time. More from Headlight.News.

Senate Vote Could Kill California EV Rules

Senate Vote Could Kill California EV Rules

In a nod to Pres. Donald Trump, the U.S. Senate narrowly voted to block California’s ability to set unique emissions rules, a move critics say weakens the ability to address climate change. A court battle will likely determine whether the state will be blocked from mandating a switch to EVs by 2035.

Honda Slashes EV Investments Due to “Market Slowdown”

Honda Slashes EV Investments Due to “Market Slowdown”

Honda is cutting its planned investment in battery-electric vehicles by 30%, its CEO citing “the current market slowdown.” The automaker still plans to launch two all-new “0-Series models” next year but will slow down and stretch out development of other all-electric products. It’s not likely to be the last automaker to rethink EV spending, reports Headlight.News.

Toyota Goes Into “Wait and See Mode”

Toyota Goes Into “Wait and See Mode”

With dozens of new models set to debut in the U.S. in the coming months, this should be a big year for Toyota. But the automaker’s plans have been put in a “wait and see mode,” as executives struggle to figure out how to respond to the new Trump import auto tariffs.The tariffs could bring more Toyota jobs to the U.S. – but they might also price some products out of reach, hammering sales. Headlight.News has more.

Musk Promises to Stay in Tesla Role for 5 Years, Cutting Back on Politics

Musk Promises to Stay in Tesla Role for 5 Years, Cutting Back on Politics

Elon Musk is cutting back on political activity as Tesla pushes into autonomous vehicles, announcing plans to stay with the automaker as CEO for the next five years. Musk also said autonomy is the key to Tesla’s future, with its new CyberCab ready to roll next month.

Tariffs Backfire as Automakers Reduce North American Production

Tariffs Backfire as Automakers Reduce North American Production

Pres. Donald Trump’s 25% tariffs on imported autos and auto parts were intended to bring manufacturing and jobs back to the United States but, at least for now, the plan appears to be backfiring. Though a number of automakers are looking at ways to bring new vehicle production to the States, a new study shows that the industry will sharply reduce output in North America this quarter. And that, in turn, raises the prospect of U.S. auto jobs cuts. More from Headlight.News.

GM Switching to New Battery Chemistry For Trucks, SUVs

GM Switching to New Battery Chemistry For Trucks, SUVs

General Motors has created new partnerships to come up with less expensive and easier to source battery chemistry. The Ultium Cells joint venture with Korea’s LG energy is set to go into production in 2028. GM claims the new technology will be cheaper without sacrificing range. More from Headlight.News.

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.