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EVs and batteries

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.

Newer, Cheaper Version of Tesla Model Y Debuts

Newer, Cheaper Version of Tesla Model Y Debuts

The first major update of Tesla’s best-selling product line, the Model Y, has officially gone on sale. Known internally by its codename, Juniper, it’s also being offered in a newer, cheaper form, with a base rear-wheel-drive package dropping to $37,490 after factoring in federal tax credits. Whether that will reverse declining Tesla sales, hurt by widespread protests against CEO Elon Musk’s role in the Trump administration, remains to be seen. More from Headlight.News.

Rivian Finishes Q1 in Black Again as Lucid Sets New Delivery Record

Rivian Finishes Q1 in Black Again as Lucid Sets New Delivery Record

American EV makers Rivian Automotive and Lucid Motors released their first-quarter earnings results, each hitting positive markers for the period. Rivian earned another $1 billion in funding from Volkswagen for turning a gross profit. Meanwhile, Lucid hit another vehicle delivery record during the period. Find out more at Headlight.News.

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.

VW ID.Buzz Recalled: Feds Say the 3rd Row is Too Roomy

VW ID.Buzz Recalled: Feds Say the 3rd Row is Too Roomy

Volkswagen has been ordered to recall all of the new ID.Buzz microvans it’s sold in the U.S. because, says NHTSA, the third row is too roomy. According to the feds, that makes it too easy to squeeze a third passenger into the back row though it doesn’t have three seatbelts. That’s one of two new recalls that have forced VW to temporarily halt sales and deliveries of the new EV. Headlight.News explains.