Tesla denied reports the company’s board has begun searching for a replacement for CEO Elon Musk. The South African-born entrepreneur has come under increasing fire due to his ties to the Trump administration, leading to a sharp slump in Tesla sales and earnings and calls by some leading investors to find a new chief executive. Headlight.News has the latest.
President Donald Trump keeps fine tuning the 25% tariff on automobiles and components coming into the U.S. from Canada and Mexico as well as the much larger levies from China. As a result, automakers continue to find ways to offset the price increases without crushing their bottom lines. Find out more at Headlight.News.
General Motors saw its first quarter revenue rise 2.3%, but its adjusted earnings and net income declined. The company’s top leaders delayed a call with investors, analysts and the media about the quarter due to President Donald Trump’s decision to ease tariffs. Officials will talk Thursday morning about the results and the potential impact of the president’s move. Get details at Headlight.News.
Under the guise of unleashing “American ingenuity,” the Trump administration eased some of the rules regarding the development and testing autonomous vehicles. Among the changes, automakers will not be required to report certain types of crashes involving their self-driving cars. Find out more at Headlight.News.
Nissan is taking a new tack on its attempted turnaround, especially in the U.S. The automaker revealed changes to its product plan for America, including a potential return to a longtime favorite: the Xterra. Get details at Headlight.News.
Tesla CEO Elon Musk attempted to use the EV maker’s earnings calls to quell concerns about his work with the Trump administration. He plans to leave his day-to-day role at the Department of Government Efficiency in a month to focus on Tesla. Get details about Musk’s plans and Tesla at Headlight.News.
EV maker Tesla’s first-quarter earnings didn’t meet Wall Street expectations. Analysts predicted the company’s earnings would be flat on a year-over-year basis, but the company’s revenues were down 9%, and its adjusted earnings slid 17%. Find out more at Headlight.News.
Tesla sales have fallen all over the world, much of that due to backlash against CEO Elon Musk’s political ties to the Trump administration. Now, the automaker’s share of the bellwether California EV market has dipped below 50%, as competitors draw in EV buyers with a flood of new products.
As buyers snap up unsold vehicles, Ford cautions dealers prices will be going up as the result of the new Trump auto tariffs. And other manufacturers say they likely will follow. More from Headlight.News.
President Donald Trump signaled he may again reverse himself on a key part of his tariff plan, this time telling reporters that he is “looking at” temporary exemptions from the 25% tariffs covering imported autos and auto parts. Experts warned that plan would add thousands of dollars to the cost of both U.S. and foreign-made vehicles and cost the industry nearly 2 million sales for all of 2025. Headlight.News has more.
Toyota’s looking to take NYC by storm during this year’s New York International Auto Show with a new introduction for its race-inspired GR lineup. The new GR Supra MkV Final Edition gives performance mavens something to look forward to, reports Headlight.News.
President Donald Trump paused for 90 days most of the tariffs that went into effect earlier this month targeting virtually all U.S. trade partners. But he left in place sectoral tariffs, notably including those imparting import autos and auto parts, as well as foreign-made steel and aluminum. He also increased tariffs on countries, such as China, that responded to his original order with increased trade sanctions of their own. Headlight.News has more.