The accounting of Tesla’s capital spending and assets, particularly what appears to be a missing $1.4 billion, are prompting new questions about spending by the company and its uber-wealthy CEO Elon Musk.
Government
Trump Turns Tail, Reportedly Won’t Follow Up With Auto Tariffs
Faced with strong resistance from domestic and foreign automakers alike, Pres. Donald Trump has reportedly folded and won’t put in place 25% tariffs on Mexican and Canadian autos and auto parts which, critics warned, could cripple the auto industry while also giving a hammer blow to the U.S. economy as a whole. More from Headlight.News.
Trading in Your Tesla? You’re Not Alone – But Be Ready for an Unpleasant Surprise
As protests at many Tesla showrooms become a daily occurrence and those who own the automaker’s products find themselves routinely given thumbs-down or an extended middle finger, more and more are trading in, according to new data. But they’re finding residual values for used Teslas have come crashing down. That’s something competitors such as Lucid and Polestar hope to take advantage of, as Headlight.News reports.
Musk Under Mounting Pressure to Quit Trump or Leave Tesla
Two top Tesla investors are taking aim at CEO Elon Musk, one saying he must pull back from his work for the Trump administration, the other saying the damage is done and that it’s time for the automaker to find a new chief executive. Things grew worse for the...
Update: Tesla Recalls Cybertruck as Exterior Panels Fly Off
After initially halting deliveries due to reports of exterior panels detaching while the vehicle is being driven, Tesla said Thursday it would recall all Cybertrucks it has produced from launch through late last month. It comes as the eighth safety recall of the electric pickup and another setback for a manufacturer that has seen its stock price plummet by nearly half its value since mid-December. It underscores the fact that Tesla has had major ongoing quality, durability and recall problems. Headlight.News has more.
Car Thefts Dropped 16.6% Last Year Courtesy of Kia, Hyundai Changes
Car thieves were far less successful last year, according to experts. The total number of vehicles stolen fell below the 1 million mark for the first time since 2021. In fact, the reduction ended a four-year run of increases — and Kia and Hyundai appear to be the reason. Find out more at Headlight.News.
Tesla Gets Excluded from Canadian Incentive Due to Musk’s Political Involvement
The ongoing trade tensions between the U.S. and Canada got a little more … targeted Monday. The city of Toronto announced Tesla vehicles will no longer be eligible for the city’s EV incentives for taxis. Get details at Headlight.News.
How to Avoid Toll Road “Smishing” Scam
Remember that trip you took a few months back? Well, you didn’t pay your toll and if you don’t pay up soon you could run up late fees or worse. Or so goes the latest Internet scam. It seems like most of us have been receiving these seemingly innocuous alerts by text or e-mail and all too many folks have fallen for a scam the FBI has now issued a warning about. Headlight.News has more.
Buyers Catch a Break – Temporarily – as BMW Set to Absorb Tariffs on Mexican-Made Models
President Donald Trump’s new tariffs threaten to shake up the auto industry, threatening to add thousands of dollars to the cost of even U.S.-made vehicles. For now, though, BMW will give buyers a break, the automaker saying it will absorb the added tariff costs on vehicles it imports from Mexico. Whether BMW can maintain that strategy – and whether other manufacturers will follow – is unclear.
Trump Buys a Tesla Then Moves to End Pro-EV Rules
The day after President Donald Trump and adviser/Tesla CEO Elon Musk showed off the president’s just-purchased Tesla Model S, the Trump administration took the next step in eliminating the Biden administration’s push to increase electric vehicle production. Find out more at Headlight.News.
Kia Takes Aim at Tesla – So do Protestors and Vandals – While Owners Trade in as Backlash to Musk Mounts
“I bought this after Elon went crazy.” We’ve seen plenty of bumper stickers like that, lately, but this one was on the back of a Kia EV3, found in a snarky Instagram post by Kia’s Norwegian subsidiary. And, it seems, many Tesla buyers may be listening. A growing number of them are trading in as backlash grows against CEO Elon Musk’s turn to the political right. Protests are growing at Tesla dealerships around the world, one showroom in France firebombed. Here’s more.
Despite Bullish Forecasts, Wall Street Is Walking Away From Tesla
The bulls are still, well, bullish, when it comes to Tesla stock, but the rest of Wall Street seems increasingly nervous and that’s cost the EV maker fully half of its market capitalization since reaching a mid-December, post-election high. And one man appears to catch most of the blame: CEO Elon Musk. More from Headlight.News.