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.
Motorists around the world are becoming increasingly comfortable with purchasing and owning EVs, according to a new study, though Americans lag well behind their counterparts in Europe and, in particular, China. Credit the longer range, faster charging and lower costs of newer EV models, consumers told McKinsey & Co. Headlight.News has more.
Don’t think of the Mercedes-Benz Vision V as just another van. True, it has the tall roof and the sliding doors but the German automaker intends to create an entirely new segment with the all-electric concept vehicle – and the production model set to soon follow....
Tesla has long promised to deliver an “affordable” battery-electric vehicle, but the project has yet again been delayed, according to a new report. With competition coming in the under-$30,000 segment, the delay could add to Tesla’s woes as sales continue to sag, driving down both Tesla’s earnings and stock price. Headlight.News has more.
Tesla faces a new lawsuit accusing the company of intentionally inflating the mileage shown on its vehicles’ odometers in order to avoid warranty claims. The new class action suit filed in California could expose the automaker to potentially massive fines, penalties and other costs under both state and federal law if it were found to be rigging odometer readings. Separately, CEO Elon Musk signaled that Tesla will have to replace as many as 4 million onboard computers not capable of operating the latest version of the company’s Full Self-Driving system.
Sales of new electric vehicles rose significantly last month as buyers raced to beat anticipated increase in prices due to Trump administration tariffs and the looming possibility of the end of federal tax credits. Is it still a good time to buy? Well, you’re going to pay more. Get details 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.
The Kia EV3 was named World Car of the Year at the annual New York International Auto Show, with Volvo, Porsche, BYD and Volkswagen also nabbing five other awards. As Headlight.News reports, EVs, dominated.
Kia continued its aggressive roll-out of battery-electric vehicles with the launch of the new EV4 at the New York International Auto Show. With a range of up to 330 miles per charge, the compact EV will become the brand’s new all-electric price leader. The automaker also rolled out a special version of its big EV9, the Nightfall Edition. Headlight.News has more.
Hyundai’s flagship Palisade SUV gets a makeover for 2026 and the three-row SUV not only grows bigger but adds a new hybrid option that can log more than 600 miles between fill-ups. For those who don’t want to stick to the pavement, meanwhile, there’s the brand’s first new XRT Pro package. Headlight.News has more.
Subaru hopes to electrify this year’s New York International Auto Show, the automaker introducing both the all-new Trailseeker EV and a mid- cycle refresh of its original battery-electric model, the Solterra at the show. Here’s what we’ve discovered.
Despite new Trump tariffs targeting imported autos and auto parts, Volkswagen intends to move ahead with plans to launch the sport Cupra brand in the U.S., company officials confirmed during a media event in Miami. But the move across the Atlantic may not happen until the very end of the decade – and Cupra may wind up moving at least some production to the U.S. by then, Headlight.News reports.