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Tesla Weighed Down by $800 Million in Unsold Cybertrucks

Tesla Weighed Down by $800 Million in Unsold Cybertrucks

by | May 13, 2025 | , , , , , , ,

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.

Times Get Tougher at Nissan with 10K More Layoffs Coming

Times Get Tougher at Nissan with 10K More Layoffs Coming

by | May 12, 2025 | , , , , , , , ,

Nissan’s push to get back to prosperity continues to take it through tough times. The company apparently is preparing to layoff 10,000 workers — in addition to the 9,000 it’s already sent packing. This news comes as it prepares to release a quarterly earnings loss in the billions of dollars. Find out more at 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

by | May 6, 2025 | , , , , , , , , , ,

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.

Toyota, Mazda, Honda Lead Best Used Cars Lists for Teen Drivers

Toyota, Mazda, Honda Lead Best Used Cars Lists for Teen Drivers

by | May 6, 2025 | , , , , , , , , , , ,

With the end of the school year approaching quickly, many teenagers are on the hunt for a summer job. This means many parents — and teens — are hunting for a vehicle to get them to and from work and the rest of their lives. IIHS and Consumer Reports teamed up to provide a slew of good options. Headlight.News has the story.

Ford Posts Lower Profits, Predicts $1.5 Billion Hit Due to Tariffs

Ford Posts Lower Profits, Predicts $1.5 Billion Hit Due to Tariffs

by | May 5, 2025 | , , , , , , , , ,

As expected, Ford Motor Co. reported a drop in earnings and profits for the first quarter of 2025. The company also suspended its earnings guidance for the rest of the year, but did estimate the new tariffs could cost the automaker about $1.5 billion. Get details at Headlight.News.