Hundreds of Tesla Cybertrucks have been spotted being delivered to Elon Musk's private companies, SpaceX and xAI, as Tesla faces challenges selling the electric pickup truck. The Cybertruck has proven to be Tesla's first true commercial failure, with sales of 20,000 units per year against a production capacity of 250,000.
British car dealer Vertu Motors expects its annual profit to be reduced by £5. 5 million due to disruptions at Jaguar Land Rover caused by a cyberattack. The biggest losses were incurred in September, a key month for the British car market.
Tesla has introduced new, more affordable versions of the Model 3 Standard at $36,990 and the Model Y Standard at $39,990 in the US, which is $5,500 and $5,000 less than previous prices, respectively. The discounts turned out to be smaller than analysts expected and do not compensate for the loss of tax benefits of $7,500.
Tesla has announced a mysterious new product presentation scheduled for Tuesday, October 7. The teaser shows a rotating wheel or fan, sparking speculation about a new Model Y, an HVAC system, or even the next-generation Roadster.
Two San Francisco families have filed a lawsuit against Tesla, alleging that faulty Cybertruck door handles trapped three students in a burning car after an accident. This led to their deaths from smoke and burns.
In the third quarter of 2025, Tesla delivered 497,099 vehicles, exceeding analysts' expectations. This is a 7.4% increase compared to the same period in 2024, after a drop in deliveries in the first two quarters of 2025.
Elon Musk, the founder of Tesla and SpaceX, has become the first person in the world whose net worth has reached $500 billion. His fortune stands at $499.1 billion as of October 1, 2025, surpassing Larry Ellison by $150 billion.
Sales of new electric vehicles in the US grew by 21% last quarter, reaching 10% of total deliveries, thanks to a $7,500 federal tax credit. However, a slowdown in EV sales is expected after the credit expires.
Elon Musk announced the development of Grokipedia by xAI, which will be an alternative to Wikipedia. The billionaire criticizes Wikipedia for political bias, stating that the new project will help xAI "understand the Universe."
Tesla has officially released an updated Model Y Performance in the US, accepting orders at a starting price of $57,490 before incentives. The new version has an EPA-estimated range of 496 km and accelerates to 96 km/h in 3.3 seconds.
Daniel Ek, Spotify's founder, is stepping down as CEO, transitioning to the role of executive chairman. He will be replaced by co-CEOs Gustav Söderström and Alex Norström, effective January 1.
Dozens of top managers have resigned from Tesla, xAI, and X due to an exhausting work pace, political disagreements with Elon Musk, and mass layoffs. This has led to the cancellation of the affordable electric car program and a reorientation towards robotics and AI.
Automaker BMW is expanding the availability of hydrogen cars, offering a new X5 with hydrogen fuel cells in all markets. This expansion is part of a strategy to diversify the model range, which includes five powertrain options.
New Volvo electric vehicles, including the mid-size EX60 electric SUV, will be equipped with advanced battery technologies available outside of China. The EX60, due out next year, will have battery options with two different chemical compositions and will use prismatic cells.
Owners of Kia EV6 2025 and EV9 2026 electric cars will be able to charge their cars without apps and cards thanks to the new Plug & Charge function. The system will automatically verify the car and process payment.
Fintech expert Olena Sosedka spoke about investing in securities as a way to preserve capital during wartime. She explained how to take the first steps, which instruments to choose, and which mistakes to avoid, and also emphasized the importance of portfolio diversification.
Elon Musk's father, Errol Musk, has been accused of sexually abusing five children and stepchildren for decades. Relatives repeatedly sought help from the billionaire, but he did not directly participate in police investigations.
Nissan is facing a reduction in the production of the third-generation Leaf due to difficulties with battery supply from AESC. This jeopardizes the company's return to stability and its competitiveness in the electric vehicle market.
Lexus, in collaboration with Complete Customs, has created the luxurious Glam LX SUV with a chameleon pearl finish and crystal emblems. The car's interior has been transformed into a mobile beauty studio with a dressing area, a vanity table, and retractable seats.
Tesla reported three accidents involving its Robotaxi service in Austin, Texas, which occurred within the first month of operation. The company, which has only about 12 vehicles in its fleet, has classified most of the details of the incidents.
Elon Musk spent about $1 billion to acquire Tesla shares, which led to a nearly 6% rise in the electric car manufacturer's securities. Investors reacted positively to this move, seeing it as Musk's faith in the future of the business.
Larry Ellison's fortune grew by $101 billion, reaching $393 billion. This allowed him to become the richest person in the world for the first time, surpassing Elon Musk.
Home appliance manufacturer Dreame Technology has announced its first ultra-luxury electric car, which is set to compete with Bugatti. The model will be unveiled at CES in the USA at the end of 2025, with mass production planned for 2027.
Tesla's board of directors has proposed a new $1 trillion compensation plan to Elon Musk, contingent on achieving ambitious goals. This includes significant growth in market capitalization, sales of millions of cars, and the development of new technologies.
The 2026 Porsche Cayenne EV will have a wireless charging option using an induction platform. The system operates with 90% efficiency and charges the car as fast as a cable up to 11 kW.
Billionaire Elon Musk received an invitation to a summit of technology leaders at the White House, but does not plan to attend. His representative will be present at the event, where other well-known tech giants are expected.
Tesla's Robotaxi app is now available to all iPhone users. The company is expanding services beyond Austin, Texas.
BMW introduces the new iX3 electric crossover on the Neue Klasse platform, featuring "super brains" and software. This is an ambitious attempt to challenge Chinese competitors and Tesla.
Elon Musk stated that Optimus robots will account for up to 80% of Tesla's value, despite a decline in electric car sales. Deliveries of robots to other companies may begin in the second half of 2026.
Tesla has received only about 600 orders in India since sales launched. This is significantly less than the company expected, raising doubts about its global growth prospects.
