News

Hyundai Motor Co. is diving into the robotaxi business with Texas-based startup Avride. Hyundai and Avride’s autonomous ride-hailing service will roll out in Texas later this year. The South Korean automaker and its new partner plan to develop driverless robotaxis based on the all-electric Hyundai IONIQ 5 SUV. Last year, Hyundai’s IONIQ 5 passed a … Read more

The Tesla Model Y led South Korea’s imported car market in February 2025 with 2,038 units sold, as per data from the Korea Automobile Importers & Distributors Association (KAIDA).  Total imported passenger car registrations in South Korea climbed 24.4% to 21,199 units from 16,237 a year ago. Tesla ranked third at 2,222 units, behind BMW … Read more

Elon Musk-led companies are under scrutiny in Europe (EU) as tensions continue to rise between the bloc and the United States. Germany’s Green EU lawmaker Daniel Freund sent a letter to the European Commission requesting “a detailed list of EU funding allocated to companies owned or controlled by Elon Musk” in the past five years. … Read more

Tesla has chosen the location of its latest manufacturing project, a facility that will churn out the Megapack, a large-scale energy storage system for solar energy projects. It has chosen Waller County, Texas, as the location of the new plant, according to a Commissioners Court meeting that occurred on Wednesday, March 5. Around midday, members … Read more

Foxconn plans to continue construction on its nearly $900 million AI plant in Mexico, undeterred by U.S. President Trump’s tariffs. Foxconn–a.k.a Hon Hai Precision Industry Co.–plans to build the world’s largest assembly plant for servers in El Salto, Jalisco. The servers will be powered by Nvidia Corp’s GB200 AI chips. The Taiwanese company grew its … Read more

United States President Donald Trump’s 25% tariffs on imports from Canada and Mexico are threatening Detroit’s automakers, with Barclays analysts warning of a potential profit hit for Ford, GM, and Stellantis. Tesla will likely be safe from the adverse effects of Trump’s tariffs, however, as the company produces its vehicles in the United States. Trump … Read more

Goldman Sachs slightly cut its 12-month price target for Tesla from $345 to $320, citing weaker-than-expected vehicle deliveries in key regions and demand challenges. “We lower our below consensus delivery estimates for Tesla, reflecting the quarter-to-date data for key regions (i.e., China, Europe, and the US), as well as what we believe are broader demand … Read more

A federal judge has rejected Elon Musk’s push to block OpenAI’s for-profit conversion. The judge, however, opened the door for an expedited trial on Musk’s core claims against the artificial intelligence startup. Injunction Denied, but Core Case Advances U.S. District Judge Yvonne Gonzalez Rogers ruled on Tuesday that “Musk has not demonstrated likelihood of success … Read more

Authorities are investigating a suspected arson attack that torched a dozen Tesla vehicles outside a dealership in Plaisance-du-Touch, a suburb near Toulouse, France, late Sunday night.  The damage: The blaze destroyed eight cars and severely damaged four others. The prosecutor’s office informed the AFP that evidence suggests the fire was “not at all accidental,” pointing … Read more

Tesla China’s insurance subsidy deadline for the Model 3 has been extended to March 17, 2025, giving customers still on the fence about a purchase more time to decide. The Model 3’s insurance subsidy in China is RMB 8,000 or $1,101. Tesla China’s $1,101 insurance subsidy applies to all Model 3 variants purchased on or … Read more