Luminar-Volvo breakdown deepens as lidar maker warns of potential bankruptcy

Luminar’s largest customer, Volvo, has canceled a key five-year contract as the lidar supplier warned investors that it might be forced to file for bankruptcy. The automaker stated that Luminar failed to meet contractual obligations, escalating a dispute already unfolding as Luminar defaults on loans, undergoes layoffs, and works to sell portions of the business. … Read more

Tesla Model Y sold out in China for 2025

It appears that the Model Y has been sold out for 2025 in China. This seems to be true for the four variants of the vehicle that are currently offered in the country.  Tesla China’s order page update A look at Tesla China’s order page for the Model Y shows a message informing customers that … Read more

Tesla adds new surprising fee to Robotaxi program

Tesla has added a new and somewhat surprising fee to the Robotaxi program. It’s only surprising because it was never there before. Tesla shocked everyone when it launched its Robotaxi platform and offered riders the opportunity to tip, only to tell them they do not accept tips. It was one of the company’s attempts at … Read more

Tesla scores major court win as judge rejects race bias class action

Tesla scored a significant legal victory in California after a state judge reversed a class certification in a high-profile race harassment case involving 6,000 Black workers at its Fremont plant. The ruling means the 2017 lawsuit cannot proceed as a class action because plaintiff attorneys were unable to secure testimony commitments from at least 200 … Read more

Tesla wins $508 price target from Stifel as Robotaxi rollout gains speed

Tesla received another round of bullish analyst updates this week, led by Stifel, raising its price target to $508 from $483 while reaffirming a “Buy” rating. The firm cited meaningful progress in Tesla’s robotaxi roadmap, ongoing Full Self-Driving enhancements, and the company’s long-term growth initiatives.  Robotaxi rollout, FSD updates, and new affordable cars Stifel expects … Read more