Author: Declan Murphy

Tesla reported flat total revenue and a 43% year-on-year decline in net profit for the third quarter of 2026, as falling automotive revenue and lower regulatory credit income weighed on earnings. US electric vehicle manufacturer generated approximately $28 billion in quarterly revenue, while GAAP net income fell to $787 million. Automotive revenue declined 3% year over year to $20.56 billion between July and September. Revenue from other business segments helped offset the decrease, keeping total revenue broadly in line with the same period last year. Tesla’s operating margin stood at 2.6%, reflecting pressure from lower average vehicle selling prices and…

Tesla and SpaceX have each established special committees of independent directors to examine a potential merger, Elon Musk said during SpaceX’s third-quarter earnings call on Tuesday. However, the billionaire cautioned that a transaction remains uncertain, with no agreed terms or guarantee that the discussions will lead to a deal. According to Musk, the committees were formed at shareholders’ request. Neither SpaceX’s earnings filing nor a Tesla filing mentions the committees, leaving his remarks during the SpaceX investor webcast as the only disclosed source of information about their formation. The comments follow renewed speculation about a possible combination of the two…

Tesla is preparing plans to expand its Gigafactory in Grünheide, Germany, with a new production hall and additional infrastructure, according to reports by German media outlets RBB and Märkische Oderzeitung. According to RBB, Tesla intends to submit the plans for approval in December. The proposed development would include a production hall north of the existing facility, with a reported floor area of approximately 536,000 square metres. That would make it more than twice the size of the current 219,000-square-metre production hall. Construction of the new building could begin in 2027, although the plans remain subject to the relevant approval procedures.…

Tesla has expanded its Powershare Home Backup function to the Model 3 sedan and Model Y SUV in the United States, allowing compatible vehicles to supply electricity to homes during power outages. The feature was previously available only on the Cybertruck. Tesla says the system can use energy stored in a vehicle’s traction battery to provide household backup power for extended periods. However, availability depends on vehicle configuration, purchase date and compatible home energy equipment. Backup Power for Up to Two Days or More According to Tesla, Premium and Performance versions of the Model 3 and Model Y can provide…

Tesla has renamed its Full Self-Driving (FSD) driver-assistance system to Tesla Assisted Driving across its European websites as the company seeks broader regulatory approval for the technology in the European Union. The updated name has appeared on Tesla websites in markets including Spain, Germany, Sweden and the Netherlands. The company has also updated its online owner’s manuals in these countries to reflect the change. The rebranding follows concerns from European regulators that the previous name could give drivers the impression that the system enables fully autonomous driving. Despite being marketed as Full Self-Driving (Supervised), the technology still requires drivers to…

Tesla produced approximately 464,000 electric vehicles and delivered just over 486,000 vehicles in the third quarter of 2026, maintaining the more consistent production and delivery performance seen during the first three quarters of the year. Between July and September, Tesla’s production reached a level last approached in the third quarter of 2024, when the company produced nearly 470,000 vehicles. Third-quarter production increased 3.7% year-on-year and 2.7% from the second quarter of 2026. Deliveries Continue to Recover in 2026 Tesla delivered approximately 486,000 vehicles in the third quarter, an increase of 1.2% from the second quarter. The quarterly delivery figure was…

Tesla has postponed the unveiling of its second-generation Roadster by two weeks, citing severe weather conditions expected at the outdoor event. The presentation, originally scheduled for October 1, will now take place on October 15. Tesla said the delay was necessary because of the predicted conditions and the fact that the event can only be held outdoors. The presentation was reportedly planned for Waco, Texas, around 90 minutes north of Tesla’s headquarters in Austin. https://twitter.com/Tesla/status/2104647484169728442 Weather Delays Roadster Presentation Forecasts for Waco on October 1 indicated warm temperatures, wind and rain. Tesla described the predicted conditions as severe enough to…

Tesla has expanded Vehicle-to-Load (V2L) functionality to additional Model Y variants in the United States, allowing selected vehicles to supply electricity to external devices through a newly introduced adapter. The accessory is available through the Tesla Shop for about $80 and is currently intended for Model Y Premium variants. Entry-level Model Y versions are not listed as compatible with the system. Adapter Adds External Power Capability V2L allows an electric vehicle to use energy stored in its traction battery to power external electrical equipment. The technology has become increasingly common across the EV market as manufacturers add more bidirectional power…

The US National Highway Traffic Safety Administration (NHTSA) has launched a preliminary investigation into approximately 1.2 million Tesla Model 3 and Model Y vehicles following complaints that a suspension component may fail and potentially affect steering control. The investigation covers Model 3 vehicles from the 2018 to 2020 model years and Model Y vehicles produced between 2021 and 2023. https://evmagz.com/tesla-produces-10-millionth-vehicle-reaching-global-manufacturing-milestone/ Suspension Component Under Review According to the NHTSA, the investigation follows 156 owner complaints alleging that the front lower lateral link can detach unexpectedly while the vehicle is in motion. The front lower lateral link is a critical suspension component…

Tesla is reportedly considering separating its China business as part of preparations for a potential merger with SpaceX, according to a report by The Wall Street Journal, although Tesla China has denied the claims. Citing people familiar with the matter, the report said some Tesla executives have been instructed to prepare for a separation of the company’s China operations ahead of a possible combination with SpaceX. Multiple Separation Options Reportedly Under Review According to the report, Tesla’s advisers have discussed several possible scenarios for the China business, including a spinoff, sale or closure. It added that the plans remain under…

Tesla plans to use selected employees at its Grünheide vehicle plant in Germany to help train its Optimus humanoid robot by recording human movement patterns during assembly work. According to Handelsblatt, the initiative forms part of Tesla’s broader robotics strategy, which also includes expanding component development and manufacturing activities at its site in Reutlingen. Employee Movements to Train Optimus According to Handelsblatt, citing an internal Tesla communication, selected employees at the Gigafactory in Grünheide will wear backpack-mounted cameras while performing assembly tasks. https://evmagz.com/tesla-opens-first-full-scale-public-megacharger-station-for-semi-in-california/ The cameras will record movements such as gripping tools, handling components and carrying out individual work processes.…

Tesla’s manufacturing facility in Grünheide, Germany, reported higher net profit for the 2025 fiscal year despite declines in both vehicle production and revenue, while outlining plans to increase output and expand battery cell manufacturing. According to the annual report of Tesla Manufacturing Brandenburg SE, the company recorded net profit of €77.1 million in 2025, compared with €56.8 million a year earlier. https://evmagz.com/tesla-launches-battery-cell-innovation-program-at-germany-gigafactory/ Revenue declined to approximately €7.1 billion from about €7.7 billion in the previous fiscal year. Production Declines During Model Y Transition The Grünheide factory produced around 202,000 vehicles during 2025, down from approximately 211,000 units in 2024, while…

The Tesla Model Y was the best-selling passenger vehicle in the Netherlands during the first half of 2026, outperforming both electric and internal combustion engine models, according to registration data published by Dutch automotive industry association BOVAG. A total of 4,317 Model Y vehicles were registered between January and June, giving the model a 2.5% share of the overall Dutch passenger car market. Model Y Leads Dutch EV Market Within the battery-electric vehicle segment, the Model Y accounted for a 6.8% share of registrations, maintaining its position ahead of competing electric models. https://twitter.com/teslaeurope/status/2075283910418964903 The Kia EV3 ranked second with 2,841…

Tesla has launched the Cell Giga Challenge, a new innovation program aimed at helping startups develop technologies for industrial-scale battery cell manufacturing at its Gigafactory Berlin-Brandenburg in Germany. The initiative will allow selected companies to test their technologies directly within Tesla’s battery cell production environment, with a focus on improving manufacturing quality, efficiency and scalability. Focus on Manufacturing Innovation Tesla said the program is open to startups developing technologies related to battery materials, production equipment, manufacturing processes, automation and artificial intelligence. Applicants are expected to demonstrate how their solutions can improve battery cell production in areas such as product quality,…

Tesla has begun testing a production version of its Cybercab robotaxi in Austin, Texas, marking a significant step toward the company’s goal of deploying a purpose-built autonomous ride-hailing vehicle. Videos shared on X show the two-seat Cybercab operating on public roads without a steering wheel or pedals. During the current testing phase, a safety monitor occupies the front passenger seat while the vehicle drives autonomously. https://twitter.com/Tesla/status/2071810353156194719 Cybercab Moves Closer to Commercial Deployment The latest trial comes nearly two years after Tesla unveiled the Cybercab concept, a fully autonomous electric vehicle designed exclusively for robotaxi services. Unlike Tesla’s existing Robotaxi pilot,…

Tesla plans to increase production at its Gigafactory Berlin-Brandenburg, targeting weekly output of 7,500 Model Y vehicles by October as it expands manufacturing capacity and recruits additional employees. The production increase will be implemented in two stages, according to Plant Manager Andre Thierig. Production Ramp-Up Tesla plans to raise weekly Model Y production from the current 5,000 vehicles to 6,200 units in July before increasing output to 7,500 vehicles per week in October. To support the expansion, the company intends to recruit an additional 1,000 production employees. According to news agency dpa, around 700 of those positions have already been…

Lemonade has expanded its Autonomous Car insurance product to Indiana, offering Tesla drivers reduced insurance rates for miles driven using the automaker’s Full Self-Driving (Supervised) driver-assistance system. The insurance product applies a 50% discount to per-mile insurance charges when a Tesla vehicle is operating with Full Self-Driving (Supervised) engaged, according to the company. The offering is now available to eligible Tesla owners in Indiana through the Lemonade mobile application and online quote platform. Usage-Based Insurance Model Lemonade’s Autonomous Car insurance links insurance pricing to the use of Tesla’s advanced driver-assistance technology. The company said the discount is based on its…

Tesla has started offering used Cybertruck models through its certified pre-owned inventory in the United States, providing buyers with a lower-cost entry point into the company’s electric pickup lineup. The move comes as Cybertruck sales have moderated following the initial launch period, with used examples now appearing on Tesla’s website and at company retail locations nationwide. Used Foundation Series Models Available at Discount Among the lowest-priced listings is a 2024 Cybertruck All-Wheel Drive Foundation Series model with approximately 2,566 miles on the odometer, offered at $66,200 before delivery charges. The price is below the starting cost of a new Cybertruck…

Tesla has received authorization from the State of Texas to operate commercial driverless vehicles under the state’s newly implemented autonomous vehicle framework, marking a significant regulatory milestone for the company’s Robotaxi ambitions. The authorization appeared in the Texas Motor Carrier Credentialing System (TxMCCS) on 28 May 2026, the same day Texas’ updated autonomous vehicle regulations officially came into force. According to the state records, Tesla Robotaxi, LLC is now listed as an authorized automated vehicle operator, indicating that the company has completed the self-certification process required for Level 4 autonomous driving operations. New Texas Framework Enables Commercial Driverless Services Under…

Tesla may be considering a future high-performance version of the Model 3 sedan after comments from a senior executive suggested the company has explored the idea of a tri-motor configuration for the vehicle. During an interview on the Ride the Lightning podcast recorded at Tesla’s Model S and Model X Signature Delivery Event, Lars Moravy, vice president of vehicle engineering at Tesla, said the concept of a tri-motor Model 3 is something he thinks about regularly. “I think about it all the time,” Moravy said when asked whether Tesla could eventually introduce a “Model 3 Plaid” using a three-motor setup.…