Lower sales to one important electrical vehicle customer weighed on the outlook, said STMicros finance chief Lorenzo Grandi during the earnings call. STMicroelectronics on Thursday forecast fourth quarter sales below market expectations, as weak automotive sales spoiled a recovery in its main markets, sending its shares lower. STM, which is one of Europe’s largest chipmakers,… Continue reading Chipmaker STMicro’s Q4 forecast hit by weak auto sales
Tag: Tesla
Clean Technica: Who Will Win — GM or Tesla?004219
Support CleanTechnica’s work through a Substack subscription or on Stripe. That may seem like an absurd question to most readers. Though, some will think it’s absurd because they are sure Tesla will win, and others will think it’s absurd because they are sure GM will win. I had a different title there initially, but it… Continue reading Clean Technica: Who Will Win — GM or Tesla?004219
Clean Technica: 7 Positives from Tesla in 3rd Quarter004218
Support CleanTechnica’s work through a Substack subscription or on Stripe. Overall, to me, Tesla’s financial trends don’t look good. However, there were some clear positives in Tesla’s 3rd quarter report as well. Additionally, even though Tesla’s financial trends look bad, the company does still have $41 billion in the bank, so there is no risk… Continue reading Clean Technica: 7 Positives from Tesla in 3rd Quarter004218
Geely to launch 10 cars in UK by 2030, starting with £32k EX5
Chinese car brand Geely plans to launch 10 new electrified models in the UK by 2030, majoring on value as it eyes a share of the lucrative hatchback and crossover segments. Geely is the namesake brand of the Geely Automotive group, which includes Volvo, Lotus, Polestar and taxi maker LEVC – as well as the… Continue reading Geely to launch 10 cars in UK by 2030, starting with £32k EX5
Rivian CEO takes top marketing role in shakeup ahead of R2 launch
Rivian’s founder and CEO RJ Scaringe is taking on a new role at his company as part of a restructuring ahead of next year’s launch of the R2 SUV, which involves a layoff of more than 600 employees. Scaringe told employees in an email on Thursday that he will be acting as Rivian’s chief marketing… Continue reading Rivian CEO takes top marketing role in shakeup ahead of R2 launch
Elon Musk spent $288M to cost Tesla $1.4B in lost revenue – and more to come
Tesla CEO Elon Musk managed to find a way to turn lobbying, which is typically one of the most efficient ways to spend money as a company, into a net revenue loser for his company – flipping the script again from a true “innovator” in the field of corporate destruction. Tesla released its 10-Q filing… Continue reading Elon Musk spent $288M to cost Tesla $1.4B in lost revenue – and more to come
Tesla announces production of a new solar panel in the US
Tesla announced that it started to produce its own new solar panel at Gigafactory New York in Buffalo. The first deliveries are expected in Q1 2026. After years of neglecting its solar business, Tesla has been reviving it over the last few months. At least temporarily. Last year, Tesla’s solar deployment got so low that… Continue reading Tesla announces production of a new solar panel in the US
CNBC Daily Open: Tesla’s revenue rose — but so did its operating costs
Consumers with the Tesla Model Y L electric vehicle in Tesla stores in Shanghai, China on October 19, 2025. CFOTO | Future Publishing | Getty Images ]]> Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today There are generally two ways for a company to increase its profit: increasing sales or cutting… Continue reading CNBC Daily Open: Tesla’s revenue rose — but so did its operating costs
German Manager Magazine: Volkswagen: Herbert Diess is finally leaving VW and retiring004509
A good three years after his departure from the top of VW Herbert Diess (66) is now actually retiring: his contract ends tomorrow, October 24th – this is his 67th birthday – and he will receive retirement benefits from October 25th, a VW spokesman confirmed at the request of the German Press Agency. This ends… Continue reading German Manager Magazine: Volkswagen: Herbert Diess is finally leaving VW and retiring004509
Elon Musk Makes Suspicious Remarks About His Robot Army
During Tesla’s third-quarter earnings call on Wednesday, CEO Elon Musk once again threatened investors that he would walk away if they didn’t agree to award him an astonishing $1 trillion payout. The unprecedented package, which shareholders are set to vote on next month, could make the already richest man in the world the first trillionaire… Continue reading Elon Musk Makes Suspicious Remarks About His Robot Army