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Elon Musk announced on X that Tesla will wind down production of the Cybertruck at Gigafactory Texas around the middle of next year. The Cybertruck, Tesla's angular stainless-steel pickup, is the only model built at that facility.
Tesla plans to scale back manufacturing of its Cybertruck pickup, reducing production of the vehicle. The decision affects the automaker's output of the angular stainless-steel truck that has been part of its model lineup.
BYD reported selling more battery-electric and plug-in hybrid vehicles in a single month than the total number of EVs sold across the entire United States in a quarter. The comparison highlights the scale gap between China's leading EV maker and the broader US electric vehicle market.
BYD reported selling 305,743 battery electric vehicles in October, a monthly record and a 37% year-over-year jump, as part of 490,168 total new energy vehicle sales for the month. That EV figure alone exceeds the roughly 262,500 EVs sold across the entire US in the third quarter, according to Kelley Blue Book estimates cited in the report. BYD also exported 170,194 vehicles in October, part of a push into Europe, Southeast Asia, and Latin America.
Renault and Citroën are relaunching retro-styled versions of their historic car designs as electric vehicles, betting on nostalgic design cues to differentiate themselves from competitors. The move comes as Chinese automakers push increasingly affordable, technologically advanced EVs into European markets.
Tesla showed its second-generation Roadster using a compressed-air thruster system for a brief airborne demonstration in mid-October, reigniting interest from buyers who have waited years for the car. Some customers, including EV dealer owner Alex Lawrence, placed new deposits on top of existing ones: $50,000 for the base model and up to $250,000 for the thruster-equipped version, while an invite-only 'Rocket' variant won't be street legal. Tesla first unveiled the Roadster in 2017 promising 2020 delivery, but now says production will begin in 2028 with no confirmed delivery date or final pricing.
Porsche reported operating profit of €1.74 billion for the first nine months of 2026, up sharply from €40 million a year earlier when results were hit by roughly €2.7 billion in restructuring costs. Revenue fell 5.9% to €25.28 billion and deliveries dropped 16% to 178,532 vehicles, with North America remaining its top market by volume. CFO Jochen Breckner said the company has significantly cut its reliance on China, a market facing intensifying competition from domestic brands like BYD, Geely and Xiaomi.
Polestar has launched a pilot research project with the University of Oxford to measure how performance driving affects the human body and mind, not just the car's specs. Twelve drivers track-tested rear- and all-wheel-drive versions of the Polestar 4 in Sweden while wearing heart rate monitors and EEG-equipped skullcaps, with data also drawn from the car's gaze-tracking driver monitoring system and post-drive interviews.
Foxconn has agreed to acquire a 50% stake in Mitsubishi Electric's automotive equipment unit, Mitsubishi Electric Mobility, for $727 million through its investment arm Lin Yin International Investment. The deal covers products like alternators, starters, radar sensors and powertrain equipment, but excludes Mitsubishi Electric's power-semiconductor business. The companies plan to combine their technologies to build EV platforms in Japan, targeting Japanese automakers first before expanding overseas, with closing expected in October 2027 pending regulatory approval.
A new report from the Environmental Defense Fund and Atlas Public Policy finds that planned fossil fuel power capacity jumped from 5% of new US electricity projects in 2024 to 30% by mid-2026, even as electricity demand rises due to data centers, factories and EVs. The report notes solar and wind still generate more power than coal and that solar was the fastest-growing source added in 2024, but warns gas development could reach 68 gigawatts by 2030 if current trends hold.
At TechCrunch Disrupt, Rivian founder and CEO RJ Scaringe said autonomous driving technology will eventually enable vehicle designs far different from today's trucks and SUVs, beyond the company's planned R2 and R3 models. He said he is pursuing this even if it means delaying profitability, calling the next decade of transportation design possibilities exciting.
Tesla CEO Elon Musk claimed the upcoming second-generation Roadster will be capable of performing aerial corkscrew maneuvers using cold-gas thrusters. Musk stated the vehicle is now slated for release in 2028, extending a launch timeline that has already seen repeated delays since the car was first unveiled in 2017.