All-electric five-door liftback sedan by Tesla, Inc.
Automakers are expanding vehicle-to-home and vehicle-to-grid capabilities. Ford’s F-150 systems are connecting EVs to home meters for backup power, while Kia, Tesla and GM are pursuing similar energy services as grid demand grows and EV sales slow.
Tesla has escalated its capital expenditure, with second-quarter capex at $5.8 billion and projected annual capex above $25 billion as it expands robotaxi, Optimus, and semiconductor initiatives. Revenue rises, while operating margin declines amid aggressive investments.
A digest of recent car industry moves: Rivian adds captain’s chairs in updated models; Ford explores new sub-$30k entry crossovers and a cheaper four-door pickup; 2026 cancellations signal potential discounts; rear-camera glitches prompt safety concerns; Mazda explores a new EV-based 6e with long range.
Chinese regulators have announced recalls affecting more than 4 million vehicles after finding hidden, electronically operated door handles can become difficult to open after severe collisions. Tesla accounts for about 2.98 million cars; Xiaomi, Leapmotor, Xpeng and Geely have also issued recalls. Automakers will add warning labels and push software updates to improve emergency egress and driver monitoring.
Tesla reports third-quarter results showing a 56% year-over-year drop in operating income to $718 million, missing Wall Street profit estimates but delivering $1.5 billion in free cash flow. Revenue hits $28.05 billion, with deliveries beating expectations but margins pressured by higher AI and R&D spend; a potential SpaceX merger looms as executives form committees.