Author: Sofia
SpaceX reported its third-quarter 2026 financial results on October 20, posting the company’s first solidly profitable quarter since going public earlier in the year under the ticker $SPCX. Revenue reached $14.58 billion, up 161 percent year-over-year from $5.6 billion, and well ahead of consensus estimates in the $12.7 to $12.9 billion range. The results highlight a rapid shift in SpaceX’s center of gravity toward artificial intelligence/super intelligence, while Starlink and traditional space operations continue to show robust progress. Here are the key financial results for the quarter: Revenue of $14.58 billion (+161% YoY) Adjusted EBITDA of $8.8 billion (+306% YoY)…
GM revealed some details of its fourth-generation EV platform at its GM Forward event on Wednesday. Source link
Kia’s electric vehicles could soon be the ones pulling you over. Kia converted the EV5 and PV5 into patrol vehicles as part of its push for greener police cars. Meet the Kia PV5 and EV5 police vehicle concepts Electric vehicles make great police cars — they have instant torque, require less maintenance, and are nearly silent. Several police departments have used electric patrol cars for years, including the Ford Mustang Mach-E and Tesla Model Y. Kia is eyeing the market with its midsize electric SUV and van. At the 2026 International Public Security Industry Exhibition in South Korea, Kia showcased…
Elon Musk confirmed Tuesday that Tesla and SpaceX have each formed special committees of independent directors to study a possible merger, the first formal step toward combining the two companies after months of speculation. Musk made the disclosure during SpaceX’s third quarter earnings call. “Both SpaceX and Tesla have formed special committees to discuss this idea at the request of shareholders,” he said. “Because I’m a conflicted party, I can’t actually be in the discussions of the special committees.” He described the setup as “an odd kabuki dance where two groups of people are talking and I can’t be in…
Drivers using iPhones will be able to ask natural-sounding questions, and Gemini will reply with relevant information. Source link
Mercedes If you are patiently waiting for the smaller and more affordable sibling of the G-Wagen to hit the dealers you will be happy to learn that the CEO of Mercedes-Benz confirmed its coming “sooner than you think.” How soon? Speaking to Bloomberg Business recently, Ola Källenius clarified its market launch will take place in “less than 24 months from now.” Mercedes originally announced the “little G” back in 2023, and it shared the first official teaser in 2025. While the company has yet to set a debut date for the compact off-roader, Mercedes boss, Ola Källenius, gave us a few hints. Källenius said: “It seems…
Quick Facts About Hidden Costs of Electric Car Ownership On average, electric vehicles are almost $5,000 more expensive than comparable gas models. Many electric models have higher insurance costs, and tires generally wear faster on EVs. Some states charge additional EV registration fees to compensate for lost gas tax revenue. On average, EVs depreciate faster than gas vehicles. Electric vehicles (EVs) have grown from a niche product to a mainstream one over the past several years, and they can be an excellent choice for many buyers. Even so, there’s a lot to think about beyond the temptations of instant torque…
SDLG Brasil has completed its first sale in the South American country, delivering an order of six heavy-duty electric wheel loaders to Brazilian mining, construction, and infrastructure company Grupo Base. Grupo Base ordered four, 27-ton L972 HEV and a pair of, 12.5-ton L938 HEV loaders from Chinese equipment brand Shandong Lingong Construction Machinery Co., Ltd. (the “SD” is “ShanDong,” the LG is “LinGong”) back in June, and the first of the machines are now reportedly on-site, moving dirt, but not making noise. “This contract is a historic milestone and comes at a time when we have taken on commercial responsibility…
Volkswagen issued a recall affecting nearly 73,000 EVs globally. Until a remedy is available, VW will limit charging on impacted vehicles to 80% of their maximum battery capacity. Which EVs are included in the Volkswagen recall? After issuing a recall with the NHTSA earlier this month that impacts 22,524 ID.4 electric SUVs in the US, official information from the German Federal Motor Transport Authority (KBA) reveals several thousand more EVs are affected worldwide. In three separate recalls now under investigation by the KBA, a total of 72,668 EVs are impacted worldwide, including 9,881 in Germany. The recall affects certain batches…
It’s also the fastest-charging Tesla ever. Source link