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General Motors’ new EVs could help double revenue, compete with industry leaders

(Credit: AutoGuide.com)

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General Motors has long talked about its plans to expand its lineup of electric vehicles, with plans to be fully electric by 2035. Today, the automaker detailed more plans for its expansion of EVs, including how it plans to double its revenue, enter the autonomous driving discussion, and what GM brands will be bringing new electric cars to the market.

While GM already has plans to invest $35 billion in electric cars in the next four years by 2025, it has to begin planning for a more broad game plan to compete with industry leaders, including Tesla. While Tesla has four all-electric models and a fifth on the way when the Cybertruck arrives late next year, it also has accumulated eight consecutive profitable quarters, has an expanding manufacturing capacity, and innovative executives, other brands, like Ford, are unveiling their second and third EVs with the F-150 Lightning and E-Transit van.

GM is slowly falling behind the pace, only offering the problematic Chevrolet Bolt EV currently, although it has plans to unveil the HUMMER EV in the coming months under the GMC brand.

The big picture for GM, according to CEO Mary Barra, is increasing revenue to $280 billion from its current levels of $140 billion annually. The company plans to do this through revenue in its new services, while operating and maintaining off of its current offerings, Barra said, according to an interview with CNBC. Electric vehicles and subscription-based services will be a main indicator of how much growth could be experienced in the initial days of its plan.

“Especially in the initial days, we see EVs being plus volume, so we see tremendous opportunity to grow from an EV perspective and then the subscription and services,” Barra said in the interview. She did not detail a specific plan of how GM plans to explicitly double its revenue but believes an expansion of its current lineup will provide the opportunity for financial growth.

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General Motors secures supply for silicon carbide chips for its next-gen EVs

One of its biggest ideas for a leg up on the competition, which could be its main driver for revenue increases, is electric trucks. “Nobody is going to be able to touch us in the battery-electric truck space,” GM President Mark Reuss said. GM has its HUMMER EV coming out in several months, but it also confirmed on Wednesday it will have an electric Silverado which will be unveiled at CES in January. Additionally, it is planning for an all-electric Chevrolet crossover for around $30,000 that is in development. These two vehicles will be added to GM’s lineup of EVs, and could help the company attain 1 million EV sales globally by 2025.

GM also stated that a new “Ultra Cruse” hands-free driving system will be released in 2023. It will be capable of driving in 95% of scenarios and is more robust than its current Super Cruise driving system. GM said it will be available on more than two million miles of U.S. and Canadian roadways when it is released.

Don’t hesitate to contact us with tips! Email us at tips@teslarati.com, or you can email me directly at joey@teslarati.com.

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Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

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SpaceX calls off Starship 10 flight attempt once again

SpaceX is calling off a potential launch of Starship this evening, marking the second consecutive night the tenth test flight of the massive rocket will be delayed.

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Credit: SpaceX

SpaceX is calling off a potential launch of Starship this evening, marking the second consecutive night the tenth test flight of the massive rocket will be delayed.

Originally planning to launch on Sunday at 6:30 p.m. local time in Starbase, Texas, SpaceX was forced to delay the tenth launch of Starship due to a hardware issue.

“Ground side liquid oxygen leak needs to be fixed. Aiming for another launch attempt tomorrow,” CEO Elon Musk posted on the social media platform X.

Starship Flight 10 rescheduled as SpaceX targets Monday launch

The launch was then pushed to Monday night, and the launch window was set to start at the same time as Sunday. However, SpaceX would push it back to 6:44 p.m. due to some weather issues.

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Eventually, Starship seemed like it was trending toward a launch, but weather continued to persist in the area, with thunder, rain, and lightning all threatening in the area.

At around 7:03 p.m., SpaceX decided to stand down once again, confirming weather was the culprit of yet another delay:

SpaceX will likely try again on Tuesday night, but the company has not yet confirmed if it will open another launch window.

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WATCH: SpaceX Starship Flight 10 launch

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Credit: SpaceX

SpaceX is set to launch its tenth test flight of the Starship program, with a launch window that will open at 6:44 p.m. local time, or 7:44 p.m. on the East Coast.

Starship’s tenth test flight was originally scheduled for launch yesterday with a one-hour window that opened at 7:30 p.m. ET, but it was called off 17 minutes before that window even had a chance to open.

Starship Flight 10 rescheduled as SpaceX targets Monday launch

SpaceX moved the flight to tonight. It was also originally scheduled to have a launch window at the same time as Sunday, but it was pushed back 14 minutes to around 6:30 p.m. ET. There are storms in the area, as well as clouds over Starbase, so there is the off chance for another launch delay.

There are several big objectives for this launch, including the expansion of the operating envelope for the Super Heavy booster. SpaceX says there are “multiple landing burn tests planned.”

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The booster will also be performing a few in-flight experiments to help with data collection. Specifically, real-world performance data on future flight profiles and off-nominal scenarios will be on the list of things SpaceX will be looking for.

Starship itself will have a few in-flight objectives that include the deployment of eight Starlink simulators that are similar in size to the next-gen satellites for the internet service. SpaceX was set to test this with Starship’s seventh test flight, which occurred in January 2025. However, the task was abandoned as the vehicle was destroyed before deployment could occur.

Liftoff conditions are currently looking favorable, and SpaceX will be eager to improve upon its Starship launch program as CEO Elon Musk has big plans for it in the coming years.

You can watch the launch below via SpaceX:

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Tesla looks to expand Robotaxi geofence once again with testing in new area

It looks as if Tesla is preparing for its next expansion of the geofence, potentially moving toward a much larger service area that could eclipse 150 square miles.

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Credit: Joe Tegtmeyer | X

Tesla looks to be preparing for the potential expansion of the Robotaxi geofence once again, as the company was spotted testing the suite in an area well outside of the Austin service area.

After it first launched the Robotaxi platform on June 22, Tesla has managed to expand its geofence twice, essentially doubling the travel area both times.

The most recent expansion took the size of the geofence from 42 square miles to about 80 square miles, bringing new neighborhoods and regions of the city into the realm of where the driverless vehicles could take passengers.

However, it looks as if Tesla is preparing for its next expansion of the geofence, potentially moving toward a much larger service area that could eclipse 150 square miles.

Over the weekend, one fan noticed a Robotaxi validation vehicle testing in Bee Cave, Texas, which is roughly 25 minutes from the edge of the current geofence:

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Tesla has been testing vehicles in the western suburbs of Austin for some time, and it seems the company is laying some groundwork to push its geofence expansion into Plaid Mode as competition with Waymo continues to be at the forefront of the conversation.

Waymo has been expanding with Tesla for some time, as the pace of expansion for the two companies has been relatively accelerated for the past couple of months.

Tesla’s expansions of the geofence sent a clear message to competitors and doubters, but it is still aiming to keep things safe and not push the envelope too quickly.

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The geofence expansion is impressive, but Tesla is also focusing on expanding its vehicle fleet in both Austin and the Bay Area, where it launched a ride-hailing service in July.

Tesla Bay Area autonomous fleet to grow to over 100 units: Elon Musk

Still, safety is the priority at the current time.

“We are being very cautious. We do not want to take any chances, so we are going to go cautiously. But the service areas and the number of vehicles in operation will increase at a hyper-exponential rate,” CEO Elon Musk said during the Q2 Earnings Call.

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