Ford is doubling down on electric vehicles (EVs) despite the fact that its Model e unit reported heavy losses in the first quarter.
Ford’s EV unit, called the Model e, reported plunged revenues of up to 84% to nearly $100 million in the first quarters. The legacy automaker attributed most of its revenue pound to EV price cuts. The Model e unit reported $1.3 billion in losses, before interest and taxes (EBIT) were accounted. Ford Model e sold approximately 10,000 units, meaning it lost $132,000 on each EV sold.
Ford, like many other EV automakers, is living through a slowing EV market. Tesla has acknowledged some pressure in EV market. Despite the slowdown in EVs, however, Ford and Tesla are doubling down on electric vehicles.
“As we all have seen, the EV adoption rate globally is under pressure and a lot of other order manufacturers are pulling back on EVs and pursuing plug-in hybrids instead. We believe this is not the right strategy and electric vehicles will ultimately dominate the market,” said Tesla CEO Elon Musk during the Q1 2024 earning call.
During Ford’s Q1 2024 earnings call CEO Jim Farley confirmed that the company is developing new affordable electric vehicles. According to rumors, Ford is working on an affordable electric truck, compact SUV, and even a ride-hailing vehicle.
Affordability is the key word in automaker’s mouths recently, especially when it comes to electric vehicles. Ford aims to price its next EV around $25,000 to $30,000. The legacy automaker wants to launch the new EV by late 2026. Based on the upcoming Ford EVs details, it would probably go up against Tesla’s $25,000 EV.
“Increasingly, our bet will be on our new small affordable platform developed by our team on the West Coast,” said Farley. “The more affordable we can make a great product, the more attractive it is to these mainstream EV adopters.”
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Elon Musk
Tesla reveals it has expanded its Robotaxi fleet in Austin
there has never been an exact count of the Robotaxi fleet size, and Tesla continues to speak in cryptic fashion, only hinting at what the number of active vehicles could be.

Tesla revealed that it has expanded its Robotaxi fleet in Austin, Texas, but has not yet disclosed the exact number of vehicles currently operating as driverless ride-hailing cars in the city.
Before Tesla launched the Robotaxi fleet in Austin on June 22, CEO Elon Musk stated that the fleet would be initially small, comprised of between ten and twenty vehicles in total.
The small fleet size was a way to limit rides and not overwhelm the company as it launched into a new territory: offering driverless rides to those looking to get around Austin. With safety being prioritized, it was understood.
However, there has never been an exact count of the Robotaxi fleet size, and Tesla continues to speak in cryptic fashion, only hinting at what the number of active vehicles could be.
On Tuesday, it expanded its geofence for the third time, increasing the service area in Austin beyond the downtown area and into the suburbs, including the airport and even the Gigafactory Texas.
Tesla one-ups Waymo once again with latest Robotaxi expansion in Austin
The size of the geofence is now 173 square miles, up from 91 square miles, which is what it grew to in early August with its second expansion.
The company also said it “increased the number of cars available by 50 percent,” but would not give an exact count:
Increased service area from 91 to 173 sq miles
Also increased # of cars available by 50%
— Tesla Robotaxi (@robotaxi) August 27, 2025
Skeptics of the Robotaxi platform usually point to two things: the presence of a Safety Monitor in the vehicle and the lack of transparency regarding fleet size.
Tesla has done an excellent job of expanding the service area over the past two months, but it is also expanding the number of people it allows to hail a Robotaxi.
This makes the need for an increased fleet size more imperative.
However, no good reason comes to mind for the company not to tell an exact number, but Tesla has its justifications for it. Grok suggests the Robotaxi fleet could be anywhere from 30 to 75 vehicles in total, but this includes the Bay Area.
Musk did say Tesla is working to get the Bay Area fleet to over 100 vehicles. Hopefully, some clarification regarding fleet size will be provided in the coming weeks or months as the service area in Austin continues to expand.
News
Tesla China working overtime to deliver Model Y L as quickly as possible
This was, at least, hinted at by Tesla China VP Grace Tao in a post on Weibo.

The Tesla Model Y L appears to be a big hit in China, and this has resulted in Giga Shanghai doing all it can to meet all the orders for the extended wheelbase all-electric crossover.
This was, at least, hinted at by Tesla China VP Grace Tao in a post on Weibo.
Model Y L demand
The demand for the Model Y L in China seems to be substantial. Just days following the vehicle’s release, industry watchers estimated that Tesla received about 35,000 orders for the vehicle on the day of its launch. More recent estimates from industry watchers have suggested that Tesla China might have doubled its usual vehicle orders for August thanks to the new variant.
Considering the seemingly strong demand for the new Model Y L, it was no surprise that Tesla China would be extremely busy trying to address all the orders for the vehicle. Fortunately, VP Grace Tao highlighted in her Weibo post that Tesla is pushing hard to ensure that deliveries of the extended wheelbase all-electric crossover could start as soon as possible.
“Our colleagues at the Shanghai Gigafactory are working overtime to get the new car to you as soon as possible,” the Tesla China executive wrote in her Weibo post.
Model Y L deliveries
When the Model Y L was initially released, Tesla China listed the vehicle’s first deliveries to be sometime in September 2025. As of writing, however, new orders of the new Model Y L are listed with an estimated delivery date of October 2025. This suggests that the Model Y L has been sold out for September.
The new Model Y L has the potential to be a best-seller for the electric vehicle maker, thanks in part to its comfortable six-seat configuration and its reasonable starting price of RMB 339,000 ($47,180).
Elon Musk
Elon Musk’s xAI and X file antitrust suit against Apple and OpenAI over AI exclusivity
The suit accuses the companies of violating antitrust rules by limiting competition in the AI sector.

Elon Musk’s artificial intelligence startup xAI and social media platform X have filed a federal lawsuit against Apple and OpenAI. The suit accuses the companies of violating antitrust rules by limiting competition in the fast-growing AI sector.
The lawsuit
The lawsuit, filed on Monday, challenged Apple’s plan to integrate OpenAI’s ChatGPT into its devices. xAI argued that the partnership gives ChatGPT exclusive first-party access to hundreds of millions of iPhone users worldwide, providing an unfair landscape for competitors in the AI sector.
“As a result of the Apple-OpenAI deal, ChatGPT is not just the default — it is the only generative AI chatbot with a first-party integration into Apple’s smartphones,,” the lawsuit noted. The suit also stated that the deal would give OpenAI “exclusive access to billions of potential prompts.”
Musk’s filing describes the Apple-OpenAI agreement as an “unlawful” arrangement that unfairly disadvantages rivals and denies consumers choice. The complaint also accuses Apple of manipulating App Store rankings and delaying updates to disadvantage ChatGPT’s rivals, such as xAI’s very own Grok, as noted in a report from the Financial Times.
A broader feud
Musk’s move escalates an already contentious relationship with Apple and OpenAI. In 2022, he accused the iPhone maker of threatening to remove Twitter, now X, from its App Store, though he later resolved the “misunderstanding” with Apple CEO Tim Cook.
In 2023, Apple briefly paused advertising on X before resuming campaigns. Musk has also been outspoken against Apple’s 30% App Store commission.
OpenAI, for its part, has dismissed the claims in xAI and X’s lawsuit. In a comment, a spokesperson from the artificial intelligence startup stated that the suit was just part of Elon Musk’s tendency to harass the company.
“This latest filing is consistent with Mr Musk’s ongoing pattern of harassment,” the OpenAI spokesperson stated.
Musk has had a turbulent relationship with OpenAI. Musk is a co-founder of the startup when it was launched as a nonprofit, though he left its board in 2018. Since then, Musk has been very critical of OpenAI’s shift to a for-profit entity. He has also escalated his rhetoric against OpenAI CEO Sam Altman, whom he has called a “liar” several times.
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