News
GM unveils the Chevrolet Equinox EV, its budget SUV offering
General Motors has announced their all-new Chevy Equinox EV, their affordable EV SUV offering.
Chevrolet has long been the budget offering of GM products; their vehicles are made for everyone, so what if the interior is comparable to a school lunch tray, it’s cheap and (hopefully) reliable transportation. Outside of the Chevy Camero and Corvette lineups, this is how Chevy is seen by the vast majority of the population. And the brand is certainly not kicking that trend with their new Chevy Equinox EV.
The Equinox EV comes with two available powertrains. A front-wheel-drive system will offer a respectable 210 horsepower and 246 pound-feet of torque. The available all-wheel-drive system adds some spice with 290 horsepower and 346 pound-feet of torque. But in reality, these are not the features that matter to an Equinox buyer.
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- Rear view of 2024 Chevrolet Equinox EV 3LT in Riptide Blue parked in front of sunset. Preproduction model shown. Actual production model may vary. 2024 Chevrolet Equinox EV available Fall 2023.
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- Driver’s side view of 2024 Chevrolet Equinox EV 3LT in Riptide Blue parked in front of a lake. Preproduction model shown. Actual production model may vary. 2024 Chevrolet Equinox EV available Fall 2023.
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- Seven-eighths view of 2024 Chevrolet Equinox EV 3LT in Riptide Blue parked in front of a home. Preproduction model shown. Actual production model may vary. 2024 Chevrolet Equinox EV available Fall 2023.
More importantly, with a starting price of $30,000, the vehicle has numerous features that appeal to many consumers. A standard range of 250 miles and an optional range of up to 300 miles will take most people where ever they need to go. The vehicle charges reasonably quickly at a standard 150kW. And it offers numerous safety features, including rear park assist and reverse automatic braking, blind zone steering assist, and lane keep assist, to name a few—all standard on the base model of the vehicle.
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- View of rear cabin in 2024 Chevrolet Equinox EV 3LT with Sky Cool Gray interior. Preproduction model shown. Actual production model may vary. 2024 Chevrolet Equinox EV available Fall 2023.
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- View of rear cargo space in 2024 Chevrolet Equinox EV 3LT. Preproduction model shown. Actual production model may vary. 2024 Chevrolet Equinox EV available Fall 2023.
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- View of driver’s side front cabin in 2024 Chevrolet Equinox EV 3LT with Super Cruise activated. Preproduction model shown. Actual production model may vary. 2024 Chevrolet Equinox EV available Fall 2023.
Those who really want to bling out their Chevy Equinox EV can option Super Cruise hands-free driving, a panoramic sunroof, or even pleather seats (if you are feeling bold).
The new Chevy Equinox EV isn’t a track day hero, nor will it rip a Model 3 in half at a drag strip. But, this is important; it will get average Americans cheap, reliable, electrified transportation without any of the baggage that comes with a more flashy EV experience.
Looking at its competition, the Chevy Equinox will likely fair well. The vehicle will be available in fall of next year, and will likely be ahead of a lot of competition. The Hyundai/Kia counterparts, the Hyundai Kona/Ioniq 5, and the Kia Nio/EV6 are substantially more expensive and don’t currently apply for federal tax credits. Ford has yet to introduce a budget offering, their closest offering being the Ford Mustang Mach-E. And while the VW ID4 comest closest in price, the horror stories of owners left without software updates for months should scare away countless buyers.
For once in a very long time, General Motors is early to the market. With their Chevy Bolt and new Chevy Equinox offerings below $30,000 with incentives, they are in a league of their own.
What do you think of the article? Do you have any comments, questions, or concerns? Shoot me an email at william@teslarati.com. You can also reach me on Twitter @WilliamWritin. If you have news tips, email us at tips@teslarati.com!
Investor's Corner
Tesla (TSLA) Q4 and FY 2025 earnings results
Tesla’s Q4 and FY 2025 earnings come on the heels of a quarter where the company produced over 434,000 vehicles, delivered over 418,000 vehicles, and deployed 14.2 GWh of energy storage products.
Tesla (NASDAQ:TSLA) has released its Q4 and FY 2025 earnings results in an update letter. The document was posted on the electric vehicle maker’s official Investor Relations website after markets closed today, January 28, 2025.
Tesla’s Q4 and FY 2025 earnings come on the heels of a quarter where the company produced over 434,000 vehicles, delivered over 418,000 vehicles, and deployed 14.2 GWh of energy storage products.
For the Full Year 2025, Tesla produced 1,654,667 and delivered 1,636,129 vehicles. The company also deployed a total of 46.7 GWh worth of energy storage products.
Tesla’s Q4 and FY 2025 results
As could be seen in Tesla’s Q4 and FY 2025 Update Letter, the company posted GAAP EPS of $0.24 and non-GAAP EPS of $0.50 per share in the fourth quarter. Tesla also posted total revenues of $24.901 billion. GAAP net income is also listed at $840 million in Q4.
Analyst consensus for Q4 has Tesla earnings per share falling 38% to $0.45 with revenue declining 4% to $24.74 billion, as per estimates from FactSet. In comparison, the consensus compiled by Tesla last week forecasted $0.44 per share on sales totaling $24.49 billion.
For FY 2025, Tesla posted GAAP EPS of $1.08 and non-GAAP EPS of $1.66 per share. Tesla also posted total revenues of $94.827 billion, which include $69.526 billion from automotive and $12.771 billion from the battery storage business. GAAP net income is also listed at $3.794 billion in FY 2025.
Below is Tesla’s Q4 and FY 2025 update letter.
TSLA-Q4-2025-Update by Simon Alvarez
Tesla has rolled out a new Supercharging safety feature in the United States, one that will answer concerns that some owners may have if they need to leave in a pinch.
It is also a suitable alternative for non-Tesla chargers, like third-party options that feature J1772 or CCS to NACS adapters.
The feature has been available in Europe for some time, but it is now rolling out to Model 3 and Model Y owners in the U.S.
With Software Update 2026.2.3, Tesla is launching the Unlatching Charge Cable function, which will now utilize the left rear door handle to release the charging cable from the port. The release notes state:
“Charging can now be stopped and the charge cable released by pulling and holding the rear left door handle for three seconds, provided the vehicle is unlocked, and a recognized key is nearby. This is especially useful when the charge cable doesn’t have an unlatch button. You can still release the cable using the vehicle touchscreen or the Tesla app.”
The feature was first spotted by Not a Tesla App.
This is an especially nice feature for those who commonly charge at third-party locations that utilize plugs that are not NACS, which is the Tesla standard.
For example, after plugging into a J1772 charger, you will still be required to unlock the port through the touchscreen, which is a minor inconvenience, but an inconvenience nonetheless.
Additionally, it could be viewed as a safety feature, especially if you’re in need of unlocking the charger from your car in a pinch. Simply holding open the handle on the rear driver’s door will now unhatch the port from the car, allowing you to pull it out and place it back in its housing.
This feature is currently only available on the Model 3 and Model Y, so Model S, Model X, and Cybertruck owners will have to wait for a different solution to this particular feature.
News
LG Energy Solution pursuing battery deal for Tesla Optimus, other humanoid robots: report
Optimus is expected to be one of Tesla’s most ambitious projects, with Elon Musk estimating that the humanoid robot could be the company’s most important product.
A recent report has suggested that LG Energy Solution is in discussions to supply batteries for Tesla’s Optimus humanoid robot.
Optimus is expected to be one of Tesla’s most ambitious projects, with Elon Musk estimating that the humanoid robot could be the company’s most important product.
Humanoid robot battery deals
LG Energy Solution shares jumped more than 11% on the 28th after a report from the Korea Economic Daily claimed that the company is pursuing battery supply and joint development agreements with several humanoid robot makers. These reportedly include Tesla, which is developing Optimus, as well as multiple Chinese robotics companies.
China is already home to several leading battery manufacturers, such as CATL and BYD, making the robot makers’ reported interest in LG Energy Solution quite interesting. Market participants interpreted the reported outreach as a signal that performance requirements for humanoid robots may favor battery chemistries developed by companies like LG.
LF Energy Solution vs rivals
According to the report, energy density is believed to be the primary reason humanoid robot developers are evaluating LG Energy Solution’s batteries. Unlike electric vehicles, humanoid robots have significantly less space available for battery packs while requiring substantial power to operate dozens of joint motors and onboard artificial intelligence processors.
LG Energy Solution’s ternary lithium batteries offer higher energy density compared with rivals’ lithium iron phosphate (LFP) batteries, which are widely used by Chinese EV manufacturers. That advantage could prove critical for humanoid robots, where runtime, weight, and compact packaging are key design constraints.
Tesla (TSLA) Q4 and FY 2025 earnings results
Tesla rolls out new Supercharging safety feature in the U.S.
