

News
Ford reports its Q3 earnings, including $1.2 billion loss on EVs
Ford reported its third-quarter earnings this week, highlighting continued losses for its Model e division as it aims to reach profitability on electric vehicles (EVs).
During its Q3 earnings call on Monday, Ford reported an EBIT loss of $1.2 billion for the Model e EV arm of the company, adding that it now expects a full-year loss of about $5 billion. The company also highlights $1.2 billion in Model e revenue, up 33 percent year-over-year.
The company also noted that its $500 million in year-over-year cost improvements were offset by pricing pressure across the industry, though it continues toward profitability with almost $1 billion in cost improvements thus far this year.
Across its whole business, the automaker reported a Q3 revenue of $46 billion on the back of its Ford+ division, along with a net income of $0.9 billion. The latter figure is down $0.3 billion from the second quarter of the year, and Ford says this is due to a $1 billion EV-related charge that was “part of actions taken to deliver a profitable, capital-efficient and growing electric vehicle business.”
Credit: Ford
“We are in a strong position with Ford+ as our industry undergoes a sweeping transformation,” said Jim Farley, CEO and President. “We have made strategic decisions and taken the tough actions to create advantages for Ford versus the competition in key areas like Ford Pro, international operations, software and next-generation electric vehicles. Importantly, over time, we have significant financial upside as we bend the curve on cost and quality, a key focus of our team.”
Ford points out that its $46 billion in overall revenue represents a 5-percent increase from the third quarter last year, marking the company’s tenth consecutive quarter of year-over-year revenue growth.
You can see Ford’s full Q3 earnings results here, or check out its press release for the quarter here.
Ford launched the Power Promise program for EV buyers last month, through which the automaker is offering a complimentary home charger with the cost of installation on new EV purchases. The company also revealed its 2025 Mustang Mach-E last week, offering a heat pump and a lower price tag than the 2024 version.
Ford to replace Tesla NACS adapters, warning of damaged charging ports
What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send us tips at tips@teslarati.com.
News
First glimpse of Tesla Model Y with six seats and extended wheelbase
It’s longer and taller than the regular Model Y, and it has a cool new badge.

Tesla’s extended wheelbase Model Y has been announced by the electric vehicle maker on its official Weibo page in China. At the same time, details of the upcoming vehicle have been listed in the China Ministry of Industry and Information Technology’s (MIIT) new regulatory catalog.
The extended wheelbase Model Y
Tesla announced the upcoming vehicle on its official Weibo page, with the company noting that the new car will be called the “Model Y L.” Images posted by the company showed that the Model Y L will feature a “Model Y” badge with a stylized “Y” graphic. A teaser image of the vehicle taken from its side also emphasizes the extra space that was gained from its extended wheelbase.
The MIIT listing for the Model Y L indicated that the vehicle would be 4,976 mm long, 1,920 mm wide, and 1,668 mm high. Its wheelbase was listed in the MIIT’s catalog as 3,040 mm. In comparison, the new Model Y is currently 4,797 mm long, 1,920 mm wide, and 1,624 mm high, with a wheelbase of 2,890 mm.
Six seats and some power
Most notably, the extended wheelbase Model Y was listed in the MIIT regulatory catalog as a six-seat model. The vehicle is also listed with the product model number TSL6500BEVBA0, as noted in a CNEV Post report. And as hinted in Tesla China’s Weibo post, the vehicle will be released sometime in the fall.
The Model Y L is listed as a dual motor vehicle with peak power outputs of 142 kW and 198 kW for the front and rear motors. The vehicle is also listed with ternary batteries supplied by LG Energy Solution, and it reportedly weighs 2,088 kilograms (4603 pounds). In comparison, the new Model Y Dual Motor AWD weighs 4391 pounds.
Tesla China has not hinted at the price of the new Model Y L, though expectations are high that the vehicle will be priced at about RMB 400,000 ($55,764). It also remains to be seen if the Model Y L will also be produced in Tesla’s vehicle factories in the United States and Germany.

Elon Musk’s artificial intelligence startup, xAI, just posted what could very well be the nerdiest job opening of all time. As can be seen in the Careers section of xAI’s official website, the AI startup and Grok creator is seeking a Fullstack Engineer for its “Waifus” project.
Anime fans, rejoice.
xAI’s Companions take the internet by storm
Earlier this week, xAI launched its Companions feature for its SuperGrok users, but the company eventually opened access to the new feature to all Grok iOS app users. xAI has released two companions so far: Ani, an overly attached anime goth girl seemingly inspired by the character Misa Amane from Death Note, and Rudi, a talking red panda that becomes more and more unhinged if he gets toggled to “Bad Rudi.” A third companion that looks like a male anime character is also listed as coming soon.
Ani, in particular, has become a massive hit online. Her natural, playful, and flirtatious interactions have proven popular among users across the globe, so much so that there is now fan art of the character being shared by users on social media. This has inspired the joke that Elon Musk, who has openly admitted on X in the past that he is fond of the Death Note anime, had created an actual “waifu” through xAI.
More companions coming
Based on xAI’s job opening, it appears that the company is looking to release even more companions for its users. Ani and Rudi/Bad Rudi may just be the start, especially considering xAI’s growing ambition and raw computing power.
As per the job listing, engineers hired for the role will help build fast, scalable, and low-latency avatar experiences for Grok. The AI startup noted that the work will involve real-time media processing, performance optimization, and feature development across various platforms. Applicants are also expected to be highly proficient in Python, with bonus points for experience in Rust, WebSocket, and WebRTC protocols.
Fullstack Engineers for xAI’s Waifu project are expected to receive a salary of $180,000 to $440,000, plus equity, comprehensive medical, vision, and dental coverage, access to a 401(k) retirement plan, short & long-term disability insurance, life insurance, and various other discounts and perks.
News
Tesla launches in India with Model Y, showing pricing will be biggest challenge
Tesla finally got its Model Y launched in India, but it will surely come at a price for consumers.

Tesla has officially launched in India following years of delays, as it brought its Model Y to the market for the first time on Tuesday.
However, the launch showed that pricing is going to be its biggest challenge. The all-electric Model Y is priced significantly higher than in other major markets in which Tesla operates.
On Tuesday, Tesla’s Model Y went up for sale for 59,89,000 rupees for the Rear-Wheel Drive configuration, while the Long Range Rear-Wheel Drive was priced at 67,89,000.
This equates to $69,686 for the RWD and $78,994 for the Long Range RWD, a substantial markup compared to what these cars sell for in the United States.
🚨 Here’s the difference in price for the Tesla Model Y in the U.S. compared to India.
🚨 59,89,000 is $69,686
🚨 67,89,000 is $78,994 pic.twitter.com/7EUzyWLcED— TESLARATI (@Teslarati) July 15, 2025
Deliveries are currently scheduled for the third quarter, and it will be interesting to see how many units they can sell in the market at this price point.
The price includes tariffs and additional fees that are applied by the Indian government, which has aimed to work with foreign automakers to come to terms on lower duties that increase vehicle cost.
Tesla Model Y seen testing under wraps in India ahead of launch
There is a chance that these duties will be removed, which would create a more stable and affordable pricing model for Tesla in the future. President Trump and Indian Prime Minister Narendra Modi continue to iron out those details.
Maharashtra Chief Minister Devendra Fadnavis said to reporters outside the company’s new outlet in the region (via Reuters):
“In the future, we wish to see R&D and manufacturing done in India, and I am sure at an appropriate stage, Tesla will think about it.”
It appears to be eerily similar to the same “game of chicken” Tesla played with Indian government officials for the past few years. Tesla has always wanted to enter India, but was unable to do so due to these import duties.
India wanted Tesla to commit to building a Gigafactory in the country, but Tesla wanted to test demand first.
It seems this could be that demand test, and the duties are going to have a significant impact on what demand will actually be.
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