News
GM lists Chevy Bolt EV and EUV as ‘#1 mainstream EV series’ in Q4 and FY 2022 US sales report
General Motors (GM) has released its 2022 US fourth quarter and full-year sales report for the US, and in it, the veteran automaker highlighted some of its key milestones during the past year. GM deserves quite a lot of credit in 2022, considering that the American automaker was able to reclaim the US’ top spot in overall auto sales from Toyota Motor Corp, one of its strongest rivals.
As per GM’s Q4 and FY 2022 US sales report, it was able to post a total of 2,274,088 sales in the United States in 2022. This corresponds to a 3% year-over-year rise. The company also posted a strong comeback in the fourth quarter, with US sales rising up 41% year-over-year to 623,261 units. Toyota, on the other hand, posted overall sales of 2,108,458 units over the year.

Considering its accomplishments, it was no surprise that General Motors listed several of its “#1” milestones in 2022. The company specifically listed some of the vehicles behind its “#1” accomplishments in 2022, such as the Cadillac Escalade, which was the number one large luxury SUV for the 9th straight year; and the Chevrolet Corvette, which was the number one luxury sports car. Interestingly enough, GM also listed the Chevrolet Bolt EV and Bolt EUV as the “number one mainstream EV series in Q3 and Q4.”
GM did not specify what it meant by “mainstream EV series” in its report, though it should be noted that the Chevrolet Bolt EV and EUV’s Q4 sales of 16,108 units in the United States are quite conservative, at least compared to some of the country’s most popular battery electric cars. In the third quarter, for example, Counterpoint Research listed the Chevy Bolt EUV with a 4.8% sales share in the US, while the Tesla Model 3 commanded 20.4%.
GM did highlight that the Chevrolet Bolt EV and EUV had their best sales year to date with a 53.5% increase to 38,120 units, but a notable part of this gain was likely due to the fact that the vehicle’s numbers were throttled last year due to a global recall. In a way, however, the Chevy Bolt EV and EUV did have a pretty impressive comeback story in 2022, considering the challenges GM faced with its battery issues that ultimately resulted in a production halt for the vehicle.
Also, GM appears to have a lot of plans with its EV segment in 2023. These are listed below.
- Chevrolet Bolt EV and Bolt EUV production expected to increase to more than 70,000 units this year to meet strong global demand
- Three Chevrolet EVs launching in the industry’s most popular segments
- Cadillac LYRIQ production continues to increase to meet strong customer demand
- GM’s first Ultium-dedicated assembly plant – Factory ZERO in Detroit and Hamtramck – slated to resume production this month. GMC HUMMER EV SUV planned to launch mid-2023
- BrightDrop Zevo 600 production is underway at CAMI, Canada’s first full-scale EV plant, with Zevo 400 manufacturing slated to begin later this year
GM’s Q4 and FY 2022 report can be viewed below.
Q4 YE22 Sales Release 2 by Simon Alvarez on Scribd
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Elon Musk
Elon Musk shares incredible detail about Tesla Cybercab efficiency
Elon Musk shared an incredible detail about Tesla Cybercab’s potential efficiency, as the company has hinted in the past that it could be one of the most affordable vehicles to operate from a per-mile basis.
ARK Invest released a report recently that shed some light on the potential incremental cost per mile of various Robotaxis that will be available on the market in the coming years.
The Cybercab, which is detailed for the year 2030, has an exceptionally low cost of operation, which is something Tesla revealed when it unveiled the vehicle a year and a half ago at the “We, Robot” event in Los Angeles.
Musk said on numerous occasions that Tesla plans to hit the $0.20 cents per mile mark with the Cybercab, describing a “clear path” to achieving that figure and emphasizing it is the “full considered” cost, which would include energy, maintenance, cleaning, depreciation, and insurance.
Probably true
— Elon Musk (@elonmusk) January 22, 2026
ARK’s report showed that the Cybercab would be roughly half the cost of the Waymo 6th Gen Robotaxi in 2030, as that would come in at around $0.40 per mile all in. Cybercab, at scale, would be at $0.20.

Credit: ARK Invest
This would be a dramatic decrease in the cost of operation for Tesla, and the savings would then be passed on to customers who choose to utilize the ride-sharing service for their own transportation needs.
The U.S. average cost of new vehicle ownership is about $0.77 per mile, according to AAA. Meanwhile, Uber and Lyft rideshares often cost between $1 and $4 per mile, while Waymo can cost between $0.60 and $1 or more per mile, according to some estimates.
Tesla’s engineering has been the true driver of these cost efficiencies, and its focus on creating a vehicle that is as cost-effective to operate as possible is truly going to pay off as the vehicle begins to scale. Tesla wants to get the Cybercab to about 5.5-6 miles per kWh, which has been discussed with prototypes.
Additionally, fewer parts due to the umboxed manufacturing process, a lower initial cost, and eliminating the need to pay humans for their labor would also contribute to a cheaper operational cost overall. While aspirational, all of the ingredients for this to be a real goal are there.
It may take some time as Tesla needs to hammer the manufacturing processes, and Musk has said there will be growing pains early. This week, he said regarding the early production efforts:
“…initial production is always very slow and follows an S-curve. The speed of production ramp is inversely proportionate to how many new parts and steps there are. For Cybercab and Optimus, almost everything is new, so the early production rate will be agonizingly slow, but eventually end up being insanely fast.”
Elon Musk
Elon Musk to attend 2026 World Economic Forum at Davos
The Tesla CEO was confirmed as a last-minute speaker for a session with BlackRock CEO Larry Fink.
Elon Musk is poised to attend the 2026 World Economic Forum in Davos. The Tesla CEO was confirmed as a last-minute speaker for a session with BlackRock CEO Larry Fink, signaling a thaw in Musk’s long-strained relationship with the event.
A late addition
Organizers of the World Economic Forum confirmed that Elon Musk was added shortly before the event to a Thursday afternoon session, where he was scheduled to speak with Fink, as noted in a Bloomberg News report. Musk’s upcoming appearance marks Musk’s first participation in the forum, which annually draws political leaders, business executives, and global media to Davos, Switzerland.
Musk’s attendance represents a departure from his past stance toward the event. He had been invited in prior years but declined to attend, including in 2024. His upcoming appearance followed remarks from his political ally, Donald Trump, who addressed the forum earlier in the week with a wide-ranging speech.
A previously strained relationship
Musk had frequently criticized the World Economic Forum in the past, describing it as elitist and questioning its influence. In earlier posts, he characterized the gathering as “boring” and accused it of functioning like an unelected global authority. Those remarks contributed to a long-running distance between Musk and WEF organizers.
The forum previously said Musk had not been invited since 2015, though that position has since shifted. Organizers indicated last year that Musk was welcome amid heightened interest in his political and business activities, including his involvement in the Trump administration’s Department of Government Efficiency (DOGE). Musk later stepped away from that role.
Despite his friction with the World Economic Forum, Musk has remained central to several global events, from SpaceX’s provision of satellite internet services in geopolitically sensitive regions through Starlink to the growing use of xAI’s Grok in U.S. government applications.
News
Tesla states Giga Berlin workforce is stable, rejects media report
As per the electric vehicle maker, production and employment levels at the facility remain stable.
Tesla Germany has denied recent reports alleging that it has significantly reduced staffing at Gigafactory Berlin. As per the electric vehicle maker, production and employment levels at the facility remain stable.
Tesla denies Giga Berlin job cuts report
On Wednesday, German publication Handelsblatt reported that Tesla’s workforce in Gigafactory Berlin had been reduced by about 1,700 since 2024, a 14% drop. The publication cited internal documents as its source for its report.
In a statement to Reuters, Tesla Germany stated that there has been no significant reduction in permanent staff at its Gigafactory in Grünheide compared with 2024, and that there are no plans to curb production or cut jobs at the facility.
“Compared to 2024, there has been no significant reduction in the number of permanent staff. Nor are there any such plans. Compared to 2024, there has been no significant reduction in the number of permanent staff. Nor are there any such plans,” Tesla noted in an emailed statement.
Tesla Germany also noted that it’s “completely normal” for a facility like Giga Berlin to see fluctuations in its headcount.
A likely explanation
There might be a pretty good reason why Giga Berlin reduced its headcount in 2024. As highlighted by industry watcher Alex Voigt, in April of that year, Elon Musk reduced Tesla’s global workforce by more than 10% as part of an effort to lower costs and improve productivity. At the time, several notable executives departed the company, and the Supercharger team was culled.
As with Tesla’s other factories worldwide, Giga Berlin adjusted staffing during that period as well. This could suggest that a substantial number of the 1,700 employees reported by Handelsblatt were likely part of the workers who were let go by Elon Musk during Tesla’s last major workforce reduction.
In contrast to claims of contraction, Tesla has repeatedly signaled plans to expand production capacity in Germany. Giga Berlin factory manager André Thierig has stated on several occasions that the site is expected to increase output in 2026, reinforcing the idea that the facility’s long-term trajectory remains growth-oriented.