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GM expects its EVs to be profitable by 2025 with higher margin models

(Credit: Chevrolet)

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General Motors (GM) is expecting to reach profitability on electric vehicles (EVs) by 2025 as higher margin models hit the market, according to a statement from one executive last week.

On Thursday at the Barclays conference in New York, GM’s Chief Financial Officer Paul Jacobson told analysts that the automaker expects to start generating mid-single-digit pretax profits in 2025 (via AP News). Although the company currently loses money on each EV sold, Jacobson said GM expects profitability to come from the production of higher margin models, along with reductions in battery costs and continued improvements to manufacturing.

“While the ramp has been a little bit bumpy, we have worked through that,” Jacobson said.

GM has had problems with machinery at its assembly plants that stacks battery cells into modules. The automaker produces its battery cells at a joint venture facility with LG Energy Solution outside of Warren, Ohio.

The company is also aiming to build one million EVs annually by the end of 2025. If GM can spread its current costs across a larger lineup of vehicles as it boosts sales, Jacobson explained, then it should be able to reach profitability within the timeline.

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Among other topics discussed during the conference appearance last week, Jacobson also said that GM is expecting increased benefits from upcoming clean energy tax credit guidance from the U.S. Treasury, set to go into effect on January 1. He also pointed out that the current forecast of mid-single-digit profit margins in two years is slightly improved from the low-to-mid-single-digits GM was previously expecting.

Jacobson also aired some concerns surrounding EV demand, noting that it is rising despite the rate of its EV sales slowing in the U.S. market this year. If the company doesn’t see demand for its one million vehicle target, then Jacobson says GM won’t make that many units as the company wants to avoid selling them at large discounts.

“I don’t want to stuff vehicles into a market that doesn’t want them,” Jacobson added.

The statements come after GM announced plans to delay the opening of an Ultium Cell plant in Tennessee and following costly six-week strikes against the automaker, during which it said it would slow down its EV production efforts.

GM has also struggled with its self-driving unit Cruise after one of the startup’s robotaxis struck and dragged a pedestrian in San Francisco before stopping on top of her. The company’s driverless permit was immediately revoked, and the company faces both federal and state investigations.

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Cruise announces reduced operations, further delays to Origin production

What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send your tips to us at tips@teslarati.com.

Zach is a renewable energy reporter who has been covering electric vehicles since 2020. He grew up in Fremont, California, and he currently lives in Colorado. His work has appeared in the Chicago Tribune, KRON4 San Francisco, FOX31 Denver, InsideEVs, CleanTechnica, and many other publications. When he isn't covering Tesla or other EV companies, you can find him writing and performing music, drinking a good cup of coffee, or hanging out with his cats, Banks and Freddie. Reach out at zach@teslarati.com, find him on X at @zacharyvisconti, or send us tips at tips@teslarati.com.

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Tesla Model 3 hits quarter million miles with original battery and motor

The Model 3’s Battery Management System (BMS) shows a State of Health between 88% and 90%.

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(Credit: Tesla Asia/Twitter)

A Western Australian Tesla Model 3 has captured global attention after racking up an impressive 410,000 kilometers (254,000 miles) on its original battery and motor, while still retaining around 90% of its original battery health.

Long-term Model 3

The 2021 Model 3 Standard Plus, equipped with a 60 kWh lithium iron phosphate (LFP) battery, has been in constant use as an Uber rideshare vehicle. According to Port Kennedy EV specialist EV Workz, the car’s Battery Management System (BMS) shows a State of Health between 88% and 90%.

EV Workz owner Edi Gutmanis shared the findings on Facebook’s Electric Vehicles For Australia page on August 8, and the post quickly went viral. As per Gutmanis, the Model 3’s charging history shows 15,556 kWh delivered via DC fast charging (29% of the total) and 38,012 kWh via AC charging (71% of the total). 

Gutmanis also broke down the fuel savings for the Model 3. A petrol car covering the same 410,000 km at 7L/100km and $1.70 per liter would cost an estimated AU$50,000 in fuel. By comparison, charging the Tesla using average commercial rates would be about AU$20,737 and just AU$13,000 if using Western Australia’s EV tariff. That’s a potential refueling saving of roughly $37,000, not including the avoided maintenance costs of an internal combustion engine.

Simple fix

The car came into EV Workz for a driveline “judder” issue, as per a report form EV Central Australia. Gutmanis found the real cause was simply worn motor mount bushes. After seven hours of labor and $130 in parts, “the car drives just as good as the first day it left the dealership,” Gutmanis said.

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Gutmanis, whose business also performs EV conversions on classics and 4x4s, says the results aren’t surprising. “We expect this sort of longevity with EV batteries,” he explained, though this is the highest-mileage Model 3 he has encountered in Australia.

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Mysterious covered Tesla Model Y fleet spotted in Giga Berlin

The vehicles were sighted during a recent drone flyover of the Germany-based Model Y production site.

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Credit: @TobiasLindh/YouTube

A fleet of mysterious covered Model Y units has been spotted at the Giga Berlin complex. The vehicles were sighted during a recent drone flyover of the Germany-based Model Y production site.

A mysterious fleet

The mysterious Model Y fleet was sighted by longtime Giga Berlin watcher Tobias Lindh, who has been chronicling the progress and activities of Tesla’s German factory complex for years. During his flyover on August 12, 2025, Lindh noted that he was able to spot a fleet of fully covered Model Y units being gathered in one section of the Giga Berlin site.

The presence of the covered Model Y units caught a lot of attention online, with numerous Tesla watchers speculating if the vehicles were the Model Y L or the yet-to-be-released Model Y Performance. Giga Berlin only produces Model Y units, after all, and both the Model Y L and Model Y Performance are yet to be rolled out by the electric vehicle maker.

Tesla Model Y Performance the Model Y L

The Model Y is Tesla’s best-selling vehicle by a mile, selling so well that it was able to become the world’s best-selling car by volume in 2023. With the changeover to the new Model Y this year, Tesla has only released the vehicle’s updated RWD and AWD versions. The updated Model Y Performance is yet to be released as of writing, though sightings of apparent Model Y Performance units have been reported on social media.

In recent weeks, however, the Model Y news cycle has been dominated by the upcoming release of the Model Y L, an extended wheelbase, six-seat version of the best-selling all-electric crossover. The Model Y L is expected to be produced in Giga Shanghai initially, though Giga Berlin, the Fremont Factory, and Giga Texas are also expected to produce the variant in the near future. 

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Check out Giga Berlin’s mysterious Model Y fleet in the video below.

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Ukraine completes first Starlink direct-to-cell test in Eastern Europe

The trial was announced by the Ministry of Digital Transformation and Kyivstar’s parent company Veon, in a press release.

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Credit: SpaceX

Ukraine’s largest mobile operator, Kyivstar, has completed its first test of Starlink’s Direct to Cell satellite technology, enabling text messages to be sent directly from 4G smartphones without extra hardware. 

The trial was announced by the Ministry of Digital Transformation and Kyivstar’s parent company Veon in a press release.

First Eastern Europe field test

The Zhytomyr region hosted the pilot, where Deputy Prime Minister Mykhailo Fedorov and Kyivstar CEO Oleksandr Komarov exchanged texts and even made a brief video call via Starlink’s satellite link in northern Ukraine’s Zhytomyr region. 

Veon stated that the test marked Eastern Europe’s first field trial of the technology, which will allow Kyivstar’s 23 million subscribers to stay connected in areas without cellular coverage. The service will debut in fall 2025 with free text messaging during its testing phase.

“Our partnership with Starlink integrates terrestrial networks with satellite platforms, ensuring that nothing stands between our customers and connectivity – not power outages, deserts, mountains, floods, earthquakes, or even landmines,” Veon CEO Kaan Terzioglu stated.

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Starlink in Ukraine

Kyivstar signed its Direct to Cell agreement with Starlink in December 2024, about a year after a major cyberattack disrupted service and caused nearly $100 million in damages, as noted in a report from the Kyiv Independent. Starlink technology has been a pivotal part of Ukraine’s defense against Russia in the ongoing conflict.

“Despite all the challenges of wartime, we continue to develop innovative solutions, because reliable communication under any circumstances and in any location is one of our key priorities. Therefore, this Kyivstar project is an example of effective partnership between the state, business, and technology companies, which opens the way to the future of communication without borders,” Mykhailo Fedorov, First Deputy Prime Minister of Ukraine, said.

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