The company said it expects to make $11 billion before interest and taxes in 2026, up from its prior forecast for $8.5 to $10.5 billion.
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The two-seat Fiat Topolino electric vehicle weighs just 1,073 pounds and is only about 8 feet long, with a max speed of 25 mph.
Even with the big sales resurgence, Tesla likely won’t touch its annual deliveries peak set in 2023, when it sold 1.8 million cars.
A new car cost an average $49,000 last month, according to Kelley Blue Book, and a truck set shoppers back by about $66,000.
R2 hitting the market marks a significant milestone for Rivian, one that could determine whether it becomes a household name.
The automaker outsourced Luce’s design to LoveFrom, the San Francisco-based agency led by former Apple chief design officer Jony Ive.
In a note to clients on Tuesday Morgan Stanley analysts flagged Ford Energy as having the potential to be a $10 billion business.
Tesla trades at around 183 times forward earnings, behind only Boeing and Warner Bros. Discovery on the S&P 500.
The e-bike industry has spent the last year in a Chapter 11 shredder, but a new “War Economy” at the pump is changing the math.
In addition to its Rivian deal, Uber has a $300 million partnership with EV-maker Lucid for at least 20,000 robotaxis.
The battery cells Tesla is buying will be produced at a plant in Lansing, Michigan, previously run by LG and General Motors.
According to Kelly Blue Book figures, US electric vehicle sales fell 36% to 234,171 units in the fourth quarter of 2025.
All of the major players are vying for a major share of a ridehailing market estimated at $43 billion in the US and $150 billion worldwide.
Earlier this month, Tesla lost its title as the best-selling electric vehivle maker in the world to Chinese company BYD.
General Motors faces another speed bump thanks to a recent deal that will allow thousands of Chinese EVs into Canada.
Earlier this month, Tesla shared that it delivered about 1.6 million vehicles last year, a 9% drop from 2024.