A Zoox robotaxi testing in San FranciscoZooxZoox, the autonomous vehicle company owned by Amazon, has received approval from U.S. regulators to operate its purpose-built electric robotaxis that lack steering wheels, mirrors and conventional vehicle controls on public roads, a necessary step as it prepares to take on Alphabet’s Waymo.The National Highway Traffic Safety Administration said it granted Zoox the first-ever exemption from U.S. rules requiring the use of certain features as part of its expanded Au ...

Core Insights - Lucid Group, Inc. reported disappointing Q2 results with revenue of $259.4 million, missing analyst estimates of $296.24 million, and a larger-than-expected adjusted loss of 24 cents per share compared to the forecasted loss of 21 cents [1] Group 1: Financial Performance - The company’s Q2 revenue was $259.4 million, falling short of the expected $296.24 million [1] - Lucid posted an adjusted loss of 24 cents per share, exceeding the forecasted loss of 21 cents [1] - The FY25 revenue estimate was lowered to approximately $1.41 billion from roughly $1.43 billion [5] Group 2: Analyst Ratings and Market Outlook - Cantor Fitzgerald analyst Andres Sheppard maintained a Neutral rating on Lucid, citing ongoing challenges such as supply constraints and negative gross margins [2] - The FY25 production estimate was revised down to 18,500 units from 20,000, reflecting updated company guidance [4] - The FY25 delivery estimate was also lowered to 16,650 from 17,000 to remain conservative [5] Group 3: Product and Market Developments - Lucid's Gravity SUV has shown strong vehicle performance, with daily orders nearly doubling since its debut [3] - The company plans to enter the robotaxi market with Uber in late 2026, which is expected to boost customer demand and margins [4] - A midsize platform launch is anticipated in the second half of 2026 [3]

Core Viewpoint - Rivian Automotive's recent financial results indicate challenges in profitability and production, with a focus on the upcoming R2 vehicle launch in 2026 as a potential turning point for the company [4][10][14]. Financial Performance - In Q2, Rivian reported revenues of $1.30 billion, a 12% increase year-over-year, slightly exceeding Wall Street's projection of $1.27 billion [4]. - The diluted loss per share was 97 cents, which is a 33% improvement from the same period last year but significantly worse than the expected loss of 65 cents per share [4]. - Rivian's gross margin was -16%, a decline from a positive gross margin of 10% in Q4 2024 and 17% in Q1 2025, with vehicle production falling approximately 57% from Q1 due to supply chain issues [5]. Future Outlook - Rivian updated its adjusted 2025 EBITDA guidance, now expecting a loss between $2 billion and $2.25 billion, which is about $325 million more than the previous estimate [6]. - The company is optimistic about the R2 vehicle, set to launch in the first half of 2026, which is crucial for its long-term success [8][10]. - Rivian has locked in materials costs for the R2, which are 50% lower than those for the R1, potentially aiding in achieving a sustainably positive gross margin [9]. Market Position - Rivian's stock has seen a significant decline, down around 88% since going public, contrasting with the performance of market leaders like Tesla and BYD, which have achieved substantial returns [13][14]. - Analysts view Rivian as significantly undervalued, with price targets reaching as high as $18, despite the current hold rating [2][8].

The Trump administration has cleared the way for Zoox, the autonomous-vehicle subsidiary of Amazon, to demonstrate self-driving cars that lack traditional driving controls like steering wheels https://t.co/cJ3ZBcuInQ ...

Core Viewpoint - Rivian Automotive's shares declined following mixed second-quarter results and a downbeat outlook, leading to price target cuts from analysts [1][3][8] Financial Performance - Second-quarter revenue was reported at $1.303 billion, a 5.1% year-over-year increase, slightly exceeding the consensus estimate of $1.29 billion [1] - The adjusted loss was 97 cents per share, wider than the expected 76 cents per share loss, indicating ongoing profitability challenges [2] - Adjusted EBITDA loss was $667 million, significantly worse than the anticipated loss of $492.7 million, attributed to increased investments in the R2 product line and service infrastructure [5][11] Revenue Breakdown - Software and services revenue rose to $376 million from $318 million in the prior quarter, with approximately $182 million from a joint venture with Volkswagen [4] - Regulatory credit revenue was only $3 million, far below the forecast of $107 million, due to legislative changes affecting demand for EPA and CAFE credits [9] Profitability Metrics - Adjusted gross margin fell sharply to 4.9%, down from 26.5% in the previous quarter, primarily due to lower production volumes and fixed cost impacts of approximately $137 million [4] - Core automotive gross margin excluding credits dropped to -36%, compared to an estimated -11%, resulting in a combined gross profit loss of $335 million [10] Guidance and Outlook - Rivian reaffirmed its full-year delivery guidance of 40,000 to 46,000 vehicles but downgraded its profitability outlook, now expecting gross profit to be roughly breakeven, down from a prior forecast of $300 million [5][6] - Adjusted EBITDA guidance was revised to a range of negative $2.25 billion to $2.0 billion, below the consensus estimate of negative $1.88 billion [6][12] Analyst Ratings and Reactions - Wedbush analyst maintained an Outperform rating but lowered the price forecast from $18 to $16, citing regulatory uncertainty and macro headwinds as challenges [3][7] - JP Morgan analyst reaffirmed an Underweight rating and cut the price forecast from $10 to $9, reflecting a more pessimistic view following the wider-than-expected EBITDA loss [8][12] Cash Position - The company maintains sufficient liquidity with $7.5 billion in cash and expected inflows from Volkswagen and DOE loans [13]

Key Takeaways MGA posted Q2 EPS of $1.44, beating estimates and rising from $1.35 a year earlier.Revenues dipped 3% to $10.63B, but topped expectations on segmental strength and efficiency gains.MGA raised its 2025 revenue and income outlook, while trimming capex forecast to $1.6-$1.7B.Magna International (MGA) reported second-quarter 2025 adjusted earnings of $1.44 per share, which rose from the year-ago quarter’s $1.35, beating the Zacks Consensus Estimate of $1.19.Net sales decreased 3% year over year t ...

The Trump administration’s war on EVs will allow the auto industry to keep selling big, gas-powered vehicles for the foreseeable future. Detroit is thrilled. https://t.co/NcbU6L0Dve ...

Core Viewpoint - The automotive industry is witnessing a shift where companies traditionally focused on range-extended vehicles are now venturing into pure electric vehicles, and vice versa [2][5]. Group 1: Industry Trends - Companies like Li Auto have launched their first pure electric SUV, the Li i8, adopting a dual strategy of range extension and pure electric [3]. - More brands that previously did not engage in range extension, such as Avita and Zhiji, are now entering the range-extended vehicle market [6][9]. - Zhiji Auto has introduced its self-developed range extension technology, "Star" Super Range Extender, which will debut in the upcoming Zhiji LS6 and flagship LS9 models [7]. Group 2: Technological Innovations - The "Star" Super Range Extender consists of three main components: a large-capacity fast-charging battery, an energy-efficient range extender, and excellent noise and vibration performance [14]. - The battery, developed in collaboration with CATL, has a capacity of 66 kWh, providing a CLTC pure electric range of 450 km, surpassing the Tesla Model 3's 62.5 kWh battery [16][17]. - The battery architecture is 800V, allowing for a peak charging power of 268 kW, enabling a 310 km range increase in just 15 minutes of charging [19]. Group 3: User Insights and Market Positioning - User research indicated that many buyers of range-extended vehicles are motivated by range anxiety, leading to a demand for larger batteries to reduce charging frequency [26][30]. - The company aims to meet user needs by ensuring a pure electric range of over 400 km, which could satisfy all user demands [34]. - The strategy is to attract users who might have previously avoided electric vehicles due to range anxiety, thereby expanding the market [80]. Group 4: Efficiency and Performance - The range extender, named "Zephyr 1.5T," focuses on efficiency, achieving a fuel consumption of 5.32 L/100 km, marking a significant improvement in the segment [44]. - The system is designed to minimize vibration and noise, with a cabin noise level maintained below 36 decibels during operation [66]. - The low battery discharge capability is enhanced to 275.5 kW, ensuring performance remains robust even at low battery levels [75].

Group 1 - The all-new Xiaopeng P7 has started pre-sales, achieving over 10,000 reservations in just 6 minutes and 37 seconds [1][3][12] - The new model features dimensions of 5017mm in length, 1970mm in width, and 1407mm in height, with a wheelbase of 3008mm, and offers six exterior color options [5] - The vehicle is equipped with an intelligent cockpit, including a "technology island" dashboard, a heads-up display, and a total of 23 custom HIFI speakers [9] Group 2 - The new Xiaopeng P7 utilizes an 800V high-voltage SiC platform, with a range of 702-820km according to CLTC standards, and can recharge 525km of range in just 10 minutes [10] - The vehicle boasts impressive performance metrics, including a 0-100 km/h acceleration time of 3.7 seconds and a top speed of 230 km/h [10] - The competitive product strength and aesthetic appeal of the new Xiaopeng P7 suggest it may significantly impact the pure electric sedan market [12] Group 3 - The Wuling Bingguo S was officially unveiled on August 6, 2023, positioned as a "high-quality colorful vehicle" [13][14] - The new model features a five-door, five-seat design with dimensions of 4265mm in length, 1785mm in width, and 1600mm in height, classified as an A0-level pure electric vehicle [18] - The Bingguo S is expected to be priced higher than its predecessor due to its larger size and upgraded paint quality, catering to the growing demand for premium small electric cars [20]

RT Tesla Owners Silicon Valley (@teslaownersSV)Visited the Tesla Rome Sales & Service center @TeslaOwnersIT @teslaeurope https://t.co/9z5spXKjr0 ...