Electric Vehicle

Lucid Group (LCID) missed Q3 expectations, reporting a $2.65 adjusted loss per share and $336.6 million in revenue. The EV maker lowered its annual production guidance amid supply chain issues and softening EV demand, now projecting 18,000 vehicles. However, Lucid secured an expanded credit line with Saudi Arabia’s PIF, bringing total liquidity to $5.5 billion, funding operations into 2027. Focus remains on the Gravity SUV launch and new vehicle development, alongside partnerships with Uber and Nvidia for autonomous vehicle technology.

Elon Musk addressed the long-delayed Tesla Roadster, aiming for an unveiling “hopefully before the end of the year,” after OpenAI CEO Sam Altman publicly expressed frustration with his long-standing reservation. Altman’s experience highlights growing impatience surrounding the car. Observers suggest Altman’s complaint prompted Musk’s comments. The Roadster, planned as a high-performance EV, aims to reclaim performance benchmarks amid competition. This news coincides with a crucial shareholder vote on Musk’s substantial pay package, marking a pivotal moment for Tesla.

Ferrari (RACE) will release its Q3 2025 financial results on November 4, 2025, hosting a live webcast and conference call at 2:00 p.m. GMT. Investors will focus on the order book, especially for hybrid/electric vehicles, pricing power amidst inflation, and investments in sustainable technologies. The results will be available for replay on Ferrari’s website for two weeks. These figures are crucial for assessing the luxury automotive market and Ferrari’s strategic direction in electrification and evolving consumer preferences.

Xiaomi’s Hong Kong-listed shares fell sharply after a fatal SU7 electric car crash in Chengdu, sparking renewed safety concerns. Social media images showed a burning SU7, with bystanders reportedly unable to open the doors. Police report the driver, who died, may have been under the influence of alcohol and collided with another vehicle. The incident raises questions about electronic door handles in EVs, which rely on electrical power and may fail in emergencies, amid increasing regulatory scrutiny of the feature. This follows a previous fatal SU7 crash and potential ban on electronic door handles from Chinese regulators.

Tesla has released cryptic teaser videos on X, hinting at a potential new vehicle unveiling on October 7th. The teasers, featuring a spinning component and distinctive headlights, have fueled speculation about a next-generation Roadster or a long-anticipated mass-market model. Analysts believe a competitively priced vehicle is crucial for Tesla’s growth amidst increasing competition and evolving consumer preferences, especially in key markets like Europe and China, where domestic EV manufacturers are gaining ground. The unveiling’s success will be vital for Tesla’s future market position.

Faraday Future (FFAI) completed its FX Super One event in Seattle, attracting tech professionals from Boeing, Amazon, Microsoft, and Meta. This event is part of a U.S. tour, following similar events in other major cities with plans to expand to Texas and other states. FFAI will also host a Middle East launch in the UAE on October 28, targeting initial deliveries in Q4 2025. U.S. pre-production work, including crash testing, is ongoing. The company aims for the FX Super One to become a flagship product.

Xiaomi plans to launch its EV business in Europe by 2027, including opening showrooms. Xiaomi will assess the future viability of manufacturing locally but will likely modify an existing model rather than developing a new one specifically for Europe. This move positions Xiaomi alongside other Chinese EV manufacturers competing for market share in Europe amid increasing tariffs on Chinese-made EVs. The company aims to be a top-five global player within 15-20 years, making a local factory a potential necessity.

BYD reported record first-half 2025 revenue of ¥371.3 billion, surpassing Tesla for the first time. The company emphasized strengthening industry collaboration through proactive coordination, optimizing payment terms, and fostering a mutually beneficial ecosystem for stakeholders. BYD highlighted its already low DPO and further reductions compared to 2024, prioritizing prompt supplier payments. This follows a commitment by BYD and other Chinese automakers to limit payment terms to 60 days, addressing concerns about supply chain pressures and promoting sustainable industry growth.

A recent survey indicates Tesla’s Full Self-Driving (FSD) system may be deterring more U.S. buyers than attracting them, with nearly half believing FSD should be illegal. This comes as Tesla faces slowing sales, increased competition, and reputational damage from Musk’s actions. European sales are also down. While Musk sees FSD as a key advantage, Tesla lags in robotaxi development. Consumers desire clearer regulations and manufacturer accountability for automated vehicles. Tesla faces increasing concerns about safety and brand reputation, especially after recent legal setbacks.

Li Auto CEO Li Xiang, in an interview with Luo Yonghao, addressed online negativity, particularly the “coffin car” smear campaign against the MEGA model. Luo expressed surprise at the intensity of the attacks. Li Xiang alleged a rival company orchestrated these campaigns dating back to the i8 model, aiming to damage Li Auto’s image. He stated that the appropriate response is to improve product and strategy to eliminate vulnerabilities, and acknowledges that the pressure from the controversy nearly caused a complete redesign of the MEGA car.