After releasing Q3 earnings Tuesday, GM says it will delay the Equinox EV, Silverado EV, and GMC Sierra EV production to “protect” pricing and enhance profitability.
GM delays Equinox, EV truck production in Q3
General Motors announced plans to delay Silverado EV and GMC Sierra EV production at its Orion assembly plant in Michigan last week.
The move comes as the automaker aims “to better manage capital investment while aligning with evolving EV demand,” according to GM spokesperson Kevin Kelley.
GM reiterated its intentions Tuesday. Following its Q3 earnings, GM’s CEO Mary Barra explained the company is “moderating the acceleration of EV production in North America to protect our pricing, adjust to slower near-term growth in demand, and implement engineering efficiency and other improvements.”
Barra said the adjustments “will make our vehicles less expensive to produce, and more profitable” in the future.
GM’s leader explained on the company’s earnings call that the EV delays will impact Ultum-based models, including the Equinox EV, Silverado EV RST, and GMC Sierra EV. Although no specifics were mentioned, Barra said it would be “a few months.”
Chevy Silverado EV RST (Source: GM)
Ultium-based EV production finally picked up in the third quarter. GM produced 32,000 EVs in Q3, up 23% compared to last quarter as supply chain hurdles eased.
In Q4, GM expects 2/3 of EV production to consist of the Cadillac Lyriq, Chevy Blazer EV, Chevy Silverado EV (Work Truck edition), and GMC Hummer EV.
Chevy Blazer EV (Source: GM)
Ultium-based Bolt EV to improve profitability
Barra explained the next-gen Bolt will be “an even better EV” with engineering and manufacturing enhancements.
The Ultium-based Bolt EV will be the first to receive LFP batteries, which will help lower costs, making the vehicle more affordable for buyers.
The company has yet to provide a release date but says the improvements will lead to improved profitability.
2023 Chevy Bolt EUV (Source: Chevrolet)
By delaying the Equinox, Silverado, and GMC Sierra EVs, GM says it will have the opportunity to implement manufacturing improvements, among other adjustments, “that will make our vehicles less expensive to produce, and more profitable.”
The automaker says the delay comes as GM looks to “protect profitability rather than volume.” By mid-2024, GM expects no constraints and will be able to build to order.
From left to right: 2025 GMC Sierra EV Elevation, 2025 GMC Sierra EV AT4, 2024 GMC Sierra EV Denali Edition 1 (Source: GMC)
GM also withdrew its full-year metrics following the UAW strike. The company says once new contracts are signed, they will have more clarity around financials due to uncertain labor costs.
Overall, GM’s revenue was up 5.4% YOY to $44 billion on higher-margin pickup and SUV sales. The company was profitable in every region, including China.
However, GM’s net income margin slipped from 7.9% last year to 6.9% in Q3 on rising costs. Net income fell from $3.3 billion last year to $3.1 billion in Q3.
Although GM chose not to disclose EV margins, the company is still aiming to achieve double-digit profit margins on its EVs by 2025. The automaker looks to build 1 million EVs in North America by then.
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True to Lamborghini’s legacy of speed and excess, the first battery-electric vehicle to wear the raging bull is also the fastest of its kind. Only this time, the badge isn’t on a car — it’s on a personal watercraft. Meet the all-new Seabob SE63 jet sled.
Co-developed with the Italian supercar brand, the Lamborghini-badged Seabob SE63 features a more powerful jet propulsion system than any of the company’s existing personal jet sleds, and is fitted with a carbon fiber motor shaft as a further nod to the Italian luxury brand’s high-performance heritage.
The riding experience is not just ‘a bit faster’, but thrillingly intense and unrestrained. Acceleration off the start line delivers an immediate adrenaline rush. Thrust, agility, top speed: everything is designed for maximum performance and pure emotion.
The new SE63 backs up those claims with a 6.3 kW (~8.5 hp) electric motor. And, while that hardly makes it a supercar, in the world of ePWCs, it’s enough to make the SE63 a monster. The SE63 also features a bigger, more energy-dense battery than other Seabobs, a combination good for up to 60 minutes of go-fast, water-based fun.
Seabob SE63 Lamborghini
The SE63 can recharge its batteries with a standard power outlet in just 1.5 hours, and be back on the water for even more fun in the sun.
The Seabob SE63 made its debut earlier this week at the Cannes Yachting Festival. Production is set to begin in early 2026, meaning you’ll be able to get yours just in time for the summer 2026 beach season. Prices have yet to be announced – but, like any Lamborghini product, if you have to ask you probably can’t afford it.
Check out the world premier of the Seabob SE63 for Automobili Lamborghini (the sled’s official name) in the video, below, then let us know what you think of the brand’s first BEV in the comments.
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A duo of Tesla shareholder-influencers tried to complete Elon Musk’s coast-to-coast self-driving ride that he claimed Tesla would be able to do in 2017 and they crashed before making it about 60 miles.
In 2016, Elon Musk infamously said that Tesla would complete a fully self-driving coast-to-coast drive between Los Angeles and New York by the end of 2017.
The idea was to livestream or film a full unedited drive coast-to-coast with the vehicle driving itself at all times.
We are in 2025 and Tesla never made that drive.
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Despite the many missed autonomous driving goals, many Tesla shareholders believe that the company is on the verge of delivering unsupervised self-driving following the rollout of its ‘Robotaxi’ fleet in Austin, which requires supervision from Tesla employees inside the vehicles, and improvements to its “Full Self-Driving” (FSD) systems inside consumer vehicles, which is still only a level 2 driver assist system that requires driver attention at all times as per Tesla.
Two of these Tesla shareholders and online influencers attempted to undertake a coast-to-coast drive between San Diego, CA, and Jacksonville, FL, in a Tesla Model Y equipped with the latest FSD software update.
They didn’t make it out of California without crashing into easily avoidable road debris that badly damaged the Tesla Model Y:
In the video, you can see that the driver doesn’t have his hands on the steering wheel. The passenger spots the debris way ahead of time. There was plenty of time to react, but the driver didn’t get his hands on the steering wheel until the last second.
In a follow-up video, the two Tesla influencers confirmed that the Model Y had a broken sway bar bracket and damaged suspension components. The vehicle is also throwing out a lot of warnings.
They made it about 2.5% of the planned trip on Tesla FSD v13.9 before crashing the vehicle.
Electrek’s Take
Tesla shareholders used to discuss this somewhat rationally back in the day, but now that Tesla’s EV business is in decline and the stock price depends entirely on the self-driving and robot promises, they no longer do.
I recall when Musk himself used to say that when you reach 99% self-driving, it is when the “march of the 9s” begins, and you must achieve 99.999999999% autonomy to have a truly useful self-driving system. He admitted that this is the most challenging part as the real-world is unpredictable and hard to simulate – throwing a lot of challenging scenario at you, such as debris on the road.
That’s where Tesla is right now. The hard part has just started. And there’s no telling how long it will take to get there. If someone is telling you that they know, they are lying. I don’t know. My best estimate is approximately 2-3 years and a new hardware suite.
However, competition, mainly Waymo, began its own “march of the 9s” about five years ago.
Tesla is still years behind, and something like this drive by these two Tesla influencers proves it.
I was actually in a similar accident in a Tesla Model 3 back in 2020. I rented a Model 3 on Turo for a trip to Las Vegas from Los Angeles.
I ended up driving over a blown-out truck tire in the middle of the road like this. I was Autopilot, but I don’t know if the car saw it. I definitely saw it, but it was a bit late as I was following a truck that just drove over it. I had probably less than 2 seconds to react. I applied the brakes, but my choices were driving into a ditch on the right or into a car in the left lane.
I managed to reduce the force of the impact with the braking, but the vehicle jumped a bit like in this video. There wasn’t really any damage to the front, but the bottom cover was flapping down. I taped it together at the next gas station and I was able to continue the trip without much issue.
However, after returning it to the Turo owner and having the suspension damage evaluated by Tesla, the repair job was estimated to be roughly $10,000. I wouldn’t be surprised if there’s a similar situation with this accident.
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Chrysler parent company Stellantis is calling its new, Intelligent Battery Integrated System (IBIS) system a breakthrough technology that will make future EVs lighter, more efficient, and quicker. Now, that “breakthrough” tech is now moving from concept to reality.
Co-developed with Saft, Sherpa Engineering, Université Paris-Saclay, and Institut Lafayette, Stellantis’ IBIS embeds the charger and inverter functions directly into the battery pack, an integration that results in reduced design complexity, interior space savings, and lifetime easier maintenance.
That improved efficiency carries on to the battery’s second life, too. IBIS facilitates the reuse of electric vehicle batteries in second-life battery energy storage systems (BESS) applications by reducing the need for extensive (and expensive) reconditioning.
up to 10% energy efficiency improvement (WLTC cycle) and 15% power gain (172 kW vs. 150 kW) with the same battery size
reduces vehicle weight by ~40 kg and frees up to 17 liters of volume, enabling better aerodynamics and design flexibility
early results show a 15% reduction in charging time (e.g., from 7 to 6 hours on a 7 kW AC charger), along with 10% energy savings
easier servicing and enhanced potential for second-life battery reuse in both automotive and stationary applications
Those benefits stem from the fact that EVs spend a lot of time and energy converting Alternating Current (AC) to Direct Current (DC) and back again with the – that’s true whether we’re talking about a L2 home charger or energy harvested from regenerative braking. Doing away with that process and the hardware that goes along with it could unlocks significant weight and efficiency benefits, with some estimates indicating that an IBIS car could weigh in at 40 kg less than a conventionally-equipped BEV, while still offering similar range and performance.
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