Stellantis-owned Fiat has had high hopes for its all-electric Fiat 500, available in the US, but now a report says that the company may backtrack due to low demand and add an ICE version to the lineup.
Earlier this month, Fiat reportedly asked suppliers for quotes to bump up production of the 500e at Stellantis’s Miafiori factory in Turin, Italy, to 175,000 units a year from the 77,260 that were made last year, reports Automotive News Europe.
Turns out, of that total, 100,000 units would be ICE models, but all this was supposed to be very hush-hush since Fiat hasn’t formally decided on the move. News of the switch was first reported by Il Corriere della Sera and then confirmed by Automotive News Europe.
This is strange, unexpected news, because it’s unusual to convert an EV to a gas engine, and the company already sells an ICE 500, built in Poland and a slightly smaller car that predates the 500e by more than a decade. And the 500e was expected to help push the company toward its emissions goals. Fiat has set the target of being an electric-only brand by 2030.
The argument is that adding in a gas model of the 500e to Mirafiori could smooth over union concerns about “declining volumes of the 500e” and help the company meet Italy’s goal of maintaining the country’s auto production at no fewer than 1 million cars per year, with Stellantis bearing the brunt of that demand being the only volume manufacturer in Italy. Fiat has already cut one of two shifts at Mirafiori last month due to slow sales, laying off some 2,250 workers, with more than half of those affected working on the 500e.
Of course, Fiat’s home turf of Italy has some of the lowest EV adoption rates in Europe, at just 4% of the market. But the far-right Italian government is working to change that, by weighing a plan to invest €930 million ($1 billion) into some enticing financial incentives to nudge drivers toward electric cars. But this hasn’t happened yet, and some Italian shoppers may be waiting for those incentives to be put into action before making the switch – so the automaker enjoys so no home court advantage here.
2024 Fiat 500e “Inspired by Music” model (Source: Stellantis)
According to the report, we could see a mild-hybrid 500e – which would be powered by the same 1-liter, 70 hp FireFly gas engine used in Fiat’s Panda minicar, as soon as late 2025 or early 2026.
While Fiat was set to cut production of its current ICE 500 in Poland at the end of next month, that model would move to Fiat’s new Algerian factory, which has a capacity of 90,000 units a year. The model, which would not be compliant with European homologation rules, will be sold in the Middle East and Africa only, reports Automotive News Europe.
If the project is approved, it could take about 18 to 24 months to build the 500e to accept a gasoline engine. The outgoing ICE model currently starts at €17,700 in Italy, with the 500e starting at €29,950, so an ICE version of the 500e is expected to fill that gap.
Fiat is one of the most popular European brands, but Stellantis has had its work cut out for it with the recent launch of the Fiat 500e in the US, Stellantis’s first all-electric vehicle in the US market. The price tag starts at $32,500 plus a $1,595 destination fee, with not much of a solid reputation to back that up for Americans. The car is designed too for the upmarket, trendy urban driver who doesn’t mind the 149-mile range on that price. But of course, Fiat sold practically no cars in the US – a grand total of 605 cars. It sold so few cars in the US that it is now discontinuing the few models it had on offer and going on all in on the 500e. Photos: Fiat’s new 2024 500e (Source: Stellantis)
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Jackery launches Explorer 600 v2 640Wh LFP power station and a solar bundle starting from $380
Jackery has launched the next of its second-generation remodels, with the Explorer 600 v2 Portable Power Station at $379.99 shipped. This all-new unit will carry a full price of $500 once these initial savings die down, with no sign of its availability on Amazon yet. The deal here gives you a 24% markdown off its full rate, cutting $120 off the tag and setting the bar for future discounts in coming months. Alongside the solo station option, you can also pick up the station with a 100W portable solar panel for $579.99 shipped, down from $699.
As we’ve been seeing with other models under Jackery’s flag, this new Explorer 600 v2 station comes as an upgraded descendant of the Explorer 600 Plus, with a slightly bigger 640Wh LiFePO4 battery capacity within a compact unit that is perfect for carrying with you on short-term trips away from home. You’ll get up to 500W of steady power (1,000W surging peak) through the six output ports to cover devices: two ACs, two USB-Cs, one USB-A, and a cigarette lighter port. While its predecessor is rated for 4,000 charging cycles, this new revamped model brings a higher 6,000-cycle lifespan alongside a 5-year warranty, so you’ll definitely be getting your money’s worth.
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You’ve got three primary means to recharge the Jackery Explorer 600 v2’s battery. The first, of course, is with a standard AC outlet that will have it back to full in an hour’s time, or you can utilize up to its max 200W solar input for solar charging – which the bundled 100W panel can have back to full in 6.5 hours. Lastly, you can get on-the-go charging plugging it into your car’s auxiliary cigarette lighter port, which takes a little over six hours to put back to 100% from empty.
Anker’s Halloween Sale returns the new SOLIX F3000 power station to its $1,399 Prime Day low
As part of Anker’s ongoing SOLIX Halloween Sale, we spotted returning low prices on the brand’s new F3000 Portable Power Station and bundles starting from $1,399 shipped, after using the code SOLIXHAW03 at checkout for an additional $100 off, beating out Amazon’s pricing by $70. Normally going for $2,599 when at full price since hitting the market in June, we saw this low rate first appear two weeks ago during the brand’s Prime Day Sale and continuing with the event’s extension, which ended last week. Now, with its latest sale going, Anker is giving folks another shot at the best price we have tracked, cutting $1,200 off the tag. Head below for the full lineup of this station’s bundle deals.
Govee’s Matter Outdoor Lamp Post can join your yard detail for a $300 low
Through its official Amazon storefront, Govee is offering its Matter Outdoor Lamp Post at $299.99 shipped, which also matches the price directly from the brand’s website. It was brought down from its $430 full price two weeks ago during the Prime Day event to this rate, which has been sticking around in the time since, giving you plenty of opportunity to pick one up for your yard. You’re looking at the lowest price we have tracked on this newer lighting device, which only fell to this rate once before in July.
Enjoy commutes and/or joyrides down streets or off-road on Rad’s RadRover 6 Plus e-bike for $1,399
As part of its ongoing Haul-o-ween Sale, Rad Power Bikes is offering a solo price cut (as opposed to bundles of FREE gear) on the RadRover 6 Plus Fat Tire e-bike to $1,399 shipped. This popular model would normally run you $1,599 at full price, with discounts over the year having mostly dropped the cost between $1,399 and $1,299, though we have seen some rare falls further to the $1,199 low. It may not be the lowest price, but you’re still looking at a solid $200 slashed from the tag for the third-lowest price we have tracked.
The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.
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The Recon EV will be revealed in full soon. Jeep’s CEO shut down rumors that the Wrangler-sized electric off-roader was dead, saying the Recon EV will go on sale shortly.
Jeep’s electric off-roader will go on sale in Spring 2026
Although the Recon was initially set to debut in 2023 with sales starting the following year, don’t count it out just yet.
Bob Broderdorf, who took over the reins as Jeep’s new CEO in February, says rumors that the electric off-roader has been cancelled are far from true.
In fact, Jeep plans to sell it, even if you don’t want it. According to MotorTrend, Broderdorf is promising more details on the Recon EV are coming soon with sales kicking off next spring.
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With Stellantis shaking up electrification plans, speculation began to spread that the Jeep Recon EV would be next to get the axe. Luckily, it doesn’t look like that will be the case.
Jeep first unveiled the Recon EV as a concept in 2022, promising the electric off-roader would be not only be able to tackle the Rubicon trail with enough charge to get back to town and recharge. It’s not a replacement, but the Recon is “inspired by the legendary Wrangler,” according to Jeep.
Jeep Recon EV (Source: Stellantis)
The Recon will be Jeep’s first true off-road EV. Leading up to its official debut, we’ve seen the electric off-roader out in the wild a few times now.
Spy shots of the interior surfaced on JeepReconForum last year, confirming the SUV will feature Jeep’s signature Selec-Terrain traction control system with different modes like “Rock” and “Mud.” The closer it gets to its final form, the more the Recon looks like a Ford Bronco rather than the Wrangler.
Even if it doesn’t sell well, Jeep considers the all-electric Recon as a key model as it looks to corner the off-road market.
Stellantis will build the Recon at its Toluca, Mexico plant alongside the Wagoneer S, Jeep’s first electric SUV in North America. The Jeep Cherokee and Compass are also built at the facility, all of which share the same STLA Large platform.
Jeep Recon Moab 4xe (source: JeepReconForum)
“We can shift and move. It is OK if [Recon] is low volume,” Broderdorf said, adding “If I have to sell more Cherokees, so be it.”
Although Jeep has yet to reveal final specs and prices, the Recon EV is expected to debut with about 350 miles of range. Prices are expected to start at around $60,000, or slightly less than the Wagoneer S. More premium trims, like the MOAB and Rubicon could cost closer to $80,000.
Broderdorf promised more details are coming soon. He also said the company plans to reveal more info on the future Wrangler shortly. Will we see an electric Wrangler? If so, it likely won’t be until the next generation in 2028.
Until then, Jeep will use the Recon EV and Wrangler as a twin threat as it looks to gain control of the off-road market.
Jeep’s CEO sees a market for electric vehicles, in particular the Recon. “We’ve got a great car. We’ve already built it. We should sell it, we should learn. I don’t know how many it will be. I’m not really that worried about it,” Broderdorf said. Even with the $7,500 federal tax credit now expired, Jeep expects EVs to sell in markets like California.
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Tesla (TSLA) will release its Q3 2025 financial results on Wednesday, October 22, after the market closes. As usual, a conference call and Q&A with Tesla’s management are scheduled after the results.
Here, we’ll look at what the street and retail investors expect for the quarterly results.
Tesla Q3 2025 deliveries and energy deployment
Even though CEO Elon Musk and his loyal shareholders like to claim that Tesla is now an AI/Robotics company, the reality is that Tesla mostly moves metals.
The company’s automotive business continues to drive the vast majority of its financial performance.
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Tesla’s revenue remains tied mainly to the number of vehicles it delivers.
Earlier this month, Tesla disclosed its Q3 2025 vehicle production and deliveries:
Production
Deliveries
Subject to operating lease accounting
Model 3/Y
435,826
481,166
2%
Other Models
11,624
15,933
7%
Total
447,450
497,099
2%
That’s a record number of vehicles delivered.
Furthermore, Tesla confirmed that it deployed 12.5 GWh of energy storage capacity during the quarter.
Those two record numbers combined should result in Tesla reporting higher revenues.
Tesla Q3 2025 revenue
For revenue, analysts generally have a pretty good idea of what to expect, thanks to the delivery numbers and now the energy storage deployment data.
The Wall Street consensus for this quarter is $26.457 billion, and Estimize, the financial estimate crowdsourcing website, predicts a lower revenue of $26.266 billion.
Here are the predictions for Tesla’s revenue over the past two years, with Estimize predictions in blue, Wall Street consensus in gray, and actual results are in green:
If Tesla meets or beats expectations, it would report higher quarter revenue than ever before.
Tesla Q3 2025 earnings
Analysts are trying to estimate Tesla’s gross margin with a first positive reversal in deliveries this year.
For Q3 2025, the Wall Street consensus is a gain of $0.55 per share and Estimize’s crowdsourced prediction is a little higher at $0.57.
Here are the earnings per share over the last two years, where Estimize predictions are in blue, Wall Street consensus is in gray, and actual results are in green:
As you can see, Tesla’s estimated record revenue is not expected to translate into record earnings, as the company has reduced prices in response to increased competition.
Tesla reported earnings of $072 per share during the same period last year.
In short, analysts are expecting Tesla’s earnings downtrend to continue despite record revenues.
Other expectations for the TSLA shareholder’s letter, analyst call, and special ‘company update’
I think we should expect a very bullish management call in Q3. We have been reporting on this for a few months on Electrek, but Tesla pushed its shareholders meeting, which is generally held in the summer, to the first week of November for good reason.
Tesla knew that the end of the tax credit would result in demand being pulled forward into Q3, leading to a strong Q3. Even though it will mean a few very difficult quarters afterward, the company will take the time to boast about it just before shareholders vote on management through Musk’s compensation package and a few board seats in two weeks.
However, I would also expect Wall Street analysts to ask a few questions about how Tesla is expected to perform in the next few quarters, given the incentives and credits in the US.
Tesla will also take questions from retail shareholders based on the most popular ones on Say. Here are the top 5 questions and my thoughts on them:
What are the latest Robotaxi metrics (fleet size, cumulative miles, rides completed, intervention rates), and when will safety drivers be removed? What are the obstacles still preventing unsupervised FSD from being deployed to customer vehicles?
Musk has been wrong about self-driving timelines for a decade now, and he manages to get away with it thanks to a very lenient shareholder base that likes it when he pumps up the stock with hyperbole and crazy predictions.
However, the shorter the timeline, the harder it is to let this slide. Musk said that Tesla Robotaxi would cover half the US, and it would remove supervisors by the end of the year.
The only way this is possible is if “Robotaxi” is what Tesla launched in the Bay Area, meaning Tesla employees in the driver’s seat using FSD. If Tesla does remove the supervisor, I believe it will only be in Austin and with a lot of limitations and remote monitoring.
What is demand / backlog for Megapack, Powerwall, Solar, or energy storage systems? With the current AI boom, is Tesla planning to supply power to other hyperscalers?
I think people should expect Tesla’s growth in the energy sector to slow and stabilize at around 18 GWh next year, which is still impressive, by the way.
What are the plans for new car models? Will Tesla build compact car models leveraging the unboxed Cybercab platform? Will Tesla build a traditional SUV and pickup truck in the Cybertruck platform?
Generally, Tesla doesn’t answer those kind of questions during an earnings call, but I think management will try to pump the best they can ahead of the shareholders meeting.
Furthermore, after the flop that was the stripped-down Model Y and Model 3, I wouldn’t be shocked if Tesla revives plan for the compact car even though Musk poo-pooed it quite a bit over the last year.
What are the present challenges in bringing Optimus to market considering app control software, engineering hardware, training general mobility models, training task specific models, training voice models, implementing manufacturing, and establishing supply chains?
As we have been reporting for the last few months, the Optimus program is in shambles. I expect Musk to confirm delays in the production ramp. He previously said that Tesla would build about 5,000 Optimus robots in 2025. I think he will delay that, but he will reiterate some ridiculous long-term goals.
What is your projection for when FSD will allow for unsupervised driving?
He literally said by the end of the year a few months ago. He said that every year for the last 6 years. I don’t know why anyone cares to have his opinion on it at this point.
As you can see, most questions from retail investors concern Tesla’s future products and Elon’s predictions about their impact.
Meanwhile, earnings are declining because Tesla’s once-incredible core business of selling cars is rapidly deteriorating.
Tune in with Electrek after market close today to get all the latest news from Tesla’s earnings, conference call, and now also an apparent “company update.”
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