US President Donald Trump (L) greets Secretary of Defense Pete Hegseth as he arrives to address troops at the Al-Udeid air base southwest of Doha on May 15, 2025.
Brendan Smialowski | Afp | Getty Images
It’s a strange thought that launching attacks on other countries could lead to peace, but that seems to be the logic behind the abrupt escalation in conflict in the Middle East beginning Saturday. And now there’s talk of a ceasefire soon.
And on Monday evening stateside, Trump announced a ceasefire.
Trump said on Truth Social that Israel and Iran had agreed to a “Complete and Total CEASEFIRE” that will, in effect mark “an Official END to THE 12 DAY WAR” — which began when Israel attacked Iran on June 12.
There are signs this isn’t the usual empty rhetoric. Iran gave the U.S. “early notice” of its attack on the military base in Qatar, according to Trump. It was a “retaliation that was expected,” Republican House Speaker Mike Johnson said.
Qatar also received advanced warning from Iran, according to The New York Times, which cited three Iranian officials familiar with the matter. Iran’s national security council said its missile strike “posed no threat whatsoever to our friendly and brotherly nation, Qatar, or its honorable people.”
This, essentially, is “the peace through strength strategy,” Helima Croft, head of global commodity strategy at RBC Capital Markets, told CNBC.
In other words, there’s a small chance tensions in the Middle East might cool down following a carefully calibrated and symbolic exchange of strikes that projects strength from all parties, while also providing Iran an off-ramp to de-escalate tension.
Judging by the U.S. stock and oil markets — which rose and fell, respectively — investors are indeed hopeful the strategy of missile-led peace would work.
What you need to know today
Trump announces an Israel-Iran ceasefire U.S. President Donald Trump announced on Truth Social that Israel and Iran had agreed to a “Complete and Total CEASEFIRE” that will begin around midnight Tuesday stateside. However, neither Iran nor Israel has publicly confirmed they have accepted Trump’s ceasefire timeline. Read CNBC’s live coverage of the latest developments on the Israel-Iran war here.
Iran strikes U.S. military base in Qatar Iran on Monday launched what its armed forces called a “powerful and destructive missile strike on the United States’ Al-Udeid military base in Qatar.” The Al-Udeid Air Base is the largest American military installation in the Middle East, with around 10,000 service members. Qatar’s Defense Ministry said its air defense had intercepted the missile attack on Al-Udeid, and that there were no reported deaths or injuries.
Prices of oil post a huge drop Oil prices fell sharply Monday after Iran’s strike on Qatar had no reported casualties. U.S. crude oil fell 7.22%, to close at $68.51 per barrel, while global benchmark Brent shed 7.18% to $71.48 during U.S. trading. Trump on Monday demanded that “everyone” keep oil prices down or they would play “into the hands of the enemy.” Trump didn’t specify who he was referring to, but he seemed to be addressing U.S. oil producers.
[PRO] Wall Street’s thoughts on robotaxis Wall Street closely watched Tesla’s robotaxi launch in Texas over the weekend. Analyst outlooks on the event vary widely. While Wedbush’s Dan Ives, who rode in the robotaxis over the weekend, said it “exceeded our expectations,” Guggenheim’s Ronald Jewsikow called the event “baby steps.” Here’s what analysts think about what the robotaxis mean for Tesla’s stock.
And finally…
An Airbus A350-941 commercial jet, operated by Emirates Airline, at the Paris Air Show in Paris, France, on Monday, June 16, 2025.
Airlines diverted more Middle East flights on Monday after Iran’s armed forces said the country launched a missile strike on a U.S. military base in Qatar, as the region’s military conflict continued to disrupt airlines’ operations.
Dubai-based Emirates said that some of its aircraft rerouted on Monday and told customers that delays or longer flights were possible as it would take “flight paths well distanced from conflict areas,” while operating its schedule as planned.
Air India said it had halted all flights in and out of the region and to and from the east coast of North America and Europe “until further notice.”
Earlier, major international airlines including Air France, Iberia, Finnair and others announced they would pause or further postpone a resumption of service to some destinations in the Middle East.
Wisconsin is getting another boost in DC fast charging thanks to $14 million in recovered federal grants for 26 sites statewide. The funding comes through the National Electric Vehicle Infrastructure (NEVI) program, part of President Joe Biden’s Bipartisan Infrastructure Law.
The award follows a legal battle earlier this year, when Governor Tony Evers (D-WI) joined other states in a lawsuit to force the Trump Administration to release over $60 million that Wisconsin was owed from the NEVI Formula Program. A federal judge blocked the Trump administration’s illegal attempt to obstruct the NEVI program in June, clearing the way for planned NEVI EV charging projects to continue.
This round of sites fills in EV charging station coverage gaps following the initial awards announced in May 2024. Round one granted $22.4 million for 52 projects; 11 of those chargers are already online, and another 16 have been cleared for construction.
Across both award rounds, the Wisconsin Department of Transportation (WisDOT) has now allocated more than $36.4 million toward 78 total projects. The first NEVI-backed fast charging stations opened earlier this year at Kwik Trip stores in Ashland, Menomonie, and Chippewa Falls.
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The 26 new charging stations will be built along Wisconsin’s Alternative Fuel Corridor and sited at convenience stores, restaurants, hotels, grocery stores, and other travel stops. They’ll service the more than 37,000 EV drivers registered in the state, as well as road‑trippers and visitors, and will have a minimum of 150 kW per port.
Round two awardees include Tesla, Kwik Trip, and Universal EV. A full list of the 26 fast charging locations can be found here.
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Tesla reported three more crashes involving its Robotaxis in Austin, Texas – now bringing the total to 7 incidents despite low mileage and in-car supervisors preventing more accidents.
Since the launch of the ‘Robotaxi’ service in Austin, Texas, where Tesla moved the supervisor from the driver’s seat to the passenger seat, it now has to report crashes to NHTSA.
The automaker reported one more Robotaxi crash last month, and this one was interesting because it coincided with Tesla announcing that the Robotaxi fleet had traveled 250,000 miles from its launch in late June to early November.
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It revealed Tesla’s current Robotaxi crash rate, which is about 2x higher than Waymo’s, despite in-car supervisors that prevent an unknown number of crashes.
Now, Tesla has reported to NHTSA three more incidents that happened with the Robotaxi fleet in Austin in September:
Report ID
Incident Date
IncidentTime(24:00)
City State
CrashWith
Highest Injury
Severity
Alleged SV
Pre-Crash Movement
CPPre-CrashMovement
Narrative
13781-1178
7 SEP-2025
13:08
Austin TX
Animal
No Injured
Reported
Stopped
NM Crossing Roadway
[REDACTED, MAY CONTAIN CONFIDENTIAL BUSINESS INFORMATION]
13781-1178
6 SEP-2025
03:43
Austin TX
Non-Motorist: Cyclist
Property Damage.
No Injured
Reported
Stopped
Moving Alongside Roadway
[REDACTED, MAY CONTAIN CONFIDENTIAL BUSINESS INFORMATION]
13781-1178
4 SEP-2025
20:42
Austin TX
Passenger Car
Property Damage.
No Injured
Reported
Proceeding Straight
Backing
[REDACTED, MAY CONTAIN CONFIDENTIAL BUSINESS INFORMATION]
13781-1168
7 SEP-2025
01:25
Austin TX
Other Fixed Object
Property Damage.
No Injured
Reported
Making Left Turn
NaN
[REDACTED, MAY CONTAIN CONFIDENTIAL BUSINESS INFORMATION]
13781-1150
7 JUL-2025
03:45
Austin TX
SUV
Property Damage.
No Injured
Reported
Stopped
Proceeding Straight
[REDACTED, MAY CONTAIN CONFIDENTIAL BUSINESS INFORMATION]
13781-1145
9 JUL-2025
12:20
Austin TX
Other Fixed Object
Minor
W/O Hospit
alization
Other, see Narrative
NaN
[REDACTED, MAY CONTAIN CONFIDENTIAL BUSINESS INFORMATION]
13781-1137
5 JUL-2025
15:15
Austin TX
SUV
Property Damage.
No Injured
Reported
Making Right Turn
Making Right Turn
[REDACTED, MAY CONTAIN CONFIDENTIAL BUSINESS INFORMATION]
Unlike other companies reporting to NHTSA, Tesla abuses the right to redact data reported through the system. The automaker redacts the “narrative” for each reported crash, preventing the public from knowing how the crashes happened and who is responsible.
Based on the limited information in Tesla’s reports, we know that one of the new crashes involved a Robotaxi driving into a car backing up, another involved a cyclist, and the last one involved an unknown animal.
Electrek’s Take
My favorite thing about reporting on those is the messages from Tesla fans who say: You don’t know how many of those Robotaxi are responsible for?
It’s funny because I agree, but whose fault is that? Tesla could do like every other company and report the narratives.
Waymo does, and it’s clear that it isn’t responsible for many of the crashes they are involved in. I am sure that’s the case with some of those Tesla Robotaxi crashes.
However, Waymo has hundreds of millions of rider-only autonomous miles, and Tesla has a few hundred thousand, all with a supervisor on board, a finger on a killswitch, ready to prevent further crashes. Who knows how many more crashes Tesla would have had without them?
I expect a few because humans generally have a crash, whether they are at fault or not, every 700,000 miles. Tesla has 7 in probably ~300,000 miles, which should be worrying to anyone, whether the Robotaxis were responsible or not.
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Hyundai is bringing “something big” to the LA Auto Show this week, and the teaser points to a slick new off-road electric SUV. Here’s our first look.
What is this off-road Hyundai SUV?
The LA Auto Show is just days away, and Hyundai is gearing up to steal the spotlight once again. Last year, it was the IONIQ 9, Hyundai’s first three-row electric SUV. What will it be this year?
Hyundai gave us a sneak peek of a new “extreme off-road show vehicle,” the Crater Concept, ahead of its upcoming debut.
Although details are still pretty slim at this point, the sketch shows a high-riding, rugged SUV, clearly designed for off-roading with massive tires and aggressive wheel arches.
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Hyundai didn’t say what powertrain the off-road SUV will use, but given the closed-off grille and no visible tailpipes, all signs point to it being electric in some way. It could be a battery-electric (EV) or even a fuel-cell-electric vehicle (FCEV).
Hyundai Crater off-road SUV concept (Source: Hyundai)
The Crater Concept looks a bit like the new Nexo, Hyundai’s dedicated hydrogen fuel cell vehicle. The updated Nexo introduces Hyundai’s new “Art of Steel” design language, which was first shown on the Concept THREE electric hot hatch in September.
Hyundai said the design theme “combines resilience with artistic form,” which exudes strength and sophistication.
Hyundai Crater off-road SUV concept (Source: Hyundai)
The dour dot lamps on the Crater Concept look about the same as Hyundai’s new “HTWO” lamps, exclusive to its FCEVs.
Hyundai said the Crater Concept has been “crafted to amplify the same spirit and robustness found in Hyundai’s XRT production vehicles,” like the IONIQ 5 XRT, Santa Cruz XRT, and new Pallisade XRT Pro.
Hyundai Crater off-road SUV concept (Source: Hyundai)
The design team at Hyundai Design North America also introduced its new design and ideation studio on Monday, codenamed “The Sandbox” internally.
Hyundai’s new creative hub is exclusively dedicated to creating new outdoor adventure vehicles and rugged Xtreme Rugged Terrain (XRT) gear.
Will the Nexo be next? It sure looks like it. Hyundai will reveal the Crater Concept during a livestream press conference at the LA Auto Show on November 20 at 9:45 am PT. Check back for updates.
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