Electric Cars | The Verge

Dreame’s rocket-powered car can do 0–60 in 0.9 seconds because you can just say things now

2026-05-01T15:37:51-04:00

The NEXT 01 JET Edition Car at the Dreame NEXT event during the Silicon Valley Summit at the Palace of Fine Arts on April 29, 2026 in San Francisco, CA. | Photo by Kelsey McClellan / The Verge

When I first heard that a vacuum company had released a rocket-powered electric vehicle with physically impossible-sounding performance specs, I immediately thought James Dyson was up to his old tricks again.

Fortunately, I was wrong. This time the household appliance company trying its hand at super car design is Dreame (pronounced like "dreamy"), a little-known Chinese firm that has grand ambitions to become a global consumer electronics giant. The company held an expo of sorts in San Francisco this week that resulted in a flurry of product announcements. And because we live in an attention economy, and one of the best ways to grab people …

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Rivian’s revenue is up as R2 production kicks into gear

2026-04-30T17:38:05-04:00

Rivian reported its first quarter earnings of 2026, providing us a closer look at the company's financial health as it kicks off production for the crucial R2 electric vehicle.

We've already got Rivian's production and delivery statement from the first three months of the year. The company sold 10,365 vehicles in Q1, representing 20 percent increase year over year. And it produced 10,236 vehicles at its factory in Normal, Illinois, which represents a 30 percent increase compared to the same period last year. The company also reaffirmed its prediction that it will sell 62,000-67,000 vehicles this year.

In terms of earnings, Rivian said it …

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Rivian downsizes new EV factory after Trump’s DOE slashes loan agreement

2026-05-01T10:18:18-04:00

Rivian announced some changes today with regard to the factory its building in the state of Georgia.

The company was planning to build the facility in two phases, each resulting in 200,000 vehicles of annual production capacity, for a total of 400,000 units. Rivian held a ground breaking ceremony late last year.

Now the company says it is only planning for 300,000 units of annual capacity as a result of a revised loan agreement with the US Department of Energy - though its planning on hitting that annual capacity sooner than originally planned. DOE will now loan Rivian $4.5 billion, instead of the originally agreed amount of $6.6 billion …

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An influx of used EVs could drive down prices

2026-04-25T14:25:23-04:00

Part of what has held back electric cars has been the cost. But an influx of used vehicles over the next three years could bring prices down dramatically. In 2025, just 123,000 leases on EVs expired. That is expected to more than double to 300,000 in 2026, and double again to 600,000 in 2027 and 660,000 in 2028, according to Cox Automotive.

Most leased vehicles end up entering the used market. This means more than a million used EVs could become available over the next few years, making them far more accessible. The vast majority of cars sold in the US are used - some 76 percent as of 2024, according to Consumer Affairs. A large part of th …

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Tesla’s Cybercab goes into production — so why is Musk tapping the brakes?

2026-04-24T12:26:41-04:00

Tesla's Cybercab is now in production at the company's Gigafactory in Austin, Texas, but Elon Musk is sounding unusually cautious about the rollout.

The robotaxi's start of production was announced Thursday on X, with Tesla posting a video shot from inside a steering wheel-less Cybercab as it drove out of the factory with the caption, "Purpose built for autonomy." The company made a few initial Cybercabs back in February, but continuous production only started this month.

But with the company's robotaxi plans creeping along much slower than expected, many Tesla watchers are left scratching their heads about the future - especially as Mus …

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Elon Musk admits that millions of Tesla vehicles won’t get unsupervised FSD

2026-04-22T18:38:31-04:00

Tesla vehicles with the company's Hardware 3 (HW3) computer actually won't receive unsupervised Full Self-Driving (FSD), CEO Elon Musk said on Wednesday's Q1 2026 earnings call. Approximately 4 million Tesla vehicles operate on the HW3 platform, meaning that a significant chunk of Tesla owners - including customers that paid for the feature when they bought their cars - are now locked out of being able to use unsupervised FSD, which has been something Musk has been hyping for years, unless they upgrade their car or their car's hardware.

Musk:

I wish it were otherwise, but Hardware 3 simply does not have the capability to achieve unsupervi …

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Tesla’s revenue rises again as it prepares for more AI and robotics

2026-04-23T08:26:52-04:00

Tesla released its 2026 first-quarter financial earnings today, providing another look at the progress of Elon Musk's $1 trillion bet to transform his company into a leader of AI and robotics.

Tesla said it earned $477 million in net income on $22.4 billion in revenue in the quarter that ended in April 2026. That's a 16 percent increase in revenue and a 17 percent increase in profits over the first quarter of 2025, when the company earned $409 million in net income on $19.3 billion in revenue. Tesla missed revenue expectations from Wall Street, which assumed approximately $22.64 billion in revenue.

As part of the earnings update deck, Tesl …

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BMW’s flagship 7 Series gets its ‘Neue Klasse’ upgrade

2026-04-22T08:19:30-04:00

Ever since BMW first announced its "Neue Klasse" next-generation electric vehicle architecture and design language way back in 2021, the question on many fans' minds was when the new technology would reach the automaker's flagship 7 Series.

Well, that moment has finally arrived. Today, at events in New York City and Beijing, BMW unveiled its new 7 Series on the Neue Klasse platform. And while some of the styling choices remain polarizing, the power and technology riding under the surface is sure to give these $100,000-plus machines a strong selling point. Simply put, BMW wants to transform its decades-old advertising slogan as "the Ultimate …

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Mercedes’ first all-electric C-Class is its sportiest one yet

2026-04-20T14:35:57-04:00

The Mercedes-Benz C-Class, typically a benchmark in luxury compact sedans, now gets an all-important electric variant. The new C 400 4MATIC is built on an 800-volt architecture designed for efficiency and long-distance travel. Its estimated range is up to 762 kilometers (473 miles) on the WLTP cycle. And Mercedes boasts that it's the "sportiest C-Class ever" but also "smooth like an S-Class."

While Mercedes-Benz has a long history of releasing EVs under its "EQ" branding, the current C-Class is only available in a gas, mild-hybrid, and plug-in hybrid powertrain. So this marks the first time that the C-Class nameplate has been affixed to a p …

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Tesla launches robotaxis in Dallas and Houston, and oops, it’s already unavailable

2026-04-20T11:06:55-04:00

Tesla claims to have launched a robotaxi service in Dallas and Houston over the weekend, but so far, online crowdsourcing tools indicate that very few cars are actually available.

On Saturday, @TeslaRobotaxi posted a 14-second video of a Model Y vehicle driving without any human safety monitor in the front seats. Elon Musk re-posted the video, adding, "Try Tesla Robotaxi in Dallas & Houston!"

Try Tesla Robotaxi in Dallas & Houston! https://t.co/K6Ss0S7v4k
- Elon Musk (@elonmusk) April 18, 2026

But as of Sunday evening, the service appeared to be largely unavailable, according to Robotaxi Tracker, an online data site that tracks autonom …

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