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Tesla Stock Drops 5% After Automaker Falls Short of Q3 Revenue Predictions

Tesla’s third quarter marked a tumultuous period for the electric vehicle company. According to its Q3 report, the company “encountered material headwinds” due to raw material cost inflation and component shortages. As a result, Tesla’s quarterly revenue didn’t quite match up to what the company predicted, bringing in $21.45 billion USD to its anticipated $21.96 billion USD. While not a major difference, stock in the EV automaker dropped by 15% and shares fell by about 5% following the publication of the report on Wednesday. Compared to the same period last year, Tesla’s net income increased by 55%, jumping from $1.62 billion to $3.33 billion USD. Gross margins for its automotive sector remained at about 27.9%, the same margins for its previous quarter. Throughout Q3, Tesla produced 365,92...

Porsche Introduces Its Lightweight Sports Car, the 911 Carrera T

Porsche is expanding its 911 lineup with an all-new lightweight sports car: the 911 Carrera T. Notably, the “T” stands for touring, articulating the vehicle’s purist driving experience and sporty mechanics. This latest model arrives with the same 3.0-liter twin-turbo flat-6 engine as the flagship 911, pumping 379 horsepower and 331 pound-feet of torque. Weighing 3,241 pounds, the Carrera T is the lightest series 911 with the entry-level engine. Building on the base model, which can only be matched with a seven-speed dual-clutch automatic transmission, the T can also be paired with the seven-speed manual of the Carrera S. In manual, the company states that the T can reach 60 mph in 4.3 seconds; and with the dual-clutch automatic, it can reach the same speed in just 3.8 sec...

Cadillac Unveils Its $300,000 USD Ultra-Luxury CELESTIQ EV

Cadillac CELESTIQ concept is now a reality with the unveiling of the production model of the all-electric, ultra-luxury sedan. The car manufacturer pulled from each era of its rich heritage — the CELESTIQ’s proportions harken back to its vehicles of the ’30s and ’50s — and channels such iconic, handbuilt vehicles such as the 1933 V16 Aerodynamic Coupe and the 1957 Eldorado Brougham. “CELESTIQ is the purest expression of Cadillac, acknowledging our incredible history and driving us to a bolder and brighter future,” said Global Vice President of Cadillac Rory Harvey. “It is a completely bespoke work of automotive art, built around the most advanced and innovative technology that we have ever engineered into an automobile.” The CELESTIQ al...

Mansory’s New Mercedes-Benz G-Wagon Custom Features Suicide Doors and a 900-Horsepower Engine

The automotive customization masterminds at Mansory have tweaked and tinkered with everything from McLarens to Ferraris and are even responsible for Drake’s infamous Chrome Hearts Rolls-Royce, but one of their favorite canvases is Mercedes-Benz’s boxy G Wagon, a tanklike SUV that they’ve just tricked out with suicide doors. A new customization option that the German outfit says gives the G-Wagon an “exclusive, extraordinary look,” the suicide doors are also accompanied by an upgraded engine and much more. G-Wagons are already ultra-powerful offroad behemoths, but Mansory cranks their capabilities up even further with a 900-horsepower engine that pushes out a whopping 1,200 nm of torque. The looks stack up to the performance as well, thanks to gradient paint jo...

Tesla Semi Truck Spotted Broken Down on Highway

With just a little over a month until Tesla is set to deliver the first batch of 100 Semi Trucks to Pepsi this December, a video has surfaced showing a broken down Semi Truck on a Californian highway. Spotted by Serge The Car Hauler, the video shows the truck near the Fremont factory broken down near the on-ramp with police, a Tesla service vehicle, a tow truck, and another 18-wheeler to the side. There’s no news on if the Semi will be delayed again, but if Tesla is still working out the kinks, this could be an indicator that some orders may not be fulfilled until 2023. In other automotive news, Rolls-Royce officially unveils its all-electric Spectre. Read more at HYPEBEAST

The Audi RS3 “Performance Edition” Can Hit 186 MPH

The Audi RS3 is no slump — but for those looking for that little bit extra, the German marque has you covered with the all-new RS3 “Performance Edition.” Coming as an optional pack in both Sportback and Sedan guises, the new iteration takes the formidable super-hot hatch and dials things up to eleven, adding more power and a higher top speed alongside lots of sporty add-ons. Starting with the legendary five-cylinder turbocharged 2.5-liter engine, the RS3 now produces 407 HP (instead of the stock 401 HP), while the top speed is up from 178 MPH to 186 MPH, entering supercar territory. Likewise, the 0-62 MPH time is a quoted 3.8 seconds, however, independent tests have proven the car can hit the sprint in around 3.3 seconds in stock mode. This all comes with added torque, no...

Rolls-Royce Officially Unveils Its All-Electric Spectre

It’s official, the luxury British manufacturer Rolls-Royce is going all-electric by 2030, and to kick things off it has officially unveiled the much-anticipated Spectre. Coming in as Rolls-Royce’s first fully-electric motor car, the Spectre brings together the marque’s iconic design language and its high-quality ethos alongside a vision of the future that’s soon becoming a reality. In turn, we find a car that’s entirely new from the ground up. Made from aluminum to keep weight down, the Spectre shows how Rolls-Royce’s cars are inherently fit for the world of electrification. For example, electric cars are often quick, quiet and luxurious by default — everything a Rolls-Royce stands for and is. For the Spectre this is elevated with the currents of E...

Mercedes-AMG Unveils Its First Electric 4×4, the EQE SUV

Mercedes-Benz’s EQ division is pumping out electric cars for the masses, and now it expands its range with the all-new EQE SUV. The car comes in as Mercedes-Benz’s regularly-sized electric SUV, sitting above the EQC and the EQE sedan, but beneath the soon-coming EQS SUV and the flagship EQS saloon. In short, think of this car like your average family SUV, in the same ballpark as the Mercedes-Benz GLE. While it was rather exciting that Mercedes-Benz has unveiled another EV to broaden its range, what’s more exciting is the reveal of Mercedes-AMG‘s effort. Here, the Affalterbach team has delivered its first all-electric SUV in the form of the EQE SUV, in turn creating a car that packs 677 HP courtesy of two electric motors, one placed on each axle. Elsewhere, the AMG E...

Rough Crafts Presents Custom Harley-Davidson “Asphalt Glider”

Taipei-based shop Rough Crafts, headed by Winston Yeh, has debuted an all-new build based on the Harley-Davidson Softail dubbed the “Asphalt Glider.” Fittingly described by Bike Exif as “Black, Menacing, and Muscular,” the one-of-one creation arrives in the brand’s definitive monochromatic black paintwork boasting a medley of textures, fitted parts, and finishes. With a painstaking amount of detail put into the H.R. Giger-reminiscent motorbike, highlights include a complete fork setup made entirely of billet aluminum courtesy of Italian components brand FG Racing. On top, a set of custom handlebars arrive in Rough Crafts x Arlen Ness grips and Rebuffini switches. Foot controls from Thunderbike Custom, in-house headlights and exhaust, Koso turn signals, and Reb...

Pre-Order for the First Sony x Honda EV Will Come In 2025

According to reports, Sony and Honda‘s independent electric vehicle business has announced that pre-orders for its first model will come during the first half of 2025. Sony Honda Mobility Inc. (SHM) is expecting United States deliveries to come during Spring 2026, with local Japanese deliveries set for the second half of 2026, a European launch is still being considered with no firm plans. The first EV model from Sony and Honda will see manufacturing by Honda at a North American facility, while Sony will be developing a Level 3 autonomous driving system and accompanying sensors. The technology setup should allow the car to drive on its own under appropriate conditions. Sony is also rumored to introduce a monthly subscription service for innovative entertainment and other expansive se...

Lotus Honors Emerson Fittipaldi With Limited-Edition Evija EV Hypercar

In case the Lotus Evija wasn’t rare enough for you, the British marque has just unveiled its next masterpiece — the limited-edition Emerson Fittipaldi Evija. Restricted to just eight units — which have all been sold — the Evija Fittipaldi harks back to Lotus‘ days of Formula 1 with a black and gold colorway drawn from the iconic Lotus Type 72 race car. Here, the livery adorns not just the lightweight, futuristic body, but also the wheels and the interior, a place where recycled original Type 72 aluminum has been used to create rotary dials for the driver’s use. The exterior has been hand-painted while special touches, including a hand-tinted plan view of the Type 72 etched into the exposed carbon fiber roof and Fittipaldi’s signature hand-stitched ...

Porsche Unveils First Brand Store in Stuttgart’s Dorotheen Quartier

Porsche is welcoming visitors into a brand-new retail space in the heart of its hometown of Stuttgart. The German city will host Porsche’s immersive “Porsche Driven by Dreams” shoppable venue, opening its doors to the public on October 15. The sports car manufacturer’s contemporary location will deliver a multi-faceted approach through in-person car sales alongside other products and a diverse range of events to be held throughout the remainder of 2022. Its design is encapsulated by a dream-like environment submerged in a high-end digital experience ideal for purchasing your dream vehicle. The 300 square-meter setting will display current Porsche models, while ongoing exhibitions will see uncommon vintage cars taken from the brand’s automotive Porsche Museum a...