Tesla CEO Elon Musk isn’t getting any. By that we mean profits, as the electric automaker reported a $397 million first-quarter loss yesterday, adding to the red ink spilled in the previous quarter.

While the company’s revenue rose 18.4 percent in Q1 and deliveries climbed 12 percent, spending on Model 3 production more than offset the increase in cash flow. Musk took the loss in stride, playing the long game in a quarterly investors call, and claimed a combination of higher production numbers and lower operating costs will send those gray clouds packing.

Finances aside, the conference call yielded far more interesting topics, including details of the upcoming Model Y. Also, it seems people are becoming confused by Tesla’s naming strategy, and Musk has no one but Ford — and a dirty mind — to blame. Read More >

Profitability is right around the corner, but so far the sign marking the turn isn’t in sight. That seems to be the gist of comments made by Mark Reuss, General Motors’ executive vice president for product development, who recently claimed his company would be the first automaker to turn a profit selling cheaper electric vehicles.

Right now, the high cost of producing EVs makes it a money-losing proposition for automakers struggling to find an edge in the growing technology war. While Tesla might disagree with Reuss’ insinuation, the dedicated electric automaker has only ever posted a couple of slim quarterly profits, with revenue from its pricey EVs eaten up by expenditures elsewhere.

At a company like GM, piles of truck and SUV-generated cash allows for a model like the Chevrolet Bolt — a low-priced EV that beats the competition in range, but allegedly drains $8,000 to $9,000 from the company with each unit sold. That’s all going to change, said Reuss. Read More >

BMW isn’t known for revolutionary design changes, so it likely won’t be hard to pick the upcoming 3 Series and X3 crossover out of a crowd of domestic and Japanese competitors. Nor will the models’ powerplants see a complete overhaul.

One somewhat surprising claim, given recent events, is that both next-generation models will retain a diesel option in the United States — and a new one, at that. Read More >

Ever since the Ford Mustang Shelby GT500 disappeared after 2014, taking the pony car horsepower crown with it, the other members of the Detroit Three were only too happy to relegate the Blue Oval to third place.

While the GT350 has performed yeoman’s duty satisfying Mustang fans — minus a cooling omission and some spectacular fires — buyers with a need for speed can now hit up a Chevrolet dealer for a 650-horsepower Camaro ZL1, or perhaps wander over to the Dodge retailer for a 707 hp Challenger Hellcat. You just know Ford wants to hit back.

According to new spy photos, Mustang aficionados could soon have their horsepower prayers answered. Read More >

Remember Elio Motors? If you’ve ever expressed any public interest in its economical three-wheeler, the company’s aggressive social media campaign has ensured Elio is a household name in your life. You may also recall the company pushing back the vehicle’s release date every single year since 2014. With a revised launch of 2018, surely Elio Motors is on track to deliver the affordable and eco-friendly little trike this time — right?

Don’t bet on it.

After an assessment showing the company had $123 million in debt with only $101,000 in the bank as of September 2016, the future is now even more dire. Elio Motors’ U.S. Securities and Exchange Commission filing shows the company needs $376 million — $64 million more than the original previous $312 million estimate — to begin production, reports Jalopnik.

Worse still, it only has 76 weeks to find the money if it has any hope of maintaining its self-imposed deadline.  Read More >

In a manner of speaking, that is. A recent report cast doubt on the future of Lexus’ rear-drive performance sedan, the GS, claiming that development of a next-generation model was off the table. That would make next year the GS’ last.

While Lexus wouldn’t confirm the report, a spokesperson’s choice of words was enough to add to the rumor. In a marketplace that’s big on SUVs and downright miserable to cars, it would make sense for Lexus to get ahead of the “too many cars” problem faced by the likes of Hyundai and pare down its lineup.

Now, another report says Lexus will call on a different model to fill the gap. Read More >

While nothing is set in stone just yet, Mitsubishi should have a blueprint for its U.S. product strategy as early as September. The automaker, recently enlivened by its entry into the Renault-Nissan Alliance, suddenly finds itself with new options on the table as it plots a course towards greater U.S. market share.

Part of that strategy will likely mean covering segments now left empty in the brand’s product lineup. Before entering the Alliance, Mitsubishi’s main goal was getting more utility vehicles out the door, and that will remain the company’s growth driver in the near future, says chief operating officer Trevor Mann.

Still, the newfound ability to share components and platforms with Nissan opens the door to interesting new possibilities, and Mann knows what he wants. Read More >

Break out the acai berry juice — there’s another futuristic transportation vision emerging from the fevered mind of Tesla CEO Elon Musk.

During a TED talk in Vancouver on Friday, Musk teased an image of his company’s upcoming electric big rig. The vehicle, scheduled for a September reveal, isn’t the only truck bound for Tesla showrooms — the automaker expects to debut a pickup in the next 18 to 24 months.

While we’ve known about the impending semi truck for some time, Musk also choose Friday to drop a video showing what he feels is the Next Big Thing in efficient transportation: underground electric sleds for your car. Read More >

It was hard not to like the funky Volkswagen T-Roc concept when it appeared at pre-diesel scandal auto shows. Two doors! A targa-like removable top! Pillarless side glass! A low-slung, athletic body primed for on- and off-road adventures!

C’mon, folks — that’s fun stuff. Sadly, reality intervened, and the production-bound T-Roc is not the party animal it was in college.

In a revealing teaser video issued by VW, a camouflaged T-Roc is seen blasting through an arid landscape, presumably on its way to your driveway. It’s our best look yet at the model, which is scheduled to bow in Europe later this year and is reportedly green-lit for a utility-hungry America.

Minus its compact dimensions and optional 4Motion all-wheel drive, there’s clearly something missing from this production vehicle: everything that made the concept interesting. Read More >

Remember when the boxy little Mercedes-Benz SLK roadster bowed with its innovative retractable hardtop back in 1997? The model provided Germanophiles with an alternative to the BMW Z3 and gave the brand a healthy injection of youthful, downmarket sportiness.

Well, the recently refreshed two-seater — which adopted the SLC moniker for 2017 — seems to be running on a combination of gasoline and borrowed time. Read More >

My, how time flies. Nearly half a decade has passed since Mazda, undoubtedly an automaker that believes in performance, last offered a Mazdaspeed product.

Not since 2004 and 2005, when 5,142 Mazdaspeed MX-5s were delivered in the United States market, has Mazda’s most obvious performance car been available in a power-up version.

Not since the first-generation Mazda 6’s 2005/2006 Mazdaspeed tenure has Mazda’s midsize sedan been offered in performance guise.

And after following up one of the best-handling front-wheel-drive cars of its era, the Mazdaspeed Protege, with the Mazdaspeed3 in 2007 and another in 2010, Mazda hasn’t had a hot hatch contender to battle the Volkswagen Golf GTI and R, Ford’s ST and RS models, the Honda Civic Si (and now Type R), the Subaru WRX, and Mini’s Cooper S since 2013.

So, is Mazdaspeed dead? Read More >

Faraday Future, which spent 2016 as the automotive poster child for bad news, continues to face a myriad of problems. In this most recent hardship, we learn Faraday couldn’t even manage to choose a company name without stirring a legal backlash.

Faraday Bicycles, which manufactures electric-assisted pedal bikes, has filed a trademark lawsuit against Faraday Future in U.S. District Court for the Northern District of California. In the complaint, filed Tuesday, the e-bike company states Faraday Future has been infringing on its name — which it officially trademarked in October 2013. The legal action follows a November claim against FF over the acquisition of its domain name and nearly endless financial woes.  Read More >

News that the 2017 Mercedes-Benz C-Class Wagon would arrive in North America with a diesel powerplant and all-wheel drive caught many industry observers by pleasant surprise early last year.

But it’s been 15 months since Mercedes-Benz announced at 2016’s Montreal Auto Show that the C300d 4Matic would be sold in Canada, albeit not the United States.

Not a crossover, not tall, not be-cladded, not even remotely intended for mass consumption, the C-Class Wagon was destined to be a cult favourite — that’s right, favourite — in The Great White North. However, eight months after the announcement, there was still no C300d 4Matic wagon in Mercedes-Benz’s Canadian showrooms. Blame Volkswagen’s diesel emissions scandal for delaying the certification.

Yet TTAC was told just yesterday the C-Class Wagon will appear in Canadian showrooms later this summer with a, how do you say in the Canadianese… minor change, eh? Read More >

Here is sentence that nobody has ever uttered: “Honey, you have to take the kids to school in the McLaren today because the Kia is in the shop and it’s our only other mode of transportation.”

Despite this, the automaker that has continuously brought the world road-going hypercars and track day darlings has also considered building a car with a backseat for quite some time. While most supercar manufacturers have at least mulled over something for the entire family, McLaren seems among the worst-suited for the task.  Read More >

If photos taken of a strange feature on a camouflaged 2018 Jeep Wrangler Unlimited make it to production, expect an even larger smorgasbord of ways to let the sun shine in.

Many details of the next-generation off-roader remain unconfirmed, but we’ve seen spy photos of cloaked prototypes for what seems like forever. Each time, there’s (usually) something new to see, and these photos aren’t any different. The interest here lies above the driver’s head. Read More >