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    Tesla’s Falling Profit May Pressure Elon Musk to Return to Day Job

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    The carmaker is expected to report a decline in quarterly earnings after Tesla’s brand suffered because of its chief executive’s role in the Trump administration.Tesla is expected to report on Tuesday that its profits fell in the first three months of the year, which could increase the pressure on Elon Musk, the automaker’s chief executive, to curtail his work for President Trump and spend more time managing the company.Wall Street analysts expect Tesla to say its net profit declined slightly from $1.1 billion in the first quarter of 2024.Tesla sales have been slumping because of intense competition from Chinese carmakers like BYD, a lack of new models and Mr. Musk’s support of far-right causes, which has turned away some liberals and centrists from buying Tesla vehicles.Tesla remains the most valuable automaker in the world as measured by its stock price, but its shares have lost about half their value since mid-December as investors have grown more pessimistic about the company’s prospects and concerned about Mr. Musk’s role in the Trump administration.Tesla has steadily lost market share to Chinese carmakers and more established automakers, like General Motors, Volkswagen and Hyundai, that have been offering a growing selection of electric vehicles.Mr. Musk’s company once hoped to sell 20 million vehicles a year by the end of the decade, twice as many as Toyota. But sales have been sliding after climbing to 1.8 million in 2023. Last year, the company sold 1.7 million cars, and its global sales fell 13 percent in the first quarter of 2025 from a year earlier.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Kia Recalls Telluride SUV Over Fire Risk; Urging Owners to Park Outside

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      About 460,000 vehicles could be affected by the recall, which stems from a problem with the vehicle’s front power seat motor.The automotive company Kia issued a recall on Friday of certain Telluride SUVs from the years 2020 through 2024 and urged the owners of the vehicles to park outside and away from structures because of a fire risk, the National Highway Traffic Safety Administration said.The issue stems from the front power seat motor, which can overheat “because of a stuck power seat slide knob, potentially resulting in a fire and increasing the risk of injury,” the NHTSA said in a statement.“To fix the issue, dealers will install a bracket for the power seat switch back covers and replace the seat slide knobs, free of charge,” the statement said.Kia recommended that drivers park outside until repairs were completed.About 460,000 vehicles could be affected by the recall, according to the NHTSA, and notices informing owners of affected Tellurides are expected to be mailed beginning July 30.Kia will also reimburse owners for repair expenses already incurred, according to a Safety Recall Report that the agency posted online.A chronology of the issues with the Telluride Front Power Seats shared by the NHTSA shows that the Kia North America Safety Office saw complaints of smoke and a report of a “driver seat caught on fire while driving.” No injuries were reported from that fire, according to the document, nor have there been any injuries, crashes or fatalities stemming from the problem.James Bell, a spokesman for Kia, called the issue “very rare.”In September 2023, Hyundai and Kia recalled nearly 3.4 million vehicles in the United States because of a fire risk in the engine compartment caused by brake fluid leaks. At the time, the automakers also advised car owners to park their vehicles outside.Hyundai is the parent company of Kia Motors, but the manufacturers operate independently. More

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      G.M. Reports Big Jump in Profit on Gasoline Car Sales

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      General Motors has struggled with electric vehicles and in foreign markets but it is selling lots of combustion engine cars and trucks in North America.General Motors on Tuesday reported a big jump in profits for the first three months of the year, based on the strength of its gasoline vehicle business, and raised its outlook for the rest of the year.The company saw slow growth in electric vehicles, but robust sales of internal combustion vehicles, especially pickup trucks, helped raise its profit to $3 billion in the first quarter, a 24 percent jump from the same period a year ago. G.M. also said that it now expects to make $10.1 billion to $11.5 billion in profit this year, up from a previous forecast of $9.8 billion to $11.2 billion.“We’re maximizing the strength of our ICE business, we’re growing our E.V. business and improving profitability,” G.M.’s chief financial officer, Paul Jacobson, said in a conference call with reporters, using the shorthand for internal combustion engine.Mr. Jacobson said G.M. has ironed out production difficulties in battery pack manufacturing and is ramping up output. He repeated an earlier forecast that G.M.’s battery-powered cars and trucks would start generating profits in the second half of this year.G.M. made all of its profit in North America and lost money in the rest of the world, including a $106 million loss in China; a year earlier, the company reported an $83 million profit in that country.G.M. sold 895,000 vehicles globally in the first quarter, an increase of 4 percent.In the first three months of the year in the United States, G.M. sold 9,385 electric vehicles that use its latest battery technology. That’s an increase from 972 in the same period a year ago, but significantly fewer than G.M. had originally expected.The company plans to add several new electric vehicles this year that utilize the new Ultium batteries. They include a GMC Sierra pickup truck that is supposed to have maximum range of 440 miles, and a Chevrolet Equinox sport-utility vehicle that G.M. said would have a starting price of $34,995 and a range of up to 319 miles. More