TechCrunch Mobility: Tesla vs GM: A tale of two earnings

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The survey results are (from last week’s version) and it is clear what you want: analysis with a capital you want scoops, some news roundup and deal, but far away you are looking for analysis. I have always sprayed my thoughts and insights across the newsletter, but in the next few weeks and months you will see me moving towards further analysis.

In this note, the earning season on us and the two stood up to me: GM And TeslaThe Both companies are facing pressure from tariffs. And when GM also sells gas -powered vehicles, both are trying to sell EV in a market that has been seen slowly in the face of the future without EV incentive.

GM and Tesla are planning to navigate it (or at least what they signal) is quite different.

GM, which saw that the tariffs bite $ 1 billion out of its Q2 line, still seeing the EVAs as its “answer”. And GM definitely trails Tesla in EV sales today, it has a large mix of EV model to attract customers – all more than a dozen. And Shevrolet is now the second EV brand in the USA

And when GM touted $ 4 billion from the super-cruise to the super cruise, as well as onstar and other software services that would be recognized over time, the big theme of the call was “flexibility”.

Chair and CEO Mary Bara And CFO Paul Jacobson Q2 said the word “flexibility” nine times during the earning call. To establish factories what they mean by flexibility are where they can easily combine EV and ice vehicles – and change the mixture on the basis of demand.

Meanwhile, Tesla “Future” and CEO Elon are betting a lot for musk, which means autonomy and AI, or sometimes he called it, “Real-World AI”.

The huge majority of Tesla’s revenue (about 74%) still sells cars, Although Q2 results Show a decrease of 16% of the year in automotive earnings. But if you have heard the Q2 call, it is clear that Elon Kasturi Tesla is not interested in becoming a car company. (He even acknowledges that Tesla, a very expected epoch, is working on a stripped version of the Wiye model.)

Kasturi Optimus wants to create and sell robots and establish autonomous vehicles. The problem is that these products today – or future products – not generating profit, quit earning.

Yes, Tesla brings earning earnings as full self-driving, supervising its advanced driver-help system. (This is not an autonomous vehicle and the human driver’s busyness is needed) and yes, the company is charging for a robotaxi ride in South Austin, but it is not a scale, it is not profitable.

Kasturi admits that there will be some quarters, but he still believes that most of the Tesla’s profit has come from here in the end.

I think this transformation is going to take a lot more time than the musk publicly shared. (Just today, the information has said that the company is far behind it Optimus aims to produce robots.) And it looks like the company is feeling the pressure to act. For example, a limited version of Tesla has been reported to be bringing Robotuxi service in San Francisco This weekend, however, does not have a technically required permit. (Do you think Tesla’s work will work?)

Meanwhile, Tesla is under regulatory and legal pressure that can further damage the sales attempt and even threatens her future plans around the FSD.

A little bird

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Deal!

This week only a camouflage of deals!

Boschers Led $ 21 million series b Investment 4 ScreenA Munich-based company that connects automaker, brands and drivers by displaying domestic vehicles.

BlockskyA corporate travel infrastructure agency, Raising $ 15.8 million In a round led by blockchang. The United Airlines Ventures, Lightspeed Group, Lasagana, LitQuDT Ventures, Longbrook Ventures, KSV Global and TFJ Capital also participated in it.

Startup Glad technologies Raised $ 3.1 million Outlander VC led by a pre-bees fund round, with the participation of the Draga U Venture, Antler, The Veterran Fund, M1C and Angel Investors.

Los Angeles -based Nevo The EV truck came out of the stealth last year with the ambitious goal of breaking the log of the truck. Navova has made considerable progress to attract investors – and k .3 Round 9.3 million seeds Under the leadership of the Lowercarbon. Floating Points and LMNT Ventures also joined the existing investors’ third sphere, stepchanges and ever lifted. Buzzy also invested Kasar Younis, the founder and CEO of the Self-Driving AI Company.

Run TechnologiesA startup that wants to deal with i-enable software for military supplies, Raising a $ 24 million PAX VC, Washington Harbor Partners, A 16 Z, Point 72 Ventures, XWZ Venture Capital and Forward VC’s participation in the series led by Human Capital.

On SwiftWhich has created a centimeter-right position for autonomy, robotics and logistics, Raise $ 50 million In a series e -finishing round led by Crosslink Capital. Existing investors also participated in the new investor Nights, Ulti Tademan Global, Grids Capital, Essentia Vanchers, Acentia Vanchers, Acentia Vanchers, including NEA, Elips Ventures, APIQ Capital Group, First Round Capital, Teleas Global Ventures and Potentum Partners.

Significant lessons and other TDBITS

Autonomous vehicle

Lift Will Add autonomous shuttle Austrian manufacturer made on its network by the Benteller group at the end of 2026. The shuttles will be deployed in part with US cities and airports.

Electric vehicle

Lucid Air owners will be able to charge their luxurious EV at thousands of Tesla Supercharger stations in North America about two years after Automakers arrive at an agreement. However there is one Significant warning: Lucid air vehicles will not be able to charge faster like Tesla vehicles.

Gig Economy

Uber Bringing it FeaturesWhich lets female drivers and riders match each other, in the United States. The feature will first roll out in Detroit, Los Angeles and San Francisco.

Last but not the least

One more note TeslaThe This newsletter will have no answer until we reach your inbox, but an important General service The hearing was held in California throughout the week. Risk: Tesla’s ability to sell cars in California.

TL; DR: The California Motor Vehicles Department It is arguing that Teslala should lose licenses in the state rather than demanding false advertising on its branded autopilot and full self-driving system.