TechCrunch Mobility: Tesla vs GM: Two Revenue Stories

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The results of the polls are in (from last week’s edition) and it’s clear what you want: Capital A’s analysis. It also requires a scoop, a little rounding of news, and a deal, but I’m looking for analysis far away. I’ve always sprinkled my thoughts and insights throughout the newsletter, but over the next few weeks and months you’ll see me pushing further into analysis.

In that memo, a revenue season was on top of us, and two people stood out to me: GM and Tesla. Both companies face pressure from tariffs. GM also sells gas-powered vehicles, both of which are looking to sell EVs in slow-growing markets, facing the future without the incentives of EVs.

The plans for GM and Tesla to navigate this (or at least they’re signaling) are completely different.

GM saw tariffs take a billion dollar sip from the second quarter line, but the EV is still considered a “North Star.” And while GM certainly kicks out Tesla in today’s EV sales, there is a bigger combination of EV models to attract customers. And Chevrolet is currently the second EV brand in the US.

GM also touted $4 billion in postponed revenue from its advanced driver assistance system Super Cruise, while OnStar and other software services are recognized over time, but the big theme of the call was “flexibility.”

Chairman and CEO Mary Bala and CFO Paul Jacobson He spoke the word “flexibility” nine times during his second quarter revenue call. What flexibility means is that we can set up factories that allow easy assembly of EVs and ICE vehicles, and we can change the mix based on demand.

Meanwhile, Tesla is betting heavily on “future” and “real AI” for CEO Elon Musk, which means autonomy and AI, or is called “real world AI.”

The majority of Tesla’s revenue (approximately 74%) still comes from car sales, Q2 results This shows a 16% decrease in automobile revenue from the previous year. However, when he hears the Q2 call, it is clear that Elon Musk is not interested in Tesla being a car company. (He admitted that what the highly anticipated breakthrough cheap model Tesla is working on is actually a stripped version of Model Y.)

Musk wants to manufacture and sell Optimus robots and deploy self-driving vehicles. The problem is that these products, or future products, are not generating profits today, not to mention revenue.

Yes, Tesla brings revenue from an advanced driver assistance system known as supervised, fully automated driving. (This requires the involvement of human drivers, not autonomous vehicles.) And yes, the company charges Robotaxi vehicles in South Austin, not large or beneficial.

Musk admitted there have been some rough quarters, but he still believes this is where Tesla’s profits come from.

I think this transition will take much longer than masks publicly share. (Just today, the information reported that the company was far behind. Optimus Robot Production Target. ) And it appears that the company feels pressure to take action. For example, Tesla is reportedly bringing a limited version of it Robotaxi Services to San Francisco I don’t have the necessary permissions technically, but this weekend. (What do you think is a workaround for Tesla?)

Meanwhile, Tesla is under regulatory and legal pressures that could further undermine efforts to restart sales, and could even threaten future plans regarding FSD.

Little bird

Any tips for us? Email Kirsten Korosec kirsten.korosec@techcrunch.com Or, my signal on Kkorosec.07, Sean Okane sean.okane@techcrunch.comOr at Rebecca Veran rebecca.bellan@techcrunch.com.

Great deal!

Just a few of this week’s deals!

Bosch Venture I was led 21 million dollar series b investment 4 Screensa Munich-based company that connects automakers, brands and drivers via native vehicle displays.

Block skiingCorporate Travel Infrastructure Company, raised $15.8 million In a round led by Block Change. United Airlines Ventures, Lightspeed Faction, Lasagna, Litquisity Ventures, Longbrook Ventures, KSV Global and TFJ Capital also participated.

Start it GlīdTechnologies raised $3.1 million In a pre-seed fundraising round led by Outlander VC with participation from Draper U Ventures, Antler, Veteran Fund, M1C and Angel Investors.

Based in Los Angeles Nevoya Last year, it came out of stealth with an ambitious goal of defeating Logjam for EV truck adoption. Nevoya has made its goals well ahead to attract investors – and $9.3 million seed round Leading it by low carbon. Floating Points and LMNT Ventures joined together with existing investors’ third-party, stepchange and Never Lift. Qasar Younis, founder and CEO of Buzzy Selfunving AI Company, also invested in Intuition.

Rune Technologystartups who want to work on AI-enabled software for military logistics, raised $24 million A series A round led by human capital with participation from Pax VC, Washington Harbor Partners, A16Z, Point72 Ventures, XYZ Venture Capital and Forward Deployed VC.

Quick navigationDeveloped centimeter aggressive positioning for vehicle autonomy, robotics, logistics, raised $50 million Series E Finance Round led by Crosslink Capital. Existing investors NEA, Eclipse Ventures, EPIQ Capital Group, First Round Capital, Telus Global Ventures, and Potentum Partners, as well as new investors Niterra Ventures, Alti Tiedemann Global, Grids Capital, Essentia Ventures, Shea Ventures and Enertech Capital.

Notable readings and other information

Self-driving cars

lyft Intention Add an autonomous shuttle It was created in the network in late 2026 by Austrian manufacturer Benteler Group. Shuttles will be deployed in cooperation with US cities and airports.

Electric car

clarity Airline owners will be able to charge their luxurious EVs at thousands of Tesla Supercharger Stations in North America from July 31st, almost two years after the automaker reached an agreement. But there is Notable warnings: A clear aircraft cannot charge as fast as Tesla vehicles.

Gig economy

Uber It brings it Women’s preferencesfemale drivers and riders can match each other, the US. This feature will first be rolled out in Detroit, Los Angeles and San Francisco.

Last but not least, it’s important

Another note Tesla. By the time this newsletter reaches your inbox, there is no answer, but it is important General services in the department Hearing was conducted throughout the week in California. At risk: Tesla’s ability to sell cars in California.

tl;dr:the California Department of Automobiles Tesla has argued that they should lose their license to sell vehicles in the state over false advertising claims regarding branded autopilots and advanced driver assistance systems with fully autonomous driving.