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Tesla vehicles had more problems than last year

But at least it’s not Dodge.

Rani Molla

Typically, electric vehicles — likely owing in part to their new tech — have more problems than gas-powered cars. But while Tesla had performed better than the electric cars produced by traditional manufacturers, its quality this year has gotten worse, so now Teslas and EVs from traditional companies are performing equally poorly.

This year Tesla had 266 problems per 100 vehicles, according to J.D. Power’s 2024 Initial Quality Study, released this week. That’s up from 242 per 100 last year. The consumer data company blames Tesla’s decline on the removal of traditional controls like turn signals and wiper stalks, which have aggravated consumers.

The study average was 195.

“Owners of cutting edge, tech-filled BEVs and PHEVs are experiencing problems that are of a severity level high enough for them to take their new vehicle into the dealership at a rate three times higher than that of gas-powered vehicle owners,” Frank Hanley, senior director of auto benchmarking at J.D. Power, said in a statement.

Tesla has issued eight recalls already this year, according to National Highway Traffic Safety Administration data, including four for its Cybertruck.

But hey, at least it’s not Dodge. The Stellantis brand was at the bottom of the list with more than 300 problems per hundred vehicles (Stellantis’ truck brand Ram was at the top, with just 149 problems per 100).

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Report: OpenAI won’t pay a dime in cash for its 3-year licensing deal for Disney IP

More financial details behind the landmark deal that will grant OpenAI three years of access to Disney intellectual property are coming out, and they’re pretty surprising.

The deal will reportedly see OpenAI pay zero dollars in licensing fees, instead compensating Disney in stock warrants. It was previously reported that Disney would invest $1 billion into OpenAI as part of the agreement.

It’s very abnormal for Disney to grant anyone access to its massive IP library without a cash payment, and the entertainment juggernaut has been known to strike down even crocheted Etsy Yodas for infringing on its turf. In its fiscal year 2025, Disney booked more than $10 billion in revenue from licensing fees across merchandising, television, and theatrical distribution.

It’s very abnormal for Disney to grant anyone access to its massive IP library without a cash payment, and the entertainment juggernaut has been known to strike down even crocheted Etsy Yodas for infringing on its turf. In its fiscal year 2025, Disney booked more than $10 billion in revenue from licensing fees across merchandising, television, and theatrical distribution.

business

Ford says it will take $19.5 billion in charges in a massive EV write-down

The EV business has marked a long stretch of losing for Ford, and today the automaker announced it will take $19.5 billion in charges tied, for the most part, to its EV division.

Ford said it’s launching a battery energy storage business, leveraging battery plants in Kentucky and Michigan to “provide solutions for energy infrastructure and growing data center demand.”

According to Ford, the changes will drive Ford’s electrified division to profitability by 2029. The company will stop making its electric F-150, the Lightning, and instead shift to an “extended-range electric vehicle” that includes a gas-powered generator.

The Detroit automaker also raised its adjusted earnings before interest and taxes outlook to “about $7 billion” from a range of $6 billion to $6.5 billion.

Ford’s write-down is one of the largest taken by a company as legacy automakers scale back on EVs, giving EV-only automakers a market share boost.

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