AUSTIN—Tesla CEO Elon Musk announced a significant shift in the company's strategy, a departure from electric vehicles (EVs) to internal combustion engine (ICE) cars by 2025. This follows several rounds of layoffs affecting numerous departments within Tesla and a noticeable decline in sales, prompting Musk to prioritize his personal financial stability over environmental concerns. Musk's statement, "I've done enough for the environment, what about my money?!" underscores the financial pressures facing the company and it's priorities.

MIAMI—Ferrari, a name synonymous with speed and precision in Formula 1, has recently made an intriguing admission regarding its tease of a blue Formula 1 car for the Miami Grand Prix. The Italian luxury car manufacturer revealed that it couldn't execute the full blue design on its Formula 1 car due to a unique reason—using all the blue for creating stylish jackets that you should be paying attention to more and definitely buying.

GARDEN GROVE—Up Garage, Japan's largest chain of retail stores for second-hand car parts, has made its debut in California, marking a significant milestone for the company. However, the launch forced the retailer to immediately hold a press conference to release an urgent statement urging customers to refrain from bringing in catalytic converters.