Tesla’s sales freefall in Europe continues. The American automaker’s sales declined by 40% in July, while BYD’s increased by 225%. The European Automobile Manufacturers Association (ACEA) released automotive sales numbers for July today, and it confirmed that battery-electric vehicle sales rose 39.1%, exceeding the growth rate of ICE vehicles. Generally, rising EV sales would be suitable for an EV leader …
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Tesla’s EU Sales Fall 42% in July Amid Rising Competition From BYD
KEY TAKEAWAYS Tesla’s sales in the European Union tumbled in July for a seventh consecutive month, while those of Chinese rival BYD’s soared. According to the European Automobile Manufacturers’ Association, Tesla’s EU new car registrations, which serve as a proxy for sales, plunged 42.4% year-over-year, while those of BYD’s soared 206%. Tesla shares, which entered Thursday down 13% this year, …
Read More »Tesla’s answer to Cybertruck’s falling sales? Make it $15k more expensive
As Cybertruck sales fall, Tesla raised the price of its top-end “Cyberbeast” model by $15k today, bundling some additional software and perks to go along with it. The top-end trim now costs $45k more than its original announced price. Tesla has been having a rough time in sales lately, owing primarily to its bad CEO, Elon Musk. Sales are down …
Read More »Tesla’s (TSLA) Autopilot in Hot Seat as NHTSA Probes Crash Reporting Delays
Tesla (TSLA) is under fresh regulatory scrutiny. The National Highway Traffic Safety Administration (NHTSA) has launched a probe into the EV giant’s delayed reporting of crashes involving its Autopilot and full self-driving (FSD) systems. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest …
Read More »Tesla’s six-seat Model Y variant may not be launched in US
(Reuters) -Tesla (TSLA) CEO Elon Musk said the company’s new six-seat Model Y variant, launched in China this week, might never enter production in the United States, citing the rise of self-driving vehicles. The Model Y L, built at Tesla’s Shanghai factory, features a longer wheelbase and three rows of seats, and is priced at around $47,200. It went on …
Read More »Tesla’s new longer ‘Model YL’ with 6 seats spotted ahead of launch
Tesla is teasing its new longer ‘Model Y L’ with six seats as “coming soon,” just as it has been spotted for the first time. For the last few months, we have known that Tesla is preparing to launch a new variant of the Model Y with 6 seats. Before the Model Y refresh earlier this year, Tesla was offering …
Read More »Tesla’s graphics are about to get Unreal
Tesla’s in-car visualizations for features like Autopilot and Full Self-Driving might be getting an upgrade with a switch to Epic Games’ Unreal Engine. As reported by Not a Tesla App, Tesla hacker greentheonly says they found evidence of the change in Tesla’s 2025.20 firmware for Tesla Model S and Model X cars with AMD chips. Unreal Engine is perhaps best …
Read More »Tesla’s Cybertruck Is Suddenly Sold Out (Sort Of)
After months of being a commercial disaster, something curious is happening with the Tesla Cybertruck. For the first time since its troubled launch, Elon Musk’s futuristic pickup is showing signs of life. The wait time for the Cybertruck’s cheapest model has suddenly stretched to over a month, suggesting a spike in demand for a vehicle that, until now, almost no …
Read More »Tesla’s Dojo supercomputer looks dead as more execs leave for competing startup
Tesla’s Dojo supercomputer project is reportedly over. Bloomberg reports that CEO Elon Musk is killing the project after a mass exodus of talent from the Dojo team to a competing startup. Dojo was the name of Tesla’s in-house AI chip development to create supercomputers to train its AI models for self-driving. Tesla hired a bunch of top chip architects and …
Read More »Rivian Stock Drops After Earnings. Tesla’s Not the Only One Having Trouble Selling EVs. – Barron's
Rivian Stock Drops After Earnings. Tesla’s Not the Only One Having Trouble Selling EVs. Barron’s Rivian reports mixed Q2 results, widens 2025 loss projection as tariffs and loss of EV tax credit bite Yahoo Finance Rivian, Lucid warn of bumpy road ahead as policy changes hurt Reuters Rivian Sees Results Hurt by Scrapped EV Tax Credit; Lucid Cuts Production Forecast The Wall Street Journal …
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