NIO Slashes R&D Costs by 25% to Drive EV Break-Even in 2025
Chinese electric vehicle (EV) manufacturer NIO Inc. is making bold moves to achieve financial stability, announcing a significant reduction in research and development (R&D) spending as part of its strategy to reach break-even by the fourth quarter of 2025. The…
DHL Teams Up with Daimler Truck and hylane for Electric Truck Rental in Green Logistics Push
DHL announced a partnership with Daimler Truck and hylane GmbH to rent 30 electric Mercedes-Benz eActros 600 trucks for parcel transport in Germany, a move aimed at cutting CO₂ emissions in heavy freight. Reported by Reuters, this deal marks a…
Tesla Sales Drop in Spain and Portugal as Chinese EV Brands Surge
Tesla’s new car sales in Spain and Portugal took a significant hit in May 2025, dropping sharply from the same month in 2024, while other electric vehicle (EV) brands, particularly from China, saw impressive gains. According to industry data released…
ARK Invest Sells Tesla Shares Ahead of Robotaxi Launch in June 2025
ARK Investment Management, led by renowned investor Cathie Wood, has sold off a significant portion of its Tesla stock just weeks before the electric vehicle (EV) giant launches its much-anticipated robotaxi service in Austin, Texas. This move, detailed in a…
India Finalizes EV Policy, but Tesla Hesitates at Local Production Plans
India has rolled out its new electric vehicle (EV) policy aimed at attracting global automakers with reduced import taxes, but Tesla is showing reluctance to set up local manufacturing, a federal minister revealed. This development, reported by Reuters, could reshape…
Tesla’s Sales in Norway Surge 213% in May, Driven by Model Y Demand
Tesla’s electric vehicle (EV) sales in Norway skyrocketed by 213% year-on-year in May, reaching 2,600 vehicle registrations, according to registration data reported by Reuters. Fueled by the revamped Model Y compact SUV—Norway’s best-selling vehicle for three consecutive years—this surge underscores…
Tesla $25K EV Canceled? Focus Shifts Towards Affordable Model 3 & Y
Tesla has reportedly moved away from its long-anticipated $25,000 electric vehicle (EV), often dubbed the Model 2, with the company now prioritizing more affordable versions of its Model 3 sedan and Model Y compact SUV. This strategic pivot, detailed in…
Chinese EV Giants Outpace Tesla with Massive Sales Growth in May 2025
Chinese electric vehicle (EV) manufacturers are accelerating past Tesla, posting record-breaking sales in May 2025, according to a recent Barron’s report. Companies like Li Auto, XPeng, and NIO delivered nearly 98,000 vehicles combined, a 50% surge compared to last year,…
Drone Captures Tesla’s Affordable EV Prototype Testing at Fremont Track
A YouTuber recently flew a drone over Tesla’s Fremont test track, capturing footage of what appears to be a prototype for Tesla’s long-awaited affordable electric vehicle (EV). Shared by the account “Met God in Wilderness,” the video has sparked excitement…
Automakers Revive EREVs to Tackle the Future of Electric Driving
As electric vehicle (EV) adoption faces hurdles like range anxiety and charging infrastructure gaps, automakers are turning to extended-range electric vehicles (EREVs) to bridge the gap. A recent NBC News report highlights how EREVs, a type of plug-in hybrid, offer…
Tesla Cybertruck Surplus in Detroit Suburb Signals Market Challenges
A parking lot in Farmington Hills, a Detroit suburb, has become an unexpected storage site for dozens of unsold Tesla Cybertrucks, highlighting both local zoning issues and broader struggles in the electric vehicle (EV) market. The futuristic, stainless steel pickups,…
NJTA Replaces Tesla Superchargers with Third-Party Provider, Sparking EV Infrastructure Debate
The New Jersey Turnpike Authority (NJTA) has opted to replace Tesla’s 64 existing Supercharger stalls along the New Jersey Turnpike with a sole third-party charging provider, a decision that has stirred controversy among electric vehicle (EV) drivers. Announced on May…
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