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Tesla, once a leader in the electric vehicle (EV) industry, is grappling with a severe challenge as over 10,000 Cybertrucks sit unsold across the U.S., costing the company an estimated $800 million. According to a recent Forbes report, this inventory backlog, combined with sharp declines in Tesla sales worldwide, signals a potential turning point for…
In a surprising turn for California’s electric vehicle (EV) market, Tesla sales plummeted 21% in the first quarter of 2025 compared to the same period in 2024, while other EV brands saw a 14% rise, according to the California Energy Commission. This shift has led to a 3% year-over-year decline in overall zero-emission vehicle sales,…
Electric vehicle (EV) owners may soon turn their cars into income sources while they rest, thanks to a new initiative by ChargeScape. This joint venture, backed by BMW, Ford, Honda, and Nissan, is revolutionizing how EVs interact with the power grid, offering financial incentives and grid stability. Reported by Axios, this development highlights a growing…
Tesla has introduced a new initiative offering a $1,000 discount on any new electric vehicle (EV) for verified students, teachers, first responders, military veterans, retirees, active-duty members, their spouses, and surviving spouses. This program, dubbed “Made in America for Everyday Heroes,” expands Tesla’s previous military-only discount to honor a broader group of American heroes with…
On May 16, 2025, Tesla announced the addition of Chipotle executive Jack Hartung to its board of directors and audit committee, effective June, expanding the board to nine members. This move, reported by Reuters, strengthens Tesla’s financial governance as the electric vehicle (EV) maker navigates leadership transitions and compensation reviews. Strategic Board Expansion Hartung, retiring…
In a surprising shift, Tesla has ended its controversial no-buyout lease policy, originally designed to reclaim vehicles for its planned robotaxi fleet, and instead sold the cars to new buyers. This move, reported by Reuters, marks a significant pivot for the electric vehicle giant, raising questions about its autonomous driving ambitions and customer trust. A…
A recent drone flyover at Tesla’s Giga Texas facility has sparked intrigue among electric vehicle (EV) enthusiasts, capturing footage of two mysterious covered Tesla vehicles undergoing road tests. Shared on social media by longtime Giga Texas observer Joe Tegtmeyer, the video offers a rare glimpse into Tesla’s ongoing development efforts as the company ramps up…
J.P. Morgan Chase increased its stake in Tesla by 9.5% (or 3.43 million shares) in the first quarter of 2025, according to its latest 13F filing with the SEC. The asset manager held 39,415,548 shares in Tesla as of March 31, 2025, a position worth approximately $13.7 billion. This move underscores J.P. Morgan’s continued confidence…
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