Could Tesla’s EV Expertise Spark a Drone Revolution? Morgan Stanley Thinks So
Morgan Stanley has reportedly proposed that Tesla, a leader in electric vehicles, could extend its technological prowess into drone manufacturing, potentially reshaping both industries. While Tesla has not confirmed any plans to enter the drone sector, the investment bank believes…
Hyundai and Kia Slash Stakes in Ola Electric Amid $80 Million Share Sale
Hyundai Motor has exited its entire stake in Ola Electric, while Kia reduced its holding in a $80 million share sale, as the Indian electric vehicle (EV) maker faces mounting challenges, as reported by Reuters. Hyundai and Kia’s Exit Strategy…
Volvo Cars Reports 12% Sales Drop Amid EV Market Challenges
Volvo Cars, a leader in the electric vehicle (EV) sector, saw a 12% decline in global sales for May 2025, totaling 59,822 vehicles compared to the previous year, according to a Reuters report. This downturn highlights the broader struggles within…
Germany’s EV Tax Break Falls Short, Auto Lobby Warns: A Push for Stronger Incentives
Germany’s latest proposal to encourage businesses to adopt electric vehicles (EVs) through a tax break has been met with skepticism by the auto industry, potentially slowing the transition to cleaner transportation. According to a Bloomberg report, the plan, which allows…
Beta Technologies Makes History with First All-Electric Aircraft Landing at JFK Airport
Today, Beta Technologies achieved a groundbreaking milestone by conducting the first all-electric aircraft landing at John F. Kennedy International Airport (JFK) in New York City. The Vermont-based company’s ALIA aircraft, a sleek electric vertical takeoff and landing (eVTOL) model, touched…
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…
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