Tesla’s market value plummeted by $380 billion USD in 2025, marking the largest loss among top global companies and raising concerns for electric vehicle (EV) enthusiasts and industry professionals. This dramatic drop, driven by declining EV demand and Chief Executive…
President Donald Trump is parting ways with his Tesla Model S after a public falling out with Tesla CEO Elon Musk, a move that underscores tensions between the two influential figures and raises questions about the electric vehicle (EV) industry’s…
AESC, a Japanese battery manufacturer, has paused construction on its $1.6 billion factory in Florence, South Carolina, designed to supply batteries for BMW’s electric vehicles (EVs). The decision, stems from uncertainties in federal EV policies and potential tariff changes under…
A growing rift between U.S. President Donald Trump and Tesla CEO Elon Musk has sparked concerns for the electric vehicle (EV) industry, as the two clash over a tax-cut bill that could reshape federal spending and EV market dynamics. According…
Tesla is pushing to block the city of Austin, Texas, from releasing public records about its planned robotaxi launch, sparking a debate over transparency as the electric vehicle giant prepares to roll out self-driving taxis this month. According to Reuters,…
Chinese authorities have called on major electric vehicle (EV) manufacturers, including BYD, to halt aggressive price wars that are threatening the industry’s stability, according to a recent meeting in Beijing. Reported by Bloomberg the Ministry of Industry and Information Technology…
Today, Tesla’s stock plummeted 16% as a public feud between CEO Elon Musk and President Donald Trump intensified, threatening federal subsidies critical to the electric vehicle (EV) maker’s growth. The clash, fueled by Musk’s provocative claim about Trump’s ties to…
Tesla’s China-made electric vehicle (EV) sales fell 15% year-over-year in May 2025, marking the eighth consecutive month of decline, according to a recent Reuters report. The drop highlights the intense competition in China, the world’s largest auto market, where price…
Tesla’s dominance in China’s electric vehicle (EV) market is crumbling, with shipments from its Shanghai factory dropping 15% in May 2025 compared to the previous year, marking the eighth consecutive month of decline. According to a recent Bloomberg article, this…
UK new car sales rose in May 2025, with electric vehicles (EVs) leading the charge thanks to heavy discounts, according to Reuters. Total registrations climbed 1.6% year-over-year to 150,070 units, marking the best May performance since 2021. EV Discounts Fuel…
In May 2025, UK new car registrations rose by 1.6% to 150,000 units, with all-electric vehicles (EVs) making up 32,000 of those sales—a 25% jump from the same month last year. However, Tesla, a former EV market leader, saw its…
A recent Forbes report reveals growing discontent among Tesla’s major shareholders, with pension funds and state officials urging the electric vehicle (EV) giant’s board to replace CEO Elon Musk. A consumer sentiment survey highlights that 51% of EV-curious adults view…
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 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, 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 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…
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…
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…
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 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 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 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 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,…
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…
Huawei Technologies Co., in collaboration with Anhui Jianghuai Automobile Group Corp. (JAC), has unveiled the Maextro S800, a luxury electric sedan priced at 1.02 million yuan ($141,637), targeting China’s high-end EV market. Announced in Shenzhen on May 30, 2025, this…
Kimbal Musk, Tesla board member and younger brother of CEO Elon Musk, sold $31 million in Tesla stock on Tuesday, May 27, 2025, as part of a larger $199 million sell-off by Tesla insiders. The transactions, detailed in a recent…
Ford Executive Chair Bill Ford has raised concerns over a new GOP tax bill that could eliminate critical tax credits for electric vehicle (EV) battery production, potentially derailing a $3 billion investment in a Marshall, Michigan, factory. Speaking at a…
Hyundai Motor Co. is set to raise the price of all its US vehicles, including electric models, by 1% as early as next week, a move aimed at cushioning the impact of tariffs imposed by President Donald Trump. The South…
On May 29, 2025, Vanguard Group announced a significant expansion of its “Investor Choice” proxy voting program, tripling the number of investors eligible to direct votes in their funds, as reported by Reuters. For Tesla, this could mean heightened pressure…
Tesla is accelerating its push into autonomous driving, with CEO Elon Musk announcing that the company is testing driverless Model Y vehicles in Austin, Texas, aiming for deliveries by June 2025. This development signals a major step forward for Tesla’s…
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