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Tesla registrations tumbled in several European countries in July, even after the company introduced a refreshed Model Y, as CEO Elon Musk’s political stance, stricter regulations, and intensifying competition weigh on demand. This downturn highlights broader challenges for the electric vehicle giant in a market shifting toward affordable rivals, reports Reuters. Sharp Declines in Major…
Picture this: Your next Dallas commute in a silent, self-driving Jaguar EV. Waymo’s partnership-fueled launch next year promises just that, challenging Tesla’s bold moves. Waymo, Alphabet’s autonomous vehicle unit, announced plans to introduce its driverless ride-hailing service in Dallas next year, marking a key step in its accelerated U.S. expansion while electric vehicle giant Tesla…
Tesla’s EV Sales in California Plunge for Seventh Straight Quarter Amid Growing Challenges Tesla Inc. saw its new vehicle registrations in California drop sharply last quarter, marking the seventh consecutive decline in the nation’s largest electric vehicle market. This downturn, with 41,138 registrations representing a 21% year-over-year fall, outpaced the 13% dip in overall zero-emission…
Elon Musk just promised robotaxis for half the US by year’s end, but California’s regulators aren’t buying it—here’s what EV owners need to know. Tesla CEO Elon Musk outlined ambitious plans for robotaxi deployment during the company’s recent earnings call, but significant regulatory obstacles and falling electric vehicle sales cast doubt on the timeline. This…
Tesla released its Q2 2025 earnings on July 23, reporting adjusted earnings of 40 cents per share, just below the average analyst estimate, alongside revenue of $22.5 billion that fell 12% year-over-year, marking the sharpest decline in at least a decade. Gross margin came in higher than anticipated. Updated as of 16:56 EST The company…
As electric vehicle sales falter, major battery manufacturers are shifting focus to a booming market in large-scale energy storage systems, offering a potential buffer against losses in the automotive sector. This strategic pivot helps utilize underused factories and taps into rising demand from utilities and data centers, according to a recent analysis from the WSJ.…
Tesla has appointed Raj Jegannathan, a senior information technology executive, to oversee its North American sales team as the electric vehicle company confronts declining demand in key markets, according to Investing.com. This move follows the recent departure of longtime sales leader Troy Jones and highlights Tesla’s efforts to navigate a tough sales environment. Details of…
Tesla’s vice president of sales, service, and delivery in North America, Troy Jones, has left the company after 15 years, according to a Wall Street Journal report cited by Reuters. This development adds to a series of high-level exits at the electric vehicle manufacturer, occurring as it faces declining sales in key markets. Recent Wave…
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