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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 Fortune article, occurred during a significant rally for the electric vehicle (EV) maker, spotlighting Kimbal’s…
On May 30, 2025, Tesla and its CEO Elon Musk publicly criticized a Republican megabill that aims to eliminate clean energy tax credits, a move that could disrupt the electric vehicle (EV) and solar industries. The House-passed reconciliation package, which would end residential solar credits and EV incentives by the end of the year, has…
In a surprising turn at the White House, President Donald J. Trump announced that Elon Musk will step away from his role in the Department of Government Efficiency (DOGE) during a press conference scheduled for May 30, 2025, at 1:30 P.M. EST. The statement, shared via a post on Truth Social from Trump’s verified account,…
Tesla’s electric vehicle (EV) sales in Europe took a significant hit in April 2025, with new-car registrations dropping nearly 53% to 5,475 vehicles, according to the European Automobile Manufacturers’ Association (ACEA). This marks the fourth consecutive month of decline for the EV giant, as Chinese competitors like BYD gain ground in the rapidly growing European…
A proposed budget from House Republicans could end the $7,500 federal tax credit for electric vehicles (EVs), a move that may stall EV adoption and hit automakers like General Motors (GM) and Ford hardest, while Tesla stands to gain. The proposal, aimed at reducing federal spending, could reshape the EV market just as legacy automakers…
Tesla is experiencing a surge in interest for its electric vehicles, with some U.S. stores reporting record test drive signups for the new 48-hour demo option. According to a recent update from EV enthusiast Sawyer Merritt, the extended test drives for the Model Y and Model 3 have attracted significant attention, with bookings stretching over…
On May 22, 2025, the U.S. House passed H.R. 1, the “One Big Beautiful Bill Act,” introducing a tax deduction of up to $10,000 annually on auto loan interest for vehicles assembled in the U.S., including electric vehicles (EVs) like those produced by Tesla, the leading manufacturer of American-made cars. This legislation, which passed with…
China’s electric vehicle (EV) market is facing unprecedented price cuts, with discounts reaching a record 16.8% in April, up from 16.5% in March, according to a recent Carscoops report. This intensifying price war, driven by fierce competition among nearly 50 active EV makers in China, is putting immense pressure on profitability, with only three manufacturers—BYD,…
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