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Tesla

UK Electric Vehicle Sales Climb in May 2025 Despite Tesla’s Sharp Decline

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 sales plummet by 36% to 2,000 vehicles, amid challenges with its next-generation Model Y, according…

Tesla Streamlines Model 3 Lineup, Offers Killer Lease Deal on Standard Range
Elon Musk

Pension Funds Demand Tesla Board Replace Elon Musk as CEO Amid Brand Concerns

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 Tesla more favorably if Musk were replaced, prompting calls for better governance to protect the…

Morgan Stanley Downgrades Lucid, Rivian to Sell, Warns of 'EV Winter' Into 2026
Lucid

Lucid Motors Slashes Prices with 2025 Air Models and New Incentives

Lucid Motors is making waves in the electric vehicle (EV) industry by rolling out attractive pricing and incentives for its 2025 Lucid Air lineup, as announced on their official website. With lease options starting as low as $519 per month and cash bonuses up to $10,000, the luxury EV maker is positioning itself as a…

Tesla

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 the company’s innovations in battery and autonomy could position it as a key player in…

Hyundai

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 Hyundai Motor sold its full 2.47% stake in Ola Electric at .59 USD (50.70 rupees)…

Volvo

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 the EV industry as economic and regulatory pressures mount. Electric Vehicle Sales Take a Hit…

Germany

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 companies to deduct 75% of EV purchase taxes in the year of acquisition, is seen…

Tesla

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 down at JFK with the iconic Lower Manhattan skyline in the background, marking a significant…

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