Software update
European Automakers and Suppliers Unite to Build Open-Source Software Platform for EVs
Volkswagen, BMW, Mercedes-Benz, and eight technology suppliers, signed a memorandum to develop a shared automotive software platform
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Tesla
Cargo Ship Sinking Sparks $560M Loss for EV Industry
On June 3, 2025, the Morning Midas caught fire and sank 20 days later, costing the EV industry an estimated $560 million. The ship carried 750 EVs
Tesla
Auto Retailers Urge Senate to Preserve EV Tax Credits Amid Budget Talks
Auto retailers, including giants like CarMax and Carvana, are pressing the Senate to maintain electric vehicle (EV) tax credits in the upcoming budget bill, warning that their abrupt removal could destabilize dealerships heavily invested in EV infrastructure. A June 26 letter from retailers highlights the economic risks of slashing incentives critical to EV adoption, according…
Roadster
Tesla’s 15-Year IPO Anniversary: From Roadster to $1 Trillion Valuation
On June 29, 2010, Tesla debuted on the Nasdaq with its electric Roadster, a two-seat sportscar offering a 236-mile range, marking the start of a transformative journey. Fifteen years later, Tesla’s stock has surged nearly 300-fold, turning a $10,000 investment into nearly $3 million, while the company’s market cap now exceeds $1 trillion, making it…
Mercedes-Benz
Nancy Mace Urges Trump to Release $285M for Mercedes-Benz EV Plant in South Carolina
In a move highlighting the tension between Republican fiscal priorities and local economic benefits, Rep. Nancy Mace (R-South Carolina) has privately urged the Trump administration to release $285 million in federal funding for a Mercedes-Benz Vans plant northwest of Charleston to shift to electric vehicle (EV) production. The funds, part of a $1.8 billion grant…
VinFast
VinFast Launches Second Vietnam EV Factory to Boost Affordable Urban Models
On June 29, 2025, Vietnamese electric vehicle (EV) manufacturer VinFast began production at its new Ha Tinh factory, a strategic move to scale up output of affordable mini urban models amid global expansion challenges. The facility, spanning 90 acres, aims to produce 200,000 vehicles annually, complementing the company’s flagship Haiphong plant, which targets 950,000 units…
Tesla
Tesla Braces for 10% Q2 2025 Delivery Dip Amid Musk Controversy
Tesla is poised to report a 10% year-over-year drop in second-quarter vehicle deliveries, with analysts projecting around 400,000 units by June 2025, down from 440,000 last year, according to Visible Alpha estimates. The electric vehicle (EV) leader faces headwinds from consumer pushback against CEO Elon Musk’s political ties, but analysts reportedly hint at a potential…
Supercharger network
Tesla Supercharger Network Opens to GM and Ford EVs, Transforming Road Trips
In a game-changer for electric vehicle (EV) drivers, Tesla’s expansive Supercharger network is now accessible to GM and Ford EVs, offering unmatched reliability and convenience. At a sprawling 76-stall Tesla Supercharger site at Tejon Outlets in Southern California, a recent observation revealed a Honda Prologue, Ford Mustang Mach-E, and GMC Sierra Denali EV charging alongside…
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