Wedbush Analyst Raises Tesla Price Target to $500, Cites Autonomous Driving Boom
Wedbush analyst Dan Ives boosted Tesla’s price target from $350 to $500, spotlighting the electric vehicle giant’s leadership in autonomous driving technology as a key driver for growth. In an interview with Bloomberg, Ives shared his bullish outlook, emphasizing Tesla’s…
Tesla Sees Record Test Drive Signups for 48-Hour Model Y and Model 3 Demos Across U.S.
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…
Volvo Cars CEO Warns of Rising Tariffs Impacting Affordable EVs in the U.S.
Volvo Cars’ CEO, Hakan Samuelsson, has raised concerns over looming tariffs that could significantly increase costs for electric vehicle (EV) buyers in the United States. In a recent statement, Samuelsson highlighted the challenges of maintaining affordability for models like the…
New U.S. Tax Bill Offers Auto Loan Interest Deduction for American-Made EVs, Boosting Tesla Owners
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…
China’s EV Price War Hits Record Discounts, Threatens Smaller Automakers
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…
Tesla Launches 48-Hour Test Drives for Cybertruck, Model S/3/Y in the U.S.
Tesla has introduced an extended 48-hour test drive program for its Cybertruck, Model S, Model 3, and Model Y, marking a first for U.S. customers. Announced by automotive enthusiast Sawyer Merritt, this initiative allows anyone in the U.S. to book…
Elon Musk’s Political Ties Spark Tesla Brand Crisis, Expert Warns
A prominent U.S. marketing professor, Scott Galloway, labeled Elon Musk’s involvement with the Trump administration’s Department of Government Efficiency (Doge) as “one of the greatest brand destructions” ever, citing its impact on Tesla’s core demographic. Speaking on the Pivot podcast,…
Xiaomi Unveils YU7 Electric SUV to Rival Tesla Model Y with Impressive Range and Power
On May 24, 2025, Xiaomi, the tech giant known for its smartphones, revealed its latest electric vehicle, the YU7—an electric SUV designed to compete directly with the Tesla Model Y. Boasting a sleek design reminiscent of the Ferrari Purosangue and…
Ex-Tesla Engineer Kurt Kelty Drives GM’s Push for Affordable Family EVs
General Motors (GM) is making a bold move to dominate the electric vehicle (EV) market by hiring Kurt Kelty, a former Tesla battery expert, to lead its charge toward affordable family cars. With Kelty’s 11 years of experience at Tesla,…
House Bill Threatens EV Growth by Slashing Subsidies, Raising Costs
A recent House-passed tax bill could reshape the electric vehicle (EV) landscape in the U.S., eliminating key subsidies that have fueled adoption and manufacturing. Reported by The New York Times, the legislation, if enacted, would raise EV prices, slow sales,…
Xiaomi’s YU7 Electric SUV Challenges Tesla in China with High-Tech Features
On Thursday, Xiaomi unveiled its second electric vehicle, the YU7, positioning itself as a formidable rival to Tesla in China’s competitive EV market. Launched at an event in Beijing, this luxury high-performance SUV boasts advanced technology and impressive specs, aiming…
Subaru Accelerates EV Push in Europe with New Models and Toyota Partnership
Subaru is doubling down on its electric vehicle (EV) strategy in Europe, aiming to navigate the challenges of electrification while staying true to its rugged, all-wheel-drive heritage. According to a recent Autocar interview with Subaru Europe boss David Dello Stritto,…
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