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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…
Imagine shelling out for a sleek Porsche Taycan, only for tariffs to jack up prices – that’s the harsh reality hitting Mercedes and Porsche as they slash profit forecasts amid US trade blows and China’s cutthroat EV battles. Mercedes-Benz Group AG and Porsche AG have revised their annual profit expectations downward, highlighting the impact of…
Imagine ditching power windows for a sub-$20K electric pickup—sounds crazy, right? But Bezos-backed Slate Auto thinks it’s genius, especially with that $7,500 tax credit vanishing soon. Slate Auto, a Michigan-based startup backed by Amazon founder Jeff Bezos, is introducing a minimalist electric pickup truck priced under $20,000, but the impending expiration of a $7,500 federal…
Drama in the EV world: Volkswagen’s profits cratered 38% this half-year, as U.S. tariffs turn the green revolution into a red-ink mess. Volkswagen Group reported a sharp decline in profits for the second quarter and first half of 2025, even as vehicle deliveries rose, highlighting the challenges of transitioning to electric vehicles (EVs) while facing…
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…
Tesla dropped a bombshell: Model Y leases start at $399/month—EV dreams are now reality! Tesla has rolled out compelling lease offers for the 2025 Model Y, making the popular electric SUV more accessible to EV enthusiasts. With monthly payments starting at $399 and flexible down payment options, these nationwide deals, detailed on Tesla’s official website,…
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