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On May 8, 2025, the U.S. announced a significant reduction in tariffs on UK-made cars, including electric vehicles (EVs), dropping the rate from 27.5% to 10%. This decision, part of a broader economic deal with the UK, also eliminates tariffs on steel and aluminum, setting them to 0%. For EV enthusiasts and industry professionals, this…
Chinese electric vehicle (EV) giant BYD is setting its sights on global expansion, aiming for half of its sales to come from outside China by 2030, according to a recent report from CNEVPost. The company plans to drive growth primarily through Europe and Latin America, positioning itself to compete with the world’s largest automakers. BYD’s…
Tesla’s Model Y deliveries in Australia hit a record low of 280 units in April 2025, down 76% year-on-year, marking the brand’s weakest month in nearly three years, according to Drive. The updated 2025 Model Y, codenamed Juniper, launched in May, sparking renewed interest with a record week of test drives and near-sold-out Launch Series…
Tesla (TSLA) has hit a roadblock in its long-planned entry into India, with the departure of its India chief, Prashanth Menon, just as the electric vehicle (EV) giant prepares to launch in the world’s third-largest car market. According to a Bloomberg report published on May 8, 2025, Menon’s exit leaves Tesla’s China team to oversee…
Lehigh County, Pennsylvania, has become the first known U.S. pension fund to stop buying new Tesla stock, citing concerns over CEO Elon Musk’s political activities and the company’s declining financial performance. According to a Business Insider report, the county’s pension board, which manages $500 million in assets, voted 4-2 on May 6, 2025, to pause…
Matthew LaBrot, a Tesla sales employee, was terminated on April 25, 2025, just one day after launching a website protesting CEO Elon Musk’s leadership, according to a Business Insider report. LaBrot’s dismissal highlights Tesla’s ongoing struggles with employee dissent and a declining brand image amid Musk’s controversial political involvement, which has sparked protests and a…
On May 7, 2025, Tesla announced a significant perk for Cybertruck owners, offering a free 1-year trial of Full Self-Driving (FSD) Supervised, as shared by Sawyer Merritt on X. This move highlights Tesla’s push to advance autonomous driving technology in its electric vehicles (EVs), particularly for early adopters of the rugged Cybertruck. Technology Updates: FSD…
Legendary investor Bill Miller recently shared his insights on the electric vehicle (EV) market, stating that Tesla’s current valuation doesn’t justify its price while praising BYD’s advancements in self-driving technology. In a MarketWatch report, Miller, known for beating the S&P 500 for 15 consecutive years, highlighted why he’s cautious about Tesla and optimistic about competitors…
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