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The International Energy Agency has dramatically reversed its stance on peak oil demand, reinstating a scenario where global consumption continues growing through 2050—a stunning pivot driven primarily by slower-than-expected electric vehicle adoption worldwide. The Paris-based IEA released its World Energy Outlook 2025 on Wednesday, reintroducing a “Current Policies Scenario” that forecasts oil d
Chinese-owned electric vehicle maker Polestar announced a reverse stock split on Wednesday as the struggling automaker fights to maintain its Nasdaq listing while reporting a widening third-quarter net loss of $365 million—up from $323 million in the same period last year. The financial engineering maneuver comes as the Geely-backed EV maker faces a perfect storm…
Volkswagen has unveiled the ID. Unyx 08, a China-exclusive electric SUV that looks nothing like a traditional Volkswagen—and that’s exactly the point. The five-meter electric SUV, co-developed with Chinese EV maker Xpeng, represents the German automaker’s acknowledgment that it can’t beat Chinese competitors at their own game, so it’s joining them instead. The production version…
Tesla is ramping up hiring for its $200 million Megapack battery factory in Brookshire, Texas, just outside Houston, with 41 positions currently posted and a job fair scheduled for the week of November 10, 2025. The facility represents Tesla’s aggressive push into utility-scale energy storage at a time when its automotive division faces mounting challenges…
Tesla lost two of its most critical vehicle program managers on the same day, with Model Y chief Emmanuel Lamacchia and Cybertruck lead Siddhant Awasthi both announcing their departures Sunday. The double exit marks the final collapse of Tesla’s vehicle program leadership structure—a team that once successfully launched the world’s best-selling car and the company’s…
Bentley CEO Frank-Steffen Walliser has publicly acknowledged that electric vehicle acceptance has hit an “all-time low” while announcing the luxury automaker’s next new model will be a petrol-powered Supersports performance car—not the EV the company promised just three years ago. The admission comes in a rare interview with The Sunday Times published November 8, marking…
The Carl Junction Police Department in Missouri has added two Tesla Model Y electric vehicles to its fleet, testing whether EVs remain cost-effective for law enforcement in the post-subsidy era. KSNF in Joplin reports that one Model Y has been assigned to the detective division while the other serves patrol duty, with officers documenting significant…
Tesla shareholders voted Thursday to approve CEO Elon Musk’s unprecedented $1 trillion compensation package, potentially making him the world’s first trillionaire—despite collapsing European sales, mounting brand damage from political controversies, and serious questions about whether the world’s largest executive pay package will solve any of Tesla’s actual business problems. The vote passed with
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