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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 automakers are gaming their sales numbers by registering unsold electric vehicles to dealerships, who then dump them as discounted “used” cars that have never been driven. The practice has become so widespread that China’s Communist Party is now trying to stop it, revealing the deep structural rot in the world’s largest EV market built…
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…
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’s China sales collapsed to 26,006 vehicles in October 2024, marking a three-year low as the electric vehicle maker struggles with tepid demand in the world’s most competitive EV market. The 35.8% year-over-year decline represents a stunning reversal from September’s brief momentum, while Chinese rival Xiaomi posted record sales despite ongoing safety controversies. The October…
Ford Motor Company declined to provide any timeline for restarting production of the F-150 Lightning electric pickup truck, fueling speculation that the automaker may permanently discontinue its flagship EV amid mounting losses and weakening demand following the September 30 federal tax credit expiration. The non-answer arrives days after The Wall Street Journal reported that Ford…
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…
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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