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Tesla has reportedly moved away from its long-anticipated $25,000 electric vehicle (EV), often dubbed the Model 2, with the company now prioritizing more affordable versions of its Model 3 sedan and Model Y compact SUV. This strategic pivot, detailed in a Reuters report, has sparked internal debates among Tesla executives and raised questions about the…
Chinese electric vehicle (EV) manufacturers are accelerating past Tesla, posting record-breaking sales in May 2025, according to a recent Barron’s report. Companies like Li Auto, XPeng, and NIO delivered nearly 98,000 vehicles combined, a 50% surge compared to last year, signaling a shift in the global EV landscape as Tesla’s sales in China decline. Chinese…
The New Jersey Turnpike Authority (NJTA) has opted to replace Tesla’s 64 existing Supercharger stalls along the New Jersey Turnpike with a sole third-party charging provider, a decision that has stirred controversy among electric vehicle (EV) drivers. Announced on May 30, 2025, by Tesla Charging, this move aims to streamline charging operations but raises concerns…
Huawei Technologies Co., in collaboration with Anhui Jianghuai Automobile Group Corp. (JAC), has unveiled the Maextro S800, a luxury electric sedan priced at 1.02 million yuan ($141,637), targeting China’s high-end EV market. Announced in Shenzhen on May 30, 2025, this launch positions Huawei as a formidable competitor to established luxury brands like Mercedes-Benz and Bentley,…
Kimbal Musk, Tesla board member and younger brother of CEO Elon Musk, sold $31 million in Tesla stock on Tuesday, May 27, 2025, as part of a larger $199 million sell-off by Tesla insiders. The transactions, detailed in a recent Fortune article, occurred during a significant rally for the electric vehicle (EV) maker, spotlighting Kimbal’s…
Ford Executive Chair Bill Ford has raised concerns over a new GOP tax bill that could eliminate critical tax credits for electric vehicle (EV) battery production, potentially derailing a $3 billion investment in a Marshall, Michigan, factory. Speaking at a policy conference, Ford highlighted the risk to the plant, which is 60% complete and set…
Hyundai Motor Co. is set to raise the price of all its US vehicles, including electric models, by 1% as early as next week, a move aimed at cushioning the impact of tariffs imposed by President Donald Trump. The South Korean automaker’s decision, reported by Bloomberg, comes as the industry braces for increased costs, potentially…
On May 29, 2025, Vanguard Group announced a significant expansion of its “Investor Choice” proxy voting program, tripling the number of investors eligible to direct votes in their funds, as reported by Reuters. For Tesla, this could mean heightened pressure on CEO Elon Musk to refocus on the company amid growing ESG (environmental, social, and…
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