Tesla’s US sales were down 5% this year, while all EV sales rose 17%
When Bloomberg asked CEO Elon Musk last week about declining sales in Europe , he responded, “Europe is our weakest market. We’re strong everywhere else.” That wasn’t exactly true then and it’s not t...
Tesla’s European sales are back where they were in 2022
sales in Europe were down nearly 40% in the first four months of 2025 compared with a year earlier, according to new registration data from the European Automobile Manufacturers’ Association. From Jan...
Stellantis and other European automakers fall on yet another US tariff threat
President Trump’s latest tariff target has European auto stocks, including Jeep maker , , and , hitting the breaks. In a Friday morning Truth Social post, Trump threatened to slap the EU with a fresh ...
Ives raises Tesla price target to $500 and declares the “golden age of autonomous growth”
After a temporary detour , Tesla’s biggest bull is back to being bullish. Wedbush Securities analyst Dan Ives today raised the firm’s price target for to $500 from $350, saying that the launch of Tes...
Nike plans price hikes to cope with tariffs, ease margin squeeze
shares are outperforming a flat market in early trading on Thursday after news broke that it plans to push price hikes into effect by June 1. The company has had a rough run . It’s down more than 50% ...
BYD sold more EVs in Europe than Tesla for the first time ever
Chinese automaker sold more EVs in Europe than last month, the first time that’s happened, Reuters reports , citing JATO Dynamics. Earlier this week, Musk told Bloomberg , “Europe is our weakest mar...
Tesla’s Elon Musk doubles down on “a major rebound in demand” without giving evidence
CEO Elon Musk asserted in a second interview yesterday that his electric car company has turned a corner after producing dismal results last quarter, telling CNBC reporter David Faber , “We’ve seen a ...
On the heels of rampant interest in Slate Auto, Toyota is considering smaller trucks for the US
With new vehicle prices spiking to $48,699 in April, the auto market appears primed for some lower-cost alternatives. And, as evidenced by the appetite for Slate Auto’s $27,000 electric pickup, consum...
More Tesla Cybertruck owners confirm massive loss of trade-in value
Tesla Cybertrucks are known for their massive size. They’re now also known for their massive depreciation. Business Insider found two more Cybertruck owners willing to show how much is offering them ...
Lucid, still without a permanent CEO, is up 45% since bottoming out in March
shares surged more than 10% on Tuesday afternoon, marking further progress in the luxury electric vehicle maker’s recovery from March lows. The company, which has gotten vast amounts of funding from S...
Elon Musk says Tesla’s sales have “already turned around” without providing any evidence except the share price
In a video conversation with Bloomberg at its Qatar Economic Forum , CEO Elon Musk disputed the fact that the EV company’s sales are falling . When Bloomberg Weekend Editor-at-Large Mishal Husain ask...
GM joins Ford in stopping vehicle exports to China
reportedly informed dealers on Thursday that it will stop US to China vehicle exports due to tariffs. The move aligns GM with its Detroit rival, , which halted Chinese exports last month .
Analyst: At current sales levels, Tesla could close a third of its stores
Tesla’s sales are down drastically , but its number of locations has grown . That may have to change if would like to eke out a profit next quarter. Indeed, without regulatory credits, which are expe...
Tesla: Pay no attention to the terrible headlines. Check out this dancing robot!
news these days is pretty much only bad news. A few recent headlines include: Disappearing EV credits Declining sales A bad start to Q2 based on monthly reports from around the world Shrinking demand ...
Rivian’s gloomy demand outlook earns it a downgrade from Jefferies
shares fell more than 3% in Wednesday morning trading following a downgrade by Jefferies from “buy” to “hold.” The EV maker issued a gloomy deliveries forecast when it reported earnings earlier this m...
GM says 400-mile range EVs are on the way after a battery breakthrough
announced plans today to start commercial production on EV batteries that will allow for about 400 miles of range on a single charge — and cost less — by 2028. Together with its partner LG Energy Solu...
Honda and Nissan are both expecting a huge tariff blow
and have joined a growing list of Japanese automakers expecting a massive hit from US tariffs. Honda, which is planning to shift production of its next Civic to the US, forecast a $4.4 billion plunge...
Why the proposed end of EV tax credits could actually be a big win for Tesla
The $7,500 federal tax credit for electric vehicles will likely be out by year’s end , according to a markup of a proposal by the House Ways and Means Committee published yesterday that’s expected to ...
US new vehicle prices jumped by 2.5% in April, the most in five years
Well, that was fast. According to a new report by Cox Automotive, new vehicle prices climbed 2.5% in April from the previous month. That’s the biggest jump in five years, since April 2020. As of April...
Nissan will cut 11,000 more jobs than it previously planned, bringing the total to 15% of its workforce
According to reporting by Japanese public broadcaster NHK, is planning to lay off an additional 11,000 employees. The figure brings the total job cuts for the Altima maker to roughly 20,000, or 15% o...