Tag: Electric Vehicle

Tesla will open a showroom in Mumbai, India next week, marking the U.S. electric carmakers first official foray into the country.

Automakers are urging customers to snap up electric vehicles before a $7,500 U.S. tax credit goes away this fall.

Tesla shares fell in premarket trade on Monday after CEO Elon Musk announced plans to form a new political party.

Tesla’s (TSLA.O), new car sales in Britain rose year-on-year in June amid a broader recovery in the electric-vehicle market, data showed on Friday, as the U.S. auto maker started deliveries of its updated Model Y last month.

Wednesday morning, Rivian reported second-quarter sales of 10,661 vehicles, down 23% from the year-ago quarter, and reiterated its guidance for full-year sales between 40,000 and 46,000 vehicles.

Wednesday evening, the Lucid reported second-quarter sales of 3,309 vehicles, up 38% year over year, a record for any quarter. For the first half of the year, Lucid deliveries totaled 6,418, up almost 50%.

U.S. President Donald Trump suggested the government efficiency department should review the subsidies Tesla CEO Elon Musk’s companies have received in order to save money, reigniting a war of words between the world’s most powerful man and its richest.

Chinese electric-vehicle makers posted strong growth ahead of Tesla’s second-quarter deliveries.

Chinese electric vehicle champion BYD has slowed its production and expansion pace in recent months by reducing shifts at some factories in China and delaying plans to add new production lines, said two people with knowledge of the matter.

 Tesla’s (TSLA.O), new car sales in Europe fell 27.9% in May from a year earlier even as fully-electric vehicle sales in the region jumped 27.2%, with the U.S. EV maker’s revised Model Y yet to show signs of reviving the brand’s fortunes.

Tesla did it. The company launched its long-awaited robo-taxi service in Austin, Texas, on Sunday.

A group of Democratic Texas lawmakers has asked Tesla (TSLA.O), to delay its much-anticipated robotaxi launch in Austin until September, when a new autonomous-driving law is scheduled to take effect.

Ferrari (RACE.MI), has delayed plans for its second fully-electric model that was due out in 2026 to at least 2028, because of a lack of demand for high-performance luxury EVs, two sources close to the matter told Reuters.

The National Highway Traffic Safety Administration on Friday said it was streamlining reviews of requests filed by automakers seeking to deploy self-driving vehicles without required human controls like steering wheels, brake pedals or mirrors.

Tesla’s (TSLA.O),car sales fell sharply in several European markets including Sweden and Portugal in May, a fifth consecutive monthly decline that has been blamed on CEO Elon Musk’s political activities and an outdated model lineup.

China’s Xiaomi (OTC:XIACF) on Tuesday reported record first-quarter revenue and profit, as the company said its ongoing shift towards higher-end products from smartphones to home appliances was already paying off.

European sales of Tesla vehicles plunged in April, as the U.S. electric car maker continues to face reputational damage regionally and rising competition.

Shares in Chinese automakers such as BYD, Nio and Geely tumbled on Monday after industry leader BYD offered fresh incentives on over 20 models and the CEO of Great Wall Motors warned that the world’s largest auto industry was in an unhealthy state.

Despite incurring a higher tariff rate than Tesla, Chinese electric vehicle maker BYD sold more pure battery electric vehicles in Europe for the first time ever last month — a “watershed moment” for the region’s car market, according to a report from JATO Dynamics.

Tesla’s (TSLA.O), new car sales in Britain and Germany plummeted to their lowest in over two years in April, falling 62% and 46% year-on-year respectively, even as demand for electric vehicles rose in both countries, national data showed on Tuesday.