A naukri.com initiative
Tesla News
Guardian
1M
367
Image Credit: Guardian
Tesla sales slump across Europe amid backlash against Musk
- Sales of new Tesla electric cars in Europe have halved in April compared to the previous year, indicating a decline in registrations for Tesla vehicles amid a broader rise in battery electric vehicles.
- The decline in Tesla registrations is attributed to the backlash against Elon Musk's political affiliations, including ties to Donald Trump and vocal support for the far-right AfD party, leading to potential lasting brand damage.
- While total battery electric car sales rose by 27.8% in April, Tesla registrations fell by 49% from 14,228 to 7,261 vehicles in the EU, the UK, and the broader EFTA bloc.
- Despite facing challenges in Europe, Tesla recorded a 13% drop in vehicle sales in the first three months of the year, although shares have rallied recently amidst reports of Musk reducing involvement with the Trump administration.
Read Full Article
22 Likes
TechCrunch
1M
49
Image Credit: TechCrunch
Tesla loses more ground in Europe, while BYD makes gains
- Tesla sales in Europe and the U.K. have fallen by nearly half, with a 49% year-over-year decline, despite the launch of a new Model Y vehicle.
- The decline in Tesla sales is attributed to CEO Elon Musk's political activities and alignment with U.S. President Donald Trump, causing an outsized effect on the brand compared to its competitors.
- While Tesla sales globally have been struggling, EV sales in Europe saw growth with a 27.8% increase in April compared to the previous year. Hybrids also experienced a 31% uptick in sales.
- On the other hand, Chinese manufacturers like BYD are gaining ground in Europe, with EV registrations from Chinese automakers rising by 59% year on year, reaching almost 15,300 units in April.
Read Full Article
3 Likes
Teslarati
1M
277
Image Credit: Teslarati
Mark Cuban wants to sell his Tesla due to this polarizing feature
- Mark Cuban is ready to sell his Tesla because of the polarizing feature of the turn signal button.
- Tesla eliminated the turn signal stalk in the Model 3, Model S, and Model X, opting for a turn signal button on the steering wheel.
- Cuban finds it inconvenient and prefers the traditional turn signal stalk, choosing to drive his Kia EV6 instead.
- While Cuban criticizes the turn signal button, others find it easy to adjust to and not significantly distracting.
Read Full Article
16 Likes
Insider
1M
290
Image Credit: Insider
Tesla's European sales keep collapsing even as the EV market grows
- Tesla's European sales dropped by nearly 50% in April despite overall EV sales growth in the continent.
- The backlash against CEO Elon Musk's actions, including endorsing the German far-right party, has led to protests and impacted Tesla's sales globally.
- Competitors like BYD have overtaken Tesla in Europe, posing a new challenge alongside the increasing competition in the EV market.
- Tesla's brand crisis in Europe is deepening, with sales decline pointing towards ongoing challenges despite the release of the updated Model Y.
Read Full Article
17 Likes
Discover more
Silicon
1M
22
Image Credit: Silicon
Xiaomi Challenges Tesla Model Y With YU7 Electric SUV
- Xiaomi has launched an electric crossover SUV, YU7, aiming to challenge Tesla's Model Y in the market.
- YU7 boasts a driving range of up to 835km for the basic edition, expected to compete with Model Y in terms of range.
- Analysts predict that YU7 could 'significantly erode' Model Y market share in China; pricing to be announced in July.
- Tesla, although the previous market leader in China's premium EV market, has seen a decline in sales amidst competition from Xiaomi and BYD.
Read Full Article
1 Like
Teslarati
1M
386
Image Credit: Teslarati
Tesla Cybertrucks join Jalisco’s police fleet ahead of FIFA World Cup
- Tesla Cybertrucks joined Jalisco’s police fleet before the 2026 FIFA World Cup to enhance security and project a modern image.
- Jalisco is preparing for the global event by welcoming millions of visitors, with Guadalajara being one of the host cities for 13 matches.
- The acquisition of Tesla Cybertrucks is part of Jalisco’s security strategy to ensure safety during the tournament and focus on key tourist areas.
- Governor Pablo Lemus integrated three Tesla Cybertrucks into the State Public Security Department’s fleet to enhance security capabilities and public perception.
Read Full Article
23 Likes
Evannex
1M
268
Image Credit: Evannex
Hyundai’s New AI Robot is Making EV Charging Hands-Free (Literally)
- Hyundai has unveiled the Automatic Charging Robot (ACR), an AI-powered robotic arm that can charge EVs without human input.
- The ACR uses 3D camera-based AI algorithms to locate the car's charging port, plug in the charger, monitor the process, and close the port door after charging.
- Hyundai tested the ACR at Incheon International Airport in South Korea, showcasing its ability to provide hands-free charging in high-traffic environments.
- The ACR is designed to be waterproof and dust resistant, making it suitable for various weather conditions, and is expected to revolutionize the EV charging experience.
Read Full Article
16 Likes
Insider
1M
309
Image Credit: Insider
We asked 10 everyday Americans for the best investment of their lives
- Business Insider asked 10 everyday Americans for the best investments they've made, from stock picks to real estate investments.
- Bob Vanscoy, 54, invested in Nvidia in March 2020, seeing over a 1,500% gain by 2023.
- Natalie Fischer, 26, bought a house before marriage, benefiting from low mortgage rates and stable housing costs in Seattle.
- Nick Brinkman, 41, invested in Apple and Tesla in his 20s, with significant gains over the years.
- Sherry Jiang, 33, saw a 1,200% growth in her Tesla investment and a 420% increase in Palantir.
- Josh Nassif, 40, capitalized on Bitcoin payments from online poker and Nvidia's growth for over 3,000% returns.
- Matt White, 33, successfully invested in Netflix, reaping a 380% return during a stock price dip.
- Tess Waresmith, 37, house-hacked by renting out part of her property, leading to a successful real estate investment.
- Brennan Schlagbaum, 33, made a significant gain on Meta Platforms stock, with a 550% increase.
- Austin Mark, 38, co-owned a house in Chicago, enabling a larger living space at a more affordable cost.
Read Full Article
18 Likes
Insider
1M
391
Image Credit: Insider
BYD just fired another shot in China's EV price war — and investors are worried
- BYD, a Tesla rival, cut prices on 22 models, including the Seagull EV, in China's competitive EV market.
- Shares in Chinese EV makers like BYD, Geely, Great Wall Motors, Xpeng, Nio, and Li Auto fell due to concerns about the increased competition.
- The price war in China's EV market, initiated by Tesla last year, is leading to unsustainable losses for many companies as they fiercely compete for market share.
- Despite price cuts, BYD's sales have been booming this year, surpassing Tesla in Europe, and the company is set to sell over 5 million cars in 2021.
Read Full Article
23 Likes
Crypto-News-Flash
1M
318
Image Credit: Crypto-News-Flash
VeChain Leads Carbon Ledger Revolution as Crypto Shifts Toward Verified Sustainability
- VeChain is positioned as a leader in sustainability and ESG compliance in the blockchain industry, with projections of $50 trillion flowing into ESG-compliant projects by 2030.
- VeChain, highlighted by ambassador Sebastian, is seen as a key player in value verification for sustainable practices, as global regulations tighten around ESG initiatives affecting millions of individuals.
- VeChain hosts projects like Cleanify, Carbonlarity, and EcoMeal that focus on tracking and verifying sustainability metrics, with initiatives like 'X-2-Earn' model promoting eco-friendly choices and earning carbon credits.
- VeChain stands out for its focus on sustainability, with a SaaS platform for transparent carbon data management and verification, positioning itself as a valuable chain for ESG investments.
Read Full Article
19 Likes
Mensjournal
1M
172
Warning Signs for Tesla: New Model Y Struggles to Find Buyers
- Tesla's latest Model Y release is facing challenges as the new models are struggling to find buyers, contrary to expectations of being a game-changer.
- Industry analysts note that the Model Y vehicles are remaining unsold on dealership lots nationwide, leading to concerns about demand for the vehicle.
- Tesla offering 0% financing on the new Model Y is seen as an unusual move, indicating potential demand issues despite the company's global EV dominance.
- Competition from other EV manufacturers and controversies surrounding CEO Elon Musk are believed to be contributing factors to Tesla's declining sales, prompting the company to focus on heavy incentives and future projects.
Read Full Article
10 Likes
TechCrunch
1M
191
Image Credit: TechCrunch
Tesla opened Cybertruck trade-ins, and the numbers aren’t pretty
- Tesla has now allowed Cybertruck owners to trade in their cars for the first time since the vehicles hit the market, but owners face significant depreciation rates of up to 45%.
- Recent reports indicate that Tesla has assigned quotes that translate to 37% to 38% depreciation for Cybertruck owners looking to trade in their vehicles, with one owner experiencing a loss of $36,900 on a $100,000 AWD 2024 model.
- Initially, Tesla prohibited owners from reselling the Cybertruck to prevent scalping and maintain brand control, but this policy likely also delayed trade-ins or resales due to various factors, including Elon Musk's associations and quality control issues.
- The trade-in values offered by Tesla are expectedly lower than private-party sales, and electric vehicles, in general, depreciate rapidly, with some brands losing up to 50% of their value in the first year.
Read Full Article
11 Likes
Insider
1M
163
Image Credit: Insider
Scott Galloway says Musk's work at DOGE fueled 'one of the greatest brand destructions' of all time
- Scott Galloway criticizes Elon Musk's involvement in DOGE Office, calling it one of the greatest brand destructions ever.
- Backlash against Musk mostly targeted Tesla, leading to a drop in profit and sales for the company.
- Musk plans to step back from government work to refocus on Tesla and other companies, aiming to address the challenges faced by Tesla.
- Galloway attributes Tesla's issues to Musk's political affiliations and alienation of core customers, leading to a significant decline in the company's brand reputation.
Read Full Article
9 Likes
Evannex
1M
204
Image Credit: Evannex
President Trump and Elon Musk were welcomed in Qatar by Cybertrucks (videos)
- President Trump and Elon Musk were welcomed in Qatar by Cybertrucks painted red, belonging to Doha's traffic police.
- US President Trump received a state protocol motorcade flanked by two Cybertrucks on the way to the royal palace in Doha, Qatar.
- The Cybertrucks, imported and painted red for the traffic police in December 2024, stood out in the convoy during the historic event.
- Elon Musk's visit with President Trump in Qatar included meetings with high-level Qatari officials, potentially paving the way for positive outcomes for Musk's companies like Tesla and SpaceX.
Read Full Article
12 Likes
Insider
1M
36
Image Credit: Insider
Elon Musk dreams of thousands of robots working in factories. Tesla's first Optimus lead has doubts.
- Elon Musk dreams of having thousands of Optimus robots working in Tesla factories by the end of the year.
- Chris Walti, Tesla's first Optimus lead, believes humanoid robots like Optimus are not suitable for factory work due to their limited effectiveness in repetitive tasks.
- While Musk sees Optimus as a groundbreaking product, Walti argues that humanoid robots may not be the best choice for warehouse, logistics, and manufacturing tasks.
- Walti left Tesla in 2022 to start Mytra, a robotics startup focused on using slab-shaped robots for warehouse operations.
Read Full Article
2 Likes
For uninterrupted reading, download the app