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Tesla News
Insider
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There's been a rise in Tesla owners switching over to Cadillac EVs, exec says
- Cadillac's EVs have a conquest rate of about 75%, with 10% being former Tesla owners.
- The automaker is seeing a rise in Tesla owners switching to its Lyriq EV models.
- Cadillac's California registrations increased by 60% year over year, while Tesla faced declining registrations in multiple markets.
- Cadillac is making inroads into Tesla's customer base with its expanding EV lineup.
- The Lyriq model has a conquest rate of 80%, with 25% of buyers coming from Tesla.
- Cadillac has added three additional EV models to its portfolio in the past 6 months.
- In California, Cadillac registrations jumped 60% year over year, while Tesla saw a 15% decrease.
- Tesla's revenue fell short in the first quarter, prompting a decline in automotive revenue and impacting delivery numbers.
- Despite challenges, Tesla's used-car sales volume rose 27% month-over-month, securing a 47% share of the used EV market.
- Elon Musk stated that Tesla has strong sales numbers and no demand issues despite recent challenges.
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Teslarati
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Hyundai begins real-world testing of AI-powered EV charging robot
- Hyundai has started real-world testing of its AI-powered EV charging robot known as the ACR in partnership with Kia and Incheon International Airport.
- The pilot program aims to set the foundation for future robot use for EV charging, with Incheon known for having a large eco-friendly vehicle infrastructure.
- Hyundai is working with Kia's Robotics Lab to provide hardware and software solutions for the charging robot's early rollout.
- The initial testing phase will involve deploying the charging robot for a fleet of eco-friendly airport vehicles before expanding its use to provide range extension for EV owners while traveling.
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Macdailynews
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Apple, Tesla, and Nvidia shares to trade as digital tokens on crypto exchange Kraken
- Kraken plans to offer non-U.S. customers the ability to trade tokenized versions of popular stocks like Apple, Tesla, and Nvidia on a digital ledger, aiming to simplify access to U.S. stocks for international investors.
- The rollout of these tokenized equities, named 'xStocks,' will begin in Europe, Latin America, Asia, and Africa in the coming weeks, allowing 24/7 trading, with Kraken's U.S. customers not included in this offering.
- The xStocks tokens on the Solana blockchain will be backed by shares of the underlying security and redeemable for the cash value of the securities, ensuring prices remain aligned with the corresponding stocks and ETFs.
- Kraken's tokenized stocks are expected to benefit international investors by providing a cheaper and easier route to access the U.S. stock market, reducing fees and settlement times, with possibilities for trading on other crypto exchanges in the future.
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Teslarati
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How Tesla could benefit from the ‘Big Beautiful Bill’ that axes EV subsidies
- The United States House of Representatives passed the 'Big Beautiful Bill' which ends EV subsidy programs like the $7,500 tax credit by the end of this year.
- The bill eliminates credits on new and used EV purchases, as well as the installation of Level 2 chargers, impacting solar subsidies for clean energy.
- Tesla could benefit from the bill due to timing, as potential buyers may rush to purchase EVs before the credit ends, potentially boosting Tesla's sales.
- Additionally, Tesla's plans to introduce affordable models by 2025 could help offset the impact of losing the tax credit, making EVs more accessible to consumers.
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Insider
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The Magnificent 7 drove a $36 billion loss for short sellers as stocks soared after tariff chaos
- Short sellers faced a $36 billion loss as stock market rallied since April lows.
- The biggest tech names like Tesla, Nvidia, and Microsoft caused significant losses for short bets.
- Short positions in Tesla, Nvidia, and Microsoft accounted for steepest market value losses over the 42-day period.
- Short-sellers experienced losses due to the volatility from President Donald Trump's tariffs, with 48% of all short positions being unprofitable in 2025.
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TechDigest
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BYD overtakes Tesla in European EV sales for first time
- BYD has surpassed Tesla in European electric vehicle (EV) sales for the first time, marking a significant shift in the market.
- In April, BYD registered 7,231 new battery-electric vehicles, a 169% increase year-on-year, while Tesla's registrations declined by 49%.
- This development indicates a changing landscape in Europe's EV market, with BYD's total sales rising by 359% in April compared to the previous year.
- Chinese manufacturers like BYD are now focusing on both fully electric cars and plug-in hybrids in Europe, adapting to higher tariffs on Chinese-made EVs and evolving market demands.
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Insider
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Xiaomi's 'stunning' new YU7 is the latest threat to Tesla in China
- Xiaomi unveiled its second electric vehicle, the YU7, a luxury high-performance SUV set to compete with Tesla's Model Y in China.
- Morgan Stanley analysts predict the YU7 could pose a significant threat to Tesla in China, where Tesla has been facing challenges amid tough local competition.
- The YU7 boasts high-tech features, a maximum speed of 253 km/h, range of 835km, and fast charging capabilities, highlighting Xiaomi's advancement in the EV market.
- Xiaomi's aggressive EV strategy includes plans to enter overseas markets by 2027, with its previous EV, the SU7, receiving positive reviews despite some challenges faced.
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The Verge
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What if Tesla made a Slate-like EV instead of the Cybertruck?
- Tesla had a successful Slate debut last month, which led to discussions about what if Tesla made a Slate-like EV instead of the controversial Cybertruck.
- The opinion is that Tesla could have launched a small, simple, and cheap compact pickup truck like Slate, which could have been more successful than the Cybertruck, which has not met sales projections.
- It is suggested that Tesla missed an opportunity to introduce an inexpensive small pickup truck that could have appealed to a wider range of buyers and leveraged its in-house battery cell production for better pricing.
- The potential Slate-like EV could have brought more range at the same price, targeted global markets, and democratized EVs to a broader audience.
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Insider
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BMW and Mercedes outsold in China by an automaker you've never heard of
- Chinese EV brand Aito, owned by Seres Group and Huawei, outsold BMW and Mercedes in China with 151,000 units sold last year.
- Aito's success is attributed to the popularity of its flagship M9 luxury SUV, featuring tech-heavy features like Huawei's HarmonyOS and premium interior options.
- Seres repositioned itself with Aito after partnering with Huawei in 2021, leading to a significant growth in sales, tripling to about 427,000 units in 2023.
- Aito's rise reflects a shift in China's premium auto segment, once dominated by foreign brands like BMW and Mercedes, now seeing Chinese EV makers disrupting the market.
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Silicon
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Waymo Clocks Up 10 Million Robotaxi Trips – Report
- Alphabet's Waymo self-driving division has disclosed reaching 10 million robotaxi trips, doubling in the past five months, with more 250,000 paid rides a week.
- Waymo's focus is on building a sustainable business while expanding its autonomous ride-hailing service to more areas in the San Francisco Bay Area.
- Elon Musk's Tesla faces a challenge in the robotaxi sector against Waymo, as Tesla plans to launch its robotaxi service in Austin, followed by Los Angeles and San Francisco.
- Waymo relies on sophisticated sensors like lidar and radar, contrasting Tesla's use of camera-based systems, emphasizing safety as a priority in autonomous driving.
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Insider
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BYD overtakes Tesla in Europe for the first time. That's more bad news for Elon Musk.
- BYD outsold Tesla in Europe for the first time in April, with 7,230 battery-electric vehicles sold.
- Tesla's European sales dropped nearly 50% in April compared to the previous year, while BYD's sales surged 169%.
- BYD's sales in Europe exceeded Tesla's without hybrid sales, indicating a significant milestone for the Chinese brand.
- BYD's launch of the European version of its Seagull EV at a lower price compared to Tesla's models signals its aggressive expansion plans overseas.
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Insider
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Former Elon Musk employees tell BI what he brings to the table as a leader — and whether that's what Tesla needs right now
- Elon Musk is shifting his focus back to Tesla, stepping away from DOGE, as the company grapples with various challenges.
- Business Insider spoke to former employees who shared insights on Musk's leadership style and what his renewed commitment means for Tesla.
- Musk expressed his dedication to leading Tesla for the next five years, receiving positive feedback from investors.
- Analysts suggested that Musk's focus on Tesla is crucial, especially amidst falling sales and increasing competition from companies like BYD.
- Former employees highlighted Musk's pivotal role at Tesla, emphasizing his attention to detail and passion for innovative products.
- While Musk's demanding nature has led to successful outcomes, some have raised concerns about his audacious approach and distraction.
- Tesla is preparing for a critical robotaxi launch and the release of a new electric vehicle model, facing pressure to improve battery technology and sales.
- Musk's ability to drive unconventional decisions sets him apart, but opinions differ on whether his leadership style aligns with what Tesla needs now.
- Despite mixed views on Musk's role, his impact on Tesla's advancements and potential distractions remains a topic of debate within the industry.
- While some question Musk's enthusiasm for certain projects, others acknowledge his unique influence as both a design engineer and businessman.
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Dev
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Tesla’s Optimus: A Stock Price Disaster Waiting to Happen
- Tesla's Optimus robot demonstrations are carefully curated to present seamless movement execution through short, edited videos.
- Optimus uses a Large Language Model (LLM)-based approach, contrasting traditional heuristic-driven robotics by generating actions through machine learning techniques rather than pre-defined logic.
- Despite the allure of humanoid robotics, Tesla's Optimus lacks practical applications due to its fragmented execution of movement patterns and may face scrutiny during shareholder meetings, potentially impacting stock prices.
- Tesla's history of strategic embellishment, exemplified by Elon Musk's actions, suggests a need for caution in evaluating the marketing claims surrounding Optimus and distinguishing between technological spectacle and genuine innovation.
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Blackenterprise
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Gilbert Arenas Faults Son’s Cybertruck Malfunctioning, Which Caused Life-Threatening Accident
- Former NBA player Gilbert Arenas discussed his son Alijah's life-threatening car accident caused by a Tesla Cybertruck malfunction.
- The incident occurred when Alijah crashed into a tree and a fire hydrant, resulting in him being placed in a medically induced coma.
- The Cybertruck malfunction left the steering wheel limp, preventing Alijah from escaping as the vehicle caught fire.
- Arenas advised parents to equip such vehicles with tools like hammers to break the windows for emergency situations.
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Teslarati
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Tesla Model 3 gets perfect 5-star Euro NCAP safety rating
- Tesla's 2025 Model 3 sedan has received a perfect 5-star overall safety rating from Euro NCAP, showcasing its commitment to safety.
- The Model 3 achieved high scores in various categories, including 90% for Adult Occupants, 93% for Child Occupants, 89% for Vulnerable Road Users, and 87% for Safety Assist.
- Notable safety features of the Model 3 highlighted by Euro NCAP include the Active Hood for mitigating injury risks, Automatic Emergency Braking System that detects motorcycles, and door opening prevention for blind spot protection.
- Tesla is introducing additional safety features to enhance the Model 3's safety, such as head-on collision avoidance, crossing traffic AEB, and Child Left Alone Detection, utilizing in-cabin radar sensing for improved safety measures.
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