Tesla Braces for ‘Rough’ Quarters
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3 factors weighing Elon Musk’s EV maker down
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1don MSN
Tesla needs a blockbuster EV to break a sales slump. Can a stripped-down Model Y do the job?
A pared-down Model Y might do little to lift Tesla sales. To really get people excited about the brand again, Tesla needs “actual new vehicle models,” one analyst said.
The automaker Volkswagen has been shifting its attention from gas-powered to electric vehicles and is experiencing a surge in EV sales. So far, 2025 has been a very successful year for Volkswagen's EV strategy.
The electric-vehicle maker’s net income dropped 16% in the second quarter, marking another quarter of steep declines at the company as automotive sales continue to fall.
VinFast plans to open 35 dealerships across 27+ cities by year-end. Vehicles will be assembled at its upcoming manufacturing facility in Thoothukudi, Tamil Nadu
One of the more glaring omissions from Tesla’s late Wednesday earnings was that the EV maker Tesla did not update its 2025 outlook as promised.
In 2020, Tesla controlled nearly 80% of the U.S. market, based on data from Experian. By 2022, that was down to 65.4%, followed by 55% in 2023. This year, per Cox Automotive, that share continues to decline, hovering around 45% as of July 11.
Eager to capitalize, Gov. Kelly brokered a deal with Panasonic to build a massive $4 billion lithium-ion battery plant in De Soto, aimed at supplying Tesla’s new factories in Texas. A multi-billion dollar tax incentive package secured Panasonic’s investment, made possible by the bipartisan APEX Act passed by the state Legislature.
Tesla's shares sank nearly 7% in premarket trading as the EV giant grapples with sinking sales and mounting doubts over its future under CEO Elon Musk, deepening investor anxiety after another shaky quarter.
4don MSN
Tesla sales are nosediving in California, and it's dragging the state's entire EV market down
Tesla's registrations in the West Coast state fell more than 20% in the second quarter compared with the previous year, according to new data.
Elon Musk warned of difficult times ahead for Tesla Inc. following one of the carmaker’s worst stretches since it first started producing electric sedans over a dozen years ago.
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