Stiff competition may be responsible for declining Tesla sales in the world’s largest electric vehicle market. What’s happening? Tesla experienced its worst month of 2025 in China, with sales down 36% year over year in October, according to Electrek. The company delivered 26,000 electric vehicles compared to more than 40,000 in October 2024. “In terms…
Tesla is facing a noticeable slowdown in China, one of the world’s most competitive electric vehicle markets, reports GuruFocus. After months of strong growth, the U.S. automaker sold just over 61,000 cars built at its Shanghai factory in October, a nearly 10% drop from the same time last year. The slowdown highlights just how crowded…
As Tesla‘s dominance in the electric vehicle space continues to wane, a new competitor has emerged as a serious threat to its market share. What’s happening? In 2024, Chinese tech giant Xiaomi jumped into the EV space by launching its SU7 sedan. As The Motley Fool reported, Xiaomi’s first year of selling EVs couldn’t have…
That dream of leasing a new Tesla might be fading for some Americans. In a move that directly impacts the wallets of potential electric vehicle drivers, the company has significantly raised its monthly lease prices, making the switch to cleaner cars a tougher choice for many. What’s happening? According to Business Insider, the change happened…
Mexico’s proposed 50 percent tariffs on vehicles imported from China are set to deal a major blow to the country’s fast-growing electric vehicle market. What’s happening? According to reports from Reuters, the tariff targets electric and gasoline cars imported from all countries with which Mexico doesn’t have a free trade agreement, including South Korea, India,…
Tesla‘s long-awaited arrival in India kicked off with a whimper rather than a bang, suggesting that the automaker’s global outlook may not be so rosy. What’s happening? According to Bloomberg, Tesla opened its Mumbai showroom in July with limited fanfare after nearly a decade of delayed promises to break into the Indian market. About a…
An EV startup funded by Amazon billionaire Jeff Bezos has landed a top engineer from Tesla as they look to get off the ground. What’s happening? According to Electrek, EV startup Slate Auto has hired Napoleon Reyes, a former crucial cog in Tesla‘s manufacturing and production lines to help build up its Indiana pickup truck…
Tesla has reached another roadblock as safety officials claim the EV automaker has not always followed procedure when reporting crashes involving its vehicles. What’s happening? The National Highway Traffic Safety Administration has opened a new investigation regarding the way Tesla reports crashes that involve its advanced driver assistance systems, according to Electrek. The publication reported…
Chinese automaker BYD could soon dominate the European market and add to Tesla‘s struggles to recapture the hearts of electric vehicle drivers. What’s happening? Fortune reported that BYD is now poised to produce around 300,000 EVs per year at its factory in Szeged, Hungary, by 2030. Starting next year, it estimates it will manufacture 150,000…
Chinese automaker Chery has managed to gain a massive foothold in the European EV market, leaving other automakers shocked at its ability to get into a highly competitive market so quickly. Reuters broke down Chery and other Chinese automakers’ quick move into the market and how they’ve managed to get a foothold in such a…