Tesla Inc (NASDAQ:TSLA) beat analyst expectations for third-quarter deliveries thanks to a short-term surge in demand as the federal EV tax credit expired. Deepwater Asset Managing Partner and co-founder Gene Munster says investors should throw this figure out and throw the fourth-quarter delivery figure out as well. With automotive companies likely to see less demand…
BYD has slashed its sales target for this year by as much as 16% to 4.6 million vehicles, two people with knowledge of the matter said. Cfoto | Future Publishing | Getty Images Chinese electric carmaker BYD sold 11,271 cars in the U.K. last month, the company said on Monday, representing year-on-year growth of 880%….
One European country has seen a rapid increase in used Tesla prices, a possible indicator of renewed interest in cars from the electric automaker. Teslarati reported on new data from Carla, a Swedish retailer of used electric vehicles, which shows that used Tesla prices increased almost 10% nationwide from June to August. That is certainly…
The U.S. electric vehicle market is established and ready to grow without federal subsidies, according to Jon McNeill, a former Tesla president of global sales and service and current GM board member. Speaking to CNBC on Thursday, McNeill expressed confidence that despite the recent expiration of a key EV tax credit, the industry will continue…
With federal tax credits for new and used electric vehicles having expired Sept. 30, officials in Colorado have stepped in to fill the gap by increasing state rebates for EVs, according to Denver7, a local ABC affiliate. “The market has made it clear, EVs are here to stay,” said Jared Polis, the Colorado governor, according…
Look out below! Via ChatGPT The headlines about the U.S. electric vehicle markets are going to be ugly over the next six months or more. Don’t fall for it. Experienced investors know to look at underlying fundamentals when evaluating opportunities, and to take the long view. The U.S. market for EVs is in a classic…
Zeekr, the premium electric mobility brand under Geely Holding Group, has officially launched its new flagship luxury SUV, the Zeekr 9X, in China. The model combines high performance with advanced safety and comfort features, marking a major step forward for the brand as it expands its portfolio of premium electric vehicles. High performance with advanced…
With a rapidly expanding electric vehicle market, India has become a fiercely competitive proving ground for both Tesla and BYD. First reported by Business Insider, India is a vital market that determines the future earning potential for the leading EV manufacturers. As one of the world’s largest automotive markets, India has seen a surge in…
Breana NobleThe Detroit News(TNS) Ford Motor Co. CEO Jim Farley on Tuesday said he wouldn’t be surprised if electric vehicle sales in the United States fall by half after the expiration of the federal tax credit for plug-in vehicles. Tuesday is the last day consumers could take advantage of the up-to-$7,500 tax credit, though Ford…
While purchasing out-of-commission vehicles has long been the purview of salvage yards and auto-restoration enthusiasts, a new market has been emerging when it comes to out-of-use electric vehicles: buyers of secondhand EV batteries. As the transition to renewable sources of energy has continued, the demand for used lithium-ion batteries has surged, according to a report…