The UK has become a pivotal market for Chinese electric vehicle (EV) manufacturers, accounting for 30% of all Chinese electric models sold across Europe. The number of electric cars on UK roads has nearly doubled in the past two years, and nearly one in five new cars sold in 2024 was electric. BYD (1211.HK), China’s…
Tesla is headed for a second straight year of slumping sales after a poor second quarter. What’s happening? Reuters reported the company was “dragged down by CEO Elon Musk‘s right-wing political stances and an aging vehicle lineup that has turned off some buyers.” The news agency said that because tariffs, economic uncertainty, and the coming…
A new poll revealed that Tesla is faltering among people across the political aisle. Unfortunately for the brand, it’s not the first time it has faced this kind of issue, with owners reporting embarrassment and disapproval of CEO Elon Musk‘s behavior. What’s happening? Semafor published data from the Electric Vehicle Intelligence Report that demonstrated Tesla’s…
As its sales continue to crater in the US and Europe, Tesla’s reliance on China — its second-largest market and biggest production hub — is growing. But thanks to a surge in far more price-competitive and lucrative offerings from Chinese EV manufacturers like BYD, Tesla’s woes look poised to metastasize there as well. Its market…
2025-07-10T11:19:59Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Grok is coming to Tesla vehicles. Elon…
Tesla CEO Elon Musk is lashing out at Wedbush Securities analyst Dan Ives, telling the technology analyst to “Shut up.” On his social media platform X on Tuesday, the billionaire posted “Shut up, Dan,” just hours after the analyst and Tesla fan recommended that the electric car maker’s board of directors curb the CEO’s political activity. Ives’ comments came…
Tesla continues to lose momentum in China with declining sales as competing electric vehicle automakers take over the country’s market. The Chinese company Xiaomi has been gaining significant popularity with its new EV, which is a direct competitor to Tesla‘s Model Y. What’s happening? As Business Insider reported, Xiaomi announced that it received approximately 300,000…
Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. On Monday, Tesla lost 6.8 percent of its value when the S&P 500 fell by less than 1 percent on tariff fears—marking the sixth-worst day of the year for the stock. The causes of…
Rifle through Turkey’s car sales report for January and in the column next to Tesla’s name, you’ll find a big, fat zero. A lot has since changed. This June, Turkey nearly eclipsed the UK as the brand’s third-largest market in the world for the month. Tesla sold over 7,200 vehicles in the Eurasian country, within striking distance of the…
After a turbulent start to 2025, Tesla is showing signs of a turnaround in Europe. Teslarati reported that, according to Carup data, electric vehicle registrations in June surged across the United Kingdom, Spain, and the Netherlands, where Tesla not only regained lost ground but also topped EV sales charts for the month. In the U.K.,…