Tesla’s annual sales fall for first time in company history
1 week ago

Tesla’s annual sales fall for first time in company history

LA Times  

Tesla sales declined for the first time in the company’s history last year, the company reported Thursday, reflecting what analysts said was a lack of new models in an increasingly competitive market for electric vehicles. Given the company’s commanding lead in electric vehicle market share, slow or no growth at Tesla adds another challenge to California Gov. Tesla, once a darling of California electric vehicle buyers, has been taking hits in the Golden State, with sales down 3.5% in the third quarter, according to the state dealers trade group. Whether Tesla’s drop indicates deeper trouble in the EV market in general will become clearer as other companies report their 2024 sales in coming days.

Tesla Sales California Musk State Elon Musk Electric Vehicle Vehicle Market Electric Vehicle Market  california  annual  teslas  sales  state  company  growth  fall  tesla  ev  musk  electric  vehicle  market  history

History of this topic

'Lost year': Electric car sales go into reverse in Germany
3 days, 11 hours ago

'Lost year': Electric car sales go into reverse in Germany

New Indian Express  

BERLIN: Sales of new electric vehicles in Germany plunged last year, official figures showed Monday, as a slow switch to battery-powered cars deepened the woes of the country's flagship auto industry. Just 380,609 EVs were registered in 2024 in Europe's largest auto market, 27.4 percent fewer than in the previous year, the KBA federal transport authority said. The slump in …

Tesla's Annual Sales Dropped for the First Time—but the EV Industry Keeps Growing
5 days ago

Tesla's Annual Sales Dropped for the First Time—but the EV Industry Keeps Growing

Wired  

Just a few days into 2025, electric vehicles are already having a roller coaster ride of a year. Global EV sales numbers likely won’t be fully collated till next month, but analysts say that in the US, electric vehicles seem to be on track for a pretty reasonable 8 percent of all car sales in 2024. The way we’re seeing …

US new vehicle sales rose 2.7% last year as prices and interest rates dropped a little
5 days, 13 hours ago

US new vehicle sales rose 2.7% last year as prices and interest rates dropped a little

Associated Press  

DETROIT — New vehicle sales in the U.S. rose 2.7% last year as prices and interest rates eased a bit, making SUVs, cars and trucks a little more affordable. Despite high sales prices that averaged more than $47,000, automakers sold just over 16 million vehicles in the U.S. last year, Motorintelligence.com said Friday. Electric vehicle sales rose 8.8% for the …

Elon Musk's Tesla sees first sales drop since 2011 as competition rises, Trump support holds back customers
6 days, 1 hour ago

Elon Musk's Tesla sees first sales drop since 2011 as competition rises, Trump support holds back customers

Hindustan Times  

For the first time since 2011, Elon Musk's electric vehicle, Tesla, saw its sales drop by 1.1% in 2024, news agency Associated Press reported, citing the company's sales figures. Tesla CEO and X owner Elon Musk listens as US President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington, DC, U.S. on November …

Elon Musk's Tesla sees first annual sales decline: 1.1% drop in 2024
6 days, 16 hours ago

Elon Musk's Tesla sees first annual sales decline: 1.1% drop in 2024

India Today  

For the first time since 2011, Tesla on Thursday reported an annual decline in global vehicle sales, sinking a stock that has soared since Donald Trump’s victory. Tesla’s global vehicle sales rose 2.3% in the final quarter thanks to 0% financing, free charging and low-priced leases. The year-over-year global sales drop is Tesla’s first since 2011, according to figures from …

Tesla sees first drop in number of cars delivered in nine years sending stock tumbling
Trending News
6 days, 18 hours ago

Tesla sees first drop in number of cars delivered in nine years sending stock tumbling

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tesla's global annual sales …

Tesla’s global vehicle deliveries fell in 2024 for the first time in years
Top News
6 days, 20 hours ago

Tesla’s global vehicle deliveries fell in 2024 for the first time in years

Live Mint  

Tesla’s global vehicle deliveries fell in 2024 for the first time in more than a decade, after a surge of promotional deals in the fourth quarter failed to stimulate sales enough to top the prior-year results. The result—a quarterly record—was up about 2% from a year earlier, but it fell short of the roughly 515,000 vehicles it needed to sell …

Tesla sales dropped 1.1% in 2024, its first annual decline in a dozen years
6 days, 21 hours ago

Tesla sales dropped 1.1% in 2024, its first annual decline in a dozen years

Associated Press  

DETROIT — Tesla posted its first annual sales drop in more than a dozen years Thursday, undercutting a stock that has soared since Donald Trump’s victory on optimism Elon Musk’s close relationship to the president-elect will help the company. “And the first part of this grand strategic vision has taken shape.” The fourth-quarter sales, while a record for Tesla, show …

Tesla posts its first-ever annual sales drop
1 week ago

Tesla posts its first-ever annual sales drop

CNN  

New York CNN — Tesla reported the first full-year drop in sales in its history as a public company Thursday, as increased competition and slowing demand for electric vehicles hit its results. Tesla’s full-year sales of 1.8 million vehicles nonetheless edged out BYD’s annual EV total by 24,000, to retain the title of world’s largest EV maker. Tesla at one …

Tesla reports sales drop for 2024, first annual decline in at least 9 years
1 week ago

Tesla reports sales drop for 2024, first annual decline in at least 9 years

LA Times  

Tesla’s global annual sales fell for the first time in at least nine years in 2024. Tesla’s global annual sales fell for the first time in at least nine years, with a 2.3% increase in the final quarter not enough to overcome a sluggish start to 2024 despite offers of 0% financing, free charging and low-priced leases. Analysts polled by …

End of tax incentive results in cheap second hand Tesla’s being sold
1 week, 3 days ago

End of tax incentive results in cheap second hand Tesla’s being sold

NL Times  

A surge in the supply of second-hand electric cars has led to a significant drop in prices for many vehicles, particularly Teslas, which are now hitting the second-hand market after being leased. Rico Luman, a car market analyst for ING, said the price drop has made electric cars, including Teslas, more attractive to buyers. Still, many second-hand Teslas, particularly the …

The withering dream of a cheap American electric car
1 month, 3 weeks ago

The withering dream of a cheap American electric car

Live Mint  

The dream of a $25,000 electric vehicle for U.S. drivers is in trouble. Musk isn’t alone in taking a sour view of making a cheap EV for the U.S. “That market sucks,” Peter Rawlinson, chief executive of Lucid Motors, told me and my colleague Christopher Mims for our new podcast, called “Bold Names.” Lucid which has begun taking orders for …

Sales of new cars slump as drivers shun electric and diesel vehicles
Trending News
2 months ago

Sales of new cars slump as drivers shun electric and diesel vehicles

Daily Mail  

Sales of new cars fell by 6 per cent last month. Industry body the Society of Motor Manufacturers and Traders said 144,288 new cars were registered in October. Industry body, the Society of Motor Manufacturers and Traders said 144,288 new cars were registered in October. SMMT chief executive Mike Hawes said: ‘Massive manufacturer investment in model choice and market support …

Tesla Soars 4.43% on Strong Q3 Results, Up 1.29% on Nasdaq
Trending News
2 months, 2 weeks ago

Tesla Soars 4.43% on Strong Q3 Results, Up 1.29% on Nasdaq

Live Mint  

Tesla shares continue to rally, with the company reporting a strong third-quarter profit. The stock rose 4.43 per cent, reaching a new high of $269.11. Tesla's net income increased by 17%, marking a turnaround from the previous quarter's decline. The company's revenue also increased, contributing to the positive performance.

Tesla's Q3 Results: A Strong Comeback for the EV Giant
Trending News
2 months, 2 weeks ago

Tesla's Q3 Results: A Strong Comeback for the EV Giant

ABP News  

Tesla's Q3 net income rises 17% on strong sales, marking a turnaround for the company. The strong performance is attributed to robust electric vehicle (EV) sales, with the company projecting a 20-30% increase in sales for 2025. Tesla's cost-saving efforts have also contributed to the improved financial performance, with the gross profit margin reaching its highest level in a year.

Tesla's value dropped by $60 billion following 'glowing' unveiling of Cybercab robotaxi. Here's why
2 months, 3 weeks ago

Tesla's value dropped by $60 billion following 'glowing' unveiling of Cybercab robotaxi. Here's why

Firstpost  

Many analyst expected more specific data, such as timelines and production numbers, which are typically provided at Tesla’s events. Instead, the showcase focused heavily on branding and promoting Tesla’s broader vision, leaving the investment community with little to work with However, despite the big promises, many investors and analysts left the event feeling unsatisfied. Analysts pointed out that the presentation …

Tesla suffers first drop in UK sales since 2013
2 months, 3 weeks ago

Tesla suffers first drop in UK sales since 2013

The Telegraph  

Tesla’s UK revenues have fallen for the first time in more than a decade as Elon Musk’s electric car company grapples with a slowdown in demand. The drop in sales brings the company’s recent momentum to a halt in the UK, where it has enjoyed constant sales growth since 2013. Mr Musk’s business is also facing questions about its ageing …

Facing skepticism, Elon Musk unveils prototype for driverless robotaxi
2 months, 4 weeks ago

Facing skepticism, Elon Musk unveils prototype for driverless robotaxi

LA Times  

Elon Musk unveiled the Cybercab on Thursday night at a highly anticipated event on the Warner Bros. Studios lot in Burbank. Tesla Chief Executive Elon Musk presented a lofty vision for the future Thursday night, unveiling prototypes of a self-driving taxi and van that he said would revolutionize travel and claiming the electric car company would put fully autonomous vehicles …

GM delays Indiana EV battery factory amid weak US market growth, seals joint venture deal with Samsung
4 months, 1 week ago

GM delays Indiana EV battery factory amid weak US market growth, seals joint venture deal with Samsung

Live Mint  

Production at an electric vehicle battery cell plant jointly run by General Motors and Samsung SDI has been delayed as EV sales have slowed in the U.S. The companies finalized their agreement Tuesday to jointly run the new factory in New Carlisle, Indiana, near South Bend, but said production would not start until 2027. The project is GM’s fourth joint …

Indians who prepaid $1,000 to order Tesla EVs ask for their money back as cars fail to arrive
4 months, 3 weeks ago

Indians who prepaid $1,000 to order Tesla EVs ask for their money back as cars fail to arrive

The Hindu  

In April 2016, Elon Musk invited Indians to preorder the upcoming Tesla Model 3. To woo automakers like Tesla while also protecting domestic carmakers like Mahindra and Maruti Suzuki, India reduced its import duties to 15% from 70%-100% in March 2024 for EVs cheaper than $35,000 — as long the automaker commits to building a factory in the country within …

Indians wanting their money back for undelivered Teslas shows how drastically the EV market changed
4 months, 3 weeks ago

Indians wanting their money back for undelivered Teslas shows how drastically the EV market changed

Associated Press  

HANOI, Vietnam — In April 2016, Elon Musk invited Indians to preorder the upcoming Tesla Model 3. To woo automakers like Tesla while also protecting domestic carmakers like Mahindra and Maruti Suzuki, India reduced its import duties to 15% from 70%-100% in March 2024 for EVs cheaper than $35,000 — as long the automaker commits to building a factory in …

Indians who prepaid $1,000 to order Tesla EVs ask for their money back as cars fail to arrive
4 months, 3 weeks ago

Indians who prepaid $1,000 to order Tesla EVs ask for their money back as cars fail to arrive

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. To woo automakers like Tesla while also protecting domestic …

Tesla faces 45 per cent profit drop in Q2, Musk teases Robotaxi announcement in October
5 months, 2 weeks ago

Tesla faces 45 per cent profit drop in Q2, Musk teases Robotaxi announcement in October

India TV News  

Tesla, Elon Musk's electric automobile company has reported being in profit for the April-June period this year by USD 1.5 billion- which was down by 45 per cent from the same period in 2023. Total revenue was up 2 per cent at USD 25.5 billion, but automotive revenues were down 7 per cent to USD 19.9 billion, according to the …

Tesla’s 2Q profit falls 45% to $1.48 billion as sales drop despite price cuts and low-interest loans
5 months, 2 weeks ago

Tesla’s 2Q profit falls 45% to $1.48 billion as sales drop despite price cuts and low-interest loans

Associated Press  

DETROIT — Tesla’s second-quarter net income fell 45% compared with a year ago as the company’s global electric vehicle sales tumbled despite price cuts and low-interest financing. Tesla said it posted record quarterly revenue “despite a difficult operating environment.” The company’s energy-storage business took in just over $3 billion in revenue, double the amount in the same period last year. …

Tesla’s quarterly profit falls 45% as sales drop despite price cuts
5 months, 2 weeks ago

Tesla’s quarterly profit falls 45% as sales drop despite price cuts

LA Times  

Tesla’s second-quarter net income fell 45% compared with a year ago as the company’s global electric vehicle sales tumbled despite price cuts and low-interest financing. Earlier this month Tesla said it sold 443,956 vehicles from April through June, down 4.8% from 466,140 sold in the same period a year ago. For the first half of the year, Tesla has sold …

Statewide EV sales growth sees a drop. Tesla, once a California darling, hit hard
5 months, 3 weeks ago

Statewide EV sales growth sees a drop. Tesla, once a California darling, hit hard

LA Times  

When does a sales-growth downturn move from a temporary blip to a longer-term trend? After years of rapid expansion, electric vehicles sales growth in California trended down in the middle of last year and now has turned negative: 101,443 all-electric cars were registered in the state in 2024’s second quarter, down from 102,730 in the second quarter of 2023, a …

Electric cars: EV sales are slumping—but that doesn’t mean they're dead.
5 months, 3 weeks ago

Electric cars: EV sales are slumping—but that doesn’t mean they're dead.

Slate  

It’s tough to gauge how well the United States’ burgeoning electric vehicle industry is faring in 2024. EV ownership is increasingly politicized, in both directions—liberals horrified by Elon Musk’s far-right turn are fueling the Tesla sales slump, while right-wingers fearmonger over foreign EV companies and want to get electric cars off the road altogether. You can see this in the …

Rough road ahead for U.S. EVs despite upbeat quarterly sales
6 months ago

Rough road ahead for U.S. EVs despite upbeat quarterly sales

The Hindu  

Better-than-expected U.S. electric-vehicle sales in the second quarter brought relief to investors after a sharp slowdown in demand triggered by high interest rates, but EV makers still face obstacles ahead. EV sales globally are expected to rise to 16.6 million vehicles annually, from 13.7 million in 2023, according to the International Energy Agency, with China’s growth outpacing other regions. Tesla …

Tesla shares rally over 10% as quarterly deliveries beat estimates
6 months ago

Tesla shares rally over 10% as quarterly deliveries beat estimates

Hindustan Times  

Tesla's global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weakening demand for the company's products and electric vehicles overall. For the first half of the year, Tesla sold 830,766 electric vehicles worldwide, handily beating China's BYD, which sold 726,153 EVs. Tesla also sold over 33,000 more vehicles during the second …

US new-vehicle sales barely rose in the second quarter as buyers balked at still-high prices
6 months ago

US new-vehicle sales barely rose in the second quarter as buyers balked at still-high prices

Associated Press  

DETROIT — U.S. new-vehicle sales rose only slightly in the second quarter, despite larger discounts and slightly lower prices. Overall, U.S. sales were up only 0.1% compared to a year ago, as still-high prices kept many potential buyers out of the market, according to preliminary tallies Tuesday by Motorintelligence.com. The U.S. industry, he said, is at an inflection point where …

Tesla sales fall in Q2 despite price cuts
6 months ago

Tesla sales fall in Q2 despite price cuts

Associated Press  

DETROIT — Tesla’s global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weakening demand for the company’s products and electric vehicles overall. AP AUDIO: Tesla sales fall for second straight quarter despite price cuts, but decline not as bad as expected AP correspondent Tom Krisher reports Tesla sale numbers may be …

Early adopters, mainstream success, buyer’s remorse — where is the EV market headed?
6 months, 4 weeks ago

Early adopters, mainstream success, buyer’s remorse — where is the EV market headed?

LA Times  

The electric vehicle market is steeped in uncertainty. But one analyst says don’t fret: “Our long-term outlook for EVs remains bright.” That’s according to market researcher BloombergNEF, which released the 2024 version of its annual electric vehicle outlook report on Wednesday. Phillip Kampshoff, who leads McKinsey’s Center for Future Mobility in the Americas, said he’d seen EV sales as “a …

Tesla reclaims lead in electric vehicle sales despite year-on-year dip
7 months, 3 weeks ago

Tesla reclaims lead in electric vehicle sales despite year-on-year dip

India TV News  

Tesla, led by Elon Musk reportedly regained the top position in BEV sales in the first quarter of 2024, despite a 9 per cent decline. A new report showed on Monday that Tesla will take the top spot in BEV sales with a 19 per cent market share in Q1. According to Counterpoint Research, among the top three OEMs, only …

Tesla’s China-made EV sales fall 18% year on year in April
8 months ago

Tesla’s China-made EV sales fall 18% year on year in April

The Hindu  

U.S. automaker Tesla sold 62,167 China-made electric vehicles in April, down 18% from a year earlier, China Passenger Car Association data showed on May 7. China's new-energy vehicle sales including battery-powered EVs and plug-in hybrids were estimated to hit 8,00,000 units in April, up 33% on the year and a 2% drop from the month before, according to CPCA data. …

Tesla fires hundreds of employees a week after major profit slump
8 months, 1 week ago

Tesla fires hundreds of employees a week after major profit slump

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk is eliminating …

Tesla sales have peaked in California, industry group predicts
8 months, 1 week ago

Tesla sales have peaked in California, industry group predicts

LA Times  

Cars are parked in a lot at the Tesla factory in Fremont, Calif., in 2022. Tesla sold fewer vehicles in California for the second straight quarter, suggesting its popularity in the state may have peaked, according to a report from the California New Car Dealers Assn. While the electric car company still makes some of the top-selling models in California, …

Tesla Quarter 1 profit falls 55%, company plans move to cheaper vehicles
8 months, 2 weeks ago

Tesla Quarter 1 profit falls 55%, company plans move to cheaper vehicles

Hindustan Times  

Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles. On a conference call with analysts, CEO Elon Musk said he expects production to start in the second half of next year “if not late this year.” New factories or massive new …

Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles
8 months, 2 weeks ago

Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles

Associated Press  

Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles. On a conference call with analysts, CEO Elon Musk said he expects production to start in the second half of next year “if not late this year.” New factories or massive new …

Tesla’s first-quarter net income tumbles 55% as falling global sales and price cuts reduce profits
8 months, 2 weeks ago

Tesla’s first-quarter net income tumbles 55% as falling global sales and price cuts reduce profits

LA Times  

Tesla said it made $1.13 billion from January through March compared with $2.51 billion in the same period a year ago. Tesla’s first-quarter net income plummeted 55% as falling global sales and price cuts sliced into the electric vehicle maker’s revenue and profit margins. Tesla said in a letter to investors Tuesday that its vehicle sales growth “may be notably …

Tesla cuts prices amid global challenges
8 months, 2 weeks ago

Tesla cuts prices amid global challenges

China Daily  

This file photo taken on Jan 12, 2018, shows a Tesla logo seen in Los Angeles, California, the US. The world's largest EV maker by volume, which is owned by the technology billionaire Elon Musk, said it would reduce prices in all of its major markets, which include the US, Germany, and China. The Chinese smartphone maker Xiaomi has also …

Tesla cuts the price of its “Full Self Driving” system by a third to $8,000
8 months, 2 weeks ago

Tesla cuts the price of its “Full Self Driving” system by a third to $8,000

Associated Press  

NEW YORK — Tesla knocked roughly a third off the price of its “Full Self Driving” system — which can’t drive itself and so drivers must remain alert and be ready to intervene — to $8,000 from $12,000, according to the company website. The cuts, which occurred on Saturday, follow Tesla’s moves to slash $2,000 off the prices of three …

Tesla knocks $2,000 off prices for 3 EVs after shares crash 39% YTD on falling sales
8 months, 2 weeks ago

Tesla knocks $2,000 off prices for 3 EVs after shares crash 39% YTD on falling sales

Live Mint  

Tesla knocked $2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk. The company cut the prices of the Model Y, a small SUV which is Tesla's most popular model and the top-selling electric vehicle in the US, and …

Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
8 months, 2 weeks ago

Tesla cuts US prices for 3 of its electric vehicle models after a difficult week

Associated Press  

Tesla knocked $2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk. The company cut the prices of the Model Y, a small SUV which is Tesla’s most popular model and the top-selling electric vehicle in the U.S., and …

Elon Musk turned democrats off Tesla when he needed them most
8 months, 2 weeks ago

Elon Musk turned democrats off Tesla when he needed them most

Live Mint  

For years, the biggest cohort of Tesla buyers, politically speaking, has been Democrats. The proportion of Democrats buying Tesla vehicles fell by more than 60%, according to car buyers surveyed in October and November by researcher Strategic Vision. Other surveys have captured a pullback in consumers’ consideration of Tesla vehicles since Musk acquired the social-media platform in late 2022 and …

Tesla shares tumble below $150 per share, giving up all gains made over the past year
8 months, 3 weeks ago

Tesla shares tumble below $150 per share, giving up all gains made over the past year

Associated Press  

Tesla’s stock tumbled below $150 per share, giving up all of the gains made over the past year as the electric vehicle maker reels from falling sales and steep discounts intended to lure more buyers. Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to draw more buyers. Dan Ives, …

Tesla share price falls 37% in 2024 as Elon Musk’s EV maker suffers demand slowdown; market value drops below $500 bn
8 months, 3 weeks ago

Tesla share price falls 37% in 2024 as Elon Musk’s EV maker suffers demand slowdown; market value drops below $500 bn

Live Mint  

Tesla share price extended fall for 2024, pushing its market valuation briefly below $500 billion amid a round of job cuts this week underscoring that the company’s growth has slowed. Tesla shares have not closed with a market value under $500 billion since late April last year and stayed narrowly above the mark as of Tuesday’s close, Bloomberg News reported. …

Is the global EV bubble bursting? As global demand starts to slow, share prices tank and Tesla cuts 10% of the workforce....are car giants ready to slam the brakes on electric revolution?
8 months, 3 weeks ago

Is the global EV bubble bursting? As global demand starts to slow, share prices tank and Tesla cuts 10% of the workforce....are car giants ready to slam the brakes on electric revolution?

Daily Mail  

Elon Musk's announcement that Tesla will lay off ten percent of its workforce shocked many but it may be inline with figures that suggest the global demand for electronic vehicles is slumping across the world. In the first quarter of 2024, the two biggest manufacturers of electronic vehicles, Tesla and its Chinese rival BYD reported dramatic sales drops compared against …

Tesla to cut more than 10% of global workforce
8 months, 3 weeks ago

Tesla to cut more than 10% of global workforce

China Daily  

Tesla, facing increasing competition and declining sales of its electric vehicles, said Monday that it would lay off more than 10 percent of its global workforce to cut costs. "As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity," Tesla CEO …

The EV market is in trouble: The latest sign is Tesla’s layoffs
8 months, 3 weeks ago

The EV market is in trouble: The latest sign is Tesla’s layoffs

LA Times  

The Tesla Cybertruck is the first new electric vehicle the company has released in several years. The financial difficulties at Fisker, the Manhattan Beach electric vehicle startup, became so severe, its stock price so battered, that it’ll get kicked off the New York Stock Exchange on April 22, or, more formally, be “delisted.” The big question is whether current conditions …

Discover Related