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?
11 months 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 the same time last year. Of the major electric vehicle manufacturers, only BMW saw a jump in sales in the first quarter compared against the same time last year, but the German auto giant's share price still fell Your browser does not support iframes. Of the major electric vehicle manufacturers, only BMW saw a jump in sales in the first quarter, but the German auto giant's share price still fell. Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to draw more buyers.

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History of this topic

Musk’s never been more powerful so why are Tesla shares tanking?
1 week ago

Musk’s never been more powerful so why are Tesla shares tanking?

Al Jazeera  

Sales of electric vehicles are down as Musk’s involvement in politics becomes a ‘distraction’, experts say. The “bromance” between United States President Donald Trump and tech billionaire Elon Musk was on full display on Tuesday when the White House South Lawn was transformed into a miniature Tesla showroom. Musk lined up Tesla cars to showcase the electric car producer’s latest …

Tesla share price jumps 5% after strong sell-off. Do you own?
1 week, 2 days ago

Tesla share price jumps 5% after strong sell-off. Do you own?

Live Mint  

Billionaire Elon Musk's electric vehicle maker, Tesla shares jumped 5 per cent on Wall Street open on Tuesday, March 11, amid a strong sell-off in the US stock markets. The benchmark US market indices, like the Dow Jones Industrial Average, tanked over 1 per cent, trading at 41,448.33 points in the early market session as of 10:30 a.m., compared to …

As Elon Musk's politics rises, Tesla loses 54% value since Election Day
1 week, 2 days ago

As Elon Musk's politics rises, Tesla loses 54% value since Election Day

Firstpost  

Amid extremist politics of Elon Musk, his electric vehicles company Tesla has seen 54% of its value fall since the highs in the weeks after the Election Day, with stock falling by 15% yesterday alone President Donald Trump claps as Elon Musk prepares to depart after speaking at a campaign event. While Tesla’s downfall is part of the broader US …

Tesla Tumbles Again As Investors Bail On Elon Musk's Suddenly Struggling Electric Vehicle Company
1 week, 3 days ago

Tesla Tumbles Again As Investors Bail On Elon Musk's Suddenly Struggling Electric Vehicle Company

Huff Post  

Elon Musk listens during an event in the Oval Office with President Donald Trump at the White House, Tuesday, Feb. 11, 2025, in Washington. via Associated Press Shares of Tesla slid again Monday as confidence in Elon Musk’s electric car company continues to disintegrate following a post-election “Trump bump.” Tesla shares tumbled 15.4%, to $222.15. Many analysts have attributed Tesla’s …

Tesla shares tumble almost 16% as US stock markets crash
1 week, 3 days ago

Tesla shares tumble almost 16% as US stock markets crash

India Today  

Tesla shares slid again Monday as confidence in Elon Musk's electric car company continues to disintegrate following a post-election "Trump bump". That's the lowest Tesla shares have traded since late October, reflecting investors' newfound pessimism as the automaker's sales crater around the globe. Many analysts have attributed Tesla's sagging stock - and auto sales - to Musk's support of President …

Elon Musk says balancing DOGE and CEO roles is tough as Tesla shares slide
1 week, 3 days ago

Elon Musk says balancing DOGE and CEO roles is tough as Tesla shares slide

India Today  

Elon Musk has admitted that running his businesses has become "very difficult", as he struggles to manage multiple roles, including his involvement with US President Donald Trump's administration and Tesla. The decline in Tesla’s value was greater than the combined stock market worth of Ford and General Motors, which together have a market cap of around $86 billion. MUSK STRUGGLES …

Tesla’s fortunes fall as Musk rises in Trump world
2 weeks ago

Tesla’s fortunes fall as Musk rises in Trump world

Live Mint  

Few brands have their image as closely tied to their CEO as Tesla. Back in 2022, before Musk waded into presidential politics, automotive consulting firm Strategic Vision found that 22% of car shoppers surveyed said they would “definitely consider" a Tesla for their next vehicle purchase. “At this point, we don’t see any signs of recovery," Edwards said, noting that …

"The worst advertising": Musk's politics takes toll on Tesla, investor says
2 weeks, 3 days ago

"The worst advertising": Musk's politics takes toll on Tesla, investor says

Salon  

Elon Musk's outsized role in the Trump administration is taking a toll on Tesla, according to an investor in the electric vehicle company that Musk has led since 2008. "For the first time in Tesla's history, sales last year didn't beat sales the year before," said Ross Gerber, who was an early supporter of Musk before becoming a recent critic. …

Tesla sales plunge amid Musk controversies as EV market expands
2 weeks, 6 days ago

Tesla sales plunge amid Musk controversies as EV market expands

NL Times  

In the Netherlands, the sale of fully electric vehicles increased in February despite an overall decline in new car registrations. Industry organizations BOVAG, RAI Vereniging, and RDC reported that 10,174 electric cars were sold last month, a 22 percent increase from a year earlier. The French automotive group Plateforme Automobile reported a 26 percent year-over-year drop in Tesla sales in …

Tesla’s sales and shares are slumping. Are Elon’s antics to blame?
3 weeks, 1 day ago

Tesla’s sales and shares are slumping. Are Elon’s antics to blame?

The Independent  

Tesla has emerged from the latest European car registration numbers looking like a mangled wreck at the side of the road. “Tesla’s car sales fell year-on-year for the first time in more than a decade in 2024 and the early 2025 numbers from key markets like California and the EU look worse still,” said Russ Mould, from broker AJ Bell. …

Tesla sales in Europe plummet by 45% as customers seem to sour on Elon Musk
Trending News
3 weeks, 1 day ago

Tesla sales in Europe plummet by 45% as customers seem to sour on Elon Musk

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. Those details emerging, along with a general downward trend …

Tesla’s EU sales dropped by half because of Elon Musk's antics in Germany’s elections
3 weeks, 2 days ago

Tesla’s EU sales dropped by half because of Elon Musk's antics in Germany’s elections

Firstpost  

Data from the European Automobile Manufacturers’ Association revealed that Tesla sold just 9,945 cars in January 2025, a sharp 45 per cent decline from the 18,161 sold in the same month from a year ago While Tesla’s sales took a nosedive, the broader electric vehicle market in Europe is thriving. Data from the European Automobile Manufacturers’ Association revealed that Tesla …

Tesla’s EU sales dropped by half because of Elon Musk's antics in Germany’s elections
Trending News
3 weeks, 2 days ago

Tesla’s EU sales dropped by half because of Elon Musk's antics in Germany’s elections

Firstpost  

Data from the European Automobile Manufacturers’ Association revealed that Tesla sold just 9,945 cars in January 2025, a sharp 45 per cent decline from the 18,161 sold in the same month from a year ago While Tesla’s sales took a nosedive, the broader electric vehicle market in Europe is thriving. Data from the European Automobile Manufacturers’ Association revealed that Tesla …

Tesla shares tumble nearly 9%, market value dips below $1 trillion. Here's why
3 weeks, 2 days ago

Tesla shares tumble nearly 9%, market value dips below $1 trillion. Here's why

India Today  

Tesla shares tumbled in overnight trading session, dropping below $1 trillion for the first time since November 2024. The decline followed data from the European Automobile Manufacturers Association, which reported Tesla’s sales in Europe fell 45% in January. Tesla’s stock currently trades at 112 times expected earnings, well above its five-year average of 93, as per LSEG data. Despite Tuesday’s …

Tesla stock sees massive plunge as abysmal sales figures released
3 weeks, 2 days ago

Tesla stock sees massive plunge as abysmal sales figures released

Raw Story  

Shares in Elon Musk's electric vehicle company Tesla tanked on Tuesday after new sales data showed a massive plunge in sales throughout Europe. Per The Guardian, new data from the European Automobile Manufacturers’ Association showed Tesla sales in the United Kingdom and the European Union dropped by 45 percent year over year, and the company's share of the European car …

Tesla floods Dutch used car market amid declining new sales
3 weeks, 6 days ago

Tesla floods Dutch used car market amid declining new sales

NL Times  

The Dutch secondhand car market is seeing an unprecedented influx of Tesla vehicles, with used car sales of the brand surging fivefold compared to last year. In January, 8,545 used Teslas changed hands, a sharp increase from the 1,707 transactions recorded in the same month last year. The sharp rise in secondhand Tesla sales is largely attributed to an influx …

Mercedes-Benz earnings are a bad sign for EV sales. What it means for Ford, Tesla.
1 month ago

Mercedes-Benz earnings are a bad sign for EV sales. What it means for Ford, Tesla.

Live Mint  

Mercedes-Benz stock fell in overseas trading after the German auto maker reported better-than-expected earnings but gave an outlook that doesn’t inspire the passion drivers might feel for a 300 SLR sports car. Mercedes sees sales falling slightly from the 1.98 million vehicles delivered in 2024. All-electric sales came in just under two million vehicles, down 1% year over year. Tesla’s …

Are Elon Musk’s politics costing Tesla sales?
1 month ago

Are Elon Musk’s politics costing Tesla sales?

CNN  

New York CNN — Tesla sales are in an unprecedented slide. There’s a lot of bad news for Tesla lately – but it’s unclear if the politics of its polarizing CEO, Elon Musk, are to blame. “It’s still too early to see any in the Tesla numbers,” said Stephanie Valdez Streaty, director of industry insights for Cox Automotive. There is …

Surge in used EV sales powers used car market growth
1 month, 1 week ago

Surge in used EV sales powers used car market growth

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. Read our privacy policy The UK’s used car market …

Tesla sales tumble across Europe
1 month, 1 week ago

Tesla sales tumble across Europe

Salon  

Tesla sales in Germany tumbled 59% in January to their lowest level in years as CEO Elon Musk's controversial political moves made headlines. The U.S. carmaker registered 1,277 new cars in January, its lowest monthly total since July 2021, Bloomberg reported, citing the German Federal Motor Transport Authority. UK Prime Minister Keir Starmer criticized Musk last month for “spreading lies …

Tesla sales plunging worldwide amid Musk’s new role in Trump White House
1 month, 1 week ago

Tesla sales plunging worldwide amid Musk’s new role in Trump White House

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. In China, one of the company’s largest markets, …

Tesla figures take major hit in five European markets
1 month, 1 week ago

Tesla figures take major hit in five European markets

China Daily  

This photo taken on April 15, 2024 shows a view outside a Tesla store in San Mateo, California, the United States. Tesla posted lower sales across five European countries in January, including the United Kingdom and France, as competitors with newer models gained on the electric vehicle maker and polls show public opinion souring on CEO Elon Musk. He has …

Are Tesla sales in Europe dropping because of Elon Musk's politics?
1 month, 1 week ago

Are Tesla sales in Europe dropping because of Elon Musk's politics?

Firstpost  

Tesla sales are plunging across Europe with the most precipitous declines in France, Germany and Italy. Reuters The battery market in Germany increased 54 per cent over the past month As per Financial Times, Tesla’s market share in Germany is down to four per cent from 14 per cent. The Tesla CEO’s popularity rating was 19 per cent in Germany …

Are Tesla sales in Europe dropping because of Elon Musk's politics?
1 month, 1 week ago

Are Tesla sales in Europe dropping because of Elon Musk's politics?

Firstpost  

Tesla sales are plunging across Europe with the most precipitous declines in France, Germany and Italy. Reuters The battery market in Germany increased 54 per cent over the past month As per Financial Times, Tesla’s market share in Germany is down to four per cent from 14 per cent. The Tesla CEO’s popularity rating was 19 per cent in Germany …

Tesla sales slump worldwide off the back of Elon Musk's political actions
Trending News
1 month, 2 weeks ago

Tesla sales slump worldwide off the back of Elon Musk's political actions

ABC  

Questionable hand gestures, antisemitic tweets, and linking arms with President Donald Trump; Elon Musk has become a master at alienating his audience. Giles Parkinson, founder of The Driven, said Mr Musk's "extraordinary" actions had contributed to Tesla falling out of the top five best-selling car brands in European markets, and now Australia was following suit. The research tracks EV sentiments …

Elon Musk’s Tesla sales tank across Europe; drop 59% in Germany. Here’s why
1 month, 2 weeks ago

Elon Musk’s Tesla sales tank across Europe; drop 59% in Germany. Here’s why

Live Mint  

Billionaire Founder and CEO Elon Musk's electric vehicle firm, Tesla Inc., sales across Europe dropped, indicating that the executive's political activities hurt the carmaker's business in the major EV market, reported the news agency, Bloomberg. Tesla's sales in Germany dropped 59 per cent, as the company registered only 1,277 new cars in January, according to German Federal Motor Transport Authority …

Tesla sales slump in Europe as ‘polarising’ Elon Musk blamed
Trending News
1 month, 2 weeks ago

Tesla sales slump in Europe as ‘polarising’ Elon Musk blamed

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Tesla‘s UK sales fell nearly 12% in January, even as monthly EV registrations in Europe‘s biggest battery-electric …

Elon Musk promises to Make Tesla Great Again. Investors are buying it – for now
1 month, 2 weeks ago

Elon Musk promises to Make Tesla Great Again. Investors are buying it – for now

CNN  

New York CNN — These should be tough days for Tesla. Musk took up most of a recent investor call promising imminent, major advances on self-driving cars, robotaxis and humanoid robots and promising that next year would be “epic,” rather than addressing the company’s fundamentals. Ives said beyond the promise of autonomous vehicles, Tesla’s plans to sell humanoid robots to …

Tesla's EV sales in California fall off a cliff, Model 3 down by over 36%, analysts blame Elon Musk
1 month, 2 weeks ago

Tesla's EV sales in California fall off a cliff, Model 3 down by over 36%, analysts blame Elon Musk

Firstpost  

Notably, sales of the Model 3 sedan, Tesla’s second-most important vehicle, fell by a staggering 36%. Overall, the electric vehicle maker saw a 12 per cent decline in annual registrations, according to data from the California New Car Dealers Association The tension between Musk and California has also led to some political consequences. After the election, Governor Newsom warned that …

EV demand stalls out in California as automakers face zero-emission sales mandate
1 month, 2 weeks ago

EV demand stalls out in California as automakers face zero-emission sales mandate

LA Times  

Demand for new electric vehicles has flattened in California, new sales figures show, raising questions as to whether automobile manufacturers can meet ambitious state mandates for zero-emission vehicle sales. Aside from Tesla, which sells only EVs, no other major manufacturer will meet the state’s 35% threshold for zero-emission vehicles in the upcoming 2026 model year, said Brian Maas, president of …

Tesla’s fourth-quarter results fall short of Wall Street estimates
1 month, 3 weeks ago

Tesla’s fourth-quarter results fall short of Wall Street estimates

LA Times  

Tesla’s fourth-quarter net income fell 71% from a year ago, when results were boosted by a one-time tax benefit. The electric vehicle company run by Elon Musk said Wednesday that it made $2.31 billion from October through December, less than the $7.93 billion profit it posted in the same period in 2023. Revenue in the quarter rose 2% to $25.7 …

EV charging firm sounds alarm over weak car sales as shares tumble
2 months ago

EV charging firm sounds alarm over weak car sales as shares tumble

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. Read our privacy policy Car charging company Pod Point …

Tesla outsells Audi for the first time, despite selling fewer vehicles than expected
2 months ago

Tesla outsells Audi for the first time, despite selling fewer vehicles than expected

Firstpost  

Audi’s sales were heavily impacted by increasing competition in key markets like Europe and China, combined with weak demand for its electric models. While the German premium car brand, Audi, delivered 1.67 million vehicles, Tesla managed to outsell it with 1.79 million deliveries Despite facing challenges, including a slight dip in deliveries and increased competition from China’s BYD, Tesla’s rapid …

RAY MASSEY: Electric dream could turn to a nightmare if the public don't buy it
2 months, 1 week ago

RAY MASSEY: Electric dream could turn to a nightmare if the public don't buy it

Daily Mail  

Two guests chatting at a party. That's the conclusion of the UK's Society of Motor Manufacturers and Traders following damning annual new car sales figures published this week. Car sales last year rose 2.6 per cent year-on-year to 1.953million, with Ford's Puma crossover the biggest seller. The reality is EV sales depend on fleet and company car users – with …

Uncertainty over Trump’s electric vehicle policies clouds 2025 forecast for carmakers
2 months, 1 week ago

Uncertainty over Trump’s electric vehicle policies clouds 2025 forecast for carmakers

Associated Press  

NEW YORK — Electric vehicle demand is expected to keep rising this year, but uncertainty over policy changes and tariffs is clouding the forecast. S&P Global Mobility expects global sales of 15.1 million battery electric vehicles in 2025, which would mark a 30% jump. Donald Trump’s presidency could mean big policy shifts in tax and other incentives for both electric …

The case for subsidizing electric vehicles
2 months, 2 weeks ago

The case for subsidizing electric vehicles

Live Mint  

Honda and Nissan recently announced plans to merge by 2026. Although a combination of private-sector innovation and support from Congress has driven the EV sector’s growth in the U.S., lawmakers are floating the possibility of ending consumer and manufacturing tax incentives for manufacturers and parts suppliers. Tate Reeves called the battery plant under construction in his state a “project of …

'Lost year': Electric car sales go into reverse in Germany
2 months, 2 weeks 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
2 months, 2 weeks 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 …

Elon Musk's Tesla sees first sales drop since 2011 as competition rises, Trump support holds back customers
2 months, 2 weeks 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
2 months, 2 weeks 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
2 months, 2 weeks 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
2 months, 2 weeks 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
2 months, 2 weeks 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 …

Electric cars took 89% of Norway market in 2024
2 months, 2 weeks ago

Electric cars took 89% of Norway market in 2024

Raw Story  

Electric cars accounted for 89 percent of the new cars sold in Norway last year, a report said Thursday, pushing the country closer to reaching its goal of going fully electric by 2025. Despite being a major oil and gas producer, Norway aims for all new cars sold to be "zero emission" starting in 2025, which is 10 years ahead …

Tesla posts its first-ever annual sales drop
2 months, 2 weeks 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’s annual sales fall for first time in company history
2 months, 2 weeks 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 …

Tesla reports sales drop for 2024, first annual decline in at least 9 years
2 months, 2 weeks 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
2 months, 3 weeks 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 …

'Crazy cheap' Teslas hit the market as Hertz fire sale intensifies after error buying 100,000 EVs
2 months, 3 weeks ago

'Crazy cheap' Teslas hit the market as Hertz fire sale intensifies after error buying 100,000 EVs

Daily Mail  

Hertz's decision to buy 100,000 Teslas has backfired badly - but it does mean cheap EVs are up for grabs. The company has started to scale back the amount of the vehicles they have in their stock, citing higher repair costs In the last week, a Hertz customer shared to Reddit with a deal they received to purchase a 2023 …

Honda-Nissan merger: EV boom cutting off auto giants' vroom?
3 months ago

Honda-Nissan merger: EV boom cutting off auto giants' vroom?

India Today  

Two of the world’s giant carmakers, Nissan and Honda, are taking steps towards a merger. While Honda’s net profit slumped by 19.7 per cent, Nissan’s fell drastically by 93.5 per cent. Rise of EVs “Electric car sales keep rising and could reach around 17 million in 2024, accounting for more than one in five cars sold worldwide," the Global EV …

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