Musk Distorts State of Market Where Tesla Sales Have Crashed
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BYD's success in the EU comes despite the economic bloc's imposition of punitive tariffs on battery electric vehicles made in China last October.BYD sold more pure battery electric vehicles in Europe than Tesla for the first time ever last month — a "watershed moment" for the region's car market,
Multiple signs from the last two quarters indicate that sales of Tesla vehicles are declining more sharply than ever. The company is struggling to sell the
What began as one of the most hyped vehicle launches in recent automotive history has now veered off course. Tesla’s Cybertruck, introduced in late 2023 after years of delays and shifting promises, is now grappling with severe commercial turbulence.
Tesla’s rollout of its robotaxi will usher in a “golden age of autonomous” and could send the EV maker’s beaten-down soaring by 40%, WedBush analyst Dan Ives predicted Friday.
In April, the registration of Chinese electric vehicles increased 59 percent year-over-year, new data shows. The European Commission’s duties on made-in-China electric vehicles aren’t stopping the automakers from exporting to Europe. Meanwhile, Elon Musk’s increasingly toxic reputation continues to harm Tesla sales.
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Tesla is now pulling on all the demand levers in the US with new discounts and incentives as sales are crashing due to brand damage. Over the last few days, Tesla has introduced a series of new discounts and incentives in the US.
The Tesla Cybertruck may have entered the 2025 electric pickup race in pole position, but the advantage it had last year has already evaporated, analysts said earlier this week after tabulating vehicle registrations for the first quarter of the year.
Tesla's global vehicle deliveries reached approximately 1.79 million, reflecting a 1.1% decrease compared to the prior year. During the first quarter of this year, sales in the U.S. fell sharply by 13%,