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Tesla, EV
Tesla faces major sales drop in an important EV market
EV automaker announced some pretty dismal numbers, including a net year-over-year sales decline and weak earnings numbers that included a 71% dip in net income to $2.3 billion. Despite signs pointing downwards,
Tesla’s sales drop double digits in the US’ biggest EV market, while others are growing
Tesla’s sales have dropped by double digits in California, the most important EV market in the US, all while the rest of the EV market is growing.
Tesla’s sales plummet across Europe
The country hosts Tesla’s only manufacturing plant in Europe. Sales of electric vehicles slowed sharply in Germany and France last year following a pullback in government subsidies, but demand has started to recover recently.
Ford Still Losing Billions on EVs
Ford Still Losing Billions on EVs, but Not All Is Lost
For the full year of 2024, Ford posted a net income of $5.9 billion on adjusted earnings of $10.2 billion. Its electric vehicle business, however, lost $5.1 billion, even worse than its loss of $4.7 billion the year prior. It expects to lose even more, $5.5 billion, on EVs in 2025.
Ford lost $5 billion on its EV business in 2024—and things could get worse this year
Ford is the first major automaker to report earnings since Trump signed an executive order stating that the U.S. would impose 25% tariffs on goods from Mexico and Canada, which would affect Ford.
Ford lost $5 billion on EVs in 2024, teases new models
Ford’s electric vehicle and software business lost $5.1 billion in 2024, up from $4.7 billion lost in 2024. And the automaker doesn’t anticipate any relief this year, when it predicts it will lose as much as $5.
7h
on MSN
Demand for Tesla nosedives in EV-friendly Europe amid jeers over Elon Musk’s endorsement of the far right
Popularity has plummeted in markets like Germany, a country still haunted by its fascist past, where Tesla's share of EV ...
2d
on MSN
Tesla could lose its big EV sales advantage in Washington state if lawmakers pass new rules
Tesla could soon lose its EV sales advantage as Washington lawmakers are taking their third shot at legislation to level the ...
46m
Tesla raises prices of Model X cars in US by $5,000
Tesla increased the prices of its Model S cars in the U.S. by $5,000, and hiked rates of all of its models in Canada from ...
Torque News
19h
Red Flag Warning - New Reasons Why You Should Re-Evaluate Your Tesla Stock Exposure In 2025 - Number Nine Is the Most Scary
Tesla stock has quite a journey. In 2025, there are new reasons why any investor, active or passive, may wish to check their ...
8d
How GM Topped Tesla To Become One Of The Fastest-Growing U.S. EV Makers
The Detroit carmaker is creating a domestic supply base to make EVs cheaper and profitable aided by Kurt Kelty, who landed ...
2d
Tesla is the only EV maker that can sell directly to consumers in WA. Lawmakers might change that
Washington wants more electric vehicles on the road. It’s offered generous incentives for EV buyers and set deadlines barring ...
12h
on MSN
Tesla Sales Collapse By Up To 63% In France, Germany, And UK
In Germany, Tesla sold 1,277 vehicles last month, representing a massive fall of 59.5% from January 2024. Sales of EVs fell ...
1d
Trump wants to end EV tax credits as Musk’s Tesla benefits from them
The same Biden-era EV policies that Trump wants to roll back are currently benefiting Tesla CEO and special government ...
autoevolution
15h
Mercedes-Benz EVs in the US Gained Access to Tesla Superchargers, but It's a Pain
Tesla now allows Mercedes-Benz EVs to use the Supercharger network, but owners will have to perform an update at the ...
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