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Tesla Delivers 480k Vehicles in Q2, Beats Estimates by Wide Margin
business9 days ago

Tesla Delivers 480k Vehicles in Q2, Beats Estimates by Wide Margin

Tesla delivered 480,126 vehicles worldwide in Q2, beating estimates of 396,466 and up about 25% from a year earlier as demand strengthens in China and Europe; BYD led global EV sales with 557,090. Tesla plans to spend over $25 billion this year on growth initiatives including Optimus humanoid robots and autonomous Cybercabs, and its energy storage deployments rose to 13.5 GWh last quarter, up 53% from Q1. Shares fluctuated, slipping after an initial gain.

via Yahoo Finance|
#business#byd#ev-market
Nio's Li bets on growth as China's auto market slows
business27 days ago

Nio's Li bets on growth as China's auto market slows

Nio founder William Li warned that China’s domestic auto retail sales may fall 15%–20% in 2026, even as the company targets 40%–50% annual growth, aided by strong demand for its Onvo and Firefly lines amid a broader shift to NEVs. The market remains weak, with January–May auto retail down about 19.5% and early June declines over 22%, but Nio posted solid momentum with 150,526 deliveries in Jan–May and profitability in Q4 and Q1. Li stresses long-term transformation through heavy R&D (over 68.8 billion yuan) and continued investment in charging and battery-swap networks, arguing the move to pure electric vehicles is irreversible and should expand Nio’s share as its multi-brand strategy scales."

via CnEVPost|
#business#china-auto-sales#ev-market
business3 months ago

Porsche Phases Out Gas-Powered Macan Ahead of New EV Era

Porsche will end production of the gas-powered Macan by mid-2026, with the all-electric Macan carrying the nameplate until a conventional ICE successor arrives; in Q1 2026 the ICE Macan sold 10,130 units out of 18,209 Macan total, showing ICE still outpacing its EV sibling as overall Porsche sales fall US 12.5% and globally 15%. The 718 is discontinued, the 911 remains a bright spot, and Porsche plans a Cayenne Electric amid a cooling EV market and the sunset of US EV incentives.

via Gear Patrol|
#business#ev-market#gas-powered-macan
Lucid Bets on Tesla S/X Exodus to Capture 350k U.S. Owners
business3 months ago

Lucid Bets on Tesla S/X Exodus to Capture 350k U.S. Owners

Lucid presents Tesla’s decision to retire the Model S and Model X as a major sales opportunity, estimating about 350,000 U.S. S/X owners could switch to its Air and Gravity, which offer more range, faster charging, premium interiors, and lower starting prices (Air from $71k vs Model S at $95k; Gravity from $80k vs Model X at $100k). It plans to sell roughly 25,000–27,000 vehicles this year, with Cosmos and Earth expanding mass-market appeal later; Tesla remains the U.S. EV leader, but the shift could boost rivals in the luxury segment amid Lucid’s production delays for Gravity.

via InsideEVs|
#business#electric-vehicles#ev-market
Nissan Delays Its Cheapest Leaf Variant Until 2027 Amid EV Market Shifts
technology4 months ago

Nissan Delays Its Cheapest Leaf Variant Until 2027 Amid EV Market Shifts

Nissan has confirmed that the entry‑level Leaf S with a smaller 52 kWh battery and 174‑hp drivetrain will not launch in the U.S. for the 2026 model year, with no firm timeline for 2027. While the Leaf remains Nissan’s most affordable EV, the delay—driven by market dynamics, tariffs, and competition—casts doubt on when a cheaper Leaf might reappear, and the company has kept its future battery configurations under review.

via InsideEVs|
#delays#electric-vehicle#ev-market
Tesla bets its future on humanoid robots, not cars
business5 months ago

Tesla bets its future on humanoid robots, not cars

Tesla signaled a dramatic pivot on its earnings call, planning to convert its Fremont Model S/X production space into an Optimus robot factory and pursue as many as 1 million humanoid robots per year. Musk frames Optimus as the key to universal abundance, but critics warn the goal risks eclipsing its core EV business as competition intensifies and tax credits fade; experts say humanoid robots face substantial technical and market hurdles and are unlikely to replace cars soon.

via CNN|
#business#elon-musk#ev-market
Tesla Loses Top EV Spot to China's BYD Amid Sales Decline
business6 months ago

Tesla Loses Top EV Spot to China's BYD Amid Sales Decline

Tesla lost its position as the world's top EV seller in 2025 due to declining demand, increased competition from Chinese automaker BYD and others, and brand reputation issues linked to Elon Musk's political activities. Despite lower sales and new model launches that haven't met expectations, investor optimism remains high, driven by Musk's focus on robotics and autonomous driving technology.

via Los Angeles Times|
#business#byd#electric-vehicles
Tesla's Q3 Profit Declines Despite Rising Sales and Robotaxi Plans
business8 months ago

Tesla's Q3 Profit Declines Despite Rising Sales and Robotaxi Plans

Tesla's quarterly profits declined for the fourth consecutive time despite a rise in vehicle sales, influenced by factors such as customers rushing to use a federal EV tax credit and increased diversification into AI and robotics. The company's revenue increased to $28.1 billion, but profit margins and earnings per share fell, raising concerns about demand and market competition. Elon Musk emphasized future growth in robotaxi and AI products, while investor confidence remains cautious due to ongoing challenges in the EV market.

via AP News|
#business#elon-musk#ev-market