Tag

Car Sales

All articles tagged with #car sales

Europe’s December EV Surge Dethrones Gas Cars for First Time
business29 days ago

Europe’s December EV Surge Dethrones Gas Cars for First Time

European buyers registered 308,955 new EVs in December across the EU, UK and EFTA, about 50% higher year over year, marking the first month EVs outsold gas-powered passenger cars. Hybrids remain the market leader, but EVs are closing the gap as more affordable models enter the market. For the full year, nearly 2.6 million EVs and about 4.6 million hybrids were registered in the region, while gas and diesel registrations fell significantly, signaling a continued shift toward electrification.

Tesla Introduces Budget-Friendly Model Y and Model 3 Amid US Tax Credit Changes
business4 months ago

Tesla Introduces Budget-Friendly Model Y and Model 3 Amid US Tax Credit Changes

Tesla has launched a cheaper, stripped-down version of its Model Y following the end of US EV federal tax credits, aiming to boost demand amid declining subsidies and rising competition, but shares fell as analysts questioned profit margins and demand weakens in Europe due to Musk's political activism and increased competition from companies like BYD.

Tesla's Q2 Earnings Preview: Expectations and Analyst Insights
business7 months ago

Tesla's Q2 Earnings Preview: Expectations and Analyst Insights

Tesla's upcoming Q2 earnings report is highly anticipated, with expectations of decreased sales and earnings compared to the previous year, influenced by delays in new vehicle models, policy changes affecting EV credits, and ongoing developments in AI and robotics. Investors are particularly interested in Elon Musk's statements and the company's future strategies, which could lead to significant stock movement.