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Ev Sales

All articles tagged with #ev sales

business3 hours ago

Tesla's Robotaxi Bet Faces Reality Check as EV Demand Slumps

Tesla’s ambitious robotaxi program, once touted as a transformative profit engine, has lagged behind promises and remains available in only two metros with safety monitors on board. As the company’s core EV sales slump (down 9% in 2025) and rivals like BYD take the lead, analysts warn that overblown robotaxi projections threaten Tesla’s growth story and share price, especially as Waymo expands autonomous rides and safety investigations mount.

via CNN|
#autonomous-driving#business#elon-musk
business11 days ago

Tesla Loses Global EV Sales Leadership to China's BYD

In 2025, BYD surpassed Tesla as the world's top EV seller with 2.26 million units sold, driven by growth in Europe and Latin America, while Tesla's sales declined due to softening demand and policy changes in the US. Despite the sales drop, Tesla's stock rose 11% in 2025, as Elon Musk shifts focus toward robotics and AI, indicating a potential strategic pivot away from traditional EV sales. Experts anticipate a challenging 2026 for the EV market, with possible recovery in 2027.

via Morning Brew|
#business#byd#electric-vehicles
business12 days ago

BYD Overtakes Tesla as Leading EV Manufacturer Amid Sales Decline

Tesla lost its position as the world's top EV seller to China's BYD in 2025 due to a 9% sales decline, while BYD's sales surged, especially in China and Europe. Tesla's focus has shifted towards AI and robotics, with concerns about future EV demand in the US following the end of federal incentives. Despite the sales drop, Tesla's energy storage business remains strong, and the company is developing new vehicles like the Cybertruck and Cybercab, with CEO Elon Musk optimistic about 2026.

via Bloomberg.com|
#automotive-industry#business#byd
business12 days ago

BYD Overtakes Tesla as Global EV Leader Amid Sales Decline

Tesla has lost its position as the world's largest EV manufacturer to Chinese automaker BYD, which saw a 28% increase in sales in 2025, while Tesla's sales declined for the second consecutive year. Despite Tesla's strong brand and assets, market maturity and competition from China have challenged its dominance, whereas BYD continues expanding globally, including a significant presence in the UK and record-breaking hypercar speeds. Tesla's future plans include new models and robotaxis, but the company faces stiff competition and market challenges.

via WIRED|
#business#byd#electric-vehicles
business12 days ago

BYD's Global EV Sales Surge Amid Mixed Domestic Performance

China's BYD is poised to surpass Tesla as the world's leading EV seller, with over 2.25 million battery-powered cars sold in 2024, marking a significant milestone despite slowing growth and increasing competition in China. Tesla's sales are estimated at around 1.65 million, facing challenges from new models, political issues, and rivals. BYD's expansion continues globally, especially in the UK and Latin America, while Tesla's CEO Elon Musk focuses on diversifying his business interests and boosting Tesla's sales.

via BBC|
#business#byd#china
business1 month ago

Tesla's Market Dominance and Challenges in 2023

Despite a 23% decline in Tesla's US sales in November, its market share increased from 43% to 56% due to a broader industry decline of 41%, highlighting Tesla's resilience amid increased competition and changing market dynamics. The sales drop was partly due to the end of a federal EV tax credit, and while Tesla's market share has decreased from 80% in 2019, it remains a dominant player, especially if EV sales rebound.

via Yahoo Finance|
#business#electric-vehicles#elon-musk
business2 months ago

U.S. EV Market Faces Challenges as Tax Credits End and Prices Rise

Ford's U.S. electric vehicle sales dropped 25% in October after the end of the federal tax credit, signaling a challenging year for EV sales, although overall vehicle sales increased slightly. Ford's stock declined modestly, but the company remains resilient due to its traditional auto sales and better-than-expected tariff impacts. EV makers like Rivian and Lucid also saw declines, reflecting broader market concerns about EV demand.

via Barron's|
#business#electric-vehicles#ev-sales
business2 months ago

Hyundai and Kia EV Sales Plummet After Tax Credit End

Hyundai's electric vehicle sales plummeted in October following the expiration of the federal tax credit, with a 63% drop in IONIQ 5 sales, although hybrid sales increased. Despite the decline, Hyundai remains optimistic about reaching record sales in 2025 and continues to offer incentives. The market disruption is attributed to a surge of buyers before the tax credit ended, affecting not only Hyundai but also other automakers like Ford, Kia, and Honda.

via Electrek|
#business#electric-vehicles#ev-sales
industry2 months ago

Ford Prepares for Q3 Earnings Amid EV Concerns and Market Expectations

Ford is expected to report its third-quarter earnings with a focus on record hybrid vehicle sales, especially the hybrid F-150, which could serve as a key earnings booster amid concerns over declining EV demand and supply chain disruptions caused by a fire at an aluminum plant. Despite challenges, Ford's stock has outperformed the market, and the company aims to improve margins and operational performance.

via MarketWatch|
#earnings#ev-sales#f-150