15 h. ago Tesla sales slump once again as Musk pays price for Trump ties

Tesla’s biggest rival BYD saw electric vehicle sales hit new high in June

Economics

32 h. ago Tesla vehicle deliveries drop sharply as Musk backlash affects demand

Tesla said it delivered 384,122 vehicles in the second quarter, down 13.5% from 443,956 units a year agoTesla posted another big drop in quarterly deliveries on Wednesday, putting it on course for its second straight annual sales decline as demand falters due to backlash over CEO Elon Musk’s political stance and an aging vehicle lineup.Tesla said it delivered 384,122 vehicles in the second quarter, down 13.5% from 443,956 units a year ago. Analysts had expected it to report deliveries of about 394,378 vehicles, according to an average of 23 estimates from financial research firm Visible Alpha, though projections went to as low as 360,080 units based on estimates from 10 analysts over the past month. Analysts use the number of vehicles delivered to customers as a metric of success to evaluate both automotive sales and production. Continue reading...

Politics

59 h. ago One country where Tesla deliveries have risen as sales drop elsewhere

The EV-maker has continued to face challenges as competitors gain market share and CEO Elon Musk's popularity declines

Politics

8 d. ago Voices: As Tesla’s sales continue to slump, is it time for Elon Musk to step aside?

The former ‘first buddy’ is back in the driving seat of his car business, but hasn’t been able to take the brakes off decline in the key European market since leaving the White House. So who else might be able to turn around the fortunes of the EV juggernaut, asks James Moore

Politics

2 w. ago The 10 best Tesla alternatives 2025: Our favourite rivals to Elon Musk’s EVs

Gone off Tesla lately? Try these 10 top alternative electric cars instead

Politics

2 w. ago ‘This is the looting of America’: Trump and Co’s extraordinary conflicts of interest in his second term

Bitcoin, internet, EVs, private dinners for hire – the list of pay-for-play and quid quo pro goes on, and on and onThe South Lawn of the White House had never seen anything like it. The president of the United States was posing for the world’s media against a backdrop of five different models of Tesla, peddling the electric vehicles with the alacrity of a salesman on commission.“I love the product, it’s beautiful,” Donald Trump said as he sank into the driver’s seat of a scarlet Model Y. With the Tesla CEO, Elon Musk, beside him, he went on to enlighten the American people that some Tesla models retail for as little as $299 a month, “which is pretty low”. Continue reading...

Politics

4 w. ago Tesla stock plunges as Musk's feud with Trump over GOP tax bill spooks investors

Shares of Elon Musk’s electric vehicle maker are falling sharply Thursday as investors fear his dispute with Donald Trump could end up hurting the company

Economics

4 w. ago UK sales of new Tesla cars slump by more than a third amid Musk backlash

Electric carmaker sold 36% fewer cars year on year in May as it loses ground to China’s BYD and other rivalsBusiness live – latest updatesSales of new Tesla cars slumped by more than a third in the UK last month as the electric carmaker lost ground to China’s BYD and other rivals, amid a political backlash against Tesla’s billionaire boss, Elon Musk.Tesla sold 2,016 vehicles in the UK in May, down from 3,125 in May 2024 – a 36% drop, according to the monthly snapshot from the Society of Motor Manufacturers and Traders (SMMT). Continue reading...

Politics

4 w. ago Tesla drivers are ditching their cars and buying Polestars in record numbers

Polestar boss says his dealers are converting Tesla owners ‘at a fairly high rate’

Transport