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The Latest Breaking News on Ford U.S. EV Sales Decreased 11% In January 2024

Hertz Slows Down EV Plans As Tesla Price Cuts, Repair Costs Affect Profits

Hertz currently has around 50,000 EVs in its fleet, of which 35,000 are Teslas – far below the original target of 100,000 units announced two years ago.

InsideEVs

Elon Musk has lost $41 billon in 13 days as market sours on EV

Musk's Tesla wipeout has ballooned to $41 billon as the market sours on EV. Just look at Ford and GM.

Fortune

Why A Few Bad Quarters Won’t Spell Doom For The Electric Car Revolution

Don’t believe the hype. This is a test of endurance for automakers, not EVs themselves.

InsideEVs

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Teslas, Chevrolets Among Most Popular Electric Vehicles For Fleet Use [Update]

The Tesla Model 3 is America's most popular fleet EV with over 28,000 units sold between July 2022 and July 2023.

InsideEVs

Slow Tesla Model S, Model X Sales Force Panasonic To Cut Battery Output, Profit Forecast

Panasonic revealed today that had to reduce EV battery production at some of its plants in Japan to normalize inventories.

InsideEVs

Will China’s BYD Overtake Tesla as World’s Biggest EV Seller?

Shares of Chinese electric vehicle maker BYD Co (BYDDY ) are up +1.7% this month, handily beating the -17% plunge in shares of Tesla (TSLA ). BYD is poised to overtake Tesla as the world’s biggest seller of electric vehicles as sales increases for the company gain traction, while Tesla...

Barchart

Tesla Struggles As EV Stocks Decline; Earnings Reports To Bring Volatility

Tesla debuts on Fortune's fastest-growing companies list; Ford delays EV plans; Mercedes-Benz warns of brutal market

Zenger

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BYD All-Electric Car Sales Almost Passed Tesla In Q3 2023

An exceptional thing happened in the third quarter of 2023, as the two largest all-electric car manufacturers (OEMs) sold a similar number of vehicles.

InsideEVs

The Tesla Model Y Long Range Is Now $500 More Expensive

Tesla has just applied a slight price increase to the Model Y Long Range AWD version (by $500) in the United States.

InsideEVs

Hertz helped turn Tesla into a trillion dollar mega-cap stock—now it's become collateral damage in Elon Musk’s price wars

The rental agency catapulted Tesla into the mega-cap space, but heavy repair costs and salvage write downs on its EV fleet caused Q3 profit margins to nearly halve.

Fortune

Elon Musk and Tesla can perhaps breathe a small sigh of relief as they reportedly get a reprieve from the EU's China EV probe

It's good news on the regulatory front for Tesla, following disappointing earnings, tough China competition, and U.S. probes.

Fortune

Tesla Model Y On Track To Become Europe’s Best-Selling Car In September

On last month’s list of the 50 best-selling cars in Europe, there’s just one other full-electric model: the MG 4 crossover that sits in 44th place with 7,079 sales.

InsideEVs

Mercedes exec says EV market is a ‘pretty brutal space’ because price wars and high interest rates are making it an unsustainable business

“I can hardly imagine the current status quo is fully sustainable for everybody,” said Harald Wilhelm, Mercedes-Benz’s chief financial officer.

Fortune

Wuling Mini EV Cabrio Is Wildly Impractical And Absolutely Adorable

At around $14,000, this is the world's cheapest electric convertible.

Motor1

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The Guardian - UK

Mercedes says electric car market is ‘brutal’ for manufacturers

German company points to ‘intense price competition’, which it sees as unsustainable

Fortune

Elon Musk just lost $28 billion as Tesla took a beating. Now Toyota says ‘people are waking up to reality’ that EV adoption will be an uphill battle

"We’re transitioning to a brand new technology. It’s expensive. It requires people to have a different relationship with their vehicle that has been largely unchanged for decades," one expert said.

InsideEVs

Are You A Tesla Cybertruck Reservation Holder? Get In Touch With Us

This is our call to the 1 million+ Cybertruck reservation holders out there to help us crowdsource intel on Tesla's most anticipated electric vehicle ever.

Barchart

Up 60% in 2023, Analysts Expect This EV Stock To Triple

GreenPower Motor stock trades 91% below all-time highs, allowing you to buy the dip and benefit from potentially outsized gains when market sentiment improves.

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Barchart

4 Reasons Why Tesla and More EV Stocks Are Selling Off

EV stocks, including Tesla, have fallen sharply over the last couple of weeks, with some crashing to record lows. Here's what's wrong with the industry that once looked quite promising, and a look at what's next for EV stocks.

InsideEVs

GM And Honda Ditch Plans To Make Cheap Electric Cars Together

Last year’s collaboration was supposed to lead to the creation of several more affordable compact electric crossovers that would have been powered by GM’s Ultium batteries.

The Independent UK

Japan's automakers unveil EVs galore at Tokyo show to catch up with Tesla, other electric rivals

Toyota, Honda, Nissan and other Japanese automakers are serious about rolling out battery electric vehicles to catch up with the world's frontrunners like Tesla and BYD

InsideEVs

GM Ditches Goal Of Building 400,000 EVs In North America Through Mid-2024

GM is reworking its North America EV strategy and will no longer challenge Tesla's lead in the US EV segment amid slowing EV sales growth, higher labor costs.

InsideEVs

Tesla's Annual Vehicle Capacity Increased To Over 2.3 Million

Tesla, the world's largest all-electric car manufacturer, once again increased its potential annual manufacturing output, recently exceeding 2,350,000 units.

Zenger

Tesla Faces Call For Increased Advertising To Boost EV Awareness

Tesla urged to increase advertising efforts to boost public awareness and generate broader interest in its electric vehicles.

InsideEVs

Tesla's Market Share In US, Canada Is Up Again But Slowing Down

During the third quarter of 2023, Tesla once again improved its market share in some of the largest car market around the world.

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