Tesla's Cybertruck Crisis Deepens with $200M in Unsold Inventory and Trade-In Rejections
Tesla faces mounting challenges as approximately 2,400 Cybertrucks worth $200 million remain unsold, while the company refuses to accept its own vehicles as trade-ins. The situation is compounded by plummeting resale values, service issues, and widespread protests against CEO Elon Musk's controversial positions.
Tesla's European Sales Slump: French Market Hits 4-Year Low Amid Growing Competition
Tesla faces significant challenges in European markets as French sales plummet 41.1% in Q1 2024, marking their lowest point since 2021. Chinese EV makers gain market share while Tesla grapples with aging products, increased competition, and brand reputation issues.
Tesla Enters Indian Market Amid Global Sales Slump and Market Challenges
Tesla makes a strategic move into India's growing EV market with showroom openings in Mumbai and Delhi, while facing significant sales declines in established markets. The expansion comes with challenges including pricing concerns and infrastructure limitations, though reduced import duties and limited Chinese competition present opportunities.
Tesla Faces Record Trade-ins as Brand Value and Market Share Decline
Tesla experiences unprecedented trade-ins to other brands amid falling sales, stock price, and brand value. Recent data shows mounting challenges for the EV maker as competition intensifies and consumer loyalty shifts in the evolving electric vehicle market.
Tesla Banned from Vancouver Auto Show Following Security and Political Tensions
Tesla has been removed from the Vancouver International Auto Show due to safety concerns amid growing protests and political tensions surrounding Elon Musk's controversial statements. The decision comes alongside mounting public backlash and the province's withdrawal of charging station rebates.
Tesla Cybertruck Sales Stall as Inventory Piles Up Despite Major Discounts
Tesla's futuristic Cybertruck faces mounting challenges as unsold inventory accumulates across North America, forcing discounts up to $6,000. The situation raises concerns about market viability and Tesla's production goals, even with federal tax incentives available for newer models.
Mercedes Pioneers 620-Mile Range Solid-State Battery Technology in EV Testing
Mercedes-Benz begins road testing revolutionary solid-state battery prototype promising 620-mile range - a 25% improvement over current lithium-ion technology. Developed with Factorial Energy, this breakthrough could transform EV capabilities with production vehicles planned before 2030.
Tesla's Global Sales Plummet Amid Growing Competition and Brand Challenges
Tesla faces severe sales declines across major markets in early 2025, with registrations dropping over 60% in key European countries and double-digit declines in China and California. Growing competition, reduced subsidies, and CEO Elon Musk's political activities are cited as key factors impacting the EV leader's market position.
Rivian Expands Commercial EV Market: Electric Vans Now Available to All US Businesses
Rivian breaks free from Amazon exclusivity, offering its commercial electric vans to all US businesses with models starting at $79,900. The move marks a strategic shift as the company aims to capitalize on the growing commercial EV market while introducing software subscription services.
Tesla Recalls Over 200,000 EVs Due to Critical Computer System Defect
Tesla initiates major recall affecting its entire vehicle lineup due to malfunctioning onboard computers that could disable essential safety features. The defect impacts recent builds from 2023-2024, requiring software updates and potential hardware replacements.