According to Kelly Blue Book figures, US electric vehicle sales fell 36% to 234,171 units in the fourth quarter of 2025.
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All of the major players are vying for a major share of a ridehailing market estimated at $43 billion in the US and $150 billion worldwide.
Earlier this month, Tesla lost its title as the best-selling electric vehivle maker in the world to Chinese company BYD.
General Motors faces another speed bump thanks to a recent deal that will allow thousands of Chinese EVs into Canada.
Earlier this month, Tesla shared that it delivered about 1.6 million vehicles last year, a 9% drop from 2024.
The last three months of 2025 are only the start of a downturn for EV sales: The pace is expected to keep slowing next year.
The increased price targets came just a week after Rivian announced it had developed its own artificial intelligence chip.
Morgan Stanley cut its rating of Tesla for the first time in two years on Monday to “equal weight,” which is equivalent to a hold.
As the US races to establish its own rare earth supply chains, a handful of companies stand to benefit enormously from government support.
For Musk to secure the full bag, Tesla must reach 20 million delivered EVs and a market cap of $8.5 trillion, up from $1.54 trillion today.
Boston city council members are considering an ordinance that would require a “human safety operator” to be present in autonomous vehicles.
The new Model Y, dubbed the Model Y Standard, essentially fills the void of the expired tax credit with a starting price of $39,990.
In fact, the EV credit expiration sparked a record one sales quarter, with the company delivering 497,099 vehicles worldwide.
Sales of new electric vehicles fell 6.3% year-over-year in the second quarter, according to Cox Automotive analysts.
And yet, last week, Tesla scored a couple key brownie points from Wall Street analysts. So why the optimism?
In an interview with the Financial Times, BYD’s executive vice president Stella Li said just a handful of China’s 130 EV-makers will survive.