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China's BYD has overtaken Tesla as the world's best-selling maker of electric cars. In the final quarter of last year, BYD, backed by Warren Buffett, sold 526,409 fully electric vehicles, outpacing Tesla's 484,507.
Tesla

Beijing Strikes Back at Biden’s Tariff Hike on Chinese Imports

Tensions Flare Over New Tariffs on Chinese Goods The recent escalation in the U.S.-China trade war has Beijing fuming. The Biden administration’s decision to significantly increase tariffs on Chinese imports, including a steep rise on electric vehicles, has sparked promises of retaliation from Chinese officials. As both nations brace for the fallout, the global economic…

Collision Course: Tesla Sued Over Inflated Insurance Rates Model Y. Photo courtesy of Tesla, Inc.
Tesla

Tesla Faces Fraud Suit Over Self-Driving Claims

A recent ruling has propelled Tesla into the legal spotlight as a federal judge determined that the company must face a lawsuit alleging fraudulent claims about its self-driving capabilities. The case, brought by California resident Thomas LoSavio, centers on statements made by Tesla and its CEO, Elon Musk, suggesting their cars could achieve full autonomy,…

NIO

Nio’s New Brand Onvo Aims to Outshine Tesla

Chinese electric vehicle (EV) manufacturer Nio has unveiled Onvo, a new, budget-friendly sub-brand set to challenge Tesla in the competitive EV market. The first car from this brand, the L60 SUV, is positioned to be a significant contender, offering a competitive edge by undercutting Tesla’s Model Y by $4,000. Onvo’s L60: A New Player in…

Tesla's Bold Proposition: Pushing for Greener Standards - Earnings Soar, Margins Dive in Tesla's Q2 Rollercoaster - Tesla Connector Supercharges Electrify America
Tesla

Elon Musk’s Sudden Overhaul of Tesla’s Charging Network: A Closer Look

A Surprising Turn of Events Last month, Tesla’s electric-vehicle charging division faced a dramatic upheaval. What began with high hopes for expansion led to mass layoffs, shocking the industry. Reuters investigated the series of events and their potential impact on Tesla and the broader EV market.. The Lead-Up: High Hopes and Sudden Cuts On the…

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