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Elon Musk

Every EVXL story tagged “Elon Musk” — newest first.

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Hybrids Take Lead as Electric Vehicle Sales Plummet in California—A Wake-Up Call for EV Industry
Tesla

Tesla Sales Rebound in UK with 3.7% June Growth Amid EV Market Surge

In June 2025, Tesla’s UK sales climbed 3.7% to 7,700 vehicles, a modest recovery after a sluggish first half, according to data from the Society of Motor Manufacturers and Traders (SMMT). This uptick follows a 1.3% year-to-date decline, with 22,700 Tesla vehicles registered in the UK through June. The broader electric vehicle (EV) market also…

Lucid Motors Smashes Delivery Records in Q3 2024, Faces Production Hurdles
Lucid

Rivian, Lucid Poised to Gain as Trump Tax Bill Ends EV Credits

On July 3, 2025, shares of Rivian Automotive Inc. and Lucid Group Inc. surged by up to 4.6% and 8.8%, respectively, following a BNP Paribas analysis suggesting that the electric vehicle (EV) manufacturers could benefit from President Donald Trump’s tax bill, which eliminates the $7,500 EV tax credit after September 30, 2025. Bloomberg reports that…

Meanwhile Giga Berlin started to crank out Tesla Model Y vehicles
Tesla

Tesla Sales Plummet 60% in Germany as EV Market Grows in June 2025

In June 2025, Tesla’s sales in Germany dropped by a staggering 60%, with only 1,860 vehicles sold compared to the previous year, according to the German road traffic agency KBA. Despite a robust 8.6% rise in overall battery electric vehicle (EV) registrations, Tesla’s decline highlights mounting challenges for the U.S. automaker in Europe’s largest car…

Morgan Stanley Downgrades Lucid, Rivian to Sell, Warns of 'EV Winter' Into 2026
Lucid

Lucid’s Q2 2025 Deliveries Climb 38% but Fall Short of Expectations Amid EV Market Shifts

On July 2, 2025, Lucid Group, Inc. reported a 38% increase in second-quarter vehicle deliveries, reaching 3,309 electric vehicles (EVs), up from 2,394 in Q2 2024. However, the figures missed Wall Street’s expectations of 3,611 units, reflecting challenges in the luxury EV market as economic pressures push consumers toward cheaper hybrids and gas-powered cars, according…

Tesla

Tesla’s Q2 2025 Deliveries Drop 14%, Yet Stock Rises on Better-Than-Expected Results

Tesla’s second-quarter 2025 deliveries declined by 14% compared to last year, but the numbers proved less severe than anticipated, boosting the company’s stock price. According to a post on X by Sawyer Merritt on July 2, 2025, Tesla delivered 384,122 vehicles, including 373,728 Model 3 and Model Y units, and 10,394 other models like the…

Tesla’s German Sales Collapse 55% While BYD Surges in 2025
Tesla

Tesla Model Y Drives Sales Surge in Norway and Spain Amid European Challenges

In June 2025, Tesla’s revamped Model Y sparked a significant sales boost in Norway and Spain, signaling strong demand for the updated electric SUV despite broader market struggles. According to Reuters, Tesla’s registrations in these countries surged, driven by the Model Y’s appeal, even as the company faces competition and backlash over CEO Elon Musk’s…

Trump’s “Big Beautiful Bill” Sparks Outrage Over EV Tax Credit Cuts
Tesla

Trump’s “Big Beautiful Bill” Sparks Outrage Over EV Tax Credit Cuts

The U.S. Senate narrowly passed the “Big Beautiful Bill” on July 1, 2025, a sweeping legislative package championed by former President Donald Trump, sending it to the House for final approval. This 940-page bill, which includes a $5 trillion federal debt ceiling increase and cuts to entitlement programs, has ignited controversy among electric vehicle (EV)…

Tesla

Trump Threatens Tesla Subsidies, Musk Dares to “Cut It All” Amid EV Tax Credit Clash

On July 1, 2025, U.S. President Donald Trump escalated tensions with Tesla CEO Elon Musk, threatening to review federal subsidies for Musk’s companies, including Tesla’s electric vehicle (EV) incentives, via the Department of Government Efficiency (DOGE). This follows Musk’s sharp criticism of Trump’s $3.3 trillion tax and spending bill, which eliminates the $7,500 EV tax…

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