Tesla requires suppliers to avoid China-made parts for US cars, as reported by the Wall Street Journal, and it sparks a flurry of thoughts, doesn’t it? The immediate reaction is often one of irony, considering Tesla’s significant manufacturing presence in Shanghai with its Gigafactory. However, it quickly becomes clear this isn’t just a Tesla-specific move; General Motors is reportedly doing the same.
The implications of this shift are considerable. It seems that the policy will apply specifically to US-bound vehicles. This could potentially lead to higher prices in the US, as Tesla navigates the complex landscape of establishing new supply chains.… Continue reading
Toyota opens US battery plant, confirms $10 billion investment plan, and the ripples of this announcement are already being felt, even if the plant itself is still relatively new. I can see the impact already, with the influx of construction, and the inevitable housing developments cropping up, changing the landscape. This massive investment promises to transform the local economy and create a significant number of jobs, estimated to reach around 5,000, which is fantastic news for the area.
This is a pretty big deal, and it’s exciting to think about the kind of economic boom this can trigger. It’s a reminder of what the Toyota plant in West Virginia did for that region.… Continue reading
General Motors anticipates a $1.6 billion negative impact in the next quarter due to the elimination of EV tax incentives and relaxed emissions regulations in the U.S. The company will book charges including impairment and other charges of $1.2 billion due to EV capacity adjustments. Additionally, $400 million in charges will result from contract cancellation fees and commercial settlements tied to EV-related investments. These shifts come amid a changing landscape as the government eases incentives for EVs, leading to reduced pressure on automakers, while competition increases from Chinese manufacturers like BYD.
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Tesla’s sales rout in some European markets continues for eighth months, and it’s easy to see why. The current situation feels like a perfect storm of factors, making it clear why sales figures are plummeting like a World War II bomber.
One significant hurdle is the shift towards a subscription model, which isn’t unique to Tesla but is still a turn-off for many potential buyers. People often bristle at the idea of paying extra for features they feel should be included in the base price, especially when competitors offer more attractive packages. This could be particularly true given the initial excitement around Tesla’s innovative offerings.… Continue reading
The BYD Yangwang U9 Track Edition, boasting a staggering 2,960 hp, has claimed the title of the world’s fastest EV by achieving a top speed of 293.5 mph, surpassing the Rimac Nevera’s previous record of 268.2 mph. This track-focused iteration of the U9 features a quad-motor powertrain, significantly outperforming the standard U9’s 1,287 hp and the Nevera’s 1,989 hp. While pricing details remain undisclosed, the Track Edition is expected to be more expensive than the $230,000 standard U9, but still potentially more affordable than the limited-production Nevera R.
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Tesla almost halves UK monthly lease fee as sales slump, The Times reports. Well, that’s certainly a headline that grabs your attention, doesn’t it? It seems like the electric vehicle market is facing some headwinds in the UK, particularly for Tesla, if we’re to believe the reports. A significant drop in sales – around 60% in July, to be precise, with the Society of Motor Manufacturers and Traders (SMMT) data backing that up – is leading Tesla to make some pretty drastic moves, like slashing those monthly lease fees.
The interesting thing is that this isn’t happening in a vacuum. Overall new car registrations in the UK also dipped in July, though the decline was only about 5%.… Continue reading
Tesla’s European sales experienced a fifth consecutive monthly decline in May, plummeting 28% across 30 countries despite overall electric vehicle market expansion. This poor performance contradicts CEO Elon Musk’s prediction of a “major rebound” following factory retooling, and investors are now anticipating a sales boost from a planned cheaper model later in the year. The sales slump has been particularly notable in Germany, where Musk’s public support for a far-right party has likely impacted sales, and SAIC Motor surpassed Tesla in European sales. Tesla’s recent struggles coincide with the launch of its robotaxi service in Austin, Texas, which is under scrutiny following videos of safety issues.
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Volkswagen surpassed Tesla in European EV sales during the first quarter of 2025, registering 65,679 battery electric vehicles compared to Tesla’s 53,237. While Tesla’s Model Y and Model 3 remained the top two individual EV models, Volkswagen’s overall sales increase of 157% contrasted sharply with Tesla’s 38% decline. This shift occurred despite a record-breaking quarter for overall European EV sales, highlighting Tesla’s struggles amidst PR challenges and production changes.
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Tesla has ceased taking Chinese orders for its US-imported Model S and Model X vehicles due to escalating US-China trade tariffs. These tariffs, reaching 145% on Chinese goods and 125% on US exports, render US imports prohibitively expensive in the Chinese market. While Tesla produces other models locally in Shanghai, the impact of these tariffs remains significant, potentially affecting its supply chain and sales. This move comes as Tesla faces slumping demand globally and challenges from Chinese competitors.
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Matt Underwood 
John Q. Hosedrinker