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Tesla Shares Plunge as Elon Musk’s Political Role Grows More Divisive

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The automaker’s shares soared after Election Day as Elon Musk took a high-profile role as a Trump adviser. Now those gains have evaporated.

Tesla’s China sales fall 49% in Feb. on competition from BYD

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Tesla's China sales fall 49% in Feb. on competition from BYD
Tesla (TSLA) shares stumble as the electric vehicle (EV) maker records its fifth consecutive month of declining shipments in China amid competition from domestic EV companies like BYD Company (1211.HK). Tesla has seen declining sales in other regions, including Germany and other European countries, as CEO Elon Musk breaks into right-wing politics. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan.

LEVC L380 launched in China under Geely Galaxy brand – price...

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LEVC L380 launched in China under Geely Galaxy brand – price slid by 10,935 USD

The LEVC L380 electric minivan was launched in China under the Geely Galaxy brand. Its price tag has been sliced by 80,000 yuan (10,935 USD).

The post LEVC L380 launched in China under Geely Galaxy brand – price slid by 10,935 USD appeared first on CarNewsChina.com.

Tesla Stock’s Election Rally Is All Gone—Erasing 91% Gain

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The latest Tesla stock dive came as tech stocks broadly sold off and UBS analysts called for another year of declining deliveries of Tesla’s electric vehicles.

Fronius GEN24 approved for use with BYD batteries in California

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Fronius GEN24 approved for use with BYD batteries in California
Fronius USA has announced that the California Energy Commission (CEC) added the Fronius GEN24 inverter to its Energy Storage System (ESS) listing when

Is Tesla really losing to BYD, or just playing a different...

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Tesla’s market share in China is leveling off, while BYD’s keeps rising. But is Tesla really losing—or just playing a different game?

China Feb NEV retail at 686,000, down 7.8% from Jan

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China Feb NEV retail at 686,000, down 7.8% from Jan
BEVs sold 427,000 units at retail in February, up 94.4 percent year-on-year and up 1.7 percent from January.

Tesla exports 3,911 cars from China in February, down 87%

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Tesla exports 3,911 cars from China in February, down 87%

Tesla exported 3,911 cars from its Shanghai plant in February, down 87% from 30.224 units last year and 86.8% down from January. The US automaker sold 26,777 cars in China, down 11.2% from last year and down 20.6% from January. The export numbers are the lowest since June 2022, when Tesla exported 968 cars from […]

The post Tesla exports 3,911 cars from China in February, down 87% appeared first on CarNewsChina.com.

Current Climate: China’s EV Edge Accelerates As U.S. Goes Into Reverse

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Current Climate: China’s EV Edge Accelerates As U.S. Goes Into Reverse
In this week's Current Climate newsletter, China's EV edge over the U.S. accelerates; clean hydrogen without federal subsidies; and the Pentagon's climate policy shift

Elon Musk’s Politics May Hurt Tesla Sales, China Car Group Says

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(Bloomberg) -- China’s Passenger Car Association warned that Elon Musk’s foray into politics risks hurting Tesla Inc.’s already plunging electric vehicle sales.Most Read from BloombergNJ College to Merge With State School After Financial StressTrump Administration Plans to Eliminate Dozens of Housing OfficesWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpInside the ‘Not Architecture’ of High Line Designers Diller Scofidi