Etiqueta: Elon Musk

NIO's record deliveries, improving vehicle margin outlook and battery swap edge are helping it outpace BYD as China's EV race tightens.

Analysts expect car group to unveil string of technological breakthroughs to combat slowdown in growth

Tesla's sales in Europe continue to decline, with a 10.5% decrease in September. BYD's sales surged by almost 400%.

Ex-Stellantis chief Carlos Tavares says Tesla is overvalued, losing ground to BYD amid 2025 sales drops, model delays, and a contested $1T Musk pay package.

A sign of how customers in the region are increasingly warming to the Chinese auto giant’s lineup of electric and hybrid vehicles.| Business News

Tesla, once the EV leader, is losing market share in China, Europe, and the US due to fierce competition from BYD, Ford, and others, alongside regulatory hurdles and price wars. Internal issues like production delays and Elon Musk's divided focus compound financial woes. A strategic reset is essential for recovery.

Elon Musk-led Tesla Inc. (NASDAQ: TSLA) could face steep challenges in the coming decade, with the company's long-term survival uncertain, according to former Stellantis (NYSE: STLA) CEO Carlos Tavares.

“We can’t rule out that at some point, he’ll decide to leave the automotive industry to refocus on humanoid robots, SpaceX, or artificial intelligence.”

For consumers, this shift could have ripple effects.

The auto industry has been buzzing this past week.