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Tesla

Volex Profits Surge 25% as EV Charger Demand Skyrockets

Volex, a leading cable manufacturer, reported a 25% profit increase for the year ending March 2025, driven by soaring demand for its electric vehicle (EV) chargers. Despite concerns over U.S. tariffs under President Trump, the company’s strategic global operations and strong client base, including Tesla, fueled its financial success, pushing shares to a nine-month high,…

Xiaomi

Xiaomi’s $35,000 YU7 SUV Sparks Record Share Surge with 289,000 Pre-Orders

Xiaomi Corp.’s stock soared 8% to an all-time high after its $35,360 YU7 electric SUV, unveiled on June 26, 2025, drew an impressive 289,000 pre-orders in just one hour, signaling strong demand in China’s competitive EV market. Priced at 253,500 yuan, the YU7 undercuts Tesla’s Model Y by about $1,400, positioning Xiaomi as a formidable…

Tesla

Tesla Executive Omead Afshar Departs Amid EV Sales Slump and Robotaxi Push

Tesla’s vice president of sales and manufacturing for North America and Europe, Omead Afshar, has left the electric vehicle (EV) giant, marking another high-profile exit as the company navigates declining sales and a pivot to autonomous technology. The departure, confirmed by three sources familiar with the matter, comes as Tesla grapples with a 19% year-to-date…

Model Y

Why Fully Autonomous Cars Remain Out of Reach by 2030

The dream of fully autonomous cars continues to stall, leaving electric vehicle (EV) enthusiasts and industry watchers intrigued yet cautious. Despite early optimism following the US military’s Darpa challenge two decades ago, progress toward Level 5 self-driving cars—capable of driving anywhere in all conditions—has hit significant hurdles. A Bloomberg chart projecting automation levels through 2

Xpeng Ignites Share Surge with Affordable EV
Tesla

Tesla’s European Sales Drop 40.5% as Cheaper Chinese EVs Gain Ground

In May 2025, Tesla’s European sales plummeted for the fifth consecutive month, with only 8,729 vehicles sold across the European Union—a 40.5% decline from the 14,682 units sold in May 2024, according to data from the European Automobile Manufacturers Association. As demand for electric vehicles (EVs) grows, Tesla’s struggles highlight shifting consumer preferences toward affordable…

Tesla Robotaxi Mishaps Spark Safety Concerns in Austin Trials
Tesla

Tesla Robotaxi Mishaps Spark Safety Concerns in Austin Trials

Tesla’s robotaxi trials in Austin, Texas, have hit roadblocks, with videos from riders revealing multiple driving errors just days into the public test. The incidents, reported by Reuters, highlight challenges in Tesla’s self-driving software as the company pushes toward autonomous vehicle dominance. Early Trials, Early Troubles On the first day of testing, Tesla’s robotaxis—standard Model…

Tesla Cybertruck Prices Plummet as New Models Hit the Market
Elon Musk

European EV Sales Surge as Plug-In Hybrids Lead the Charge in May 2025

Europe’s electric vehicle (EV) market gained momentum in May 2025, with new-car registrations climbing 1.9% to 1.11 million units, according to the European Automobile Manufacturers’ Association. This uptick, driven by robust demand for plug-in hybrids and battery-electric cars, signals a shifting landscape for EV owners and enthusiasts amid global trade tensions and growing competition. The…

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