The Latest Breaking News on Electric Vehicles

Tesla’s fall in numbers: The staggering profit drops that forced Musk to step back from DOGE

ANALYSIS : A 71 per cent drop in profits and tanking share price have forced Elon Musk to cut down his time as Trump’s costcutter-in-chief. Alicja Hagopian and Karl Matchett explore what happened

The Independent UK · Apr 23, 2025

Trump says US education is getting out of DEI ‘after being in that jungle for a long time’ – as it happened

Executive orders crack down on DEI at US universities but seek to increase affordability and retention at Black colleges. This blog is now closed.

The Guardian - US · Apr 23, 2025

Elon Musk to reduce role at Doge as Tesla struggles to sell cars

Elon Musk has said the time he spends with Donald Trump’s Department of Government Efficiency (Doge) will “drop significantly” from May and…

The National (Scotland) · Apr 23, 2025

Musk Blames Massive Tesla Losses on Political 'Blowback'

Tesla's Q1 2025 financial update is filled with bad news. There are all kinds of negative numbers inside, not the least of which being a year-over-year net income drop (attributable to common stockholders) of 71 percent.

Motor1 · Apr 22, 2025

Tesla Says Profits Plunge 71%, Warns Of 'Changing Political Sentiment'

Tesla reported a 71 percent drop in first-quarter profits Tuesday in results that lagged analyst estimates as Elon Musk's automaker warned of a hit to demand due to "changing political sentiment."

International Business Times · Apr 22, 2025

Elon Musk to pull back in Doge role starting May amid 71% dip in Tesla profits

CEO to pare back White House work to one to two days weekly as analysts say role has caused branding crisis

The Guardian - US · Apr 22, 2025

Most EV Buyers In The U.S. Won’t Buy A Gas Car Again: Study

Electric vehicles aren’t just better for the environment, they’re increasingly the smarter economic choice for your wallet, too. And according to a new McKinsey Company study, once people make the switch, they rarely look back.

InsideEVs · Apr 22, 2025

Volkswagen Wants A China Comeback With These New Cars

People often forget this today, but Volkswagen was among the earliest Western automakers to break into China. It launched a joint venture with the locals at SAIC in 1984, and that was the start of decades of sales and profits in what became the world's biggest car market. For its…

InsideEVs · Apr 22, 2025

We're At The Shanghai Auto Show To See The Future

When automotive executives in the United States and Europe talk about electric vehicles, they usually talk about tomorrow: the need to prepare for some vaguely defined "future" where their customers are largely moving beyond gasoline. But in China, that's not the future at all. It's the present.

InsideEVs · Apr 22, 2025

Tesla Is Bracing For Its Hardest Earnings Call In Years

Tesla is facing perhaps its most pivotal moment in recent history. The automaker's sales are slipping, investor confidence is dwindling and political pressure coming from within has stained the automaker's reputation. With its first earnings call of the year coming today, Tesla has a lot to answer for. I hope…

InsideEVs · Apr 22, 2025