Key Takeaways Tesla Model Y became China’s best-selling vehicle by volume in 2024, dominating in key cities. In Beijing, it was the top-selling car with 20,631 units, the only model to exceed 20,000 sales. In Shanghai, the Model Y led with 30,491 units sold, followed closely by the Model 3. Despite being second in Guangzhou…
Key Takeaways Philippine President Ferdinand Marcos Jr. welcomed Tesla’s entry into the country, highlighting its role in promoting a more environment-friendly transportation system. Tesla’s investment in the Philippines is seen as a major step in the nation’s fight against climate change, signaling more than just the introduction of high-tech cars. Marcos praised Tesla’s faith in…
Key Takeaways Elon Musk met with China’s Vice President Han Zheng before Trump’s inauguration to discuss U.S.-China economic relations. Han Zheng encouraged Tesla and other U.S. companies to engage with opportunities in China’s development. The discussion between Han Zheng and U.S. VP J.D. Vance included topics like fentanyl, trade balance, and regional stability. Tesla’s presence…
Key Takeaways Tesla has long been the leading EV producer, but Chinese manufacturers like BYD are becoming significant competitors. Chinese EVs are much cheaper, with models selling for as little as $10,000, making them accessible to more buyers. China’s dominance in battery manufacturing and government support is boosting its EV industry. The rise of affordable…
Key Takeaways Donald Trump announced at a rally that “TikTok is back,” as he pledged to sign an executive order granting more time amid U.S. law requiring TikTok’s divestiture from its Chinese parent, ByteDance. Trump proposed a joint venture with 50% U.S. ownership in TikTok, but details were unspecified and reliant on ByteDance’s agreement. During…
Key Takeaways Vivek Ramaswamy decides against joining the Department of Government Efficiency (DOGE) under Trump and aims to pursue the governorship of Ohio instead. Conflict arises between Ramaswamy and Elon Musk, as Musk purportedly undermines Ramaswamy during DOGE’s initial phase. The Ohio gubernatorial election will take place in November 2026, with Ramaswamy preparing to run…
Key Takeaways Tesla dominated the U.S. EV market in 2024, securing 48.7% of total sales. The Model Y and Model 3 were the top two best-selling EVs in 2024. Total U.S. EV sales in 2024 reached over 1.3 million units, marking a 7.3% year-over-year increase. Tesla’s sales were more than double those of all combined…
Key Takeaways Elon Musk’s gamer reputation took a hit as viewers ridiculed his poor performance in a livestream of “Path of Exile 2.” Musk was accused of faking his gaming skills, with some suggesting he hired help due to making basic errors inconsistent with his avatar’s high level. Criticism from the gaming community included a…
Key Takeaways Tesla is set to provide Megapack batteries for a new energy storage project in Harmignies, Belgium, with a projected cost of $87.4 million. The project will house a 75 MW/300MWh capacity within a former cement factory and is expected to be completed by the end of the year. Funding will be sourced from…
Key Takeaways Canoo, an EV startup, has filed for Chapter 7 bankruptcy and is ceasing operations immediately. The company struggled to secure additional funding and support, even attempting to access resources from the U.S. Department of Energy’s Loan Programs Office. Amid financial troubles, Canoo implemented restructuring efforts, including employee shifts and headcount reductions in California.…