Tesla delivered 480,126 vehicles in the second quarter of 2026, far exceeding the Wall Street consensus of approximately 406,000. Production came in at 451,758 units. The delivery figure represents a 25% year-on-year increase and a 34% jump from Q1, when Tesla reported 358,023 deliveries. The Model 3 and Model Y accounted for 467,762 deliveries, or […]
Hong Kong-listed shares of Chinese EV makers surged on Thursday after June delivery figures beat expectations. BYD gained around 9% and Xiaomi climbed about 5%. BYD posted 403,472 vehicle sales in June, up 5.46% from the same month last year. Deutsche Bank said BYD’s second-quarter sales volume rose 58% from the previous quarter to 1.1 […]
Momenta is heading to the public markets. The self-driving software firm has opened its Hong Kong IPO, seeking up to $752mn to pour into AI research and robotaxis. The Momenta IPO would value the GM-backed company at close to $9bn. The Suzhou-based company started taking investor orders this week under stock code 6880. It is […]
The Trump administration has barred Polestar from selling new electric vehicles in the United States, denying the Geely-owned automaker authorization under the Connected Vehicle Rule. The decision, first reported by TechCrunch, means Polestar will not be able to sell any new models in the US once the rule’s software restrictions take effect for model year […]
Toyota is gaining on General Motors in the race for America’s sales crown, and the gap is now the narrowest it has been in half a decade. A new forecast from Cox Automotive, released on Wednesday, projects Toyota will sell approximately 1,250,000 vehicles in the United States through the first half of the year, up […]
Ferrari is replacing its Chief Marketing and Commercial Officer Enrico Galliera, who has held the role for more than 16 years, with former BMW Italy CEO Massimiliano Di Silvestre. The change takes effect July 1 and comes exactly one month after the controversial reveal of the Luce, Ferrari’s first fully electric vehicle, which sent the […]
Slate Auto revealed Wednesday that its electric pickup truck will start at $24,950, making it the cheapest new truck available in the United States. The Bezos-backed startup simultaneously opened preorders, converting more than 180,000 existing reservations into $300 nonrefundable deposits. Deliveries are expected to begin in the fourth quarter of this year. The price is […]
Honda R&D, the independent research arm of Honda Motor Company, has signed a multiyear joint research agreement with California-based QuantumScape to develop and manufacture solid-state battery cells. The deal, announced on June 18, makes Honda the second major automaker to formally partner with QuantumScape after Volkswagen. The agreement follows Honda’s completion of an in-depth technology […]
Lucid Motors is cutting 18 percent of its workforce, roughly 1,500 employees, just four months after the EV maker laid off 12 percent of its staff. The company said Monday that it has also eliminated the second production shift at its factory in Casa Grande, Arizona, and scrapped the chief operating officer role entirely. The […]
Uber is taking its robotaxi service to Houston. The company said on 17 June that it will launch a premium driverless service in the city by mid-2027, the second US market for its partnership with EV maker Lucid and self-driving startup Nuro. It is also the clearest sign yet of how Uber intends to fight […]
