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Tesla's sales have hit a three-year low, with a 13% drop in deliveries. The backlash against Elon Musk's political involvement and competition from BYD are major factors. Tesla faces intense scrutiny as shares tumble.
Car sales in the U.S. surged by 13.6% in March, with electric vehicles leading the charge. Automakers like GM and Ford reported significant gains, but looming tariffs could impact future sales.
In a surprising twist of March madness, car buyers rushed to dealerships to secure deals before impending auto tariffs. Major manufacturers like Hyundai and Ford reported significant sales increases amidst tariff fears, particularly in electric and hybrid vehicles.
With President Trump's 25% tariffs on imported vehicles set to take effect, auto dealerships brace for a surge in customers looking to avoid skyrocketing prices. Experts warn that costs for new and used cars could rise by thousands, pushing consumers to make hasty decisions.
In a stunning development, Tesla has been banned from federal EV rebate programs in Canada after the government froze $43 million in suspicious rebate claims. An investigation is underway as concerns mount over the legitimacy of Tesla's claims, which may have disrupted the market for other dealers.
In a stunning turn of events, Chinese automaker BYD has reported annual revenue of 777 billion yuan, surpassing Tesla. With a 29% increase from last year, BYD's rapid development in EVs and new battery technology is reshaping the market landscape.
Tesla's electric vehicle sales in Europe have dropped 49% in the first two months of the year amid increasing competition and backlash against CEO Elon Musk's political affiliations. This decline coincides with a 28.4% rise in overall EV sales, highlighting growing concerns over Tesla's aging lineup and Musk's controversial endorsements.
The FBI has announced a new task force to address escalating attacks on Tesla, including vandalism and arson. This initiative comes amid rising incidents targeting Elon Musk's electric vehicles and facilities across multiple states.
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