Sales of new electric vehicles in the US grew by 21% last quarter, reaching 10% of total deliveries, thanks to a $7,500 federal tax credit. However, a slowdown in EV sales is expected after the credit expires.
Elon Musk announced the development of Grokipedia by xAI, which will be an alternative to Wikipedia. The billionaire criticizes Wikipedia for political bias, stating that the new project will help xAI "understand the Universe."
Tesla has officially released an updated Model Y Performance in the US, accepting orders at a starting price of $57,490 before incentives. The new version has an EPA-estimated range of 496 km and accelerates to 96 km/h in 3.3 seconds.
Daniel Ek, Spotify's founder, is stepping down as CEO, transitioning to the role of executive chairman. He will be replaced by co-CEOs Gustav Söderström and Alex Norström, effective January 1.
Dozens of top managers have resigned from Tesla, xAI, and X due to an exhausting work pace, political disagreements with Elon Musk, and mass layoffs. This has led to the cancellation of the affordable electric car program and a reorientation towards robotics and AI.
Automaker BMW is expanding the availability of hydrogen cars, offering a new X5 with hydrogen fuel cells in all markets. This expansion is part of a strategy to diversify the model range, which includes five powertrain options.
New Volvo electric vehicles, including the mid-size EX60 electric SUV, will be equipped with advanced battery technologies available outside of China. The EX60, due out next year, will have battery options with two different chemical compositions and will use prismatic cells.
Owners of Kia EV6 2025 and EV9 2026 electric cars will be able to charge their cars without apps and cards thanks to the new Plug & Charge function. The system will automatically verify the car and process payment.
Fintech expert Olena Sosedka spoke about investing in securities as a way to preserve capital during wartime. She explained how to take the first steps, which instruments to choose, and which mistakes to avoid, and also emphasized the importance of portfolio diversification.
Elon Musk's father, Errol Musk, has been accused of sexually abusing five children and stepchildren for decades. Relatives repeatedly sought help from the billionaire, but he did not directly participate in police investigations.
Nissan is facing a reduction in the production of the third-generation Leaf due to difficulties with battery supply from AESC. This jeopardizes the company's return to stability and its competitiveness in the electric vehicle market.
Lexus, in collaboration with Complete Customs, has created the luxurious Glam LX SUV with a chameleon pearl finish and crystal emblems. The car's interior has been transformed into a mobile beauty studio with a dressing area, a vanity table, and retractable seats.
Tesla reported three accidents involving its Robotaxi service in Austin, Texas, which occurred within the first month of operation. The company, which has only about 12 vehicles in its fleet, has classified most of the details of the incidents.
Elon Musk spent about $1 billion to acquire Tesla shares, which led to a nearly 6% rise in the electric car manufacturer's securities. Investors reacted positively to this move, seeing it as Musk's faith in the future of the business.
Larry Ellison's fortune grew by $101 billion, reaching $393 billion. This allowed him to become the richest person in the world for the first time, surpassing Elon Musk.
Home appliance manufacturer Dreame Technology has announced its first ultra-luxury electric car, which is set to compete with Bugatti. The model will be unveiled at CES in the USA at the end of 2025, with mass production planned for 2027.
Tesla's board of directors has proposed a new $1 trillion compensation plan to Elon Musk, contingent on achieving ambitious goals. This includes significant growth in market capitalization, sales of millions of cars, and the development of new technologies.
The 2026 Porsche Cayenne EV will have a wireless charging option using an induction platform. The system operates with 90% efficiency and charges the car as fast as a cable up to 11 kW.
Billionaire Elon Musk received an invitation to a summit of technology leaders at the White House, but does not plan to attend. His representative will be present at the event, where other well-known tech giants are expected.
Tesla's Robotaxi app is now available to all iPhone users. The company is expanding services beyond Austin, Texas.
BMW introduces the new iX3 electric crossover on the Neue Klasse platform, featuring "super brains" and software. This is an ambitious attempt to challenge Chinese competitors and Tesla.
Elon Musk stated that Optimus robots will account for up to 80% of Tesla's value, despite a decline in electric car sales. Deliveries of robots to other companies may begin in the second half of 2026.
Tesla has received only about 600 orders in India since sales launched. This is significantly less than the company expected, raising doubts about its global growth prospects.
An opinion column by financial expert Olena Sosedka.
Toyota's global sales in July grew by 4. 8% thanks to electric vehicles and hybrids. Car production increased by 5.3%.
The European car market showed its largest growth in 15 months, increasing sales by 5. 9% in July. The growth is driven by demand for hybrid and electric vehicles, while Tesla is losing market share.
Elon Musk's startup xAI has filed a lawsuit in a US court against Apple and OpenAI. The accusations concern an illegal conspiracy to impede competition in the field of artificial intelligence.
The most expensive Tesla Cybertruck Cyberbeast pickup truck now costs $15,000 more. The price change occurred without official announcements amid weak sales of the model.
The new 2026 Nissan LEAF will be the most affordable electric car in the USA, starting at $29,990. It offers a range of up to 485 km and fast charging.
Elon Musk abandons the idea of creating his own political party, focusing instead on supporting Vice President J. D. Vance. The billionaire may financially support Vance in the 2028 presidential election.
