SpaceX has accumulated nearly $5. 4 billion in tax losses, avoiding federal income tax. The company uses tax benefits, including loss carryforwards, made possible by changes in tax legislation in 2017.
Unplugged Performance introduced the UP Forged Road Warrior forged wheels for Tesla Model 3 and Model Y. They are advertised as "indestructible" with a lifetime warranty and feature a replaceable outer flange.
The US Air Force Test Center plans to acquire 33 target vehicles, including two Tesla Cybertrucks. This is necessary to prepare units for operations by simulating scenarios as close as possible to real-life situations.
The Chevrolet Equinox EV led sales among non-Tesla models in the first half of 2025, surpassing the Ford Mustang Mach-E. In July, GM sold over 8,500 Equinox EVs, marking a record month for any non-Tesla electric vehicle.
A Florida court ordered Tesla to pay $329 million for a fatal 2019 accident involving an autopilot. This is the first time the company's autopilot has been found to be involved in a fatal crash.
Kia America is recalling over 200,000 Telluride vehicles in the US. The reason is a possible detachment of the door handle trim.
Tesla no longer accepts orders for its luxury electric vehicles Model S and Model X in Europe. Buyers can only purchase pre-configured models, while Model 3 and Model Y are available for order.
President Trump will meet with a South Korean trade delegation to negotiate a tariff deal. South Korea is seeking to lower a 25% tariff set to take effect on August 1.
The European Automobile Manufacturers' Association called for additional incentives for electric vehicles after the largest drop in new car sales in 10 months in June. New EV registrations fell by 5.1% to 1.24 million, indicating a slowdown in demand growth.
Elon Musk's Tesla company is experiencing a crisis in the US electric vehicle market due to high prices, lack of charging infrastructure, and decreasing demand. Analysts predict a decline in demand due to tariffs, failed deliveries, and the cessation of subsidies.
Elon Musk announced plans to create a new artificial intelligence-based application called Baby Grok, aimed at a child audience. The project will be implemented by his startup xAI, founded in 2023.
Tesla is working on a new version of the Model 3 sedan, which may have the longest range in the lineup. The new model, named Model 3+, will have a single motor, rear-wheel drive, and LG triple lithium-ion cells.
Tesla has applied for a license to sell a new version of the Model 3 sedan in China. This single-motor rear-wheel-drive version is equipped with a triple NMC battery from LG, which was previously only available in all-wheel-drive models.
In the first half of 2025, Ukrainians purchased 22,000 used passenger cars from the USA, which is 4% more than last year. The most popular models were Tesla Model Y, Tesla Model 3, Ford Escape, Jeep Cherokee, and Nissan Rogue.
Elon Musk stated that he plans to hold a Tesla shareholder vote on investing in the xAI startup. This will deepen xAI's integration into Musk's business empire, despite no merger plans.
Linda Yaccarino, CEO of X Corp. , announced her resignation after two years. The Financial Times reports that the reason was disagreements with Elon Musk, whose direct style clashed with her sophistication, despite the successful expansion of X's advertising business.
Elon Musk called on Donald Trump to release the materials of the Jeffrey Epstein case, as he promised. This happened after the Department of Justice confirmed Epstein's suicide and the absence of a "client list."
Elon Musk's startup xAI has released Grok 4, a new flagship artificial intelligence model that, according to Musk, outperforms PhDs. Simultaneously, xAI introduced a new SuperGrok Heavy subscription for $300 per month, making it the most expensive on the AI market.
Tesla shares fell by more than 3% due to investor concerns about Elon Musk's focus after his announcement of creating a new political party in the US. This decision drew criticism from Donald Trump and concern from analysts regarding its impact on the company.
Consumer Reports analyzed over 300,000 vehicles for its 2025 reliability ratings. Rivian, Cadillac, GMC, Jeep, and Tesla were identified as the least reliable models.
Elon Musk announced the creation of a new political party, the "American Party," after polling his followers. The party's goal is to "restore freedom" to the United States, opposing the two-party system.
Hyper-competition from Chinese electric vehicles in Thailand threatens local production. Neta, one of the first Chinese brands in the Thai market, cannot meet the requirements of the state incentive program, which has led to payment delays and complaints from dealers.
China is finalising new safety regulations for driver assistance systems, which could give it an edge over global rivals. This contrasts with the US market, where such regulation is the focus of criticism.
Chinese automakers BYD and Chery increased sales by 40% in 2024, while Tesla faced an annual decline for the first time. This is due to the flexibility of Chinese companies, which develop new models in less than half the time required by competitors.
Buyers of the new Xiaomi SU7 electric car have faced a waiting period of up to one year, leading to complaints. Customers made a non-refundable deposit of 5,000 yuan, but were only informed of the long wait after confirming the order.
Chinese automotive brands, including BYD and MG SAIC Motor, have achieved more than 9% of the European market share for hybrid and electric vehicles. BYD plans to produce small cars in Europe next year.
A Tesla Model Y electric car independently drove from the factory to a customer's home in Austin, Texas, without a driver or remote control. The trip, which covered city roads and highways, demonstrates the company's progress in autonomous driving.
Xiaomi shares soared after the manufacturer sold 200,000 YU7 electric vehicles in three minutes. This exceeded analysts' expectations, which may force Tesla to reconsider prices in China.
Tesla's Robotaxi service, launched in Austin, has encountered regular incidents, including driving errors and unpredictable stops. Reddit users have recorded 11 videos of robotaxi malfunctions.
New Tesla car sales in Europe fell by 27. 9% in May, while overall electric car sales in the region rose by 27.2%. The decline is attributed to competition from cheaper Chinese electric vehicles and protests against Elon Musk's policies.
