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Tesla’s Germany sales slump over 9% in September - report (TSLA:NASDAQ)
Seeking Alpha· 2025-10-06 14:20
EV maker Tesla’s (NASDAQ:TSLA) sales reportedly fell by 9.4% in Germany in September, selling 3,404 cars as the company face pressure from growing competition and political backlash against its CEO Elon Musk. So far this year, Tesla has sold 14,845 units ...
CarGurus Report Finds Strength in Automotive Demand as Shoppers Lean Toward Value and Premium Options
Globenewswire· 2025-10-06 13:00
CarGurus Q3 2025 analysis shows a two-track market influencing growth, with budget-focused buyers opting for older used vehicles and affluent shoppers fueling new luxury demand BOSTON, Oct. 06, 2025 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today released its Q3 2025 Quarterly Review. The analysis highlights how U.S. shoppers are adapting to a market shaped by ongoing affordability pressures. “On the whole, ...
This isn’t the first time Tesla has lost the EV tax credit
Yahoo Finance· 2025-10-03 08:00
During a rough week for electric-vehicle makers in the U.S., Tesla investors got at least one piece of good news on Thursday. The EV maker reported a pronounced increase in sales—better numbers than Wall Street had predicted, and a respite from the lagging deliveries Tesla has been reporting over the past two quarters. While analysts had expected Tesla to sell around 450,000 EVs over the three months ended in September, Tesla ended up delivering more than 497,000—about 100,000 more than the previous quart ...
Stellantis appoints new CFO in latest leadership shakeup
Yahoo Finance· 2025-09-29 15:11
His appointment represents the latest CFO swap by the automaker in two years, following the departure of long-time finance chief Richard Palmer — who served as Stellantis’ CFO for over two decades — in 2023, CFO Dive reported at the time. Palmer was succeeded by Ahold Delhaize veteran Natalie Knight, who stepped down in October 2024 when Ostermann assumed the seat. Palmer has remained at Stellantis as a strategic advisor, the company said as part of its June leadership changes.Laranjo most recently served a ...
Tesla shares drop on Musk, Trump feud ahead of Q2 deliveries
CNBC· 2025-07-02 00:29
Group 1: Tesla's Stock Performance and Market Expectations - Tesla shares have decreased by 7% from $323.63 to $300.71 ahead of the second-quarter deliveries report [1] - Analysts expect Tesla to report deliveries of approximately 387,000, reflecting a 13% decline from nearly 444,000 a year ago [2] - Prediction market Kalshi forecasts deliveries around 364,000, indicating lower expectations from traders [2] Group 2: Legislative Impact on Tesla - The One Big Beautiful Bill Act, which President Trump supports, is expected to negatively impact Tesla by cutting support for renewable energy and phasing out EV tax credits [4][5] - These legislative changes could reduce EV sales by about 100,000 vehicles annually by 2035, according to Energy Innovation [5] - The bill is projected to decrease renewable energy development by over 350 cumulative gigawatts, potentially affecting Tesla's Energy division [6] Group 3: Financial Implications and Regulatory Credits - Tesla has generated $11.8 billion in sales from automotive regulatory credits since 2015, which significantly contribute to its net income [8][9] - Regulatory credit sales accounted for approximately 60% of Tesla's net income in the second quarter of 2024, highlighting the importance of these incentives [9] - The company relies on federal and state regulations that mandate automakers to sell low-emission vehicles or purchase credits from Tesla [9]