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The Latest Breaking News from SP Global Mobility

Tesla's stock lost over $700 billion in value. Elon Musk's Twitter deal didn't help

The transformational automaker's market cap has dropped by a staggering amount over the past year. Blame new competition, sales that fell short of a lofty target — and a distracted CEO.

EXPLAINER: 2023 tax credits for EVs will boost their appeal

EXPLAINER: 2023 tax credits for EVs will boost their appeal

Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle

The Independent UK

EXPLAINER: 2023 tax credits for EVs will boost their appeal

EXPLAINER: 2023 tax credits for EVs will boost their appeal

Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle

The Independent UK

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Tesla has gone from 79% to 65% of the EV market in the pandemic. Here’s why S&P sees a fall to below 20% by 2025

Tesla “does not truly compete” in electric vehicles costing under $50,000, and rivals are ramping up production, says S&P Global Mobility.

Tesla Buyers Leave Honda And Toyota Much More Often Than Other Brands

Based on pricing, Tesla competes with luxury automakers. However, it seems mainstream car shoppers are more interested in making the switch to a Tesla EV.

Tesla Leads EV Market Share, But Rivals' Cheaper Models Are Gaining

Tesla has been the EV market share leader by a huge margin for a long time, and that remains the case. However, other brands are starting to make a dent.

Competitors chip away at Tesla's U.S. electric vehicle share

New electric vehicle models from multiple automakers are starting to chip away at Tesla’s dominance of the U.S. EV market, according to national vehicle registration data

The Independent UK

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Most electric car buyers don't switch back to gas

Most electric car buyers don't switch back to gas

When it's time to buy a new car, most existing EV owners go for another electric

Tesla And Ford Have High Brand Loyalty: What About New Customers?

Tesla has had high brand loyalty for some time, and now that Ford is making notable strides in the EV game, people are paying more attention.

Tesla Bucks Industrywide Trend, Sees Important Brand Loyalty Gains

Automotive brand loyalty fell for both mainstream and luxury marques since the beginning of inventory shortages in March 2021; not for Tesla, though.

Tesla's in the lead as U.S. electric car sales get supercharged

Tesla's in the lead as U.S. electric car sales get supercharged

Its rivals have lots of catching up to do.

Average Age Of Passenger Cars In US Rises Again, Now 12.2 Years

Average Age Of Passenger Cars In US Rises Again, Now 12.2 Years

283 million light vehicles are currently in operation in the country.

Electric Vehicle Cost May Go Up Due To Russian Invasion

Electric Vehicle Cost May Go Up Due To Russian Invasion

One study predicts that it could cost manufacturers up to $8,000 more to make an EV battery pack by the end of 2022, and this will increase the overall price.

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