"Right now is a good reminder that while Tesla CEO Elon Musk is about to ask his shareholders for a trillion-dollar pay package, his car company is getting smoked pretty much everywhere. Arguably, nowhere is that more evident and urgent than in Europe, where electric-vehicle growth continues despite the United States backslidingand where Tesla's most potent rival isn't backing off. Welcome back to Critical Materials, our morning roundup of industry and technology news, coming soon to your inbox as well."
"When I took the reins here at InsideEVs two years ago (which, given everything that's happened in the auto industry since, feels like 50 years) I was adamant that EV publications like ours should cover much more than just Tesla. That was the norm in this space for a long time, but the industry's electrified transformation is much bigger than just one brand."
Elon Musk is preparing to request an enormous shareholder pay package while Tesla faces increasing competitive pressure worldwide. Tesla's car company is losing market share across multiple regions, with the shift most pronounced in Europe where EV adoption continues even as U.S. growth slows. BYD has emerged as a top global EV and plug-in hybrid manufacturer, overtaking Tesla in the UK and closing in on Germany after a surge in registrations and year-to-date sales. Established automakers like BMW report positive EV developments. Rivian's recent quarter mixed substantial challenges with some signs of potential improvement.
Read at insideevs.com
Unable to calculate read time
Collection
[
|
...
]