#ev-market

#ev-market

The news comes as the electric vehicle (EV) maker looks for new ways to head off further declines in U.S. sales following the expiration of its federal tax credits, and comes amid continued backlash against the company for CEO Elon Musk's role in the U.S. government, coupled with growing competition in the EV market. Those federal EV tax credits of up to $7,500 expired on October 1, after President Donald Trump signed his One Big Beautiful Bill Act (OBBBA) into law.

Tesla Cybertruck sales figures are in. According to Cox Automotive, only 5,385 were sold in the third quarter. The vast majority of Tesla's sales are for the Model 3 and Model Y. Now, other Elon Musk companies are reportedly snatching Cybertrucks up for fleet duty. Tesla's once-hyped Cybertruck was billed as an apocalypse-proof cyberpunk machine capable of withstanding bullets and steel balls, while generating virtually limitless demand.

Porsche placed a padded wrist rest right beneath that and then designed the user interface to position the most important controls along the lower portion of the display, the part that's in line with your hand. The result is you can rest your wrist there comfortably, queue up your favorite playlist, and crank the ventilated seats, all without making any accidental taps on bumpy roads.

Tesla has been impacted significantly during CEO Elon Musk's absence, with earnings dropping 71% in Q1 due to his controversial political alignment and its effects on sales.

Despite the initial excitement surrounding its IPO, Rivian Automotive continues to face significant headwinds such as tariff issues, even as investors remain cautiously optimistic.