Tesla faces second straight year of falling sales after another bad quarter
Tesla sales fell more than 13% compared to last year as the company struggles to find demand for its aging lineup, and as CEO Elon Musk continues to damage the brand.
EVs
Rivian receives the next $1B from Volkswagen as sales struggles continue
Rivian sales ticked back up in Q2 but were down 23% from the same quarter last year. The company has been dealing with affordability issues made worse by Trump’s tariffs and trade wars.
The electric Hummer is almost outselling the F-150 Lightning
GM’s EVs were popular in the second quarter, a complete contrast to the struggles by Ford, Tesla, Hyundai, and Kia to grow electric vehicle sales.
Ford EV sales fall 31% while hybrids rise
Ford sold fewer EVs in the second quarter, but a rise in hybrid vehicle sales.