The U.S. State Department on Wednesday appeared to back down on plans to purchase $400 million in armored Tesla Cybertrucks amids mounting questions about a conflict of interest considering the automaker’s CEO Elon Musk plays a major role in the new Trump administration. But it’s unclear from an updated procurement forecast whether authorities will switch to other vehicles or have simply obscured their purchase plans.
EV sales appear likely to stagnate in 2025 in 2025, largely due to new roadblocks the Trump administration and Congress are ready to throw in the way, according to a new J.D. Power forecast. That could cause major headaches for automakers investing billions to bring more of the vehicles to market. But the research firm still sees demand rebounding later in the decade to the point where electric vehicles will account for more than a quarter of new vehicle sales.
After surging in the wake of last November’s presidential election, Tesla stock has gone into freefall since Donald Trump’s inauguration last month. A variety of factors, including slumping global sales linked to CEO Elon Musk’s increasingly tarnished reputation. His new $100 billion bid for OpenAI may add to investors’ worries, reports Headlight.News.
Pres. Donald Trump’s administration ordered a halt to a Biden-era program meant to provide $5 billion in funding for a nationwide network of EV charging stations. It’s the latest step by the White House to curtail EV adoption. But this program could hurt one of the most powerful men in Trump’s inner circle, Tesla CEO Elon Musk, who also runs the new Department of Government Efficiency.
Is it the “Musk Factor” at play? Industry analysts say a growing backlash aimed at Tesla CEO Elon Musk is clearly responsible for the carmaker’s sliding sales and market share in the key EV market of California, as well as in Europe. But that only complicates the challenges the automaker is facing from growing competition from both traditional automakers like Hyundai, GM and Ford, as well as th increasingly aggressive Chinese brands. More from Headlight.News.
In this week’s episode of the podcast, we talk about Trump’s tariffs and how they affect the automotive industry. We also highlight how many automakers are rethinking their EV plans amid changing market conditions.
Not long after General Motors revealed it was getting of its autonomous driving subsidiary, Cruise, Waymo is expanding the number of its testing cities and Tesla CEO Elon Musk made the technology part of his rosy forecast for 2025. Will self-driving cars make it or not? Get details at Headlight.News.
After reporting its first-ever year-over-year sales decline, Tesla Inc. fell short Wall Street analysts’ expectations, but after-hours investors seemed happy with the overall message from the EV maker, pushing the stock up in post-bell trading. Get details at Headlight.News.
Lucid’s long-awaited second vehicle, the Gravity SUV, comes with a few surprises now. The company revealed the ute is capable of traveling 450 miles on a charge with 400 kW fast charging. Perhaps most importantly, starting Jan. 31, it will use the NACS as its standard charging port, gaining access to Tesla’s Supercharger network.
The new Jeep Wagoner S marks a major milestone for the Stellantis off-road brand as its first global all-electric vehicle. The 2-row SUV made its debut in New York last May but we’ve only now gotten a chance to see whether it can deliver on all its promises. To find out, Headlight.News headed out to San Diego this past weekend to put the electric Jeep through its paces.
Tesla confirms the 2025 Model Y Juniper will arrive in showrooms this March with a starting price of $59,990 as the revamped crossover attempts to reassert itself in the marketplace. But will CEO Elon Musk’s venture into high-level politics impact sales of the eagerly awaited Model Y makeover.
Acceptance of electric vehicles continues to rise not just in the U.S. but around the world. One need only take a look at the 2024 sales numbers to see that buyers are more comfortable with potential EV-related shortcomings to enjoy the benefits of battery-powered vehicles. Get more details at Headlight.News.