The battle between Elon Musk and Pres. Donald Trump has rapidly escalated as the Tesla CEO lays out plans to launch a new political party. But the Texas-based automaker is already suffering collateral damage. Days after Tesla announced another sharp decline in sales for the second quarter, the automaker’s stock price is taking a sharp hit as investors race for the exit. More from Headlight.News.
“The party’s over,” said one key analyst. While domestic carmakers reported a modest upturn boost in sales for June, the U.S. auto market largely stalled out as buyers began pulling back due to price increases caused by the Trump tariffs on imported autos and auto parts. Headlight.News has more on the winners and losers.
After seemingly declaring a truce last month, Tesla CEO Elon Musk and Pres. Donald Trump went after each other again on Monday, the president threatening to trash federal subsidies for Tesla and SpaceX. It didn’t help the automaker’s stock as analysts warned of a sharp downturn in sales when Tesla reveals its second-quarter results on Wednesday. More from Headlight.News.
Chinese domestic automakers are becoming a major threat as they gain acceptance around the world with new, low-cost products, Ford CEO Jim Farley warns. But that’s not the only challenge facing Ford and other traditional manufacturers – particularly those in the U.S. There are Trump’s tariffs, for one thing, as well as a shortage of the skilled workers automakers depend on. More from Headlight.News.
On this week’s Headlight News podcast: Cadillac Delivers Most Expensive Model Ever, A New Oil Crisis, a Honda CR-V TrailSport Review, and This Week in Automotive History. Check it out at Headlight.News.
Between heat waves and major storms, the number of blackouts and brownouts has increased sharply in recent years, but a start-up launched by a former Tesla exec plans to use as many as 100,000 old EV batteries in “second-like” backup energy storage systems to minimize the risk of grid outages. More from Headlight.News.
A U.S. District Court judge has ordered the White House to release about $1 billion in funds set aside for the construction of a nationwide public EV charging network. The funds were frozen by Pres. Donald Trump as part of his campaign to rollback Biden-era electric vehicle mandates. But the administration is still pressing Congress to drop other EV programs, including federal tax credits of up to $7,500, reports Headlight.News.
Depending upon which set of numbers you examine, new vehicle sales are going to rise a bit in June or fall a bit in June. Ultimately, the impact of the Trump tariffs is being felt by automakers and the dealers that sell those vehicles. Go to Headlight.News where we try to make sense of what the experts are predicting.
Tesla’s first day of robotaxi service in Austin, Texas appeared to go off without a disastrous hitch. However, federal safety regulators are looking into situations where the vehicles may have broken local traffic laws. Meanwhile riders offered their largely positive reviews. Get details at Headlight.News.
Headlight News for the Week of 6-23-25 includes: Trump Iran Attack and Gas Prices; New Corvette Hypercar; Tesla Launches Robotaxi; and more.
On this week’s HeadlightNews podcast, we cover GM’s $4B investment in U.S. plants, tumbling EV sales in April, the impact of tariffs on import vehicle sales and Tesla CEO ElonMusk waving the white flag. Go to HeadlightNews to check it out.
After a first-quarter surge, EV registrations took a sudden tumble in April, the first fall in more than a year, according to industry data. The dip came despite a strong showing by several brands, including General Motors. The primary reason for the downturn as slowing demand by the giant in the battery-sector, Tesla. More from Headlight.News.