Vehicle sales articles
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Tesla profits plunge as it grapples with slumping electric vehicle sales
Mounting competition in the stuttering electric vehicle market is taking the juice out of Tesla. The automaker's first-quarter profit plummeted 55% as falling global sales and price cuts sliced into the EV maker's revenue and earnings. The company said Tuesday it made $1.13 billion in profit from January through March, compared with $2.51 billion in the same period a year ago. Revenue was $21.3 billion, down 9% from last year, the company said.Tesla executives blamed the dip partly on EV sales...
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Luxury Car Sales Plunge In Korea After Company Vehicles Forced To Wear Green Plates
Rule change means all company vehicles over $58k need the distinctive plates and it’s a big tax and status turn-off for wealthy Koreans
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E-vehicle sales slowdown won’t slow 'spectacular' Ontario investments — Fedeli
Electric vehicle sales may be slowing but a senior member of the Ford government said there’s been no slowdown in the interest or intentions of companies looking to be part of the province’s emerging EV supply chain. In fact, Economic Development, Job Creation and Trade Minister Vic Fedeli predicts Ontario will have a “spectacular” 2024 […]