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The automaker is expanding its Power Promise program following record EV sales in Canada.

Plus, Scout’s direct sales model draws legal scrutiny from dealers, and Californians vote out Tesla with their wallets.

Tesla’s Model Y was the most registered battery-electric vehicle (BEV) in Europe in 2024, as shown in data released this week. After landing the spot for Europe’s top-selling vehicle overall in 2023, the Model Y last year was the most-registered BEV and the fourth-most-registered vehicle overall, according to registration data Read more

Tesla is “better-positioned” as a company and as a stock as the tariff situation between the United States, Mexico, and Canada continues to escalate as President Donald Trump announced sanctions against those countries. Analysts at Piper Sandler are unconcerned regarding Tesla’s position as a high-level stock holding as the tariff Read more

U.S. President Donald Trump has come to an agreement with Mexico to delay tariffs, stalling potential price increases that are expected to hit Tesla and other automakers if implemented. The Trump administration announced over the weekend that it would enact 25-percent tariffs against products coming from Canada and Mexico, set Read more

Elon Musk company SpaceX is set to lose a $100 million deal with the Canadian province of Ontario following a response to the Trump administration’s decision to apply 25 percent tariffs to the country. Starlink, a satellite-based internet service launched by the Musk entity SpaceX, will lose a $100 million Read more

Tesla’s Megapack grid-scale batteries have been selected to back an energy storage project in Japan, coming as the latest of the company’s continued deployment of the hardware. As detailed in a report from Nikkei this week, Tesla plans to supply 142 Megapack units to support a 548 MWh storage project Read more

Bank of America analyst John Murphy acknowledged that Tesla is on the road to gains but has to face some short-term pain on the way. Murphy cited multiple challenges ahead for Tesla, including the company’s transition to producing its new Model Y vehicle. During the last earnings call, Tesla’s Chief Read more

Panasonic Holdings Corp. seeks to lower fixed costs and shift to more lucrative areas like AI. The Japanese company is thinking of cutting costs through overhauling personnel and trimming underperforming businesses. Panasonic aims to boost profit by over $966 million by March 2027 through cost cuts and its new employment Read more

The Mustang Mach-E led the way with the best-ever January sales.