As Tesla’s sales decline following Musk’s forays into US politics and amid a lack of new models, BYD has overtaken it to become the world’s largest manufacturer of EVs. Its annual revenues surpassed $100 billion for the first time in 2024.

Tesla's dominance is ending as automakers offer compelling electric alternatives across every price point. From $30,000 family crossovers to luxury sedans, smart money is finding better value elsewhere.

Experts told CNBC that Tesla will compete in the premium segment of the market with the likes of BMW, rather than with local EVs like those from Tata Motors.

Owners of the Rivian R1S and R1T electric vehicles are in for a treat as the auto maker pushes out a significant navigation update to drivers. Rivian has partnered with Google to bring Google Maps to the former’s EVs,

Tesla (TSLA) shares are falling amid slowing sales, fierce competition, and CEO Elon Musk’s political activism. Learn how the EV company compares to Li Auto (LI).

Tesla ( TSLA) and its high-profile CEO Elon Musk can be polarizing. However, the automaker has achieved things that seemed impossible. It not only broke into the highly mature auto industry, it also helped to create the electric vehicle (EV) market. Could buying EV upstart Lucid ( LCID) set investors up for a similar success story?

The Indian version of Tesla’ website lists two models of the only EV it will begin delivering this fall, the Model Y. The entry-level version is a standard range, single-motor, rear-wheel drive Y that offers zero to 62 mph (100 kmh) in 5.9 seconds and a 311-mile (500 km) WLTP range.

The federal government began reimbursing car dealerships for rebates paid out before the iZEV program ended Jan. 12 — but not consumers whose cars were delivered after that date.

The experts believe that although the arrival of Tesla may not bring a big jump in EV volumes immediately, it will change people's perception about EVs.

The hype is dead. The Tesla Cybertruck, once billed as the future of electric vehicles, is now looking like a commercial bust.