In July 2026, global electric vehicle (EV) sales increased by 7% year-over-year, reaching a 27% market share. Europe showed strong growth with a 40% increase, while China’s sales declined by about 5% but maintained a dominant 65% share, boosted by a 72% surge in NEV exports. The U.S. market saw a significant drop of approximately 37%, holding just under 7% share. Leading EV companies reported robust results: BYD’s August NEV sales rose 17% year-over-year, Geely Auto’s Q2 profit jumped 36% due to export growth, and Leapmotor’s August deliveries surged over 80%. This trend highlights the shifting dynamics in the global EV market, with export-driven growth from China and strong European demand shaping the sector’s future.
Tesla reported record Q2 2026 deliveries of 480,126 vehicles but faced a sharp decline in operating margins due to rising expenses and heavy investment in AI and autonomy technology. Meanwhile, BYD continues to grow steadily with strong sales of plug...
Waymo criticized Tesla's pure AI camera-based system for full autonomy as unsafe, emphasizing the need for multiple sensors like lidar and radar for reliable self-driving. This comes just before Tesla's expected launch of its two-seater Cybercab robo...
Tesla stock fell 3% ahead of its Cybercab launch on September 3, reacting to mixed European vehicle registration data showing strong gains in France and Denmark but declines in Norway and Sweden. Despite a strong August rally and a 6% gain on Monday,...
Waymo has expanded its commercial driverless ride service to Denver, San Diego, and Tampa, marking its first operations in Colorado. Amazon's Zoox plans to start testing its autonomous vehicles with human supervisors in Houston and San Diego, aiming ...
Microsoft and Tesla enter September with contrasting financial results. Microsoft reported record revenue driven by Azure and Copilot, generating strong cash flow and a $678 billion backlog, signaling robust demand and profitability. Tesla achieved r...
