
Tesla sales rebound after Musk backlash
The electric car maker sold 7,719 vehicles to British motorists in June – a 14 per cent increase from a year earlier, according to the Society of Motor Manufacturers and Traders (SMMT).
Tesla revealed this week that overall global sales fell in the second quarter.
The firm delivered 382,122 vehicles in the three months to the end of June, a 13.5 per cent drop from 443,956 a year earlier and its second quarterly fall in a row.
The plunge in demand for Tesla's cars has been blamed on chief executive Musk's involvement in Donald Trump's administration – and his support for hard-Right parties across Europe.
An ageing car line-up and tougher competition from cheaper Chinese firms such as BYD has also dented sales.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Reuters
17 minutes ago
- Reuters
Cadbury-parent Mondelez calls for delay to EU deforestation law
July 4 (Reuters) - Cadbury chocolate maker Mondelez (MDLZ.O), opens new tab is urging a one-year delay in the implementation of the European Union's deforestation law, a senior company executive said. The company supports the EU Deforestation Regulation (EUDR) in principle, Massimiliano Di Domenico, vice president of corporate and government affairs for Europe said, but urged policymakers to account for "on-the-ground realities." Di Domenico was speaking at the European Parliament last week and later posted his comments on LinkedIn, opens new tab. In July last year, Reuters reported that Nestle (NESN.S), opens new tab, Mars Wrigley, and Ferrero backed the law in a joint paper, while urging Brussels to provide clearer guidance and support to help companies meet the compliance deadline. The proposed law, which aims to end 10% of global deforestation fuelled by EU consumption, requires companies and traders importing soy, beef, cocoa, coffee and related products to prove their supply chains do not contribute to the destruction of the world's forests, or face hefty fines. Di Domenico said the cocoa sector is "under huge pressure" due to soaring prices, declining production, and digital infrastructure gaps in origin countries which could affect compliance and disrupt supply chains. "That's why we are respectfully, transparently and responsibly calling for a 12-month delay — not to dilute ambition, but to enable practical, inclusive, and effective implementation," Di Domenico said in his post. The EU has already delayed its launch by a year to December 2025, following complaints from trading partners including Brazil and the U.S., and cut back reporting rules after industry criticism.


Auto Blog
18 minutes ago
- Auto Blog
Last Chance: Buy Your EV Before Federal Tax Credits Expire
The clock is ticking on federal EV tax incentives President Trump's 'big, beautiful bill' has been signed into law, posing significant regulatory changes for those considering buying a new or used electric vehicle (EV). One of, if not the biggest, change is the bill's elimination of federal tax credits for new and used EV purchases. The federal tax credit for a new EV registration was worth up to $7,500, while a used EV purchase could get you a $4,000 federal tax write-off, or 30% of the purchase price, whichever was lower. A new EV must contain a battery capacity of at least 7 kilowatt-hours (kWh), weigh under 14,000 lbs, undergo final assembly in North America, and meet other requirements in areas like critical mineral sourcing and price caps. Qualifying for a used EV tax credit is more straightforward, but the total sale cost needs to be $25,000 or less, limiting options for buyers. Pre-owned EVs also had to meet the same weight and battery requirements as new electric car purchases, be a 2023 model year or older, be transferred after August 16, 2022, and be bought from a licensed dealer. However, Trump's bill doesn't end federal EV tax incentives until after September 30, so shoppers still have some time to capitalize. Rivian R1S models for sale — Source: Getty What EV buyers can expect after federal tax credits disappear Elaine Buckberg, a former General Motors (GM) economist now at Harvard University's Salata Institute for Climate and Sustainability, predicts that with federal EV credits out the window, around 37% of cars bought through 2030 will be electric, down from 48% if incentives stayed, Bloomberg reports. While Congress's elimination of federal EV tax credits will dissuade some from buying an electric car, the increasing number of affordable models will help support sales. When the Inflation Reduction Act was signed into law by President Biden in 2022, it extended federal EV tax incentives, and 11 electric models were priced below $47,500. Now, there are 19 models below this cost, displaying how manufacturers are making strides in affordability. For example, Nissan's fully redesigned 2026 Leaf is expected to start at around $35,000. According to the automaker's Q1 investor call, Tesla is scheduled to announce the launch of a more affordable model any day now, and GM has multiple lower-priced EVs in the works, one of which is the next-gen Chevy Bolt. Bloomberg NEF anticipates that U.S. EVs will become as cheap or cheaper than their gas-powered counterparts by around 2028, but many EVs are expected to become more expensive after September 30. Slate Auto, the Jeff Bezos-backed electric auto manufacturer, removed its under $20,000 expected price tag for the company's upcoming electric pickup, with the automaker noting it initially anticipated its model as qualifying for federal EV tax credits. Tesla showroom, San Diego, California — Source: Getty Final thoughts EVs will keep getting less expensive in the coming years as automakers learn how to spend less on manufacturing, but many models' immediate costs are likely to increase with Congress's elimination of federal tax credits. Dealers and automakers may start offering their own incentives, but these are unlikely to replace the benefits of federal incentives. As the EV market evolves, future Congresses could revisit the issue, considering Biden's Inflation Reduction Act was only signed a few years ago. About the Author Cody Carlson View Profile

Western Telegraph
19 minutes ago
- Western Telegraph
Jaguar Land Rover sales tumble after pausing US exports
The Tata-owned car maker revealed that retail sales slid by 15.1% to 94,420 units over the three months to June. Meanwhile, wholesale sales dropped by 10.7% to 87,286 units compared with a year earlier. The company said the significant fall in sales was partly driven by the pause in shipments to the US in April after President Trump's administration introduced new tariff plans. Jaguar Land Rover saw retail sales fall 15.1% (Matt Crossick/PA) In April, the US government said it would launch an additional 25% tariff on car imports into the US, in an effort to encourage more car production within the country. However, the US and UK have since agreed a deal which would see a lower 10% tariff applied to the first 100,000 UK-manufactured cars imported into the US each year. UK cars imported to the US beyond this threshold will however face a 27.5% tariff. JLR halted new shipments to the US in April but restarted exports in early May amid hopes that a trade deal for the sector would be struck. The car firm said on Monday that wholesale sales in North America dropped by 12.2% year-on-year after the pause. Wholesale sales in the UK plunged by 25.5% after the market was particularly hit by the 'planned cessation of the legacy Jaguar models'. Jaguar stopped selling new cars in the UK late last year as it shifts its production to new electric models, which are set to go on sale in 2026. JLR reported that Range Rover, Range Rover Sport and Defender models therefore represented 77.2% of all wholesale volumes, compared with 67.8% a year earlier.