Tesla Hits Rough Roads in California
Tesla is rolling over a rough patch, and its woes are no better in the state where it built its first cars. New Tesla registrations in California—its largest market in the US— fell for a seventh straight quarter, amounting to a 21% drop year over year.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
4 hours ago
- Yahoo
Elon Musk's Favorability Rating Among Americans Has Tanked Since January
Elon Musk finished dead last in favorability in a recent Gallup poll asking Americans to assess 14 world figures. What Happened: Musk's approval ratings have taken a nosedive following his contentious tenure at the White House and the ensuing fallout with President Donald Trump. Musk's actions have not only tarnished his personal image but have also triggered a substantial decline in Tesla's sales and revenues. The Gallup poll showed that 61% of 1,000 randomly chosen American adults held a negative view of Musk. This follows Musk's participation in the Department of Government Efficiency, his warnings about the difficulties under a Trump presidency, and his plans to revamp government agencies. Before starting his White House work, Musk was viewed slightly more negatively than positively (43% favorable, 47% unfavorable). In the July poll, Musk's favorable rating was 33% favorable, with 61% unfavorable — a 24-point downward swing. Also Read: Ex-Trump Lawyer Says Trump Could Set Sights on Musk's Billions: 'It Bothers Him That He Is the Richest Man' The poll also shows a sharp drop in approval ratings for several current and former Trump administration figures, including Secretary of State Marco Rubio and President Trump, signaling a turbulent run-up to next year's midterm elections. The Gallup poll, conducted from July 7 to 21, revealed that Pope Leo XIV holds a net favorability score of +46, significantly higher than Ukrainian President Volodymyr Zelenskyy (+18) and Sen. Bernie Sanders (I-Vt.) (+11). Pope Leo's 57% favorability rating aligns with the initial ratings of his predecessors, Pope Francis and Pope Benedict XVI. Simultaneously, French President Emmanuel Macron and Rep. Alexandria Ocasio-Cortez (D-N.Y.) received mixed reviews, with a large portion of respondents expressing neutrality. Conversely, personalities like Health and Human Services Secretary Robert F. Kennedy Jr. and Israeli Prime Minister Benjamin Netanyahu were viewed unfavorably. Why It Matters: The plummeting popularity of Musk, a key figure in the tech and automotive industries, could have far-reaching implications. His controversial actions and the resulting public sentiment could potentially influence consumer behavior and investor confidence, impacting not just Tesla but the broader electric vehicle market. The termination of the federal program involving Musk also raises questions about the future of public-private partnerships in the tech sector. Read Next Independent Voters' Approval Rating Of Donald Trump Plummets, Latest Poll Indicates Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? TESLA (TSLA): Free Stock Analysis Report This article Elon Musk's Favorability Rating Among Americans Has Tanked Since January originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
7 hours ago
- Yahoo
Major new US law could significantly impact Tesla's future — here's why it's the EV maker's toughest challenge yet
Thanks to the One Big Beautiful Bill Act, American automakers no longer need to meet fuel consumption standards or pay fines for exceeding limits on pollution they create. Those fines were once a significant source of revenue for electric vehicle manufacturers such as Tesla. What's happening? As CarExpert reported, President Donald Trump's July 4 signing eliminated penalties for automakers that don't meet fuel economy standards. These penalties were first introduced in 1975. The bill also signaled the end of federal tax credits of up to $7,500 for qualified new and used EVs, starting Sept. 30. Tesla has already been struggling this year, even before new concerns about revenue surfaced with the passage of this bill. The EV brand has been navigating a range of challenges, including declining sales, lost consumer loyalty due to CEO Elon Musk's polarizing politics, lawsuits, and safety concerns, particularly with its supervised Full Self-Driving technology and other autonomous features. This latest blow to the clean transportation revolution could hit Tesla even harder. Why are fuel economy fines important? Until now, automakers had been paying millions of dollars in fines annually to offset the harm caused by their dirty energy vehicles. Meanwhile, EV companies such as Tesla sold carbon credits to those automakers and collected revenue from multiple markets. Companies that make traditional gas-powered vehicles established trade relationships with EV companies to reduce their average fuel consumption figures and avoid fines. As a result, EV companies earned significant money from these payments, with high profit margins and extra funds to produce new EVs. However, now with this EV revenue boost eliminated, it signals a potential setback for the broader EV transition. If traditional automakers can produce cars that emit more toxic pollution with no financial repercussions, there is less incentive for them to transition to clean driving solutions in the future. What's being done to support EV automakers? While policy changes could change the way automakers do business, consumer demand is clearly still high for electric vehicles — and many countries will still have EV incentives in place after the federal tax credit for qualified EVs expires in the U.S. on Sept. 30. Fuel economy fines or not, owning an EV is still among the most effective ways to save money on your personal transportation and to curb your environmental impact. EVs dramatically reduce heat-trapping pollution over their lifespans since they don't release tailpipe exhaust. Research shows that the pollution you avoid by driving an EV quickly surpasses the cost of producing electric vehicles. Do you think Tesla can bounce back from its recent struggles? Yes It depends on Elon's actions I don't think it's struggling Nope Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
8 hours ago
- Yahoo
Wendy's Guidance Cut As US Sales Show Economic Pressure
Wendy's shares rally as much as 3.9% despite a sales miss for the second quarter, and a worse-than-expected outlook for annual systemwide sales. The company blamed the shortfall on "dynamic consumer behavior and a more challenging competitive environment." Bloomberg's Michael Halen reports. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
