Latest news with #Cybertaxi
Yahoo
5 days ago
- Automotive
- Yahoo
Warning Signs for Tesla: New Model Y Struggles to Find Buyers
Tesla's latest Model Y release was supposed to be a game-changer. Instead, it's raising eyebrows across the automotive industry for all the wrong reasons. The Cool Down reports that industry analysts reveal a troubling pattern: Tesla's new Model Y models are sitting untouched on dealership lots across the country, a surprising twist for a vehicle hyped as one of the year's biggest EV launches. The telltale signs are there. Tesla is already offering 0% financing on the Model Y—an unusually aggressive tactic for a model so fresh out of the gate. 'Why would you discount and have all these incentives and offers literally out of the gate?' asked Loren McDonald, chief analyst at EV data firm Paren. 'That just doesn't make sense when your margins are already at multi-year lows. That suggests very strongly that there is a demand problem.' While Tesla's global EV dominance remains intact, the cracks are showing. Sales of competing EVs from rivals like Ford, Hyundai, and even upstarts like Rivian and BYD have surged, while Tesla's numbers have been slipping. Some blame the growing competition, while others point to the controversies surrounding CEO Elon Musk that have cast a shadow over the Model Y sales stalling, Tesla isn't sitting idle. The company has been promoting the model with heavy incentives and continues work on future projects like the much-discussed Cybertaxi. There are also whispers of cheaper versions of the Model Y and Model S in the pipeline. But for now, the Model Y's underwhelming launch highlights a new reality for Tesla: the days of instant sellouts and long waitlists may be numbered. Warning Signs for Tesla: New Model Y Struggles to Find Buyers first appeared on Men's Journal on May 26, 2025
Express Tribune
7 days ago
- Automotive
- Express Tribune
Tesla Model Y: Why the car has bombed, with reports of dwindling sales
Tesla's much-anticipated Model Y, touted as a revolutionary addition to the electric vehicle market, is facing unexpected challenges. Despite initial hype, the new model is struggling to find buyers, according to industry analysts. As reported by Reuters, many Model Y vehicles are sitting unsold on dealership lots across the European market, raising concerns about demand for the electric car. This slow uptake is also noticed in the United States. This has led to Tesla introducing 0% financing on the Model Y, an unusually aggressive marketing move for a model that is still relatively new. Loren McDonald, chief analyst at EV data firm Paren, expressed concerns about the strategy, questioning why Tesla would offer such substantial incentives so early in the model's release. "Why would you discount and have all these incentives and offers literally out of the gate? That just doesn't make sense when your margins are already at multi-year lows. That suggests very strongly that there is a demand problem," McDonald said. Tesla misses out on European EV growth as Model Y fails to revive sales — Reuters (@Reuters) May 27, 2025 Tesla, which has long been the dominant player in the global electric vehicle market, now faces growing competition from established automakers like Ford and Hyundai, as well as emerging players such as Rivian and BYD. Sales from these competitors have been surging, further highlighting Tesla's declining numbers. Some observers attribute the slowdown in sales to the increased competition, while others point to the controversies surrounding Tesla CEO Elon Musk, which have cast a shadow over the brand. Despite the struggles, Tesla is not standing still. The company has ramped up its promotion of the Model Y with additional incentives and continues to push forward with future projects, including the much-discussed Cybertaxi. Speculation also suggests that more affordable versions of the Model Y and Model S could be in the works. However, the underwhelming launch of the Model Y serves as a wake-up call for Tesla, marking a shift in the EV market. The era of instant sellouts and long waitlists may be coming to an end.
