Latest news with #Laine
Miami Herald
5 hours ago
- Automotive
- Miami Herald
Tesla's biggest rival slashes prices but faces major pushback
Tesla's (TSLA) nearly $1 trillion market cap easily makes it the most valuable car company in the world. Despite selling a fraction of the vehicles its more established competitors did, Tesla justifies its valuation by saying its advanced artificial intelligence and in-car tech make it much more than just a car company. However, while it is focused on being more than just a car company, Tesla's rivals have been eating away at its EV market share. Related: Elon Musk, Tesla finally get some good news out of China In the second quarter of last year, Tesla's market share fell below 50% for the first time since 2017 in the U.S. alone, where it sells the majority of its vehicles. Tesla accounted for 49.7% of EV sales in the period, according to Cox Automotive, a huge dip from the 59.3% market share it held the previous year. The company's fortune in China is even more dire, since its market share has cratered to 5.1% as of April 2025 from over 20% in 2021. The biggest reason for this decline in the Far East is the emergence of Chinese EV maker BYD. BYD sold over 4.2 million EVs in 2024, a record for the company. But BYD has had to pull out all the stops to break through, and now it is getting pushback for some of the tactics it employs to move vehicles. Image source: Laine/Bloomberg via Getty Images China has been actively promoting its EV industry. The government offers incentives and promotes EVs as the country's wave of the future, and the campaign is working. In 2024, China sold about 12.87 million passenger electric vehicles, almost half its total car sales. BYD led the charge but is using its dominant market position to crush rivals. Related: Elon Musk and Donald Trump's war of words forces allies to pick side In late May, BYD launched a new round of price cuts of up to 53,000 yuan (about $7,300) across 22 models. The move sent shockwaves throughout the industry, as smaller rivals will have trouble keeping up wth the discounts the much-larger BYD can offer. The move was so drastic that the China Association of Automobile Manufacturers (CAAM) and the Ministry of Industry and Information Technology had to issue public warnings about "disorderly price wars." BYD controls 32% of China's new energy vehicle market. Great Wall Motor, one of BYD's domestic rivals, has raised issues about the price war and even reported the company to Chinese regulators in the past for not meeting emission compliance standards. Great Wall says BYD uses non-pressurised fuel tanks in its Qin plus and Song plus plug-in hybrids, which allows the liquid inside to evaporate more rapidly. Tesla has spent years building up its business in China, but with BYD's emergence, the new pricing war and other pressures, those advances are in jeopardy. The Gigafactory in Shanghai makes Model 3 and Model Y vehicles for China and Europe. Tesla has been marketing in China using the "made-in-China" mantra, but data shows that production at its China plant is slowing. More automotive: Here's why Tesla's robotaxi launch is destined to failTesla faces big threat from rivals in key marketThe 'anti-Tesla' gives American buyers more good news Tesla made 58,459 Model 3 and Model Y vehicles at Gigafactory Shanghai in April, a 6% year-over-year decline. This came as demand also fell, with deliveries also declining in recent weeks. To fight back, Tesla has been discounting its vehicles in China wth subsidized 0% interest rates and direct discounts. Related: Latest Waymo setback raises serious questions about its future The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Miami Herald
09-05-2025
- Sport
- Miami Herald
NHL Rumor Roundup: The Latest On Marco Rossi, Patrik Laine And Drake Batherson
Most of the focus for Minnesota Wild followers will be on the club's efforts to re-sign left winger Kirill Kaprizov. The 28-year-old superstar is eligible for UFA status next summer, and the earliest the Wild can sign him to a contract extension is July 1. While Wild management works on retaining their franchise player, they must also decide the fate of Marco Rossi. The 23-year-old center is completing his entry-level contract and finished this season sitting second among Wild scorers with 60 points in 82 games. That's a 20-point improvement over his performance last season over the same number of games. However, the Athletic's Michael Russo and Joe Smith pointed out Rossi was buried on the Wild's fourth line following a difficult period down the stretch and into the opening game of their first-round series against the Vegas Golden Knights. Rossi was the subject of trade rumors earlier this season until GM Bill Guerin dismissed that speculation in December. He lacks arbitration rights, prompting Russo and Smith to suggest he could receive an offer sheet from a rival club this summer. Meanwhile, in Montreal, Canadiens GM Kent Hughes came to the defense of Patrik Laine during the club's end-of-season press conference on Monday. Laine, 27, drew criticism from some local pundits for his defensive play and declining production down the stretch, prompting speculation the Canadiens could trade the left winger or buy out the final season of his contract. Hughes was having none of it. Speaking in French, he told reporters the Canadiens wouldn't have reached the playoffs this season without Laine. In Ottawa, a Postmedia report claimed Drake Batherson's name surfaced in the rumor mill before the March trade deadline. The Senators opted instead to trade Josh Norris, shipping him to the Buffalo Sabres for Dylan Cozens. The report said several teams wonder if Senators GM Steve Staios would be open to offers for Batherson this summer. His affordability is one reason, as the 27-year-old right winger has two years left on his contract with an average annual value of $4.975 million. It would take a significant offer to pry Batherson away from the low-scoring Senators. He's exceeded the 60-point plateau in three straight seasons, including a career-high 68 points in 2024-25. Get thelatest news and trending stories by following The Hockey News on Google News and bysubscribing to The Hockey News newsletter here. And share your thoughts by commenting belowthe article on Copyright 2025 The Hockey News, Roustan Media Ltd.
Yahoo
08-05-2025
- Sport
- Yahoo
NHL Rumor Roundup: The Latest On Marco Rossi, Patrik Laine And Drake Batherson
Most of the focus for Minnesota Wild followers will be on the club's efforts to re-sign left winger Kirill Kaprizov. The 28-year-old superstar is eligible for UFA status next summer, and the earliest the Wild can sign him to a contract extension is July 1. While Wild management works on retaining their franchise player, they must also decide the fate of Marco Rossi. The 23-year-old center is completing his entry-level contract and finished this season sitting second among Wild scorers with 60 points in 82 games. That's a 20-point improvement over his performance last season over the same number of games. However, the Athletic's Michael Russo and Joe Smith pointed out Rossi was buried on the Wild's fourth line following a difficult period down the stretch and into the opening game of their first-round series against the Vegas Golden Knights. Rossi was the subject of trade rumors earlier this season until GM Bill Guerin dismissed that speculation in December. He lacks arbitration rights, prompting Russo and Smith to suggest he could receive an offer sheet from a rival club this summer. Meanwhile, in Montreal, Canadiens GM Kent Hughes came to the defense of Patrik Laine during the club's end-of-season press conference on Monday. Laine, 27, drew criticism from some local pundits for his defensive play and declining production down the stretch, prompting speculation the Canadiens could trade the left winger or buy out the final season of his contract. Hughes was having none of it. Speaking in French, he told reporters the Canadiens wouldn't have reached the playoffs this season without Laine. In Ottawa, a Postmedia report claimed Drake Batherson's name surfaced in the rumor mill before the March trade deadline. The Senators opted instead to trade Josh Norris, shipping him to the Buffalo Sabres for Dylan Cozens. The report said several teams wonder if Senators GM Steve Staios would be open to offers for Batherson this summer. His affordability is one reason, as the 27-year-old right winger has two years left on his contract with an average annual value of $4.975 million. It would take a significant offer to pry Batherson away from the low-scoring Senators. He's exceeded the 60-point plateau in three straight seasons, including a career-high 68 points in 2024-25. Get the latest news and trending stories by following The Hockey News on Google News and by subscribing to The Hockey News newsletter here. And share your thoughts by commenting below the article on
Montreal Gazette
06-05-2025
- Sport
- Montreal Gazette
Canadiens, fans rekindled Patrik Laine's joy for hockey
Montreal Canadiens By The joy of the game Patrik Laine grew up loving and playing in Finland returned this season, and that's the underlying factor he'll take with him into the summer as he prepares for next season. That the fun was rekindled with the Canadiens in Montreal, where every player's move is dissected, will strike many as surprising after Laine played in relative anonymity in Columbus. 'The only goal I had for myself this year was to really enjoy playing again,' Laine said Friday, when Canadiens players had their season-ending media availability at the CN Sports Complex in Brossard. 'I definitely did that even though it was hard at times. I still enjoyed every bit of it. 'People are always going to talk about numbers,' he added. 'But (the season) was a success because I got to enjoy this awesome sport again.' The 27-year-old winger had 20 goals — 15 on the power play — and 33 points in 52 games after missing more than two months at the start of the season with a knee sprain. He became an instant fan favourite when he scored in his Canadiens debut, a 2-1 overtime victory against the New York Islanders at the Bell Centre on Dec. 3. There's no doubt Laine, 6-foot-4 and 208 pounds, is a natural scorer. Five of his goals were game-winners and his offence was produced off a modest 116 shots, for an excellent 17.2 per cent shooting percentage. But he also could be considered a defensive liability, with a minus-14 differential. He appeared lethargic at times on the ice, skating awkwardly. Laine was less effective during the playoffs, however, limited to two games against the Washington Capitals and held to one assist while going minus-2. That led to speculation he was benched, although Laine disclosed he sustained a broken finger in that second game, the result of a slash. 'The whole organization, and the city overall, kind of gave me that spark again to enjoy the sport,' he said. 'Being around these guys here, everybody in the organization and the city, it was awesome. It definitely helped me go through tough times this year. When it was hard to enjoy the (rehabilitation) process, that kept me motivated. 'I was expecting the joy would return playing in a hockey market,' Laine added. 'I always enjoy being in new situations. I don't care if there's a lot of pressure and expectations. I'd much prefer that versus ... I'm not talking about Columbus, but playing somewhere there's less pressure and other things going on where you're not noticed as much. I much prefer this.' During his season-ending availability on Monday, Canadiens general manager Kent Hughes stressed the team wouldn't have made the playoffs without Laine's contributions and willingness to become a better player. Acquired in a trade last August for defenceman Jordan Harris, Laine will enter the final season of his four-year, US$34.8-million contract. He carries a cap hit of US$8.7 million, the highest among Montreal's active players. His contract also contains a 10-team no-trade clause. Originally selected second overall by Winnipeg in 2016, Laine was traded to Columbus in 2021. He reached his low point in December 2023 after suffering a broken clavicle. The next month, he entered the NHL's player assistance program and requested a trade. While Laine wasn't always made available to the media this season and appeared aloof at times during scrums, he was gracious and accommodating with his time. He also said he read everything written about him. 'You can always play better,' he said. 'But when you look at the circumstances — a lot of people don't when they judge you — I'm pretty happy. A lot of guys wouldn't have done as well as I did. When you look at the circumstances, it wasn't easy at all. I'm satisfied.'
USA Today
06-05-2025
- Sport
- USA Today
Bucs move up ESPN Power Rankings after the 2025 NFL Draft
Bucs move up ESPN Power Rankings after the 2025 NFL Draft Power rankings are always interesting to see how they can reflect upon your team and others within your division. Following the NFL Draft, groups are re-evaluating rosters and projecting them out as they get new looks and overhauls one last time before training camp and the preseason. The Bucs had one of the better drafts, which makes their rise up the latest ESPN power rankings interesting to follow. ESPN's Jenna Laine, who is the Bucs beat reporter, wrote up their ranking as they had them going up two spots from the 14th spot to 12th. For their ranking rise, they cite their improvement along the edge positions to help their pass rush as the reason why they saw a jump. Laine writes, "This is a close call between pass rushers and cornerbacks, but let's give the nod to the pass rush here. The Bucs signed a low-risk and potentially high-reward free agent in Haason Reddick, who has produced double-digit sacks in all but one season since becoming a full-time edge rusher in 2020. On Day 3 of the draft, they selected quick edge David Walker and powerful Elijah Roberts. Walker notched 31 sacks and 191 tackles at Central Arkansas. Roberts had 17.5 sacks in two seasons at SMU, and the 278-pounder can line up on the edge or inside." The Bucs' pass rush, paired with the arrival of draft picks Jacob Parrish and Benjamin Morrison, is hopeful to be enough to improve a 29th-ranked pass defense for the Bucs. If it is, look for them to keep rising in the power rankings as the season approaches and progresses.
