Latest news with #ModelS
New York Post
a day ago
- Automotive
- New York Post
Used Tesla prices average less than overall secondhand market for first time ever as sentiment toward car maker softens
The average price of a used Tesla has fallen below the average for the overall US used car market — a first for Elon Musk's electric vehicle maker. Data from CarGurus shows the average used Tesla sold for $27,814 in recent weeks, compared to $28,039 for the broader used car market. The shift comes even as overall used car prices have ticked higher, up 1.22% year over year. Tesla's average, by contrast, is down 4.59% over the same period. 4 For the first time ever, the average price of a used Tesla has fallen below the average for the overall US used car market. Getty Images The trend marks a reversal from last year, when Tesla's resale values fell in line with the broader market during a nationwide drop in used car prices. When prices for most used vehicles began recovering in March 2025, Tesla's kept sliding. 4 Data from CarGurus shows Tesla's used car prices have fallen below the overall US market average for the first time. Cargurus Breaking down the numbers, every Tesla model is selling for less than it did a year ago. The Cybertruck has seen the steepest annual decline, with prices down more than 30% to an average of $83,963, although it has posted small gains over the last few months. The Model S is down 22.61% to $26,534, while the Model X has fallen 16.8% to $37,747. Tesla's most affordable sedan, the Model 3, is off 8.04% year over year to $23,318, while its best-selling Model Y — which moves more units than any other Tesla — is down nearly 12% to $29,216. The continued drop in the value of Model Y vehicles is pulling the brand's overall average lower despite modest rebounds for some other models. 4 Tesla's sales have fallen in nearly every major market in 2025, with US deliveries down about 9% year-over-year. AP Industry watchers say the glut of Teslas in the used market is adding to the pressure. Many owners are trading in their cars for other brands, boosting supply and forcing sellers to cut prices to compete. The fall below the industry's average resale price is striking because it means Tesla's lineup — which has historically commanded higher-than-average values thanks to its technology, performance and brand image — is now cheaper on average than the mix of vehicles that includes lower-cost mass-market models. For a brand that has cultivated an image of innovation and exclusivity, the shift signals a notable change in perception. Musk and President Trump's relationship swung from open hostility in previous years to a high-profile political alliance in 2024, only to collapse in 2025 amid policy disputes, personal attacks, and threats to Musk's business interests. Both have since declared the relationship over, with the Tesla CEO expressing some regret for his harshest comments while pursuing his own political ambitions outside Trump's orbit. Market analysts and used car platforms are not pointing to a cause for Tesla's sinking used car price. 4 The continued stream of owners switching away from Tesla suggests that sentiment toward the brand has softened. Getty Images While the Cybertruck and Model 3 have shown small upticks recently, there's no clear sign of a full rebound. With Tesla's most popular model still sliding and more used inventory hitting the market, prices could remain under pressure in the months ahead. Tesla's sales have fallen in nearly every major market in 2025, with US deliveries down about 9% year-over-year in the first quarter and 11% lower through the first half of the year. Globally, the company delivered about 720,803 vehicles in the first half, a 14% drop from the same period in 2024, with steep declines in Europe and an 8% year-to-date drop in China. Analysts now expect Tesla to deliver between 1.35 million and 1.66 million vehicles worldwide in 2025, well below the 1.79 million it sold last year. The Post has sought comment from Tesla.
Time of India
3 days ago
- Business
- Time of India
Why Mira Murati, ex-CTO of OpenAI, doesn't chase hype—and what we can learn from that
In an age where tech leaders launch companies with press tours and promises of disruption, Mira Murati took a different route. The former CTO of OpenAI , known for helping develop ChatGPT and DALL·E, quietly stepped away in September 2024. Months later, she resurfaced, not with a media blitz, but with a new AI startup built on a rare quality in Silicon Valley: restraint. As reported by Wired, Murati and her entire team rejected billion-dollar offers from Meta's new Superintelligence Lab. The story made headlines not just because of the money involved, but because it revealed something deeper, Murati was prioritizing long-term vision and team integrity over fast wins and fame. Who is Mira Murati? Murati began her career in aerospace before moving to Tesla, where she worked on the Model S and Model X electric cars. She then led engineering at Leap Motion before joining OpenAI in 2018. Over the next six years, she became one of the most influential figures in AI, steering development on major tools like ChatGPT, DALL·E, and Codex. But instead of cashing in on her fame, Murati did something few in her position would: she started her own lab, Thinking Machines Lab , and did so in stealth mode, not to be secretive, but to stay focused. 'I'm figuring out what it's going to look like,' she told Wired in November 2024. 'I'm in the midst of it.' That kind of honesty is rare in tech, where founders often feel pressured to announce a grand vision even before writing a single line of code. Why doesn't she chase hype Focus on substance over spotlight Murati doesn't lead with noise. Her strategy is clear: build first, speak later. Instead of hyping unfinished products, she prioritizes clarity and quality. Investors say her startup's early attention isn't just about the technology, it's about the rare trust and discipline coming from the founding team. Team-driven mindset Her refusal to let any of her team members leave for Meta's billion-dollar offers shows her deep investment in people. As Wired reported, not a single person defected. That speaks volumes about the loyalty she fosters, not by promises, but by example. Awareness of AI's ethical complexity In January 2025, Murati gave a keynote at the World Economic Forum in Davos. She warned: 'AI without values is intelligence without conscience.' It wasn't a flashy announcement; it was a global call to reflect. She's also advising the European Commission on AI regulation, a rare position for a startup founder. She's not just creating the tools of the future; she's helping shape the laws around them. Strategic restraint Her startup is pioneering customizable AI systems tailored to local cultures, languages, and industries. But the company isn't shouting from the rooftops. Its 'stealth' approach isn't about hiding, it's about building with intention, without the distractions of hype cycles. As reported by Wired, her team is operating 'free from hype… with clarity and intention.' She's comfortable with uncertainty In the same Wired interview, Murati said: 'I'm in the midst of it.' That's not a rehearsed pitch, it's a real admission. And that's powerful. She reminds us that creation is a process, and it's okay not to have all the answers right away. What can we learn from that Quiet confidence is powerful You don't need to be loud to lead. Murati's example proves that real influence often comes from calm focus, not flash. Letting results speak By choosing progress over press, she builds trust, not just buzz. That's the kind of leadership that lasts. Leadership can be humble Murati redefines what it means to lead in tech. Her style isn't built on ego, it's built on ethics, teamwork, and responsibility. Avoiding hype protects integrity Hype can be tempting, but it can also be a trap. Murati's approach keeps her grounded, exactly what's needed in a field as high-stakes as AI.
NDTV
3 days ago
- Automotive
- NDTV
Hyundai Evaluating Genesis Line-up For India, To Rival BMW, Mercedes-Benz
Hyundai, the South Korean carmaker, is trying to diversify its product portfolio for the Indian market. Earlier this year, Hyundai confessed to its plan to introduce 26 new models by 2023. However, the brand has not yet specified what cars are under the plans. Meanwhile, in the Tarun Garg, Hyundai's Whole Time Director and COO, stated that the company is evaluating its plan to introduce Genesis in India. Also Read: Tesla Pulls Plug On Model X And Model S In Europe Talking about the details, Genesis is a luxury car brand of Hyundai Motor Company. The brand was first launched in 2015, and a few of its models were also put on display at the Auto Expo 2016. However, has been a long time since the brand has been tight-lipped about its plan to introduce its luxury car lineup in the national market. While there has been no official announcement about it yet. It is expected that Genesis's first offering in the Indian market will probably be an SUV. Meanwhile, the brand is popularly known for its luxury sedans internationally. It is also expected that the first batch of vehicles will come to India as CBU, and later the brand may focus on manufacturing the luxury cars in Hyundai's Chennai facility. Currently, Genesis has a bunch of products in its nameplate, including EVs, sedans, and SUVs, namely- G70, G80, GV60, GV70, and GV80. As per reports, Genesis trademarked the GV80 coupe in July 2024, hinting at the possibility that it could be one of the initial offerings by the brand in India.
NDTV
3 days ago
- Automotive
- NDTV
Tesla Pulls Plug On Model X And Model S In Europe
Tesla, the Elon Musk-owned electric car maker, has pulled the plug on the Model X and Model S in Europe. According to the reports, Tesla has stopped taking orders for the Model X and Model S in several European countries. The American automaker has updated its webpage, and the models available in stock are up for sale, whereas the option to order new models is unavailable. Earlier, Tesla discontinued the electric cars in China, leaving Europe, the US, and Canada as the only markets for the Tesla Model X and Model S. However, now that the models have been taken off the European market, the US and Canada are the only markets for the Model X and Model S, currently. While the brand has not yet issued an official statement about the action and has stopped taking orders, the probable reason would be the decrease in sales. It must be noted that Tesla recently brought an update to the Model X and Model S; however, it failed to cast the spell on customers. Also, the brand bundles these models along with the Cybertruck and Semi under the "other car". A few reports also claim that the American carmaker recorded 23,275 units of the "other cars" in H1. On the other hand, the Tesla Model Y and Model 3 registered sales of 7,00,000 units globally. While the brand's official take on the matter is yet to be stated, it is expected that Tesla will bring new cars to the deck that could prove to be reasonable replacements for the Model X three-row SUV and the Model S sedan.
Miami Herald
4 days ago
- Automotive
- Miami Herald
Tesla Loyalty Collapses After Musk Endorses Trump
Tesla's once-dominant brand loyalty has taken a nosedive - and the drop isn't just steep, it's historic. According to new data from S&P Global Mobility, Tesla retention fell from 73% in June 2024 to just 49.9% by March 2025, following CEO Elon Musk's public endorsement of Donald Trump after an assassination attempt last summer. It was the first time in the company's history that loyalty dipped below the industry collapse has since corrected slightly, reaching 57.4% by May 2025, but that's still miles off the highs that once made Tesla the most magnetic brand in the EV space. Musk's political turn alienated many of Tesla's early, left-leaning buyers, and with fresh competition piling in from all directions, they're not exactly short on alternatives. The backlash was visible not just in press coverage and social media - but in the numbers. July brought more bad news from Europe, where Tesla sales fell dramatically in France, Denmark, and Sweden for a seventh consecutive month. In Sweden, sales dropped a staggering 85.8% brand is also struggling to sustain U.S. interest, where the ageing Model S and Model X have gone years without meaningful overhauls. Even the rumoured budget Model Y, reportedly stripped of features to meet a lower price point, has sparked concern rather than loyalty freefall coincided with an equally dramatic narrative shift: Tesla has gone from cultural disruptor to political flashpoint. This time last year, it was adding five new owner households for every one it lost. By early 2025, that ratio had halved. Despite the backlash, Tesla's board is standing by its CEO. Just yesterday, the company awarded Musk a $29 billion stock grant to retain him through 2027 - effectively reviving a controversial pay package that had been struck down by the may still believe in Musk's vision for autonomy, AI, and next-gen mobility. But for consumers, the brand's image is more fragile than ever. Grassroots protest groups like "Tesla Takedown" have sprung up in the U.S. and Europe, criticising the company's political posturing and ethical blind spots. There have been reports of vandalism, boycotts, and showroom disruptions - all of which have dented the brand's public image. For now, the brand is holding onto a slim majority of repeat buyers, but the trajectory is unmistakable. Tesla once wrote the playbook on EV dominance. Now it's playing catch-up on both technology and public trust. Analysts say the path to recovery lies not in politics, but in product: meaningful updates, new entries, and a renewed focus on reliability and still has the keys. But whether drivers want to go along for the ride - that's another question entirely. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
