EV Daily | Tesla Faces Declining Sales Amid BYD's Global Expansion and Ford's Strategic Restructuring

【Tesla】

Elon Musk has made unsubstantiated claims that the Democratic party organized protests at Tesla locations worldwide, linking the funding to ActBlue without providing evidence. Protests center around Musk's involvement in politics. Musk's retweets and claims about Cybertruck incidents are also under scrutiny. Tesla's stock has seen significant insider selling, and the company faces declining growth amidst competition and management mistakes. Musk's focus on self-driving capabilities has led to neglect in Tesla's automotive business, impacting sales and market perception.

The Tesla Cybertruck, involved in a Las Vegas incident, is being auctioned as salvaged. Musk's promise to rebuild the truck is seen as another false claim. Tesla's global sales have declined, and Musk's political actions have affected the company's brand, creating a liability worth billions related to self-driving promises.

Despite challenges, Tesla plans to launch cheaper cars this year on the same platform as Model 3 and Model Y, aiming to boost delivery volumes. However, Musk's cancellations of previous plans and management decisions have impacted growth. Tesla remains focused on selling cars and batteries, facing increased competition from companies like CATL and BYD.

【BYD】

Chinese EV brands like BYD are aggressively expanding overseas, impacting legacy automakers like Ford and Volkswagen. Ford plans to cut jobs in Europe due to competition from Chinese brands.

【Others】

Mercedes-Benz's new luxury electric vans are undergoing winter testing in Sweden, showcasing the VAN.EA platform with modular design for enhanced range and capabilities. The vans are set to launch next year, aiming for increased electric van sales by 2030.

MOD Bikes has launched a Spring Sale offering discounts on its e-bikes, including the new Groove Step-Thru 3 Beach Cruiser with improved features. EcoFlow is offering flash sale discounts on its solar generator bundles, while GE's Smart Combo Electric Washer & Dryer is available at a reduced price.

Spacruzzi has introduced a new electric hot tub boat model for 2025, offering a luxury experience with upgraded features. The boats are designed for private owners and rental operators, promoting environmental compliance.

Ford is investing billions in Europe to counter the rise of Chinese EVs, restructuring its business to cut costs and improve competitiveness. The company highlights the need for political support to boost EV adoption.

Kia's EV4 electric sedan is now available for orders in South Korea, offering competitive pricing and impressive range. The EV4 is part of Kia's strategy to provide affordable EVs, with plans for global rollout this year.

Segway's new Ninebot Max G3 scooter offers enhanced features, including higher speeds, improved stability, and advanced lighting systems. Pre-orders are open, promising a premium commuter experience.