EV Daily | Tesla Faces Demand Woes, BYD Slashes Seagull Prices Amid EV Market Shifts
Generated by AI AgentAinvest Market Brief
Wednesday, Apr 9, 2025 8:01 am ET1min read
TSLA--
【Tesla】
TeslaTSLA-- recently made available its new Model Y inventory in the US, indicating a lack of backlog demand, as vehicles are already in stock only days after launch. Tesla is expected to offer incentives like discounts and 0% financing to boost sales. Furthermore, a Tesla Supercharger cabinet in Washington exploded, reportedly due to a small bomb. This incident is being investigated by local police and the FBI, amid ongoing protests and vandalism against Tesla locations, labeled as "domestic terrorism" by President Trump due to Elon Musk’s political donations. There is also a growing rift between Tesla CEO Elon Musk and President Trump over tariffs, with Musk publicly criticizing the tariffs and seeking zero-tariff trade with Europe.
【BYD】
BYD has slashed the price of its Seagull EV in China to under $8,000 in response to the ongoing EV price war. The Seagull, part of the Ocean Series, offers three trims with different ranges and battery options. BYD continues to see tremendous growth, selling over one million NEVs in the first quarter of 2025. Despite a slight dip compared to the previous quarter, BYD's net income has surged year over year. The company has expanded its market reach globally, including plans to launch the Seagull EV in Europe later this year.
【Others】
Volkswagen’s ID.1, set to launch in 2027, will be its smallest and cheapest EV, priced around $22,000. Developed in collaboration with Rivian, this vehicle will feature VW's new software-defined architecture. Zoox has expanded its autonomous robotaxi testing to Los Angeles, planning a future rollout of its purpose-built EVs without manual controls. Ford has introduced incentives in the UK, including free home chargers, to boost EV sales. The US solar industry is under pressure from new tariffs, although stockpiles may mitigate immediate impacts. Candela's electric hydrofoil ferry, Nova, is gaining popularity in Stockholm for its efficiency and low emissions, with plans to expand services and routes.
TeslaTSLA-- recently made available its new Model Y inventory in the US, indicating a lack of backlog demand, as vehicles are already in stock only days after launch. Tesla is expected to offer incentives like discounts and 0% financing to boost sales. Furthermore, a Tesla Supercharger cabinet in Washington exploded, reportedly due to a small bomb. This incident is being investigated by local police and the FBI, amid ongoing protests and vandalism against Tesla locations, labeled as "domestic terrorism" by President Trump due to Elon Musk’s political donations. There is also a growing rift between Tesla CEO Elon Musk and President Trump over tariffs, with Musk publicly criticizing the tariffs and seeking zero-tariff trade with Europe.
【BYD】
BYD has slashed the price of its Seagull EV in China to under $8,000 in response to the ongoing EV price war. The Seagull, part of the Ocean Series, offers three trims with different ranges and battery options. BYD continues to see tremendous growth, selling over one million NEVs in the first quarter of 2025. Despite a slight dip compared to the previous quarter, BYD's net income has surged year over year. The company has expanded its market reach globally, including plans to launch the Seagull EV in Europe later this year.
【Others】
Volkswagen’s ID.1, set to launch in 2027, will be its smallest and cheapest EV, priced around $22,000. Developed in collaboration with Rivian, this vehicle will feature VW's new software-defined architecture. Zoox has expanded its autonomous robotaxi testing to Los Angeles, planning a future rollout of its purpose-built EVs without manual controls. Ford has introduced incentives in the UK, including free home chargers, to boost EV sales. The US solar industry is under pressure from new tariffs, although stockpiles may mitigate immediate impacts. Candela's electric hydrofoil ferry, Nova, is gaining popularity in Stockholm for its efficiency and low emissions, with plans to expand services and routes.
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