EV Daily | Tesla Faces Sales Decline and Offers Incentives Amid Stock Price Misrepresentation

【Tesla】

Elon Musk has made misleading statements regarding Tesla's stock price and sales performance, claiming the stock price reflects strong sales despite data indicating struggles in Europe and China. Sales have declined in Q1 2025, and incentives are being offered in China to boost demand for Model 3 and Model Y. Tesla's stock price is not representative of its vehicle business due to previous overestimates by analysts. Additionally, Tesla has reduced its production capacity due to decreased demand, and is offering discounts to counteract the declining sales. Musk's assertions about Tesla's stability are contradicted by data showing declining sales and production throttling. Tesla's stock value is primarily linked to beliefs in its autonomous driving capabilities, despite continued delays in achieving full autonomy. Tesla's pricing for 2025 models fluctuates frequently, with various pricing levels for Model S, 3, X, Y, and Cybertruck. Federal tax credits for Tesla purchases are expected to remain through 2025.

【BYD】

BYD plans to launch EVs with all-solid-state batteries (ASSBs) by 2027, initially in limited production, with mass market offerings by 2030. The company will first use a sulfide-based solution in higher-end models. BYD, along with other major battery manufacturers, is leading the market in advancing this technology.

【Xpeng】

XPeng Motors unveiled the MONA M03 Max variant with enhanced features targeting a younger demographic in China. The MONA M03 Max offers new color combinations, a smart driving ADAS, and a Tianji AI smart cockpit. XPeng reports 90% of MONA customers are under 35, and the model is a top-selling BEV sedan in China. The MONA M03 Max will officially launch in late May, featuring improved battery life and a competitive price.

【Others】

Mazda's new EZ-60 electric SUV set a record in China with over 20,000 orders and is expected to launch in global markets soon. The EZ-60 is similar in size to Tesla's Model Y and offers advanced features.

Toyota is discontinuing the non-hybrid RAV4 for 2026, offering only HEV and PHEV versions, yet continues to use misleading "100% electrified" claims.

Hyundai is pausing EV production in Korea due to slow sales despite generous discounts, while US sales remain strong. Hyundai's joint venture in China reports improved financial performance and plans to launch a custom electric SUV this year.

Lucid's Gravity electric SUV, boasting impressive performance, is undergoing testing in Europe. Lucid plans to expand its market reach in Europe and the Middle East.

GM has filed a patent for a new electric van, potentially indicating future plans for the Chevy Express.

Lexus introduced the 2026 RZ in North America, featuring enhanced performance and range, with the new F Sport variant being the most powerful.

Zoox is expanding its autonomous vehicle testing to Atlanta, mapping the city for future robotaxi services.

BMW tested its first EV with all-solid-state batteries, a potential game-changer for EVs, promising longer range and reduced costs.

Honda is reducing its EV investments, focusing on hybrids despite their environmental impact, citing an inaccurate slowdown in EV demand.

NIU Technologies sees significant growth in domestic e-scooter sales in China, though international markets pose challenges due to tariffs and logistics.