Tesla sales hit a record 497,099 vehicles in Q3 as buyers rushed before the U.S. tax credit expired according to reports. Despite the surge, experts warn the gains may not last amid rising competition.
Tesla’s third-quarter global sales jumped 29% from the previous quarter and 7% year-over-year, marking the first year-over-year gain in 2025. The spike came as American buyers raced to secure a $7,500 federal EV (electric vehicles) tax credit before it expired on 30 September.
CEO Elon Musk briefly saw his net worth top $500 billion, making him the first person to surpass the half-trillion-dollar mark, though shares later dipped, reducing his net worth to $490 billion.
Tesla does not break down regional sales, but other automakers also reported record U.S. EV sales in Q3. GM more than doubled its EV sales, Ford saw a 30% rise, and Hyundai’s sales doubled, though it cut prices on its IONIQ 5 EV model. Analysts expect further price adjustments as competition grows.
Despite the quarterly boost, Tesla’s year-to-date sales are down 6% from 2024, and the company faces mounting competition globally. Chinese automaker BYD’s EV passenger car sales rose 31% in Q3, giving it a total of 1.6 million units this year, surpassing Tesla’s 1.2 million. BYD is positioned to become the world’s largest EV maker, even without U.S. sales.
Experts say Tesla’s challenges come from political backlash against Musk, growing Chinese competition in Europe, and an increasingly crowded EV market.
A commuter train collided with a construction crane in southeastern Spain on Thursday (22 January), injuring several passengers, days after a high-spe...
The UK government has announced a major boost to its air defences, awarding a £453 million contract to upgrade radar systems on Typhoon fighter jets....
U.S. President Donald Trump launched his Board of Peace at a ceremony in Davos, Switzerland, on Thursday (22 January). Initially intended to cement a ...
Hong Kong's High Court began hearing on Thursday a landmark national security trial of the three former leaders of a disbanded group that organised an...
A faint hand outline found in an Indonesian cave has been dated to at least 67,800 years ago, making it the oldest known example of rock art and offer...
Tesla delivered 1.64 million vehicles in 2025, down 9%, as BYD becomes the top EV maker.
Prime Minister Benjamin Netanyahu held a joint conference call on Sunday night from Florida with entrepreneur Elon Musk, Transportation Minister Miri Regev and Head of the National AI Directorate Erez Eskel.
Tesla CEO Elon Musk has become the world’s richest individual, with a net worth of US$749 billion, after the Delaware Supreme Court reinstated $139 billion in stock options that were voided last year, according to Forbes’ billionaires index.
Wall Street closed sharply lower on Thursday, dragged down by steep losses in Nvidia, Tesla, and other artificial-intelligence heavyweights, as investors dialed back expectations for further Federal Reserve interest-rate cuts amid renewed inflation concerns and mixed signals from policymakers.
U.S. President Donald Trump said Washington would “work something out” with NATO allies on Tuesday, defending his approach to the alliance while renewing his push for U.S. control of Greenland amid rising tensions with Europe.
At the World Economic Forum’s “Defining Eurasia’s Economic Identity” panel on 20 January 2026, leaders from Azerbaijan, Armenia and Serbia discussed how the South Caucasus and wider Eurasian region can strengthen economic ties, peace and geopolitical stability amid shifting global influence.
The European Union has proposed new restrictions on exports of drone and missile-related technology to Iran, while preparing additional sanctions in response to what it described as Tehran’s "brutal suppression" of protesters.
Türkiye is closely monitoring developments in Syria and considers the country’s unity and territorial integrity vital for regional stability, President Recep Tayyip Erdoğan told President Donald Trump during a phone call on Tuesday, according to Türkiye’s Communications Directorate.
Qarabağ claimed a late 3–2 victory over Eintracht Frankfurt in the UEFA Champions League on Wednesday night, scoring deep into stoppage time to secure a dramatic home win in Baku.
Argentina's economic activity shrunk 0.3% in November compared with the same month last year, marking the first monthly contraction of 2025, data from Argentina's national statistics agency showed on Wednesday.
Wall Street closed sharply lower on Tuesday as global markets fell after U.S. President Donald Trump’s new tariff threats against Europe unsettled investors and revived fears of renewed volatility.
Global markets are rattled after U.S. President Donald Trump threatened new tariffs on eight European countries over Greenland, sending the euro to a seven-week low and raising concerns about renewed transatlantic trade tensions.
Hong Kong and Shanghai will sign a memorandum of understanding next week to establish a cross-border gold trade clearing system, a move aimed at boosting Hong Kong’s role as an international gold trading hub, Financial Secretary Paul Chan said.
Elon Musk is seeking up to $134 billion from OpenAI and Microsoft, arguing that the companies profited unfairly from his early support of the artificial intelligence firm, according to a court filing made public on Friday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment