SpaceX to invest $2 billion in Musk's xAI startup, WSJ reports
According to a Wall Street Journal report on Saturday, SpaceX is investing $2 billion into xAI as part of a broader $5 billion equity funding round, s...
Tesla’s market performance in Scandinavia has experienced a notable downturn, with registration data from February showing a significant decline compared to the previous year.
In Sweden, new Tesla registrations dropped by 42% year-on-year, while both Norway and Denmark saw decreases of 48%, despite an overall increase in auto and electric vehicle demand in these countries.
In Norway—where nearly all new vehicles are electric—Tesla’s share of total car sales has fallen to 8.8% year-to-date, down from 18.9% recorded in 2024 and 20% in 2023. Industry observers note that this decline coincides with increasing competition from rivals such as Volkswagen and Toyota, which have introduced newer model lineups that appear to be capturing consumer interest.
Analysts suggest that Tesla’s challenges may be compounded by broader concerns over brand perception. CEO Elon Musk’s political activities, including his involvement in U.S. political affairs, federal workforce cuts, and comments perceived as aligning with far-right views in Europe, have sparked demonstrations and calls for boycotts. Some prospective buyers, according to the Danish Federation of Motorists, have indicated a willingness to consider alternatives to Tesla amid what they describe as a growing trend in “political consumerism.”
The company is also facing scrutiny over its vehicle lineup. Observers point to an ageing range of models as a potential factor in the current sales decline. Tesla is preparing to introduce an upgraded version of its Model Y mid-size SUV in Europe—the best-selling car in the region over the past two years—but it remains to be seen whether this new iteration will help the company regain market share. Initial assessments of the impact are expected between March and June, with possible adjustments in pricing strategy also under consideration.
A Tesla spokesperson did not immediately respond to requests for comment regarding the recent sales figures and market trends.
As competition intensifies and brand loyalty is tested, the coming months will be critical in determining whether Tesla can reverse its declining momentum in the Scandinavian market.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Dozens of international and domestic flights were cancelled or delayed after Mount Lewotobi Laki Laki erupted on Monday, but Bali’s main airport remains operational.
French member of parliament Olivier Marleix was found dead at his home on Monday, with suicide being considered a possible cause.
Georgia and China have expressed interest in expanding cooperation in the fields of education, tourism, and cultural exchange, during a high-level meeting on the sidelines of a forum in Croatia.
Israeli and Syrian officials reportedly met face to face in Baku, signalling a rare step in potential regional coordination despite decades of hostilities.
President Recep Tayyip Erdogan spoke by phone with Azerbaijani President Ilham Aliyev to discuss bilateral ties as well as regional and global issues, Türkiye’s Communications Directorate said on Saturday.
President Tayyip Erdogan declared on Saturday that an historic turning point had been reached in Türkiye’s four-decade conflict with the Kurdistan Workers Party after 30 militants burned their weapons in northern Iraq.
The working visit of the Transitional President of the Syrian Arab Republic, Ahmad Al Sharaa, to the Republic of Azerbaijan concluded on July 12.
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