Tesla sales tumble amid Musk backlash and mounting competition
Vehcle sales fell to 384,122 in April through June, a more than 13% drop from 443,956 in the same period last year. Sales of the company's Models 3 and Y totaled 373,728, above the estimate of 356,000 from Wall Street analysts.
The decline comes amid renewed friction between Musk and President Trump this week, with the billionaire entrepreneur blasting the Republican tax and spending bill passed by the Senate on Tuesday.
Musk has acknowledged that his work as head of the Department of Government Efficiency and his embrace of European far-right candidates have hurt the company. But he attributed much of the sales plunge to customers holding off while they waited for new versions of Tesla's best selling Model Y, and recently predicted a major turnaround in sales.
Tesla sales across Europe plummeted by almost 50% in April even as the broader market for electric cars saw growth in the region, according to data released by the European Automobile Manufacturers' Association in May. At the same time, sales of battery-electric vehicles by all manufacturers rose about 28%, the group's data shows.
Despite the sales slump, Wedbush analyst Dan Ives thinks Tesla is well-positioned for future growth, pointing to the company's push into self-driving vehicles. Tesla in June started testing a "robotaxi" service in Austin, Texas, and is investing heavily in autonomous driving technology.
"Autonomous remains the biggest transformation to the auto industry in modern day history, and in our view Tesla will own the autonomous market in the U.S. with the initial launch of unsupervised [full self-driving] in Austin," he said in a note to investors.
Tesla's stock price rose $13, or 4%, to $309.30 in morning trade on Wednesday.
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Brad Pitt's F1 movie uses Daytona, Rolex 24 and IMSA as a launch pad
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Your essential guide to climate finance
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The Intergovernmental Panel on Climate Change (IPCC) estimates that the remaining carbon budgets amount to 400 billion tonnes of CO₂ from 2020 onwards. Think of the carbon budget as a climate allowance. Once it has been spent, the risk of extreme weather or sea level rise increases sharply. If emissions continue unchecked, the budget will be exhausted within years, risking severe climate consequences. The IPCC sets the global carbon budget based on climate science, and governments use this framework to set national emission targets, climate policies and pathways to net zero emissions. By Dongna Zhang, assistant professor in economics and finance, Northumbria University Carbon credits are like a permit that allow companies to release a certain amount of carbon into the air. One credit usually equals one tonne of CO₂. These credits are issued by the local government or another authorised body and can be bought and sold. Think of it like a budget allowance for pollution. It encourages cuts in carbon emissions each year to stay within those global climate targets. The aim is to put a price on carbon to encourage cuts in emissions. If a company reduces its emissions and has leftover credits, it can sell them to another company that is going over its limit. But there are issues. Some argue that carbon credit schemes allow polluters to pay their way out of real change, and not all credits are from trustworthy projects. Although carbon credits can play a role in addressing the climate crisis, they are not a solution on their own. By Sankar Sivarajah, professor of circular economy, Kingston University London Carbon offsetting is a way for people or organisations to make up for the carbon emissions they are responsible for. For example, if you contribute to emissions by flying, driving or making goods, you can help balance that out by supporting projects that reduce emissions elsewhere. 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Since then, more than 39 jurisdictions have implemented similar schemes. According to the World Bank, carbon pricing mechanisms (that's both carbon taxes and emissions trading systems) now cover about 24% of global emissions. The remaining 76% are not priced, mainly due to limited coverage in both sectors and geographical areas, plus persistent fossil fuel subsidies. Expanding coverage would require extending carbon pricing to sectors like agriculture and transport, phasing out fossil fuel subsidies and strengthening international governance. Sweden has one of the world's highest carbon tax rates and has cut emissions by 33% since 1990 while maintaining economic growth. The policy worked because Sweden started early, applied the tax across many industries and maintained clear, consistent communication that kept the public on board. Canada introduced a national carbon tax in 2019. 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From restoring wetlands to cool cities and absorb floods, to creating early warning systems for heatwaves, climate resilience is about weaving strength into the very fabric of our cities. By Paul O'Hare, senior lecturer in geography and development, Manchester Metropolitan University Climate risk disclosure refers to how companies report the risks they face from climate change, such as flood damage, supply chain disruptions or regulatory costs. It includes both physical risks (like storms) and transition risks (like changing laws or consumer preferences). Mandatory disclosures, such as those proposed by the UK and EU, aim to make climate-related risks transparent to investors. Done well, these reports can shape capital flows toward more sustainable business models. Done poorly, they become greenwashing tools. By Narmin Nahidi, assistant professor in finance at the University of Exeter An emissions trading scheme is the primary market-based approach for regulating greenhouse gas emissions in many countries, including Australia, Canada, China and Mexico. Part of a government's job is to decide how much of the economy's carbon emissions it wants to avoid in order to fight climate change. It must put a cap on carbon emissions that economic production is not allowed to surpass. Preferably, the polluters (that's the manufacturers, fossil fuel companies) should be the ones paying for the cost of climate mitigation. Regulators could simply tell all the firms how much they are allowed to emit over the next ten years or so. But giving every firm the same allowance across the board is not cost efficient, because avoiding carbon emissions is much harder for some firms (such as steel producers) than others (such as tax consultants). 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ESG means choosing to invest in companies that are not only profitable but also responsible. Investors use ESG metrics to assess risks (such as climate liability, labour practices) and align portfolios with sustainability goals by looking at how a company affects our planet and treats its people and communities. While there isn't one single global body governing ESG, various organisations, ratings agencies and governments all contribute to setting and evolving these metrics. For example, investing in a company committed to renewable energy and fair labour practices might be considered 'ESG aligned'. Supporters believe ESG helps identify risks and create long-term value. Critics argue it can be vague or used for greenwashing, where companies appear sustainable without real action. ESG works best when paired with transparency and clear data. A barrier is that standards vary, and it's not always clear what counts as ESG. Why do financial companies and institutions care? 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It's a cornerstone of climate accountability in finance and is becoming essential under net zero pledges. By Narmin Nahidi, assistant professor in finance at the University of Exeter Green bonds are loans issued to fund environmentally beneficial projects, such as energy-efficient buildings or clean transportation. Investors choose them to support climate solutions while earning returns. Green bonds are a major tool to finance the shift to a low-carbon economy by directing finance toward climate solutions. As climate costs rise, green bonds could help close the funding gap while ensuring transparency and accountability. Green bonds are required to ensure funds are spent as promised. For instance, imagine a city wants to upgrade its public transportation by adding electric buses to reduce pollution. Instead of raising taxes or slashing other budgets, the city can issue green bonds to raise the necessary capital. Investors buy the bonds, the city gets the funding, and the environment benefits from cleaner air and fewer emissions. The growing participation of government issuers has improved the transparency and reliability of these investments. The green bond market has grown rapidly in recent years. According to the Bank for International Settlements, the green bond market reached US$2.9 trillion (£2.1 trillion) in 2024 – nearly six times larger than in 2018. At the same time, annual issuance (the total value of green bonds issued in a year) hit US$700 billion, highlighting the increasing role of green finance in tackling climate change. By Dongna Zhang, assistant professor in economics and finance, Northumbria University Just transition is the process of moving to a low-carbon society that is environmentally sustainable and socially inclusive. In a broad sense, a just transition means focusing on creating a more fair and equal society. Just transition has existed as a concept since the 1970s. 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It's the bees that pollinate our crops. It's the wetlands that filter our water and it's the trees that store carbon and cool our cities. If we fail to value nature properly, we risk losing it. But if we succeed, we unlock a future that is not only sustainable but also truly regenerative. My team at the University of Oxford is developing tools to integrate nature into national balance sheets, advising governments on biodiversity, and we're helping industries from fashion to finance embed nature into their decision making. By Mette Morsing, professor of business sustainability and director of the Smith School of Enterprise and the Environment, University of Oxford Reaching net zero means reducing the amount of additional greenhouse gas emissions that accumulate in the atmosphere to zero. This concept was popularised by the Paris agreement, a landmark deal that was agreed at the UN climate summit (Cop21) in 2015 to limit the impact of greenhouse gas emissions. There are some emissions, from farming and aviation for example, that will be very difficult, if not impossible, to reach absolute zero. Hence, the 'net'. This allows people, businesses and countries to find ways to suck greenhouse gas emissions out of the atmosphere, effectively cancelling out emissions while trying to reduce them. This can include reforestation, rewilding, direct air capture and carbon capture and storage. The goal is to reach net zero: the point at which no extra greenhouse gases accumulate in Earth's atmosphere. By Mark Maslin, professor of earth system science, UCL For more expert explainer videos, visit The Conversation's quick climate dictionary playlist here on YouTube. This article is republished from The Conversation under a Creative Commons license. Read the original article. Mark Maslin is Pro-Vice Provost of the UCL Climate Crisis Grand Challenge and Founding Director of the UCL Centre for Sustainable Aviation. He was co-director of the London NERC Doctoral Training Partnership and is a member of the Climate Crisis Advisory Group. He is an advisor to Sheep Included Ltd, Lansons, NetZeroNow and has advised the UK Parliament. He has received grant funding from the NERC, EPSRC, ESRC, DFG, Royal Society, DIFD, BEIS, DECC, FCO, Innovate UK, Carbon Trust, UK Space Agency, European Space Agency, Research England, Wellcome Trust, Leverhulme Trust, CIFF, Sprint2020, and British Council. He has received funding from the BBC, Lancet, Laithwaites, Seventh Generation, Channel 4, JLT Re, WWF, Hermes, CAFOD, HP and Royal Institute of Chartered Surveyors. Amani Maalouf receives funding from IKEA Foundation and UK Research and Innovation (NE/V017756/1). Narmin Nahidi is affiliated with several academic associations, including the Financial Management Association (FMA), British Accounting and Finance Association (BAFA), American Finance Association (AFA), and the Chartered Association of Business Schools (CMBE). These affiliations do not influence the content of this article. Paul O'Hare receives funding from the UK's Natural Environment Research Council (NERC). Award reference NE/V010174/1. Alix Dietzel, Dongna Zhang, Doug Specht, Mathias Weidinger, Meilan Yan, and Sankar Sivarajah do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.
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41 minutes ago
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Ohio State Patrol wants your vote for best looking cruiser in the U.S.
COLUMBUS — The Ohio State Highway Patrol is asking for help from Ohioans as it once again competes for the title of "Best Looking Cruiser." According to an announcement, the American Association of State Troopers hosts the annual contest where state police agencies submit photos of their patrol vehicles. The top 13 photos, determined by the public, will be featured in the AAST's annual calendar. This contest promotes friendly competition among law enforcement agencies nationwide and helps agencies connect with their communities. The Patrol's cruiser, along with the Flying Wheel logo, symbolizes its commitment to providing unbiased and professional public safety services, according to the announcement. Voting is open now and will close at 5 p.m. on July 11. To cast your vote, visit the contest webpage and click the 'Vote Here' link. Then, scroll down to find the Patrol's photo and vote. Participants can vote once per day per device, so it is recommended to bookmark the page and vote daily for the best chance to win. Voters may need to clear their browser's cache and cookies each day to ensure their votes are counted. This story was created by Jane Imbody, jimbody@ with the assistance of Artificial Intelligence (AI). Journalists were involved in every step of the information gathering, review, editing and publishing process. Learn more at This article originally appeared on Mansfield News Journal: Ohio troopers need your help to win national cruiser photo contest
