Latest news with #Cybertruck
Fox Sports
6 hours ago
- Sport
- Fox Sports
USC's Alijah Arenas Out 6-to-8 Months Due to Knee Surgery
USC freshman guard Alijah Arenas will require surgery on his knee that will keep him out of action for six to eight months, the school announced Wednesday. The McDonald's All-American and five-star recruit is the son of former NBA All-Star Gilbert Arenas. The younger Arenas is a 6-foot-6 shooting guard from Chatsworth High School (Los Angeles) and was expected to be a big contributor for the Trojans this season. "Alijah is a tremendous worker, teammate, competitor, and person," USC coach Eric Musselman said. "He is understandably disappointed that he will not be able to take the court to start the season, but his health is our No. 1 priority. We have no doubt that he will come back even stronger. We look forward to supporting him during this process." Arenas, 18, was involved in a single-car accident in April after he crashed his Tesla Cybertruck into a tree in the Reseda section of Los Angeles' San Fernando Valley. He spent six days in the hospital following the accident and was in an induced coma but did not suffer major injuries. In a news conference in June, Arenas said his Cybertruck's keypad and steering wheel wouldn't respond. Arenas said he awoke to find the passenger side of the dashboard engulfed in flames and tried to use his digital key to escape, only to find the Tesla app had locked him out. "I tried to open the door and the door wasn't opening," he said. Want great stories delivered right to your inbox? Create or log in to your FOX Sports account and follow leagues, teams and players to receive a personalized newsletter daily! Get more from the USC Trojans Follow your favorites to get information about games, news and more in this topic
Miami Herald
8 hours ago
- Automotive
- Miami Herald
Tesla Won't Like How Many Pre-orders New $46k Chinese SUV Received
Tesla was already making up lost ground in China this year, and a new 912-horsepower SUV from automaker Dongfeng has scored nearly 10,000 pre-orders in 24 hours. Dongfeng, one of China's big four state-owned auto manufacturers, racked up these pre-orders for its M-Hero M817 hybrid, acting as an alternative to Tesla's products with a multi-faceted value proposition. The M817's off-road capability fills a niche that Tesla can't yet fill in China since its Cybertruck isn't sold in the country. Dongfeng also sells its M817 for 329,000 yuan, equivalent to about $45,854, allowing drivers to receive a solid amount of versatility without spending a fortune. The 5-seat SUV features a 1.5-liter turbocharged engine and two electric motors, resulting in a 4.2-second 0-62 mph time and a superb all-electric range for a hybrid vehicle of 124 miles. Additionally, its 912-horsepower rating is complemented by 944 lb-ft of torque and a 4x4 drivetrain. Dongfeng's M817 is equipped with Huawei's latest ADS 4 driving assistance system. Huawei's ADS 4 driving assistance system represents China's debut high-speed Level 3 commercial autonomy solution and contains the first mass-produced high-precision solid-state LiDAR (Light Detection and Ranging), the first mass-produced in-cabin laser vision sensor, and the first distributed millimeter-wave radar, according to Shanghai Metal Market. The M817 will come in dual exterior designs labeled "City Edition" and Off-Road Edition." The City Edition features hidden mechanical door handles and low-drag wheels, while the Off-Road Edition boasts exposed hinges, beadlock wheels, and a 12,500-lb electric winch, Car News China reports. Drivers receive a 33-degree approach angle, a 34-degree departure angle, and a 13.1-inch ground clearance. Those seeking extra ground clearance can increase this figure to 15.1 inches by opting for air suspension. On the display front, a 15.6-inch floating curved central screen takes center stage with aviation-inspired switches and a rotary knob to minimize reliance on touch controls. Passengers have access to 13 power outlets, and buyers can choose between a Plug-in Hybrid Electric Vehicle (PHEV) or an Extended-Range Electric Vehicle (EREV) powertrain. While Dongfeng received positive news after its initial pre-orders, Tesla registered 9,900 vehicles in China between July 14 and 20, down nearly 20% from 12,300 the previous week and 5.7% lower than the same time last year, according to EV. Last year, Tesla's sales three weeks into Q3 were up over 70% year-over-year. Tesla China registrations had been climbing somewhat after the company posted its lowest amount in two months at the start of July. From January 1 to July 20, Tesla's sales are down 4.8% year-over-year, with a total of 291,300 vehicle deliveries. Unlike the hundreds of thousands of pre-orders that Xiaomi's YU7 electric SUV pulled last month in China, the deposits for Dongfeng's M-Hero M817 are refundable. Still, Dongfeng receiving 9,713 pre-orders in a single day shows that the automaker can compete against automakers like Tesla and China's NEV (New Energy Vehicle) market as a whole. The model's appeal is rooted in hybrid versatility, which combines quality all-electric range, off-road capability, and power into a stylish package that's hard to miss. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
Business Insider
21 hours ago
- Automotive
- Business Insider
Tesla sales are nosediving in California, and it's dragging the state's entire EV market down
Tesla's new retro-futuristic diner has Californians queuing around the block — but they are less keen on the company's cars. The automaker's registrations in the West Coast state fell more than 20% in the second quarter compared to the previous year, according to data from the California New Car Dealers Association released on Tuesday. It's Tesla's seventh consecutive quarterly decline in the US's largest EV market, and comes despite California's new car sales growing in the first half of the year. The California Dealers Association warned that Tesla's woes were dragging the rest of the state's EV market down. Zero-emission vehicles accounted for 18.2% of new cars sold in California in the second quarter of 2025, compared to 22% in 2024, the association's data showed. Tesla has been struggling with lacklustre sales this year. The electric vehicle giant is battling consumer backlash over CEO Elon Musk's high-profile interventions into US politics. The sales data suggest that the brand damage has been acute in California, which leans liberal and was the birthplace of the Tesla Takedown protest movement. Tesla is set to report second-quarter earnings after the market closes on Wednesday. Earlier this month, the carmaker reported that its deliveries for the second quarter had fallen by around 13.5% compared to last year, its second consecutive decline in global sales. In addition to the brand damage caused by Musk's work on DOGE and his support for the Trump administration — which seemingly ended with a high-profile public spat last month — Tesla is also facing fierce competition and a dearth of new products. A refreshed version of Tesla's best-selling Model Y, launched earlier this year, has failed to boost sales. The automaker has not rolled out a new model since the Cybertruck in 2023. The polarizing pickup has sold only 11,000 units so far this year, according to data from Cox Automotive. Tesla faces additional challenges from recently passed legislation that is set to end the $7,500 tax credit for new US-made electric cars in September. The company recently introduced a wave of new incentives and offers, including free supercharging for some Model 3 purchases and free Full Self-Driving transfers, as it looks to drive sales before the end of the tax credit. Tesla did not respond to a request for comment sent outside normal working hours.
WIRED
a day ago
- Automotive
- WIRED
It Looks Like the Tesla Model Y Refresh Has Bombed
The high-selling Model Y is crucial for both Elon Musk and Tesla, but a half-hearted reskin of the car hasn't reversed the company's sales woes. Would a complete overhaul have been a better bet? Despite Elon Musk stepping away from his DOGE activities, Tesla's sales have continued to slide. No doubt Musk hoped that the release earlier this year of the refreshed Model Y would help reverse these fortunes; however, describing the six-year-old midsize crossover EV as 'new' appears not to have attracted as many buyers as Tesla anticipated. Model Y is crucial for Musk; it accounts for roughly two-thirds of Tesla's global sales (though this fluctuates). Last year, however, according to JATO Dynamics, the Y lost its top slot in the rankings for world's top-selling car in 2024 to Toyota. The revamped Model Y was launched in January, but it only became globally available through May. While there's no definitive data yet on how well the car is performing at retail—Tesla doesn't publish model or country sales number splits—the early signs do not look good. Many markets offer discounts and low-interest loans for the Model Y, and delivery is reportedly immediate for those interested, suggesting a general lack of demand, which is far different from the long wait times typically seen for the previous Model Y. The refreshed Model Y features a Cybertruck-like light bar on the front. Courtesy of Tesla With many analysts pinning Tesla's current woes on Musk's tanking popularity, bulls have kept the faith, claiming that last year's sales decline was mainly due to reduced inventory as production switched over to the revamped Model Y, with would-be customers delaying purchases until this year's delivery of the makeover of a vehicle unveiled back in 2019. According to the latest report from Kelley Blue Book, Tesla's US sales fell 9 percent in the first quarter. Receipts didn't pick up when the revamped Model Y became more widely available, with Kelley Blue Book estimating Model Y sales in the US falling by 15 percent year over year in the second quarter. (Tesla reported on July 2 it sold 384,122 cars in the second quarter of 2025, a near 15 percent decline from the previous year.) 'The hyper-competitive [US] EV market is providing the troubled automaker no relief,' noted Cox Automotive's analysis. Speaking on the second quarter Tesla figures, Cox Automotive's director of industry insights Stephanie Valdez Streaty says this was 'more than double the overall EV market's 6.3 percent drop, making it a standout in terms of softness.' However, she stresses, the Model Y still 'commands a dominant 28 percent share of the EV market.' Nevertheless, The New York Times reported that Tesla's factories were operating at just 70 percent capacity in the second quarter. Tesla sales in Europe remain depressed. In Sweden, Tesla sold 53.7 percent fewer cars in May compared to the same month a year earlier, while in Portugal sales were down 68 percent. And this was on top of similarly steep falls in previous months. Most other European markets were down by similar numbers, but inexplicably, in Norway, sales jumped by 213 percent in May, according to data from the Norwegian Road Federation. The future looks especially bleak for Tesla in China, the world's largest and most competitive automotive market. Data from the China Passenger Car Association shows that despite an uptick last month, Tesla sold 128,803 vehicles in China during the second quarter of 2025, a 4.3 percent decrease from the first quarter. Year-over-year, the decline is even starker at 11.7 percent compared to the second quarter of last year. This decline in China, Tesla's second-most-important market after the US, occurred despite showrooms offering discounts on the refreshed Model Y, providing 0 percent financing and reportedly staging street promotions featuring entertainers to draw in potential customers. Unlike long-in-the-tooth Tesla models, Chinese auto brands can launch new platforms within 18 months, and they file dozens of automotive-related patents daily. A new light bar running across the front hood and a few other tweaks on the refreshed Model Y are not head-turning in a Chinese market fizzing with innovation. The Model Y 'is not a new car,' says Jay Nagley from automotive consultancy Redspy. 'It's a heavy facelift. If it doesn't look new, then people don't think it's new. You can't order people to think differently; not even Elon Musk can do that.' Another light bar is on the rear … Courtesy of Tesla … while the side profile is largely unchanged. Courtesy of Tesla Tesla has 'fallen behind Chinese competition,' states David Bailey, professor of business economics at the University of Birmingham in England, with BYD now besting Tesla on most fronts. 'Rather than launching a more mass-market model, Tesla wasted a lot of money on the Cybertruck. And Tesla's autonomous technology is behind that of Chinese makers.' Essentially, adds Bailey, Tesla has 'gone from being a disruptor to being a laggard.' And the refreshed Model Y hasn't juiced Tesla at all. 'Model Y has not taken off to the degree that Tesla needed, because the competition has caught up and, in some cases, overtaken it at lower prices,' Bailey says. 'BYD can make a car at a lower cost with better battery technology. Tesla was relying on a premium position to allow them to charge a premium price, but they're now being out-competed with better tech at lower prices.' Referring to the promise of an entry-level EV, Bailey says that Tesla 'could have built at scale to get costs down. Musk has consistently said it's all about scale, and yet he's done other things.' Aside from potential missions to Mars, these other things include prioritizing politics over business now that Musk says he wants to launch a third party to disrupt the Republican-Democrat duopoly in the US. This is testing the patience of even the most gung-ho of Tesla's perma-bulls. Wedbush Securities tech analyst Dan Ives wrote a cautionary post on X in early July, urging Tesla to stop Musk's roving political eye with a fatter salary. Musk responded on X that Ives should 'shut up.' For several years, Ives has been one of Musk's most vociferous and loyal champions, but with estimated lower-than-promised sales of Model Y, no commercial release date for Tesla's humanoid robot, and a not entirely unproblematic robotaxi trial in Austin, Texas, he and many of Tesla's biggest investors are getting antsy. Tesla did not respond to WIRED's request for comment on this article. For Nagley, it's too early to talk about Tesla failing to survive, 'but the question is, can they thrive? One of the iron rules about the car industry is that there are model life cycles. People get bored of cars of one generation and want a new generation, or they go somewhere else,' he says. Customers 'have decided that a lot of Tesla cars, including the 'new' Model Y, are looking very familiar.' In an automotive world where China designs are advancing far faster than Western competitors, how cars look is becoming ever more crucial. For Jamie Tomkins, senior project designer at the Royal College of Art's Intelligent Mobility Design Centre in London, an only slightly updated Model Y design is a missed opportunity for Tesla. 'Just to update the front and rear and make it kind of Cybertruck-esque … it's not enough,' he says. Referring of the historical global success of the Y, Tomkins adds that it would have been prudent for Tesla to invest in a full redesign, 'but they've done it on the cheap. Any brilliance that Musk may have shown before is now history.' Frank Stephenson, the renowned auto designer who has worked for Ford, BMW, Ferrari, Maserati, Fiat, Lancia, Alfa Romeo, and McLaren, and is perhaps best known for redesigning the Mini, has a clear opinion. 'They've got a great design team [at Tesla]. But the worst designer at Tesla is Musk. I know a few guys on the team. They're very capable. It's just that when Elon says 'I want something' he gets it, and it's not to everybody's taste—which is I'm sure what happened with Cybertruck.' Model Y is 'the most successful volume seller for the brand, and it's doing well,' says Stephenson. 'But it's that philosophy of if it's not broken, don't fix it. But a lot of times, in the world of design, that is the wrong path. If you're not moving forward, you're moving back. So everybody's full on, especially the Chinese right now.' Stephenson feels that the addition of the light bars to the 'new' Model Y was a response to some of the more positive reactions to the Cybertruck—'so they borrowed that,' he says. 'The one on the back has the wow factor. The light bar on the front is as boring as you can make a light bar.' However, Musk appears to not merely be pinning hopes of extending the Model Y's lifespan on just the recent refresh. 'Grok is coming to Tesla vehicles very soon,' Elon Musk stated in a post on X earlier this month, though this only brings the EV brand in line with what the likes of Mercedes-Benz and Volkswagen have already done in adding AI assistants to their vehicles. And just this week it's been revealed that Tesla has a longer-wheelbase version of the Y, the Model Y L (a six-seater, 456 HP, dual-motor iteration of its electric SUV) coming to China customers to fill the demand for such vehicles there right now. Whether it eventually also lands in the US remains unconfirmed. As it stands in the US market, GM, Rivian, and other brands have, relatively speaking, newer-minted EVs to sell—but while the Model Y has many rivals, there's not yet a clear Model Y killer in Western markets. It's very different in China. Last month, Xiaomi opened preorders for its YU7 SUV, amassing more than 200,000 down payments in mere minutes. Meanwhile, Xpeng debuted the G7, another Model Y rival, to similarly robust early demand. The YU7, in particular, could seriously dent Tesla's Model Y sales in China. Xiaomi makes a wide range of consumer electronic products—from smart TVs to beds—with millions of customers globally in its tech ecosystem. Musk would doubtless disagree, but many consider Xiaomi's tech superior to Tesla's: Its motors are better, its infotainment is slicker, and its design is fresher. And—the true killer blow—it's cheaper. The YU7 is $1,500 cheaper in China than the Model Y. To Musk's possible relief, the YU7 won't be delivered to most consumers until next year, and there might still be Tesla-style delivery snafus ahead for Xiaomi, but in the near future, and in markets outside of China, too, you can rest assured that the YU7 and Xpeng's G7 won't be the only Model Y killers out there. Tesla's refresh has not worked—Model Y is Model Yesterday.
Business Insider
a day ago
- Automotive
- Business Insider
Tesla's (TSLA) Sales Plunge Again in California, but This Time It's Not Alone
EV maker Tesla (TSLA) saw its vehicle registrations in California drop by 21.1% in the second quarter, as the company continues to struggle in one of its most important U.S. markets. Indeed, California has traditionally been a strong area for Tesla, but recent trends suggest that a shift is occurring. Some believe that CEO Elon Musk's increasingly political behavior, which often clashes with California's liberal values, might be part of the reason why the brand is losing traction in the state. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. As a result, from April to June, Tesla registered 41,138 new vehicles in California, down from 52,119 in the same period of last year, according to the California New Car Dealers Association (CNCDA). This is the seventh consecutive quarter that Tesla has seen a decline in registrations in the state. To make matters worse, Tesla recorded only 3,622 Cybertruck registrations during the first six months of the year. Still, Tesla's Model Y and Model 3 continue to be the two most popular vehicles in the zero-emission and hybrid category through the first half of the year. Interestingly, though, it is worth mentioning that Tesla isn't the only EV brand facing challenges. In fact, rival Rivian (RIVN) saw a 28.6% drop in second-quarter registrations in California. At the same time, hybrid vehicles are gaining popularity, with registrations rising by 54% in the first half of the year to make up 19.2% of the California market, according to CNCDA. Therefore, investors are currently waiting for Tesla's second-quarter earnings results, which are scheduled for July 23 after the market closes, for clues on how the company plans to tackle its problems. What Is the Prediction for Tesla Stock? Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 13 Buys, 13 Holds, and eight Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average TSLA price target of $299.52 per share implies 10.3% downside risk.
