GM o.k’s new $6 bln share buyback plan. No freshened Model Y this year. Musk threatens to ban iPhones at home. More.

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Monday Morning Auto News, Jun 10, 2024: Japan gov’t inspects Honda HQ. EU set to disclose tariffs for Chinese EVs. Volvo moves EV production from China to Belgium. More.

 

Friday Morning Auto News, Jun 07, 2024: EU, US scared of Chinese EVs: BYD founder. Musk “may step back,” if. Citroen to drop small and large cars. More.

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Tesla trounced by that other Shanghai car company as its Germany sales crash in May

What is this picture telling us?  Germany’s BEV market has been thoroughly disrupted. Tesla is on its knees begging for sales. Those were down 64% y/y in May, and 41% for the year, data released by Germany’s regulator Kraftfahrt Bundesamt KBA show.

What’s worse, formerly proud Tesla has been trounced by that other Shanghai Auto company, SAIC, which has sold more of its electric MG Roewe 3  in Germany during the month than Tesla’s total. That’s 2,064 MG Roewe 3 vs. 1,896 Teslas.  I don’t think we’ll hear Tesla fans crow this month about their best-selling BEV.  Germany’s best-selling  BEV in May was  Volkswagen’s much maligned I3 with 2,383 units, followed by said MG Roewe 3, a BEV most First World folks probably never heard of.

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Thursday Morning Auto News, Jun 06, 2024: VW to launch new EV platform by 2028. Sander back at VW. Toyota’s nothingburger. More.

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