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While Paris is expanding bike paths and shunning SUVs, it’s different in Berlin. Here, the car is king, at least for the city’s conservative government, which is unleashing a culture war against cyclists and drivers.

By contrast, German cities Hanover and Tübinger are planning to build more cycling infrastructure, with Hanover considered one of the most bike-friendly cities in the world with its vast bike lane network and no-car days. And other European cities are considering going the way of Paris by slapping hefty parking fees on SUVs, which are surging in popularity in Europe.

But Berlin’s government says that isn’t the way forward for the German capital: “We have no intention of increasing parking charges for SUVs. More generally, we have no plans to impose new rules on their owners,” said Kai Wegner, the city’s first right-wing governing mayor since 2001.

Putting a fine point on this isn’t, of course, surprising, since for the past year Berlin has been helmed by the Christian Democratic Union (CDU)’s Wegner. Le Monde writes that one of his campaign slogans was: “Berlin is for everyone, including car drivers.” Another poster read: “Berlin, don’t let the car be banned.”

After the party won the election, Wegner quickly set about undoing all the green transport projects set up by his left-leaning predecessors.

Some of the unraveling involved pulling the brakes on all bike infrastructure projects that “endanger” existing car lanes or parking spaces, writes Politico. The plan to add thousands of miles of cycling lanes was put on hold, as was the plan to pedestrianize the Friedrichstrasse, a roughly 2-mile thoroughfare of high-end shops, restaurants, and the former Checkpoint Charlie border crossing between East and West Berlin. A popular spot for Berliners and tourists alike, it was a natural testing ground for banning cars to make room for people. But some local business owners said they saw a drop in sales after the car ban, and the conservative government was more than eager to shut the project down and let the cars back in.

Part of the CDU’s rhetoric, too, is sounding awfully familiar these days in Europe, that bike networks and pedestrian zones exclude working-class people who need cars to commute to work in the city center each day, so removing parking lanes for bikes or shutting off roads to cars cut into their livelihoods. For Paris, the higher SUV parking fees exempt workers needing to commute, for example.

Still, all this tension, too, has resulted in Berlin cyclists reporting a rise in violence from drivers when out cycling or engaging in pro-bike protests, reports ExBerliner.

Already there are 1.23 million registered cars in Berlin, with each year some 10,000 more cars arriving in Berlin – with the city ranking as Germany’s most polluted city. Most people, however, prefer other forms of transit, with the last government survey from 2018 saying only 23% of daily journeys were made by private vehicle. Among other modes of transport: 27% by public transport, 31% by foot, and 18% by bicycle. Plus more people took to their bikes after the pandemic, with 17% more cyclists on roads now than in 2018.

Another major point of contention is the planned extension of the A100 highway through Berlin, which could see around 30 nightclubs and cultural venues being knocked down to build it – a move that is fiercely opposed by activists who want to protect this part of the city’s cultural heritage and prevent a flood of cars flowing into the city. And what is Berlin without an industrial club? While Berlin’s long-ruling Social Democratic Party (SPD) opposed the extension, the CDU sees it differently and has the final word.


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BYD overtakes Tesla as China’s EV giants dominate global sales

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BYD overtakes Tesla as China's EV giants dominate global sales

China’s EV automakers have surged ahead of the competition in global EV sales, and a new report shows just how far ahead they are.

The International Council on Clean Transportation (ICCT) just dropped its third annual Global Automaker Rating, showing that Chinese carmakers dominate the zero-emission vehicle (ZEV) space. China now accounts for over 11 million EVs sold annually – over half of global EV sales.

Its massive domestic market has helped Chinese automakers build serious momentum. They’ve scaled up, improved tech, and are now setting the pace globally. Companies like Geely and SAIC have already hit 50% EV sales share, meeting their 2025 targets a full year early. In fact, Chinese automakers took the top five spots for ZEV class coverage, and five out of the top six for EV sales share.

Meanwhile, automakers in the US and Europe are trying to catch up. But they’re facing a dual challenge of falling behind on tech while navigating shaky regulatory environments.

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The report also confirmed a big milestone: In 2024, BYD officially surpassed Tesla in global battery electric vehicle (BEV) sales for the first time. BYD’s BEV sales jumped 25%, and its combined BEV and plug-in hybrid sales climbed an impressive 47% year-over-year. Still, both BYD and Tesla remain in the “Leaders” category.

Automakers boosted energy efficiency, charging speed, and driving range thanks to newer, high-performance models.

“Our assessment revealed widespread improvement in BEV technology performance across the industry,” said Zifei Yang, ICCT’s global passenger vehicle lead. “GM and Honda made significant advancements by introducing high-performance models to their previously limited offerings, while companies like Geely, Chang’an, and Chery improved substantially with new high-performance EV lines.”

India’s Tata Motors also hit a turning point. For the first time, it graduated from ICCT’s “laggard” group to “transitioner,” thanks to new EVs and big moves on battery recycling and repurposing. While Japanese and South Korean automakers are still lagging behind, Honda and Nissan are inching forward. Honda launched its first US BEV, and Nissan finally clarified its ZEV targets.

One newer addition to this year’s report: a green steel metric. Since steel is the second-largest source of emissions in vehicle manufacturing (after batteries), ICCT now tracks which automakers are cutting emissions in the supply chain. European brands like Mercedes-Benz, BMW, and VW earned high marks for sourcing renewable-powered green steel.

ICCT’s CEO, Drew Kodjak, summed it up: “The rapid evolution of the EV market in China has created technological and manufacturing advantages for companies there. For the wider global auto industry, this is no longer just about meeting future goals – it’s about remaining competitive today in a market that’s charging up.”

The full Global Automaker Rating, covering 21 major automakers, is now live on ICCT’s website.

Read more: EV prices dipped in May – and Tesla Model Y led the slide


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Bloomberg just released the most embarrassing report about Tesla, Waymo, and self-driving

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Bloomberg just released the most embarrassing report about Tesla, Waymo, and self-driving

Bloomberg has just released an embarrassingly bad report about the self-driving space, in which it claimed Tesla has an advantage over Waymo by misrepresenting data.

There are currently many eyes on Tesla’s imminent launch of its “robotaxi” service in Austin, Texas.

We have just published a new report today to highlight how the launch is a game of smoke and mirrors, meant to reframe the optics of Tesla’s self-driving effort following years of broken promises.

At the same time, Bloomberg Intelligence released its own report, claiming that Tesla is ahead in self-driving technology, but the firm misrepresented data to support its claim.

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The report compares Tesla’s and Waymo’s self-driving efforts, going so far as to claim that “Tesla is closer to vehicle autonomy than peers.”

Here are the two main charts that Bloomberg circulated from the report:

The problem is that the report is misleading by comparing completely different data.

Steve Man, the Bloomberg Intelligence analyst behind the report, based his report on Tesla’s own quarterly misleading “Autopilot Safety Report.”

The report is widely considered to be unserious for several main reasons:

  • Tesla bundles all miles from its vehicles using Autopilot and FSD technology, which are considered level 2 ADAS systems that require driver attention at all times. Drivers consistently correct the systems to avoid accidents.
  • Tesla Autopilot, which is standard on all Tesla vehicles, is primarily used on highways, where accidents occur at a significantly lower rate per mile compared to city driving.
  • Tesla only counts events that deploy an airbag or a seat-belt pretensioner. Fender-benders, curb strikes, and many ADAS incidents never appear, keeping crash counts artificially low.
  • Finally, Tesla’s handpicked data is compared to NHTSA’s much broader statistics that include all collision events, including minor fender benders.

All these facts combined render the comparison between Tesla’s accident rate using “Autopilot technology” and NHTSA’s US average completely useless.

Yet, Bloomberg decided not only to use it but also to compare it to Waymo’s data to claim that “Tesla is 10 times safer”:

The problem with this is similar to the comparison with the US average, as the Waymo data includes all police-reported incidents, which is a much wider net than Tesla’s data, in addition to the previously mentioned issues.

To highlight how big a potential discrepancy there is in the data, NHTSA underscored in a report last year how Tesla is not aware of many crashes involving Autopilot and that only 18% of police-reported crashes involve airbag deployment:

Gaps in Tesla’s telematic data create uncertainty regarding the actual rate at which vehicles operating with Autopilot engaged are involved in crashes. Tesla is not aware of every crash involving Autopilot even for severe crashes because of gaps in telematic reporting. Tesla receives telematic data from its vehicles, when appropriate cellular connectivity exists and the antenna is not damaged during a crash, that support both crash notification and aggregation of fleet vehicle mileage. Tesla largely receives data for crashes only with pyrotechnic deployment, which are a minority of police reported crashes. A review of NHTSA’s 2021 FARS and Crash Report Sampling System (CRSS) finds that only 18 percent of police-reported crashes include airbag deployments.

Knowing full well the comparison is not fair and completely misrepresents the situation, the usual Tesla stock pumpers on X widely shared Bloomberg’s misleading report positively, and even CEO Elon Musk shared the misleading data:

Electrek’s Take

This is embarrassing for Bloomberg. It’s such a blatant error and misrepresentation that it is suspicious. They should issue a correction right away.

Tesla fanboys are now pushing this to try to prove that Tesla’s robotaxi is safe to launch amid Tesla doing everything it can to hide its self-driving crash data ahead of the launch. This is a dangerous report from Bloomberg.

Additionally, it’s not just the primary claim regarding the accident rate that is misleading. The report also contains several glaring errors.

In this chart, Bloomberg claims that Tesla is at “3 billion miles of data collected since launched”:

It looks like they simply use Tesla’s “cumulative miles driven with FSD (Supervised)”, which includes driver supervision, and the driver remains responsible for correcting FSD at all times.

In comparison, they talk about 22 million miles for Waymo. It looks like Bloomberg only used Waymo’s rider-only mileage in San Francisco, which is currently at 22 million miles, but when accounting all markets, Waymo is currently at more than 71 million miles:

It’s not clear why they would only use mileage in San Francisco for Waymo when they used Tesla’s global customer FSD mileage for Tesla.

Again, these are also “rider-only” miles, which means that there are only people riding inside the Waymo vehicles, compared to Tesla’s mileage being completely supervised by customer-drivers at all times.

We simply don’t know how many “rider-only” miles Tesla has, since it only started with one or two cars in Austin over the last few weeks. It is likely to have no more than a few hundred or a few thousand miles.

Regardless, it’s completely nonsensical to claim that Tesla is “ahead of its peers” in self-driving, especially Waymo, based on this report.

Tesla is currently only trying to launch something that Waymo has been doing for years.

The other argument the report attempts to make is that Tesla’s “self-driving” vehicles are approximately 7 times cheaper than Waymo’s.

Again, the problem is that Tesla’s vehicles are not self-driving. Tesla has yet to prove that, and that’s why it is using “plenty of teleoperation” in this launch in Austin. Mapping, optimizing for geo-fenced area, and teleoperations are the real limiting factors here. Not the cost of the vehicles.

Suppose Tesla has anything less than a 100-to-1 vehicle-to-teleoperator ratio. In that case, its system is not profitably scalable and I wouldn’t be surprised if it has a 1-to-1 ratio for the foreseeable future – at least on its current hardware.

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CNBC Daily Open: The Israel-Iran conflict continues but markets seem unfazed

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CNBC Daily Open: The Israel-Iran conflict continues but markets seem unfazed

Smoke billows from an explosion at the Islamic Republic of Iran Broadcasting (IRIB) building in Tehran on June 16, 2025.

AFP | Getty Images

The U.S. stock market rose and oil prices retreated amid news that Iran wants a ceasefire with Israel. As early as the first days of Israel’s strikes, Tehran reportedly asked several countries to persuade U.S. President Donald Trump to call on Israel for an immediate ceasefire, NBC News reported, citing a Middle East diplomat with knowledge of the situation.

When asked at a news briefing Monday about the prospect of a ceasefire, however, Israeli Prime Minister Benjamin Netanyahu indicated he was not interested in one, according to NBC News. Netanyahu said Israel is “not backing down” from eliminating Iran’s nuclear program.

Regardless of how negotiations — or the lack thereof — play out, it’s clear that countries are placing renewed emphasis on defense. The U.S. Defense Department is turning to artificial intelligence to bolster its forces, announcing on Monday a one-year contract with OpenAI “to address critical national security challenges in both warfighting and enterprise domains.” 

Amid the Monday developments regarding armed conflict and defense considerations, the Trump Organization announced a mobile phone plan called Trump Mobile and a smartphone, clad in gold and emblazoned with an American flag, dubbed “T1.” Putting aside iffy ethical issues about the sitting U.S. president lending his name to consumer products, their unveiling seemed ill-timed and tone deaf. Perhaps the reception over Trump Mobile was spotty.

What you need to know today

Markets recover on hopes of containment
U.S. stocks rose Monday on news that Iran is reportedly seeking a ceasefire with Israel. The S&P 500 was up 0.94%, the Dow Jones Industrial Average climbed 0.75% and the Nasdaq Composite jumped 1.52%. Europe’s Stoxx 600 index added 0.36%. Some analysts, however, are warning that global investors may be underpricing the impact of a conflict between Israel and Iran.

Safe-haven assets dip
In another sign the markets are shrugging off the Israel-Iran conflict — which continued for the fourth consecutive day — both safe-haven assets and oil prices dipped Monday. At the end of the trading day stateside, spot gold prices fell 1.03%, while the dollar index dipped 0.07%. Meanwhile, U.S. crude fell 1.66% to settle at $71.77 and international benchmark Brent lost 1.35% to close at $73.23 a barrel.

‘Golden share’ in U.S. Steel
Shares of U.S. Steel rallied 5.1% Monday after Trump issued an executive order on Friday that allowed the firm and Nippon Steel to finalize their merger so long as they sign a national security agreement with the U.S. government. U.S. Steel said Friday that the agreement, which both companies have signed, includes a golden share for the U.S government, which would give it veto power over many decisions.

OpenAI wins contract from Defense Department
OpenAI has been awarded a $200 million one-year contract to provide the U.S. Defense Department with artificial intelligence tools, the latter announced Monday. It’s the first contract with OpenAI listed on the Department of Defense’s website. In December, OpenAI said it would collaborate with defense technology startup Anduril to deploy advanced AI systems for “national security missions.”

Trump Organization enters telecommunications
The Trump Organization, a company owned by the current U.S. President, on Monday announced a mobile phone plan and a $499 smartphone set to launch in September. The company’s new foray into telecommunications mainly comprises a licensing agreement. On Friday, the president reported that he had made more than $8 million in 2024 from various licensing agreements.

[PRO] What would it take for markets to react?
Equity and energy markets appeared to shake off concerns of a wider conflict in the Middle East on Monday, reversing some of the moves from late last week. Such a response to geopolitical conflict is not unusual, according to one strategist, who explained what it would take for markets to feel the effects of the hostilities.

And finally…

U.S. President Donald Trump raises a fist as he steps off of Air Force One upon arrival at Calgary International Airport, before the start of the G7 summit, in Alberta, Canada, June 15, 2025.

Dave Chidley | Afp | Getty Images

As G7 leaders meet, allies ask: Is Trump with us or against us?

As leaders of the world’s largest advanced economic powers gather in Canada for this year’s Group of Seven summit, ongoing trade instability and turmoil in Ukraine and the Middle East are set to dominate talks.

With uncertainty over those major issues largely arising from the White House’s economic and foreign policy, allies are likely to ask whether Trump stands with them, or against them on major geopolitical points.

Asked if he planned to announce any trade pacts at the summit as he left the White House on Sunday, Trump said: “We have our trade deals. All we have to do is send a letter, ‘This is what you’re going to have to pay.’ But I think we’ll have a few, few new trade deals,” in comments reported by The Associated Press.

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