EV registrations were up 15% in the US in January. Although Ford and GM’s EV registrations slipped, Rivian (RIVN) and Hyundai saw some of the biggest growth.
Tesla still leads the pack
Electric vehicles accounted for 7.8% of new US light-vehicle registrations in January, up from 7.1% in Jan 2022. That’s also up from 7.7% in 2023.
According to S&P Global Mobility registration data (via Automotive News), the growth was uneven across the competition.
The data is significant as not all automakers release monthly sales numbers. Tesla’s registrations were up 15%, in line with the average, at 48,757. Model 3 registrations were down 23% after losing the $7,500 EV tax credit. Tesla also launched an updated model.
Tesla’s best-selling Model Y had 11,739 registrations in January, up 35% YOY. The Model X (+32%) and Model S (+68%) both had YOY growth. After launching in November, the long-awaited Tesla Cybertruck had 72 registrations.
Rivian and Hyundai were among the leaders in EV registration growth. Rivian’s R1S led the growth while Hyundai’s IONIQ 5 picked up the pace.
2024 Hyundai IONIQ 5 (Source: Hyundai)
Hyundai, Rivian see EV registration growth in January
Meanwhile, Ford and Chevy had fewer registrations than the year before. Mustang Mach-E registrations fell 38% (1,977), while the F-150 Lightning gained 4.5% YOY( 2,956). The F-150 Lightning topped Rivian’s R1T for the best-selling electric pickup title.
Rivian R1T (Source: Rivian)
GM’s Chevy was third with EV 4,353 registrations. After ending production of its best-selling Bolt earlier this year, registrations fell 45% to 4,119. The new Chevy Blazer EV (which is just coming off a stop-sale) and Silverado EV had 234 registrations combined.
Hyundai had a big month with 4,144 EV registrations in Jan, up 79% YOY. The IONIQ 5 had 2,436 registrations (+47% YOY), while the IONIQ 6 had 1,063.
Place
Automaker
EV registrations in January 2024
1
Tesla
48,757
2
Ford
5,429
3
Chevrolet
4,353
4
Hyundai
4,144
5
Rivian
3,818
6
Kia
3,717
7
BMW
3,564
8
Mercedes-Benz
3,341
9
Cadillac
2,145
10
Volkswagen
1,836
EV registrations by automaker January 2024 (Source: S&P Global Mobility/ Automotive News)
With Kia and Genesis included, Hyundai Motor topped Ford and Chevy with 8,262 registrations in January.
EV startup Rivian trended higher, placing fifth, with 3,818 registrations. Despite R1T numbers slipping 44%, the R1S picked up the slack, with registrations quadrupling.
Kia was sixth after EV registrations more than doubled YOY. Its new three-row EV9 is off to a strong start with 1,361 registrations. The EV6 had 1,338, while the Niro EV had 1,018.
Kia EV9 (Source: Kia)
Other automakers, including BMW, Mercedes-Benz, and Cadillac, saw EV registration growth in January. Meanwhile, registrations of Volkswagen sole ID.4 fell 47%.
With many automakers fighting for the same segment in mid-size electric SUVs, several have introduced significant deals to undercut the competition. For example, Hyundai is offering 0% APR on the 2024 IONIQ 5. The offer could amount to up to $7,800 in savings compared to a same-priced Tesla.
2023 Volkswagen ID.4 AWD Pro S (Source: Volkswagen US Media Site)
Volkswagen announced a $13,000 lease deal on the 2023 ID.4 AWD Pro S Plus as it makes room for new models.
Despite strong early demand, Kia is already offering a $5,000 customer cash offer on its first three-row electric SUV, the EV9.
With new models like the Volvo EX30, Fiat 500e, Honda Prologue, Chevy Equinox EV, and others rolling out this year, it will be interesting to see how the rankings turn out over the next few months.
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Tesla (TSLA) released its financial results and shareholders’ letter for the third quarter (Q4) 2025 after market close today.
We are updating this post with all the details from the financial results, shareholders’ letter, and the conference call later tonight. Refresh for the latest information.
Tesla Q3 2025 earnings expectations
As we reported in our Tesla Q3 2025 earnings preview yesterday, the Wall Street consensus for this quarter was $26.457 billion in revenue and earnings of $0.55 per share.
It would represent a record quarter in terms of revenue, thanks to record deliveries due to demand being pulled forward into Q3 in the US, amid the end of the federal tax credit for electric vehicles.
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However, the expectations suggest that Tesla’s earnings are continuing to erode despite the positive temporary circumstances of the third quarter.
How did Tesla do compared to expectations?
Tesla Q3 2025 financial results
After the market closed today, Tesla released its financial results for the first quarter and confirmed that it delivered below expectations with earnings of $0.50per share (non-GAAP), and it exceeded revenue expectations with $28,095 billion during the last quarter.
This is quite disappointing, considering Tesla’s operating income decreased by 40% year-over-year, despite achieving record revenue.
The difference is accounted for by a decrease in gross margin from 19.8% to 18%. In part due to Tesla losing some regulatory credits and lowering prices across most products.
Bulls also can’t explain this by Tesla investing in the future, as capex is significantly down year-over-year.
Nonetheless, the automaker added to its war chest, which now sits at $41.6 billion.
We will be posting our follow-up posts here about the earnings and conference call to expand on the most important points (refresh the page to see the most recent posts):
Here’s Tesla’s Q3 2025 shareholder presentation in full:
Here’s Tesla’s conference call for the Q3 2025 results:
If you are in the US, the next few weeks are likely the last opportunity to secure a solar installation and take advantage of the federal tax credit, which is set to expire.
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Jeep and Ram’s parent company, Stellantis, is pushing back two more electric vehicles that were due out next year. The delay is the latest in a series of delays or plans to cancel what were considered key EVs.
Stellantis delays Alfa Romeo Giulia and Stelvio EVs
Add it to the growing list of electric vehicles that have recently been delayed or cancelled altogether. The current gas-powered Alfa Romeo Giulia and Stelvio will live on for at least another year in the US.
Initial plans called for both to arrive as next-gen variants in 2026, offered exclusively with electric powertrains. Stellantis is now delaying the EV versions for another year and will continue selling the current models until Alfa Romeo is ready to adopt the STLA Large platform.
Stellantis CEO Santo Ficili announced the news during a presentation for the updated Tonale SUV, according to a report from Motor1.
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The Giulia and Stelvio have been on sale in the US for a decade now and are still based on the same Giorgio platform they arrived with.
2025 Alfa Romeo Giulia (Source: Stellantis)
Stellantis is delaying the EV variants to give Alfa Romeo more time to fit the next-gen Giulia and Stelvio on the STLA Large platform with gas engines. Although it’s not confirmed, the replacements will likely use the same twin-turbo inline-six “Hurricane” as the Dodge Charger Sixpack.
The announcement follows Stellantis’ decision to cancel Ram’s first electric pickup, the Ram 1500 REV. Instead, Ram will focus on the range-extended version.
2025 Alfa Romeo Stelvio (Source: Stellantis)
Stellantis also cut the base R/T trim from the Dodge Charger EV lineup and reportedly shelved plans for a range-topping SRT Banshee model.
Ram and Jeep plan to bring back the HEMI engine for the Ram 1500 and Wrangler Rubicon 392, while the 2026 Dodge Durango will be exclusively available with a HEMI.
While Stellantis is shifting plans, at least one EV is still on track. Jeep’s CEO Bob Broderdorf confirmed the Recon EV, its “Wrangler-inspired” electric off-roader, will debut soon with sales starting next Spring.
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Tesla has released its latest Autopilot safety report, and the limitations are still presented misleadingly; however, one clear thing is that the data is worsening.
Tesla notoriously doesn’t release any relevant data to prove the safety of its ADAS systems: Autopilot and Full Self-Driving (Supervised).
The only thing the automaker releases is its quarterly “Autopilot safety reports”, which consist of Tesla releasing the miles driven between crashes for Tesla vehicles with Autopilot features turned on, and comparing that with the miles driven by vehicles with Autopilot technology with the features not turned on, as well as the US average mileage between crashes.
There are three major problems with these reports:
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Methodology is self‑reported. Tesla counts only crashes that trigger an airbag or restraint; minor bumps are excluded, and raw crash counts or VMT are not disclosed.
Road type bias. Autopilot is mainly used on limited‑access highways—already the safest roads—while the federal baseline blends all road classes. Meaning there are more crashes per mile on city streets than highways.
Driver mix & fleet age. Tesla drivers skew newer‑vehicle, higher‑income, and tech‑enthusiast; these demographics typically crash less.
With all these flaws in Tesla’s quarterly Autopilot safety reports, the primary value lies in comparing the miles between crashes with Autopilot features turned on over time.
However, there are reasons to believe Tesla’s data now, as it doesn’t look good for the company.
Here’s Tesla’s latest report for Q3 2025:
In the 3rd quarter, we recorded one crash for every 6.36 million miles driven in which drivers were using Autopilot technology. For drivers who were not using Autopilot technology, we recorded one crash for every 993,000 miles driven. By comparison, the most recent data available from NHTSA and FHWA (from 2023) shows that in the United States there was an automobile crash approximately every 702,000 miles.
It’s now the third quarter in a row where Tesla had a year-over-year decline in mileage between crashes:
The data deteriorated enough that Tesla had to give up its misleading claim that “Autopilot is safer than human by 10x” and now says “9x” instead:
The comment is still misleading for the previously mentioned reasons and should be labeled as “Autopilot + human driver” as it requires driver attention at all times.
There’s no way to know how many accidents human drivers prevented during Autopilot mileage.
Electrek’s Take
Again, I have to emphasize that this report only has value when you compare the Autopilot mileage against itself over time.
It’s also important to compare the same periods year-over-year as accidents are more common during the winter due to people driving more often after dark and in more difficult conditions.
Therefore, the only important thing that this report highlights is that Autopilot is getting worse.
Shouldn’t that be worrying? Shouldn’t Tesla address that instead of falsely claiming it means Autopilot is 10x, 9x safer than humans?
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