Tesla (TSLA) has weak fundamentals and strong competition, according to a new HSBC pricing the stock at $130 – less than half its current price.
Wall Street analysts are currently rushing to update their analyses of Tesla before the company reports its Q1 delivery results next week.
Analysts started the quarter believing on average that Tesla would deliver about 464,000 vehicles this quarter – down from Q4 2024, but significantly up year-over-year.
Now, the Wall Street consensus is for Tesla to deliver 398,000 vehicles in the first quarter, but it likely will go down in the coming days as several analysts haven’t updated their estimates since last month.
HSBC analyst Michael Tyndall updated his own estimate today, and he now expects Tesla deliveries to arrive at 385,000 units—though he could see them come down as low as 343,000 units.
He wrote in a note to clients today:
Tesla eschews many of the industry norms (holding list prices firm, making regular facelifts and model renewals) and has to date seen only minimal impact, but tougher competition and brand erosion is likely to see the impact of its strategy hurt more.
Tyndall admits that much of Tesla’s Q1 issues are related to the Model Y changeover, but he thinks that the brand issues and EV competition are on going concerns for the company.
He expects Tesla to downplay the brand issues and use Model Y changeover for the lower Q1 deliveries:
“We suspect the messaging at Q1 will be that the issues are temporary and the future remains bright. We doubt brand issues will be discussed.”
Tyndall has reduced his price target on Tesla from $165 to $130 a share.
Electrek’s Take
Tesla currently trades higher than this time last year when analysts thought Tesla would deliver over 3 million vehicles in 2025.
Now, the consensus is at 1.9 million units, and I would expect it to drop to 1.6 million after the delivery results next week.
On top of delivery volumes, Tesla’s gross margins have consistently been decreasing. It’s now clear that the concept of “millions of robotaxis overnight” is fading away as Tesla pivots to a geo-fenced ride-hailing service with an internal fleet.
Tesla Semi is probably the only program worth being relatively bullish about, but the rest of the company appears to be in shambles. Growth is gone, and gross margins are down.
Now, Tesla shareholders are hoping that tariffs, which are going to make Tesla vehicles more expensive, are going to help the company because they are also going to make other EVs even more expensive.
That goes against logic as history has shown that increasing car prices always reduce car sales.
On top of it, that’s just in the US. Tesla is likely going to face regulatory issues in other markets in retaliation for the Trump tariffs in the US.
Tesla is going to have a tough year.
FTC: We use income earning auto affiliate links.More.
Porsche is launching a new EV battery recycling pilot to recover valuable raw materials from its cars’ high-voltage battery packs at the end of their useful life in vehicles. The new pilot hopes to develop a “closed-loop” raw material cycle that would have new batteries made from old batteries without the need for new, high carbon cost mineral mining.
With this new initiative, Porsche engineers hope to address the growing importance of recycled battery raw materials and promote the responsible handling of high-voltage batteries at the end of life.
In the long term, a recycling network for EV batteries is planned to be established in collaboration with external partners.
Advertisement – scroll for more content
“With the help of innovative recycling processes, we strive to increase our independence from volatile and geopolitically unstable raw material markets,” says Barbara Frenkel, Executive Board Member for Procurement at Porsche. “Circular Economy is a core pillar of our sustainability strategy, and with this pilot project, we want to underscore our ambitions.”
Three phase plan
“Second Life” concept uses EV batteries as backup power; via Porsche.
Porsche is advancing its commitment to sustainability by embracing the principles of, “reduce, reuse, recycle.” The company is developing more efficient electric vehicles with longer-lasting batteries, which are repurposed in “Second Life” Battery Energy Storage Systems (BESS) like the one implemented at its Leipzig plant (above). Now, through a new closed-loop recycling pilot, Porsche is emphasizing that “recycle” part by approaching the project in three phases.
In the first project phase, EV batteries from development vehicles are mechanically shredded at the end of their use-phase and processed into “black mass” that contains valuable raw materials like nickel, cobalt, manganese, and lithium. So far, the program has produced about 65 tons of processed black mass.
In the next phase, the black mass is further separated and refined until the materials reach both the levels of quality and purity Porsche demands from the “virgin” materials it buys for its new batteries.
In the third phase, Porsche takes the raw materials recovered from its decommissioned high-voltage batteries and makes new batteries with them, demonstrating Porsche’s, “holistic understanding of the circular economy.”
Porsche hopes its new pilot will help prepare the company for upcoming regulatory changes – for example, the expected requirements for batteries in the European Union by 2031. By adopting recycled materials early, the company says it intends to make an active contribution to the technology while further reducing its environmental impact.
New 5-passenger G30Es electric golf cart (right); via Yamaha.
Yamaha has announced plans to launch a pair of new five-seater electric golf carts featuring new lithium-ion batteries and vehicle control units developed in-house this June. The launch is scheduled to coincide with the company’s 50 year anniversary in the golf car/golf cart business.
Yamaha Motor launched its first golf cart, the YG292 “Land Car,” in June 1975. That original golf cart was powered by the company’s air-cooled, 292cc 2-stroke snowmobile engine, while its fiber-reinforced plastic (FRP) composite bodywork was developed using the companies maritime and boat-building expertise.
The in-house developed batteries use lithium iron phosphate (LFP) chemistry in their cells, with the company claiming higher levels of reliability and an extended lifespan compared to other battery chemistries it’s worked with. The Yamaha batteries are available in both 4 kWh and 6 kWh capacities, enabling buyers to tailor their choice based on their individual driving range requirements, course conditions, and individual play/mobility preferences.
Both new models are 144.5″ (367 cm) long and 49.5″ (125 cm) wide, with an 84.25″ (214 cm) wheelbase, and are powered by an AC motor with, “superior speed and torque control, combined with optimized regenerative braking and a brushless design,” that, according to Yamaha, give the brand’s new golf carts far greater efficiency than the company’s previous models, resulting in 30% better efficiency.
You can check out more detailed pictures of the Yamaha-developed parts and full specs, below, then let us know what you think of the tuning fork brand’s newest mobility products in the comments.
Before you rush to comments and start accusing me of fear-mongering, I fully understand that the tariffs won’t have any real impact on the cost of vehicles currently on dealer lots. Those cars and trucks were imported long ago, pre-tariffs, and any newly imposed import tariffs won’t be retroactively applied (not yet, anyway).
I also fully understand that dealers’ gon’ deal, and I’ve already seen both Chicago-area ads from dealers hawking “pre-tariff deals” on new cars and at least a handful of social media posts about the cars at Manheim (one of the industry’s largest used car auction houses) getting blanket price increases in the wake of Trump’s announcement.
So, while we’ve already done a list of what EVs are built where, I’ve taken the next logical step and put together a list of which EV deals are most likely to disappear once the tariffs hit.
Advertisement – scroll for more content
I’ve done a couple of these now, so you probably already know that there were plenty of ways for me to present this information. “Best EVs ..?” Too opinion based. “Cheapest EVs ..?” Too much research. In the end, I went with alphabetical order, by make. And, as for which deals are new this month? You’re just gonna have to read the article. Enjoy!
Audi e-tron EVs
2025 Audi Q6 e-tron; via Audi.
Almost all of Audi’s e-tron EVs, from the Q4 all the way up to the stunning RS e-Tron GT Quattro are made in Germany – and have some kind of promotional offer, from Costco cash, to 0.99% subsidized financing to $12,500 in customer bonus cash when you purchase or lease a select, new 2024 Audi RS e-Tron GT Quattro.
If that appeals to you, you’ll want to snatch up one of these BMW’s before the tariffs jack up their already high price tags.
Jeep Wagoneer S
Jeep Wagoneer S; via Stellantis.
The original inspiration for this article, the Jeep Wagoneer S seems like an automotive Harmonia – the daughter of Ares (Aries) and Aphrodite whose lineage was cursed by Hephaestus, who was himself enraged by Aphrodite’s infidelity with Ares. Similarly, the Wagoneer S was born out of Stellantis’ misguided attempt to spin an upscale “Wagoneer” sub-brand, Hyundai Genesis-style, out of its Jeep brand. And, like Harmonia, the Wagoneer S had no chance.
The battery-powered Jeep is manufactured entirely in Mexico at Stellantis’ Toluca Assembly Plant, making it subject to the 25% tariff starting April 2nd. But if you buy one before EOD on March 31st, Jeep is offering Wagoneer S models with 0% financing for up to 72 months along with up to $3,000 Bonus Cash Allowance.
Polestar 2
2025 Polestar 2 (RWD); via Polestar.
Designed in Sweden and manufactured at a factory in Luqiao, China that’s owned by Volvo parent company Zhejiang Geely Holding Group before being imported into the US and marketed as a direct competitor to Tesla, if there was ever an EV that was in the crosshairs of a Musk-led Trump Administration, it would be Polestar.
Despite having a US battery plant that appears to be sitting pretty, Toyota’s bZ4X (along with its Subaru-badged sibling, the Soltera) is manufactured in Japan and imported into the US, which means this five-passenger EV will definitely get slapped around by Trump’s tariffs.
Even so, the bZ4X EV might be the best deal in Toyota’s current lineup with big discounts on both 2024 and 2025 model year bZ4X crossovers happening now.
Disclaimer: the deals described above were sourced from CarsDirect, CarEdge, USA Today, and (where mentioned) the OEM websites – and were current as of 30MAR2025. These deals may not be available in every market, with every discount, or for every buyer (the standard “with approved credit” fine print should be considered implied). Check with your local dealer(s) for more information.
FTC: We use income earning auto affiliate links.More.