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Elon Musk says he wants to stay CEO of Tesla for at least the next five years and have more controlling shares in the company.

This will most likely seal Tesla’s fate with Musk’s, as shareholders will likely approve of this despite his toxicity and lies.

As I wrote in my recent article, ‘The Tesla (TSLA) dilemma,’ the company is done if it stays attached to Elon Musk’s toxicity, but the stock will undoubtedly crash if he leaves, as the current valuation is purely based on shareholders believing in his stock-pumping claims about self-driving cars and robots.

Musk created the current situation at Tesla, which he pushed to go all-in on autonomy despite his being wrong about Tesla solving autonomy for years. In the meantime, Tesla has released a single new vehicle over the last five years, the Cybertruck, and it’s a flop.

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His backing of divisive politics, rapprochement with Russia, and constant promotion of proven misinformation on social media have resulted in Musk being despised by the majority of the population, especially Tesla’s customer base.

The toxicity of Musk’s brand has leaked to Tesla and the company has been in a clear decline. Tesla’s vehicle sales were down for the first time in 2024 and the decline is accelerating in 2025.

Tesla’s sales were down by about 50,000 units in the first quarter of 2025, and they are tracking similarly in the second quarter.

Today, at the Qatar Economic Forum hosted by Bloomberg, Musk denied the situation entirely.

He said (via AP):

When questioned about Tesla’s weakening sales in the first quarter and April sales thus far in Europe, Musk said the business has “already turned around,” adding that “Europe is our weakest market” and that Tesla was “strong everywhere else.”

This is a lie.

Tesla’s sales in China in Q2 2025 are tracking about 10,000 units below the same period in 2024, despite record incentives and the new Model Y being in volume production.

In the US, data is more opaque, but Tesla is estimated to be down in the market despite offering more discounts than ever.

Europe is indeed Tesla’s weakest market, but there’s no sign that it has “already turned around” as Musk claims.

Despite having the new Model Y available in Q2, sales are way down compared to last year, and it is tracking similarly to Q1 2025, which was a disaster and Tesla blamed it on the Model Y changeover:

It won’t be able to blame the Model Y in Q2 and will need another explanation for the poor sales performance in Europe. Tesla is also offering 0% financing at a high cost in most European markets to counter this clear decline in demand.

Instead of this hard data, Musk backed his lies by claiming that Tesla’s current high stock price proves that the business is good:

Musk said the market is the ultimate scorecard for Tesla’s state of business. “[Tesla] stock wouldn’t be trading near all-time highs” if the business was struggling, he said. While Tesla stock has recovered this year, it still down 13% year to date and off 30% from its all-time high.

The stock price is only up because more people are buying shares than selling them, and they could be buying them for many reasons that have nothing to do with Tesla’s business doing well.

Musk himself has previously said that Tesla’s stock is “worth nothing” if the company can’t solve autonomy, which attached a lot of Tesla’s valuation to autonomous driving. Many Tesla investors are simply holding on to Musk’s claims that Tesla is on the verge of solving autonomy – despite him saying it would happen by the end of every year since 2019.

The CEO was then asked if he was committed to staying as head of Tesla for the next five years, to which he answered ‘yes’.

But he said that he would need more shares in Tesla.

Musk claimed that it wasn’t about money but control over the company:

“I can’t be sitting there and wondering if I’m going to be tossed out. “Now let’s move on.”

Tesla shareholders are currently suing the CEO over threatening them not to build AI products at Tesla if he doesn’t get more control, through shares, in the company.

Electrek’s Take

Blatant lies. We have the data. We know Tesla’s sales are down in virtually all markets. To counter the declining demand, Tesla is offering record discounts and incentives in most markets.

We know Tesla doesn’t do that with strong demand. The automaker is currently throttling down production and offering discounts. Does that sound like the demand is good? No.

I say that he is sealing Tesla’s fate by saying that he will remain CEO because Tesla shareholders will most likely approve of this. They know the stock price will tumble without his “corporate puffery.” They are OK with letting Tesla’s EV business melt just for the hope that he might finally be right about autonomy and Tesla might see light at the end of the tunnel and justify its $1 trillion valuation.

That’s a fallacy.

Elon and Tesla were wrong about unsupervised autonomy working on HW2.5. They were wrong about it working on HW3.0. And they were more likely than not wrong about it working on HW4.

They have made some impressive progress, and they might eventually make it work at scale on HW5 in the next few years. However, by then, there will be plenty of competition, and Tesla is already behind competitors like Waymo, which is already available in several markets and provides hundreds of thousands of paid rides every week.

In addition to the competition, Tesla will also have a giant liability for promising unsupervised self-driving on millions of vehicles produced since 2016 and not being able to deliver on this promise.

All of that while its core EV business is declining.

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Xpeng launches G7, a new Tesla Model Y competitor for just $27,000

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Xpeng launches G7, a new Tesla Model Y competitor for just ,000

Xpeng has officially launched its new G7 electric SUV in China, entering the fiercely competitive electric crossover market with a starting price of just 195,800 yuan ($27,325 USD). The G7 is positioned squarely to compete with the Tesla Model Y and the newly unveiled Xiaomi YU7.

It is priced significantly more aggressively than the YU7, which shook up the industry just last week.

The G7, Xpeng’s seventh model, offers an attractive balance of performance, technology, and value, with an emphasis on the latter.

Like Lei Jun with the launch of the YU7 last week, He Xiaopeng was not shy about positioning the G7 against the best-selling Tesla Model Y.

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He compared the specs and pricing with the leading premium crossover. Like Jun, he brought up Tesla’s comparison challenge against the new Model Y:

The G7 is powered by a single rear-wheel-drive electric motor producing 292 horsepower (218 kW), it achieves a 0-100 km/h acceleration in 6.5 seconds. Impressively, the G7 can cover between 602 km and 702 km (374-436 miles) based on China’s generous CLTC standard, depending on the battery option and wheel size.

Two battery options are available, both using lithium iron phosphate (LFP) technology: a 68.5 kWh and a larger 80.8 kWh pack. With Xpeng’s advanced 5C charging technology, drivers can recharge up to 436 km (271 miles) of range in just 10 minutes.

Additionally, the G7 supports Vehicle-to-Load (V2L) functionality, providing up to 6 kW of external power, like the YU7 announced last week.

On the design front, the Xpeng G7 adopts the company’s second-generation “X Face” styling, featuring sleek running lights connected by a continuous LED strip, a closed front end for aerodynamic efficiency, and a distinctive “Star Ring” rear taillight design. Xpeng emphasizes the vehicle’s aerodynamics with a drag coefficient of just 0.238 Cd, slightly higher than the Model Y’s 0.230 Cd.

Inside, the G7 embraces minimalism, replacing conventional buttons with a large 15.6-inch central touchscreen powered by Qualcomm’s Snapdragon 8295 chipset. A standout interior feature is the expansive 87-inch augmented reality head-up display (AR-HUD), developed in collaboration with Huawei, that significantly enhances navigation and driving assistance.

Practicality is emphasized with ample cargo space: an 819-liter trunk that expands to 2,277 liters with the seats folded, plus an additional 120-liter compartment beneath the trunk floor and a modest 42-liter front trunk (frunk).

Xpeng is touting an adaptive AI-driven suspension system that actively adjusts to road conditions within milliseconds, allegedly surpassing comfort benchmarks set by the Mercedes-Benz GLE and Tesla Model Y. Cabin quietness also ranks high on Xpeng’s list of priorities.

Luxury and convenience features include dual 50W wireless phone chargers, a 20-speaker premium audio system, and a panoramic sunroof. Passengers in the second row enjoy premium touches like an 8-inch control screen, individual climate settings, a foldable table, and wireless charging.

The top-tier “Ultra” variant employs two proprietary Turing AI chips capable of delivering a massive 2,250 TOPS of computing power, enabling advanced Level 3 autonomous driving capabilities set to become active via an OTA update by December 2025, pending regulatory approval. Standard versions use dual Nvidia Orin-X chips with 508 TOPS.

The Xpeng G7 starts at 195,800 yuan ($27,325 USD) for the base “Max” variant with 602 km of range, stepping up to 205,800 yuan ($28,720 USD) for the longer-range “Max” (702 km) and topping out at 225,800 yuan ($31,510 USD) for the high-end “Ultra” trim.

Customers ordering the G7 Ultra before July 31 will receive complimentary upgrades including Nappa leather and power door handles.

G7 quickly demonstrated its popularity by securing 10,000 pre-orders in just 46 minutes.

Electrek’s Take

It’s not 200,000 orders within 3 minutes like the YU7, but Xpeng doesn’t have the brand power that Xiaomi has.

Nonetheless, it is pretty impressive.

The price is insane. The specs are competitive with the Model Y, which starts at 263,500 yuan and ranges up to 313,500 yuan ($36,770 – 43,750 USD), but the price starts at about $10,000 USD less.

Between this, the YU7 last week, and a few more models launching this month, the premium crossover segment is about to get crowded in China.

I think the Model Y is in serious trouble in China. We are about to see how it fares with real competition.

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Tesla Optimus is in shambles as head of program exits, production delayed

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Tesla Optimus is in shambles as head of program exits, production delayed

Tesla’s humanoid robot program, Optimus, is reportedly in disarray amid the departure of the senior vice president in charge, Milan Kovac.

Production has been delayed due to a new redesign, as the robot has yet to prove useful in Tesla’s factories.

Elon Musk has previously set a goal for Tesla to produce 5,000 to 10,000 Optimus humanoid robots this year.

The goal has reportedly been delayed as sources within the Chinese supply chain report Tesla informed suppliers of a 2-month halt on orders.

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AI Invest first reported the news, and The Information later corroborated the report:

Two supplier sources said Tesla has not explicitly stated it will reduce robot parts orders but will wait until the Optimus design adjustments are completed before finalizing a new mass production plan and resuming procurement. The adjustments may take two months. Musk recently stated on social media that the new version of Optimus has seen significant improvements over the second-generation Optimus unveiled in 2023 and now includes voice interaction powered by Grok.

The news came after we learned that Milan Kovac, the head of the Optimus program left Tesla last month, just months after being promoted to senior vice-president by Musk.

The new reports confirm that Ashok Elluswamy, who was elevated to senior vice-president in charge of self-driving at the same time as Kovac, is taking over responsabilities.

AI Invest reported some concerns from Tesla about Optimus that reportedly trickled down to Chinese suppliers:

According to Tesla’s feedback to suppliers, Optimus still faces hardware challenges, including overheating in some joint motors, low load capacity in dexterous hands, short lifespan of transmission components, and limited battery life. Tesla is currently evaluating samples from multiple dexterous hand suppliers, testing at least three different technical approaches. On the software side, Tesla may use more synthetic data to train the robot model, improving Optimus’ autonomous operation capabilities and success rate in performing complex tasks.

According to the report, Tesla had secured parts to build over 1,000 Optimus robots earlier this year and built quite a few, but they are currently only used “for moving batteries in Tesla’s battery workshops, with efficiency less than half that of human workers.”

The redesign is expected to delay plans by at least two months and could push many of Tesla’s goals.

However, Tesla is expected to still move ahead with the prgroam and it is likely to unveil the new generation of Optimus robots at its shareholders meeting this year.

Electrek’s Take

As I previously stated, I’m actually quite hyped for humanoid robots, but I don’t think they will be nearly as big as Musk claims and I simply don’t see Tesla having a significant advantage over the competition, which is significant.

Companies like Unitree are already selling robots, Figure has made impressive progress and poached from Tesla, then there’s Boston Dynamics and dozens more.

Kovac leaving just as Tesla is supposed to ramp-up production to 50,000 units next and make this a “multi-trillion-dollar” product is a red flag.The engineer would have certainly received sweet stock option packages when he was elevated to SVP and would have likely made a fortune if he would have been able to deliver on Musk’s goals.

But I think the real product at Tesla now is the stock – hence why they reportedly plan to unveil the next generation of the robot at the shareholders meeting and have it do another shady demostration, like it did at the ‘We, Robot’ event where the robots were remotely controlled by humans.

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Honda’s new electric two-wheeler doubles the power and range

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Honda's new electric two-wheeler doubles the power and range

Honda is stepping up its electric scooter game with the launch of its second electric model for Europe, the CUV e:. Following Honda’s previous debut of the EM1 e:, a compact, city-focused moped, the CUV e: brings more power, more range, and more real-world usability to riders who want a practical electric alternative to a 125cc scooter.

Now finally ready for the spotlight, the CUV e: is built on an underbone-style frame and powered by a 6 kW side-mounted electric motor producing 22 Nm of torque. That puts it squarely in the 125cc-equivalent category, allowing it to reach a top speed of 83 km/h (52 mph).

It’s not built for the highway, but rather for urban and suburban riders who want to achieve speeds seen on the fastest of urban roads and keep up with just about any traffic in the city. For that role, it looks like a solid performer – more than capable of keeping up with city traffic or carrying a second passenger.

One of the most useful features, especially for urban residents and apartment dwellers, is its use of Honda’s Mobile Power Pack e: swappable battery system. The scooter carries two of these Gogoro-style removable battery units, each rated at 50 V and 1.3 kWh. Combined, they offer over 70 km (43 miles) of WMTC-rated range. Compared to the Honda EM1 e:’s single Mobile Power Pack battery, the dual batteries of the CUV e: give Honda the chance to pull twice as much power or offer twice the range.

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Honda’s swappable battery standard is designed for portability and long life, with each pack weighing around 10 kg (22 lb) and rated for 2,500 full charge cycles. Honda has been slowly building a swappable battery ecosystem, and the CUV e: is clearly meant to be part of that larger infrastructure play.

Charging of the batteries is designed to be done easily off-board, either at home or at a battery station (where available). A full charge from 0 to 100% takes about six hours per pack, but Honda says 75% can be reached in just three hours. While fast charging would be nice, the swappable format means riders can keep an extra pair charged and ready if necessary, eliminating downtime altogether.

Honda didn’t skimp on features, either. The CUV e: offers three ride modes (Sport, Standard, and Econ), plus Reverse Assist for easier maneuvering. It includes a fairly spacious flat floorboard, under-seat storage, LED lighting, a USB-C port, and keyless ignition. Buyers can choose between a five-inch color TFT display or an upgraded seven-inch “RoadSync Duo” screen, which supports turn-by-turn navigation, music control, Bluetooth phone integration, and EV-specific ride data.

Positioned as a mid-range electric scooter, the CUV e: fills the space between low-speed mopeds and larger, premium e-motorcycles. It’s a key piece in Honda’s broader electrification strategy, which aims to introduce 10 or more electric motorcycle models globally by 2025 and reach full carbon neutrality in its motorcycle division by the 2040s.

With anticipated pricing starting at around €4,000 (approximately US $4,300), the CUV e: is expected to roll out in Europe first, with other global markets potentially following. Its combination of practical range, moderate speed, high build quality, and swappable batteries could make it an appealing option in cities where electric two-wheelers are on the rise.

If the EM1 e: was Honda dipping a toe into the electric waters, the CUV e: feels like a confident step forward. It’s not flashy, but it’s functional, well-designed, and undeniably useful, which is exactly the kind of machine that could help electric scooters go mainstream.

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