Connect with us

Published

on

Tesla (TSLA) is about to release its Q2 2025 delivery and production results. Here, we examine what Wall Street expects and what would make sense in reality.

Wall Street has struggled to understand Tesla’s decline in deliveries over the past year.

The analyst consensus for the first quarter was over 450,000 deliveries in January, but that number dropped to 377,000 deliveries by the end of the quarter.

They had to adjust down by 73,000 units, or about $3 billion in sales, over just two months, and they still got it wrong by more than 40,000 units.

Advertisement – scroll for more content

Something similar is happening this quarter.

The Wall Street consensus was for 444,000 deliveries in April, indicating that analysts believed Tesla when it stated that the poor performance in the first quarter was solely due to the Model Y changeover and that it could return to growth or maintain demand, as it had delivered approximately 444,000 vehicles in Q2 2024.

However, that consensus waned throughout the quarter as data confirmed that Tesla is not production-constrained, yet still faces significant demand issues.

The Wall Street consensus for Tesla’s Q2 deliveries is now at 385,000 vehicles.

This represents a 13% decline year-over-year, despite Tesla currently offering record discounts and incentives, including 0% financing on both the Model 3 and Model Y in most markets.

However, it is likely that analysts are again overestimating deliveries.

Electrek’s Take

We have great data in Europe and China, where Tesla is basically down by a few thousand units despite the new Model Y being widely available during the second quarter.

The only primary market with limited data for the second quarter is the US.

The US is likely where the new Model Y had the biggest positive impact, and Tesla will need to perform well there for deliveries to surpass its Q1 2025 results.

The automaker has no chance at annual growth in the second quarter, but based on the best data available, I think it should end between 330,000 and 360,000 units – way below the current analyst consensus.

The lower end of the spectrum would result in a massive 25% drop in annual deliveries, while the higher end would result in a still significant 19% drop.

There’s no other way to cut it: Tesla’s automotive business is in crisis.

The crazy thing is that Wall Street is completely missing this story and only adjusting for the decline throughout the quarter.

At the end of the first quarter, analysts still expected Tesla to avoid a decline in deliveries in 2025, with approximately 1,850,000 vehicles.

The consensus now stands at 1.6 million units, which is still likely too high by 100,000 units, representing billions of dollars in sales.

Furthermore, they predict that Tesla will experience a resurgence in growth in 2026, despite the EV tax credit being eliminated in the US, its least affected market so far.

Tesla has minimal prospects for returning to automotive growth beyond some significant reforms that are nowhere in sight, given Musk’s leadership.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Tesla engineer accuses Elon Musk of betraying Tesla’s mission in exit letter

Published

on

By

Tesla engineer accuses Elon Musk of betraying Tesla’s mission in exit letter

A long-time Tesla engineer announced his departure from the company, citing Elon Musk as the primary reason for quitting. In his public exit letter, he decided to expose the CEO’s betrayal of Tesla’s mission.

Giorgio Balestrieri spent the last 8 years at Tesla.

He spent most of his time as a data analyst in the energy storage division and then as an algorithm engineer working on Autobidder, Tesla’s real-time trading and control platform for energy assets.

During his tenure, Balestrieri helped accelerate the deployment of energy storage from its infancy to its current status as a significant piece of the energy transition puzzle.

Advertisement – scroll for more content

Today, he announced his departure from Tesla.

In an exit letter made public on LinkedIn, Balestrieri thanked his colleagues and congratulated them on all the progress they accomplished together over the years.

In the letter, the engineer was not shy about stating “the main reason” why he was leaving: Elon Musk.

Balestrieri explained that he believes the CEO has failed Tesla’s mission:

All this being said, I do need to address the elephant in the room: the main reason I’m leaving is that I think Elon has dealt huge damage to Tesla’s mission (and to the health of democratic institutions in several countries). Beyond that, Elon’s leadership and decision making seem seriously compromised. Given his huge (and growing, inexplicably) stake in Tesla, I can’t convince myself anymore that this is the right place to be. This is not just about politics: it’s about lying to the public, manipulating public discourse, targeting minorities and supporting climate change deniers and political forces aligned with the oil and gas industry. I think it’s fairly indisputable that the current US administration is slowing down the energy transition. Unfortunately, speed is critical if we are to avert the worst consequences of climate change.

You can read the full letter here.

Electrek’s Take

Good for him. I share the sentiment.

I don’t blame anyone working at Tesla. Like Balestrieri, you can have a meaningful job at Tesla that still contributes to the mission to accelerate the world’s transition to a sustainable economy.

However, it can be frustrating when the CEO takes clear actions against the mission on a large scale, such as funding climate change-denying politicians who are implementing policies that are now slowing the deployment of renewable energy and the electric transport transition.

For many people who joined Tesla for the mission, seemingly like Balestrieri, it can feel counterproductive.

I think it’s clear that it is contributing to the significant talent exodus we have been seeing at Tesla over the last two years.

Musk’s leadership is not what it used to be.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Global EV market surges with 1.7M sales in August, up 25% YTD

Published

on

By

Global EV market surges with 1.7M sales in August, up 25% YTD

Global EV sales climbed again in August 2025, with 1.7 million electric vehicles hitting the road worldwide. That’s a 5% jump compared to July and 15% higher than August 2024, according to new data from Rho Motion.

Battery electric vehicles (BEVs) made up the bulk of sales at 1.16 million units, while plug-in hybrids (PHEVs) accounted for 570,000. In total, 12.5 million EVs have been sold in the first eight months of this year.

Charles Lester, data manager at Rho Motion, explained what’s driving the numbers:

The North American market has reached a record monthly high as consumers in the US accelerate purchases to take advantage of the tax credit before it expires at the end of September. Momentum remains in Europe, underpinned by the emissions legislation, with major automotive countries, Germany and the UK, growing by 45% and 31% YTD, respectively.

Year-over-year growth in the Chinese market slowed in July-August 2025; however, this is compared to a period where subsidies for the auto trade-in scheme increased last year, which spurred EV demand in the country.

Here’s how year-to-date sales stack up against the same period in 2024:

Advertisement – scroll for more content

  • Global: 12.5 million, up 25%
  • China: 7.6 million, up 25%
  • Europe: 2.6 million, up 31%
  • North America: 1.3 million, up 6%
  • Rest of world: 1.0 million, up 44%

Europe is seeing some of the fastest growth. Sales are up 31% year to date, split nearly evenly between BEVs and PHEVs. Germany leads the charge with a 45% jump, while the UK is up 31%. Spain has doubled its EV sales this year, and Italy is up 41%. France is the outlier, with sales down 9% so far in 2025. August sales in the UK dipped 32% compared to July, but that’s a normal seasonal slowdown before a big surge in September tied to new license plate numbers.

On the model front, Ford’s Puma Gen-E and E-Tourneo Courier both qualified for the maximum UK discount of £3,750 ($5,100). Chinese automaker BYD continues its push in Europe, with the Seal U becoming one of the region’s bestselling PHEVs. In September, BYD added another model, the Seal 6 PHEV.

In North America, sales are up 6% so far this year, but August set a new monthly record as US buyers rushed to lock in the federal tax credit before it ends September 30. Analysts expect strong September numbers, followed by a steep drop in Q4. Automakers are already preparing for a pullback: VW will pause ID.4 production in October, and GM is expected to cut EV output once the credit disappears. Canada is struggling, with EV sales down by a third this year after the iZEV rebate was paused. That slump, paired with tough economic conditions, could derail the country’s 2026 EV sales mandate, which Prime Minister Mark Carney has paused while the government deals with US tariff impacts.

China, the world’s largest EV market, grew sales 11% in August compared to July and 6% year over year. Year-to-date sales are still up 25%, but growth has slowed compared to last year, when a boosted auto trade-in subsidy drove demand. BYD, the country’s dominant player, cut its 2025 sales target from 5.5 million units to 4.6 million, with up to a million of those expected to come from overseas markets.

Read more: Global EV sales hit 10.7M in 2025 – Europe surges, US stalls


The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Chevy is the fastest-growing EV brand for a reason: These deals are hard to pass up

Published

on

By

Chevy is the fastest-growing EV brand for a reason: These deals are hard to pass up

The Chevy Equinox EV, or America’s most affordable EV with over 315 miles of range, is now even cheaper this month. Chevy is offering more chances to save this month on the electric Equinox, Blazer, and Silverado with new EV deals rolling out.

Chevy launches new EV deals with the tax credit expiring

After back-to-back record sales months in July and August, GM remained the number two seller of EVs in the US, behind Tesla.

The Chevy Equinox EV, or as GM calls it, “America’s most affordable 315+ mile range EV,” has been a smash hit. GM now expects it to be the third top-selling EV in the US this year, behind the Tesla Model Y and Model 3.

After launching the lower-priced LT trim late last year, starting at just $34,995, the Equinox drove Chevy to become the fastest-growing domestic EV brand in the US.

Advertisement – scroll for more content

As one of the few electric vehicles with a starting price under $35,000, it’s no wonder the Equinox EV is flying off the lot.

With new deals this month ahead of the $7,500 deferal EV tax credit deadline, the Chevy Equinox EV is even more affordable. In fact, all of Chevy’s electric vehicles are currently heavily discounted.

Chevy-Equinox-EV-deals
2025 Chevy Equinox EV LT (Source: GM)

Chevy is offering up to $3,000 customer cash bonus on select 2025 Equinox EV models with leases starting at just $249 per month. The deal is for a 24-month lease with $3,049 due at signing and includes the loyalty or conquest bonus.

Alternatively, Chevy is offering the $7,500 federal EV tax credit plus 0% APR financing for 60 months when financing any 2025 electric vehicle, including the Equinox, Blazer, and Silverado. If you’re a Costco member, you can save an extra $1,250.

2025 Chevy Equinox EV trim Starting Price EPA-estimated Range Monthly lease Price
(September 2025)
LT FWD $34,995 319 miles $249
LT AWD $40,295 307 miles $319
RS FWD $45,790 319 miles $324
RS AWD $49,090 307 miles $367
2025 Chevy Equinox EV prices, range, and lease price September 2025 (Including $1,395 destination fee)

The 2025 Chevy Equinox and Blazer EVs also have a $1,250 purchase allowance for eligible trade-ins, while the 2025 Silverado gets a $250 bonus.

The new 2026 Chevrolet Equinox EV is available with a cash bonus of up to $2,000 or 1.9% APR financing for 36 months.

Chevy-EV-deals
Chevy Blazer EV RS (Source: GM)

If you’re looking for something a little bigger and more powerful, the 2025 Chevy Blazer EV is available with up to $3,500 in bonus cash with leases starting as low as $369 per month. That offer is also a 24-month lease, but with $3,149 due at signing.

For pickup fans, the Chevy Silverado EV is even more impressive than it looks, with up to 493 miles of range, a towing capacity of up to 12,500 lbs, and the ability to hit 0 to 60 mph in under 4.5 seconds.

Chevy-Silverado-EV-deals
2026 Chevy Silverado EV (Source: Chevrolet)

The 2025 Chevrolet Silverado is available with up to $4,000 in bonus cash right now. Chevy is listing the 2025 Silverado EV Crew Cab 4WD LT trim for leases as low as $749 for 24 months with $5,209 due at signing.

Chevy’s electric vehicles are not only some of the most affordable to lease, but they are also the cheapest to insure. According to a recent study from Insurify, the Chevy Blazer and Equinox are the most affordable EVs to insure.

Chevy’s deals are set to end on September 30, when the federal EV tax credit is also set to expire. Despite record sales, GM said it expects a slowdown later this year as the “irrational discounts” come to an end.

Are you looking to grab the savings while they are still available? We can help you get started. You can use our links below to find Chevy Equinox, Blazer, and Silverado EV models in your area.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending