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Tesla faces new competition as new electric vehicle manufacturers come onto the scene.
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The automaker’s new vehicle registrations grew 61% in the first half of the year to take the top spot among luxury automakers.
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The California Department of Motor Vehicles has asked for an administrative hearing that could result in penalties.
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Ford Motor stock hit its best month since the Great Recession, advancing nearly 32% since its 127.4% surge in April 2009.
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The EV automaker appears positioned for another growth phase as long as the global economy stays strong, analysts say.
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As automakers report second quarter results, analysts say a market rebound may be on the way.
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BYD sold 638,157 electric or plug-in hybrid passenger vehicles in the first six months of 2022 compared to 564,743 from Tesla.
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Automakers have urged Congress to lift a cap on the $7,500 electric vehicle tax credit.
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State dealer associations in some states have proposed new language in franchise laws to address new concepts in the industry such as over-the-air service updates and vehicle reservations.
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With an improved chip supply, carmakers are at work whittling down order backlogs.
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