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Rani Molla

Tesla’s EV market share is still going down

This summer, Tesla lost its US electric vehicle market share majority for the first time. It looks like it may be permanent.

In Q3, Teslas made up 48.2% of all electric vehicle sales, down from 49.7% in Q2, according to recent data from Cox Automotive. That’s despite Tesla sales going up 6.6% last quarter compared to a year earlier, thanks mostly to the Cybertruck. It just wasn’t enough to offset the growth in sales from the competition. Honda for example sold 12,644 EVs last quarter, after not even offering one the year before.

Overall, EV sales were up 11% in the US over last year, reaching records in both volume and market share.

Tesla reports earnings today after market close, where analysts are expecting higher sales than last year but a decline in earnings due to incentives and price cuts.

Overall, EV sales were up 11% in the US over last year, reaching records in both volume and market share.

Tesla reports earnings today after market close, where analysts are expecting higher sales than last year but a decline in earnings due to incentives and price cuts.

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Max Knoblauch

GM climbs following upgrade, report that Trump administration seeks stake in its lithium mine partner

Shares of General Motors rose more than 2% in premarket trading Wednesday following an upgrade of the stock by UBS from “neutral” to “buy.” The firm also hiked its price target for GM by 45% to $81.

Also likely elevating GM was a Reuters report that the Trump administration is exploring taking a 10% stake in Lithium Americas, the automaker’s partner in a yet to open Thacker Pass lithium mine. Shares of Lithium Americas surged 68% in the premarket.

GM, which invested $625 million into the lithium mine last year, holds a 38% stake in the joint venture. The mine is expected to become the Western Hemisphere’s primary lithium source in 2028, when it’s slated to open, producing enough of the metal to make 800,000 electric vehicle batteries.

Prior to its plans for Lithium Americas, the Trump administration last month said it would take a 10% stake in Intel. In July, it announced a 15% stake in rare earths miner MP Materials.

News Reporter 1970s

Jimmy Kimmel’s suspension highlights Nexstar and Sinclair’s vast control over US airwaves

Nexstar and Sinclair control large swaths of US television stations. Nexstar’s planned merger could make their influence even greater.

Max Knoblauch9/18/25
Jon Keegan
9/17/25
Senator Mark Kelly wants AI companies to pay into a fund to offset AI’s negative impacts

The proposal would use money from top frontier AI companies to create an “AI Horizon Fund” to help retrain workers and pay for infrastructure upgrades in a “public / private partnership.”

Senator Mark Kelly
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Max Knoblauch

Delta dips as the Trump administration orders the end of its joint venture with Aeromexico

Shares of Delta Air Lines ticked down on Tuesday morning following the Trump administration’s order that the airline dissolve its approximately 9-year-old joint venture with Aeromexcio by January 1, 2026.

Delta said it was disappointed in the decision, adding that the termination will “cause significant harm to U.S. jobs, communities and consumers traveling between the U.S. and Mexico.” CEO Ed Bastian previously said that the administration’s regulatory stance could be a “breath of fresh air” for the aviation industry.

The Biden administration tentatively decided last year to not renew the antitrust immunity agreement covering the joint venture. At the time, Delta said “$800 million in annual consumer benefits would evaporate” if the partnership were terminated.

Collaboration isn’t over between the two airlines: the Department of Transportation said Delta can maintain its 20% stake in the Mexican airline and the partnership can continue through “arms-length activities such as codesharing, marketing, and frequent flyer cooperation.”

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Max Knoblauch

The DOJ is suing Uber, alleging the company discriminates against passengers with disabilities

The Department of Justice has filed a lawsuit against Uber on Thursday, alleging that the company routinely and illegally discriminates against passengers with physical disabilities.

The lawsuit, filed in federal court in San Francisco, alleges that Uber’s drivers regularly refuse service to passengers with service animals and stowable wheelchairs. Some passengers are charged cleaning fees for service animals and cancellation fees after being refused a ride, the lawsuit alleges. According to the complaint, others are insulted or denied requests like sitting in the front seat due to mobility issues.

“Uber’s discriminatory conduct has caused significant economic, emotional, and physical harm to individuals with disabilities,” the lawsuit reads.

A survey last year by the organization Guide Dogs for the Blind found that more than 83% of people who are blind or visually impaired said they’ve been denied ride-share service.

In a statement to Bloomberg, Uber disagreed with the lawsuit, saying it has a “zero-tolerance policy for confirmed service denials.”

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