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Charged up

Tesla still sells a lot more EVs in the US than anyone else

Tesla’s market share is declining but it’s still the biggest EV maker in the room.

9/16/25 9:53AM

Even as Tesla continues to lose market share to competitors, it’s important to note that it’s still selling a lot more EVs than anyone else. In August, Tesla sold about 55,000 cars in the US — more EVs than the next four top brands combined, new data from Cox Automotive shows.

However, competitors have been making huge jumps.

Tesla’s market share dwindled to 38% of EV sales in August, down from about 80% five years ago. Meanwhile, Chevrolet, Ford, Hyundai, and Honda were responsible for nearly 30% of EV sales in August, up from 15% a month before, according to data from Cox.

Electric vehicles generally saw record sales last month as would-be buyers moved forward purchases to get the $7,500 federal tax credit before it ends on September 30. Tesla is also expected to see record sales this quarter before sales drop off afterward.

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Rani Molla8h

Jon Keegan8h

Report: China’s “Manhattan Project” built an advanced EUV chip fab prototype

The most advanced chipmaking process in the world is currently owned by one company: Dutch chipmaker ASML.

The process, known as extreme ultraviolet lithography (EUV), allows for the smallest, most complex semiconductors to be etched onto silicon chips.

These advanced chips are used in a huge number of crucial industries such as AI, mobile phones, and weapons manufacturing.

A new report from Reuters says that China has completed a factory-sized prototype of an EUV chip fab, a first that could have huge ramifications for the balance of power in the global technology race.

The prototype was built in a high-security facility in Shenzhen by former ASML employees and made use of secondary markets to acquire older, used ASML parts, according to the report. Despite a goal of delivering working chips by 2028, sources say China is likely a couple years behind that schedule.

ASML’s $250 million EUV machines are used to manufacture advanced chips for Nvidia, Advanced Micro Devices, and for chips made by TSMC.

ASML shares were down about 4.8% as of 12 p.m. ET.

Exclusive: How China built its ‘Manhattan Project’ to rival the West in AI chips

These advanced chips are used in a huge number of crucial industries such as AI, mobile phones, and weapons manufacturing.

ASML’s $250 million EUV machines are used to manufacture advanced chips for Nvidia, Advanced Micro Devices, and for chips made by TSMC.

ASML shares were down about 4.8% as of 12 p.m. ET.

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Powerhouse

Inside Oklo’s audacious plan to turn leftover weapons-grade plutonium into a nuclear bridge fuel

“There’s enough energy in nuclear waste to power the country for 150 years, and every year we produce enough for another four years,” the CEO of Oklo told Sherwood News.

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Google is reportedly working with Meta to expand software support for its AI chips

Nvidia dominates the market for AI chips. But its advantage is not limited to hardware.

The company has a growing suite of software tools that are usually paired with its chips, optimized to get the most out of the GPUs crunching the data.

Any challengers to Nvidia’s dominance will need to make it easy for developers to walk away from the Nvidia software-hardware lock-in. That’s what Google and Meta are teaming up to do.

A new report from Reuters says Google is working on an initiative code-named “TorchTPU,” which aims to make it easier for AI developers who use the ubiquitous, open-source PyTorch software framework to switch the hardware layer to Google’s tensor processing units (TPUs).

Meta is a huge backer of the PyTorch project, so the company is teaming up with Google to help develop its TorchTPU software, per the report.

Last month, it was reported that Google is planning on selling TPUs worth “billions of dollars” to Meta, which follows other Big Tech players who are hedging their bets against Nvidia’s dominance.

Exclusive: Google works to erode Nvidia's software advantage with Meta's help

Any challengers to Nvidia’s dominance will need to make it easy for developers to walk away from the Nvidia software-hardware lock-in. That’s what Google and Meta are teaming up to do.

Meta is a huge backer of the PyTorch project, so the company is teaming up with Google to help develop its TorchTPU software, per the report.

$100B

Rani Molla11h

Waymo, Alphabet’s autonomous driving subsidiary, is in talks to raise more than $15 billion in a funding round that would value the company near $100 billion, Bloomberg reports. That’s more than double the valuation from its last round in October 2024, reflecting its lead in driverless ride-hailing.