Business
Tesla dethroned as the world’s top EV maker
Elon Musk’s Tesla is no longer the top electric vehicle seller in the world as demand at home has cooled while competition heated up abroad.
Tesla lost its pole position after reporting 1.64 million deliveries in 2025, roughly 620,000 fewer than Chinese competitor BYD.
Tesla struggled last year amid increasing competition, waning federal support for electric vehicle adoption and brand damage triggered by Musk’s stint in the White House.
Musk is turning his focus toward robotics and autonomous driving technology in an effort to keep Tesla relevant as its EVs lose popularity.
On Friday, the company reported lower than expected delivery numbers for the fourth quarter of 2025, a decline from the previous quarter and a year-over-year decrease of 16%. Tesla delivered 418,227 vehicles in the fourth quarter and produced 434,358.
According to a company-compiled consensus from analysts posted on Tesla’s website in December, the company was projected to deliver nearly 423,000 vehicles in the fourth quarter.
Tesla’s annual deliveries fell roughly 8% last year from 1.79 million in 2024. Its third-quarter deliveries saw a boost as consumers rushed to buy electric vehicles before a $7,500 tax credit expired at the end of September.
“There are so many contributing factors ranging from the lack of evolution and true innovation of Musk’s product to the loss of the EV credits,” said Karl Brauer, an analyst at iSeeCars.com. “Teslas are just starting to look old. You have a bunch of other options, and they all look newer and fresher.”
BYD is making premium electric vehicles at an affordable price point, Brauer said, but steep tariffs on Chinese EVs have effectively prevented the cars from gaining popularity in the U.S.
Other international automakers like South Korea’s Hyundai and Germany’s Volkswagen have been expanding their EV offerings.
In the third quarter last year, the American automaker Ford sold a record number of electric vehicles, bolstered by its popular Mustang Mach-E SUV and F-150 Lightning pickup truck.
In October, Tesla released long-anticipated lower-cost versions of its Model 3 and Model Y in an attempt to attract new customers.
However, analysts and investors were disappointed by the launch, saying the models, which start at $36,990, aren’t affordable enough to entice a new group of consumers to consider going green.
As evidenced by Tesla’s continuing sales decline, the new Model 3 and Model Y have not been huge wins for the company, Brauer said.
“There’s a core Tesla following who will never choose anything else, but that’s not how you grow,” Brauer said.
Tesla lost a swath of customers last year when Musk joined the Trump administration as the head of the so-called Department of Government Efficiency.
Left-leaning Tesla owners, who were originally attracted to the brand for its environmental benefits, became alienated by Musk’s political activity.
Consumers held protests against the brand and some celebrities made a point of selling their Teslas.
Although Musk left the White House, the company sustained significant and lasting reputation damage, experts said.
Investors, however, remain largely optimistic about Tesla’s future.
Shares are up nearly 40% over the last six months and have risen 16% over the past year.
Brauer said investors are clinging to the hope that Musk’s robotaxi business will take off and the ambitious chief executive will succeed in developing humanoid robots and self-driving cars.
The roll-out of Tesla robotaxis in Austin, Texas, last summer was full of glitches, and experts say Tesla has a long way to go to catch up with the autonomous ride-hailing company Waymo.
Still, the burgeoning robotaxi industry could be extremely lucrative for Tesla if Musk can deliver on his promises.
“Musk has done a good job, increasingly in the past year, of switching the conversation from Tesla sales to AI and robotics,” Brauer said. “I think current stock price largely reflects that.”
Shares were down about 2% on Friday after the company reported earnings.
new video loaded: Ferrari’s Stock Falls After It Unveils Its Latest Car
transcript
transcript
Ferrari’s Stock Falls After It Unveils Its Latest Car
The Italian sports car manufacturer received significant backlash after it unveiled its first electric vehicle, the Luce, earlier this week.
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It doesn’t shout Ferrari. And for a company whose entire history is based on making dynamic-looking, sleek cars, it’s maybe harder for Ferrari to get around than it is for other manufacturers.
By Jamie Leventhal
May 27, 2026
After nearly 50 years of selling all things comics, Dark Horse is closing its Things From Another World retail locations.
The publishing house, well known for series such as “Hellboy” and “The Umbrella Academy,” operated two storefronts in Oregon and maintained a flagship store at L.A.’s Universal Citywalk. The Oregon shops will close in June, and the L.A. location will close in September. The company said in a statement that these closures are a part of its efforts to “modernize.”
“This was not an easy decision, and we do not take lightly the impact it has on the people directly affected,” Dark Horse said in a statement.
As the company moves away from the retail business, the Oregon-based publisher said it plans to focus more on its creators and writers, “ensuring they have the development support, creative partnerships, and resources to bring their visions to life across film and television.” Over the years, Dark Horse has become one of the largest comics publishers in the country.
The company also recently launched a games division focused on providing creators with development opportunities in interactive entertainment.
Dark Horse added, “We believe these changes further focus Dark Horse on its successful core publishing and collectibles business and on deepening our relationship with our fans and the retail community alike.”
The structural changes came a week after Dark Horse Media, which oversees Dark Horse Comics, was rolled into a new parent company, Fellowship Entertainment. The Stockholm-listed entertainment business was formed through a company split at Embracer Group. Under this separation, Fellowship Entertainment is now home to companies such as Dark Horse Media and Crystal Dynamics, as well as IPs such as “The Lord of the Rings” and “Tomb Raider.”
Dark Horse was founded in 1986 by Mike Richardson. He had initially opened Pegasus Books in Bend, Ore., in 1980, with plans to become an author. But as the retail business expanded, he instead decided to get into the publishing industry with Dark Horse. In the first few years of the company, he popularized comic series based on movies such as “Star Wars,” “Aliens” and “Predator.” Today, the company represents over 350 properties across comics, books, films, television, electronic games, toys and collectibles.
The closing of Things From Another World at Universal Citywalk marks the loss of another legacy comic store in the city. In recent years, many storied shops such as Geoffrey’s Comics in Torrance, Earth-2 Comics in Sherman Oaks and Hi De-Ho Comics in Santa Monica have all been forced to close due in part to a struggling retail market.
Ferrari’s first-ever fully electric vehicle triggered some fans who said it looks more like an iPhone than an Italian supercar.
The $640,000 Ferrari Luce, which was unveiled on Wednesday, looks like a distant relative of many Apple products. It was built with the help of Jony Ive, the person who designed the look and feel of the Cupertino company’s iPhone, iPod and Macintosh through 2019.
“Legend has it that if you pull the Ferrari badge off the side of the new Luce you see an Apple logo underneath,” one user wrote on X.
A meme circulated portraying the Luce with iPhone applications photo-shopped onto the top, and another showing the car upside down and plugged into an iPhone charger.
To accommodate more batteries and seats, the new EV is bigger and boxier than most classic Ferraris. Ive’s design firm, LoveFrom, which he started in San-Francisco after leaving Apple, was brought in to try to meld the traditions of Ferrari with the new functionality and form allowed by a battery-powered engine.
In a marketing video, Ferrari’s chief design officer, Flavio Manzoni, said he sees the Luce “acting as a bridge between San Francisco and Maranello,” the northern Italian city where Ferrari is headquartered.
The four-door, five-seat car comes onto the scene at a difficult moment for electric vehicles, an industry that has been battered by President Trump’s policies.
Trump has cut EV incentives for manufacturers and customers, prompting several major automakers to move away from EV efforts and focus on gas-powered options.
A luxury EV effort from Sony and Honda, a high-tech vehicle dubbed Afeela, was shut down before it ever hit the road due to Honda paring back its EV offerings.
Legacy automakers such as Ferrari face a particularly difficult landscape for launching an EV, as die-hard fans are attached to traditional, gas-powered models.
Ferraris are known for roaring engines and bold, angular designs, a far cry from the smooth, rounded exterior of the Luce.
To be sure, aggressive redesigns often attract ridicule. The early electric Mustang models were shunned by some but have become popular.
One X user posted a meme with a photo of fictional Italian gangster Tony Soprano saying, “I don’t want any California bulls—.”
The online launch page for the car emphasizes that the Luce is “100% Ferrari.”
Still, Luca di Montezemolo, Ferrari’s former chairman, told reporters on Tuesday that the automaker is “risking the destruction of a legend.”
Ferrari shares have fallen about 8% since the launch of the Luce, signaling investors’ concerns that the car won’t resonate with customers.
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