34 percent depreciation after one year and 6,000 miles
Recap: Although the Cybertruck began missing CEO Elon Musk's stated goals as soon as it launched in late 2023, the odd-looking electric pickup truck sold well out of the gate. However, the vehicle's commercial performance has tanked over the last few months. Musk's political activities have soured public opinion on the company and contributed to declining global sales.
The battery tech means to outpace Tesla, BYD, and the rest of the pack
Forward-looking: CATL has announced a series of breakthroughs that could reshape the EV industry, promising batteries that are cheaper, lighter, faster to recharge, and more resilient in extreme temperatures, all while extending driving range. The company, which supplies a third of the world's EV batteries to major automakers including GM and Tesla's Shanghai plant, unveiled these just ahead of the Shanghai Auto Show.