Motorsports
Tesla sales dropped 1.1% in 2024, its first annual decline in years
At present, automakers have 75 electric vehicle models for sale in the U.S. Through the first nine months of last year, electric vehicle sales slowed in the U.S., but they are still growing. The Austin, Texas, company sold 495,570 vehicles from October through December, boosting deliveries to 1.79 million for the full year. That was […]


At present, automakers have 75 electric vehicle models for sale in the U.S. Through the first nine months of last year, electric vehicle sales slowed in the U.S., but they are still growing.
The Austin, Texas, company sold 495,570 vehicles from October through December, boosting deliveries to 1.79 million for the full year. That was 1.1% below 2023 sales of 1.81 million as overall demand for electric vehicles in the U.S. and elsewhere slowed.
The fourth-quarter deliveries fell thousands short of Wall Street expectations. Analysts polled by data provider FactSet expected sales of 498,000 vehicles.
Fourth-quarter production of 459,445 vehicles was below total deliveries for the quarter, and full-year production of 1.77 million was less than the year’s sales.
Daniel Ives, a financial analyst at Wedbush, said he thinks the stock should be valued more because of its promise of creating fully self-driving, autonomous vehicles and AI technology, and it is still worth buying despite the sales drop.
Aside from the Cybertruck, which has had limited appeal, Tesla’s newest consumer model is the Y small SUV which first went on sale in 2020.
The fourth-quarter boost came with a cost. Analysts polled by FactSet expected Tesla’s average sales price to fall to just over ,000 in the quarter, the lowest in at least four years.
The year-over-year global sales drop is Tesla’s first since 2011, according to figures from analytics firm Global Data. The company sold 1,306 vehicles in 2010, but that dropped slightly to 1,129 the following year.
DETROIT (AP) — Tesla posted its first annual sales drop in more than a dozen years Thursday, sinking a stock that has soared since Donald Trump’s victory on optimism Elon Musk’s close relationship to the president-elect will help the company.
Also, Musk’s support of Trump for U.S. president also could be turning off some buyers who may be more environmentally conscious and lean toward Democrats, Schuster said. A broader, less costly lineup would appeal to a larger group of buyers, he said. “I suppose the choices that he’s made on the political front don’t line up with a good portion of his buyers’ profile,” Schuster said.
“We have never viewed Tesla simply as a car company…instead we have always viewed Musk and Tesla as a leading disruptive technology global player,” wrote Ives. “And the first part of this grand strategic vision has taken shape.”
“At that point you’re comparable to some Hondas and Fords and GMs,” Goldstein said. “It takes you out of the luxury market to the more affordable vehicle market.”
Musk donated more than 0 million to Trump’s campaign and is a regular guest at Trump’s Mar-a-Lago resort in Florida. Tesla investors have pushed the stock up more than 50% since the election on hopes the new administration will streamline electric vehicle regulations and address other Musk policy priorities.
Competition from legacy and startup automakers is also growing as they try to nibble away at the company’s market share.
Falling sales early in the year led to once-unheard of discounts for the automaker, cutting into its industry leading profit margins.
The fourth-quarter sales, while a record for Tesla, show that the company’s aging model lineup is reaching saturation in the entry level luxury vehicle market, said Morningstar Analyst Seth Goldstein.
Industry experts say that Tesla used to be the only automaker with credible electric vehicles, but now others such as China’s BYD now have more to offer.
Jeff Schuster, vice president of automotive research Global Data, said Tesla faces intense competition worldwide from EV makers in China, the U.S., and elsewhere, many of which are selling EVs to more mainstream buyers. “If they want to continue to see the growth they had, they need to expand to other sizes and price points,” he said.
Tesla’s global vehicle sales rose 2.3% in the final quarter thanks to 0% financing, free charging, and low-priced leases. But that was not enough for billionaire Musk’s most valuable holding to overcome a sluggish start to 2024.
To meet Tesla management’s guidance of 20% to 30% annual sales growth this year, the company will need to come out with a vehicle priced in the mid ,000s to appeal to more mainstream buyers who might be considering gas, electric or hybrid vehicles, Goldstein said.
In 2022, Tesla predicted that its sales would grow 50% most years, but the prediction ran into an aging model lineup and increased competition in China, Europe, and the U.S. In the U.S., analysts say most early adopters of technology already own electric vehicles, and more mainstream buyers have concerns about range, price, and the ability to find charging stations on longer trips.
Tesla’s global electric vehicle sales edged out Chinese rival BYD, which announced Thursday that total soared 41% last year including 1.77 million EVs. The company is vying with Tesla for the world’s top selling EV maker.
Nearly all of Tesla’s sales last quarter came from the smaller and less-expensive Models 3 and Y, with the company selling only 23,640 of its more expensive models that include X and S, as well as the new Cybertruck.
Through September, new EV sales rose 7.2% to about 936,000 in the U.S., according to Motorintelligence.com. That’s slower growth than the 47% increase in 2023. But EV sales this year still are likely to surpass last year’s record of 1.19 million. Most other automakers will report full-year sales on Friday.
Tesla has floated the possibility of a new version of the Model Y that would cost in the mid ,000s that may be smaller inside than the current Y with fewer features, Goldstein said.
That doesn’t bode well for Tesla’s fourth-quarter earnings on Jan. 29 and Tesla’s stock fell more than 7% Thursday.
Motorsports
How hybrids will impact the Indy 500 according to a 2-time champ
In addition to the usual challenge of actually winning the Indy 500, for 2025 drivers and teams must now contend with a new and potentially decisive factor for this year’s edition of the Greatest Spectacle In Racing: the hybrid unit has its formal premiere at the 2.5 mile oval of the Indianapolis Motor Speedway. IndyCar […]

In addition to the usual challenge of actually winning the Indy 500, for 2025 drivers and teams must now contend with a new and potentially decisive factor for this year’s edition of the Greatest Spectacle In Racing: the hybrid unit has its formal premiere at the 2.5 mile oval of the Indianapolis Motor Speedway.
IndyCar introduced its new hybrid drivetrain on July 2024 at the Mid-Ohio Sports Car Course. Since then, it has raced on every type of racetrack, except a superspeedway. This is changing at the Indy 500, where competitors are trying to tame the hybrid unit and understand its effect on qualifying trim and, more importantly, the race on May 25.
While teams have been able to test the hybrid at IMS since last year, and everyone ran it during April’s Open Test, the formal practice for the Indianapolis 500 marks the point at which everything must work perfectly, as the most important race on IndyCar’s schedule approaches.
Added weight
For Josef Newgarden, the two -time reigning Indy 500 champion who strives for the three-peat driving Team Penske Chevrolet #2 car, the most important thing is not what the hybrid itself does, but the added mass to the cars.
“The big reason it’s driving differently is not necessarily the hybrid interacting with the car. It is the weight of the hybrid. That’s where you are getting all the comments”, Newgarden said on Wednesday after practice.
Newgarden commented on how the extra weight of the hybrid system challenges the tires, and forces teams to adjust the weight distribution. This is one of the main issues everyone is trying to solve before the green flag.

Josef Newgarden, Team Penske
Photo by: Penske Entertainment
“Why is the car different? It is just the weight is up. You’re 100, 110 pounds heavier. That’s a lot of mass percentage-wise that you are adding to this car. It’s saturating the tires more. It’s just moving around. The CG changes a little bit. It raises slightly. Your weight distribution is shifted depending on where teams are putting it. That’s what people are trying to figure out right now.”
“You add 100 pounds to this thing, it’s almost like adding 200, 250 pounds to a stock car. If you said, Hey, guys, we’re going to bolt 250 pounds to these stock cars, see what you think, I bet they would all go, Okay, this drives differently, and now we have to counteract it.”
Hybrids will be more important at Indy than any other race
IndyCar has already used the hybrid on road and street courses, as well as on different kinds of ovals at Iowa Speedway, WWT Raceway, and the Milwaukee Mile last year. However, according to Newgarden, the impact it will have on racing will be unlike anything seen at other facilities.
“The hybrid itself and the utilization, I have said this. I do think it’s very important here. It’s more important at this track than anywhere we’ve gone because of the drag level. We’ve not run in a superspeedway configuration yet with this hybrid, so it’s very, very low drag on the cars. Because of that, they’re very power-sensitive.”
“Any time you use something to add power, you feel the magnification of it here more than anywhere else. When you are using the hybrid on the straightaway, it makes a very big difference.”
When to deploy and when to regen

Indycar Hybrid decal
Photo by: Penske Entertainment
The way drivers deploy and regenerate the hybrid during the Indianapolis 500 could also impact the outcome, especially if the race ends in a close finish, as has been seen many times before.
“Where are you are regenerating it and where you are using it, to either pass or defend or for whatever situation, I think there’s repercussions for burning it, and there’s certainly reward for utilizing it correctly,” Newgarden concluded.
Who will master the hybrid for the first time in the Indy 500? The answer will come in less than ten days.
Photos from Indianapolis 500 – Practice 4
In this article
Federico Faturos
IndyCar
Josef Newgarden
Team Penske
Be the first to know and subscribe for real-time news email updates on these topics
Motorsports
NASCAR betting odds for All-Star Race at North Wilkesboro
Daytona Motor Mouths: Kyle Larson wins at Kansas. Next up, Indy 500 The guys start with the Indianapolis 500 and Kyle Larson’s double attempt after his win at Kansas. Then, they discuss the NASCAR All-Star Race. We have ourselves an abbreviated odds board this week. We’re actually lopping off nearly a third of the usual […]


Daytona Motor Mouths: Kyle Larson wins at Kansas. Next up, Indy 500
The guys start with the Indianapolis 500 and Kyle Larson’s double attempt after his win at Kansas. Then, they discuss the NASCAR All-Star Race.
We have ourselves an abbreviated odds board this week. We’re actually lopping off nearly a third of the usual field of entries.
Compared to the 36-to-40 cars starting each race, this year’s All-Star Race will have 23 starters.
Twenty of them are locked in and listed below. The additional three will include the top two finishers in the All-Star Open prelim Sunday and the winner of the fan vote.
The Hard Rock odds below will certainly be tweaked after Friday’s qualifying and Saturday’s heat races.
For now, though, it seems the wagering public is still all-in on Kyle Larson, who’ll be splitting his time this weekend between North Wilkesboro and Brickyard qualifying for the following Sunday’s Indy 500.
Double-dipping Kyle Larson in familiar spot before Indy 500
+550: Kyle Larson
+600: Denny Hamlin, Ryan Blaney, Christopher Bell
+800: William Byron
+850: Joey Logano
+1000: Chase Elliott
Logano won the All-Star Race last year and might again. He has a knack for such things. Hamlin (five) and Larson (four) have the most short-track wins in the Next Gen era, which began in 2022.
Middle slots on North Wilkesboro All-Star Race odds board
+1500: Tyler Reddick
+1750: Josh Berry, Chris Buescher, Chase Briscoe
+2000: Ross Chastain, Alex Bowman
+2500: Kyle Busch
+3000: Brad Keselowski, Austin Cindric
Buescher is one of five drivers with two or more short-track wins since 2022. But he’s finished no better than 14th in his last seven short-track outings.
Should an All-Star Race have long-shots?
+7500: Daniel Suarez
+10000: Austin Dillon
+15000: Ricky Stenhouse Jr.
+25000: Harrison Burton
Automatic All-Star entry goes to drivers who have won a race since the beginning of the previous season, which is how these guys made it in. Dillon, by the way, won at Richmond last year, and while he kept this perk, he had his playoff ticket rescinded due to the overly aggressive nature of his Richmond victory. In a way, he’s playing with house money.
Motorsports
DVIDS – News – DeCA, NASCAR, Commissary, Fort Gregg-Adams, Fort Gregg-Adams News 2025
By Ericka Gillespie Fort Gregg-Adams Public Affairs FORT GREGG-ADAMS, Va. — NASCAR driver Justin Allgaier rolled into the installation on Wednesday to unveil a new patriotic paint scheme on his No. 7 Hellmann’s Chevrolet — this time with a special twist. The event, held at Fort Gregg-Adams Commissary and hosted by DeCA supplier Unilever, […]

By Ericka Gillespie
Fort Gregg-Adams Public Affairs
FORT GREGG-ADAMS, Va. — NASCAR driver Justin Allgaier rolled into the installation on Wednesday to unveil a new patriotic paint scheme on his No. 7 Hellmann’s Chevrolet — this time with a special twist.
The event, held at Fort Gregg-Adams Commissary and hosted by DeCA supplier Unilever, featured a life-size racing car simulator wrapped in the new livery. The scheme proudly sported the Defense Commissary Agency logo, which will also appear on Allgaier’s car during the May 24 race at Charlotte Motor Speedway — just ahead of Memorial Day weekend.
“This partnership with DeCA and Unilever means a lot, especially going into Memorial Day,” Allgaier said. “It’s a way for us to honor the military community and thank them for their service and sacrifice.”
Families and fans gathered for a festive afternoon that included face painting, a balloon animal artist, live DJ music, prize giveaways, and a food station offering free deli sandwiches, chips and drinks.
Allgaier, a veteran driver with more than a dozen career wins in the NASCAR Xfinity Series, will carry the DeCA logo into competition at Charlotte Motor Speedway, where patriotic paint schemes are a Memorial Day tradition.
“This is more than just a paint scheme,” Allgaier said. “It’s about recognizing the men and women who serve — and making sure they know they’re appreciated both on and off the track.”
Date Taken: | 05.16.2025 |
Date Posted: | 05.16.2025 11:33 |
Story ID: | 498188 |
Location: | FORT GREGG-ADAMS, VIRGINIA, US |
Web Views: | 7 |
Downloads: | 0 |
PUBLIC DOMAIN
This work, DeCA, NASCAR, Commissary, Fort Gregg-Adams, Fort Gregg-Adams News 2025, by Ericka Gillespie, identified by DVIDS, must comply with the restrictions shown on https://www.dvidshub.net/about/copyright.
Motorsports
SSR Motorsports Chosen as U.S. Distributor for QJMotor
Image: https://www.abnewswire.com/upload/2025/05/4264d59a86bbb94cf10ba5ef66867f46.jpg SSR Motorsports has taken on the role of distributor for QJMotor products in the U.S. Zhejiang Qianjiang Motorcycle Co., Ltd. (QJMotor) [https://global.qjmotor.com/], the parent company of Benelli Motorcycles, is a global leader in motorcycle design, engineering and manufacturing that produces a comprehensive line of street models. QJ models, which have been available in […]

Image: https://www.abnewswire.com/upload/2025/05/4264d59a86bbb94cf10ba5ef66867f46.jpg
SSR Motorsports has taken on the role of distributor for QJMotor products in the U.S. Zhejiang Qianjiang Motorcycle Co., Ltd. (QJMotor) [https://global.qjmotor.com/], the parent company of Benelli Motorcycles, is a global leader in motorcycle design, engineering and manufacturing that produces a comprehensive line of street models. QJ models, which have been available in the U.S. since the spring, complement SSR’s popular line of on-road motorcycles, off-road motorcycles and side-by-sides.
“QJMotor has models that are right for the U.S. market and hit some key price points and model segments,” said Greg Blackwell, SSR’s vice president of sales and marketing.
The initial QJ lineup features 11 models, from the SRF135 street mini to the mighty SRT750X adventure bike.
Image: https://www.abnewswire.com/upload/2025/05/db53d7b728e94ce9731c5a4749c11556.jpg
QJMotor SRF 135
“Dealers are signing up with SSR to sell QJ because we can supply dealer demand; we have the inventory ready to ship,” Blackwell said. “We’ll also help the dealers promote QJ in their own market. QJ models look great and perform even better.”
SSR is adding new QJ dealerships each week as the network – and product offerings – grow.
Along with its well-known off-road and on-road models, SSR is embracing QJ’s international marketing strategy by focusing on the QJMOTOR brand while still selling Benelli models, with special pricing available.
Image: https://www.abnewswire.com/upload/2025/05/895de2be91f2ad4c50b12e2f7b340747.jpg
QJMotor [https://global.qjmotor.com/] SRT 750X
True to the SSR way, current Benelli riders can count on the company for any necessary warranty work, and SSR continues to stock replacement parts through its national network of SSR dealers.
Media Contact
Company Name: QJMOTOR
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=ssr-motorsports-chosen-as-us-distributor-for-qjmotor]
Address:No. 169 Jimping Rd. Wenling
City: Taizhou city
State: Zhejiang
Country: China
Website: https://global.qjmotor.com/
Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com
This release was published on openPR.
Motorsports
NHRA hosting education day for local students at Toronto Motorsports Park
The National Hot Rod Association (NHRA) Educations Services Day is taking place today. Located at Toronto Motorsports Park, this event is bringing students in from the District School Board of Niagara and showing them more about the world of racing and trades. One of the speakers is Conestoga College teacher Jason Hardie, who explains a […]


The National Hot Rod Association (NHRA) Educations Services Day is taking place today.
Located at Toronto Motorsports Park, this event is bringing students in from the District School Board of Niagara and showing them more about the world of racing and trades.
One of the speakers is Conestoga College teacher Jason Hardie, who explains a bit about what students can expect to see that day.
Hardie teaches Heavy Equipment Repair, and he is always hoping to see more students pass through his class.
He just went to a recent meeting where it was made clear that a focus on the trades is needed.
Hardie says reaching directly to students like this, in a new and exciting way, can go a long way in helping fill this gap.
Students will hear from speakers, speak with professionals, and of course, watch some racing.
The Victoria Day Weekend Spectacular also kicks off on Friday and runs until Sunday, and offers no shortage of attractions for all types of racing lovers. Passes can be purchased for individual days, or as a weekend bundle for Friday, Saturday and Sunday through Toronto Motorsports Park’s website.
(Written by: Matt LeBlanc)
Motorsports
Honolulu Council OKs sponsorship of public facilities
Legislation to allow private sponsorship of city parks and other public facilities in order to garner more revenue for the city was unanimously adopted Wednesday by the Honolulu City Council. Introduced in January by Council member Radiant Cordero, Bill 4 will “create and enhance public-private relationships, including with individuals, corporations, and other organizations, through the […]
-
College Sports2 weeks ago
Duke basketball's Isaiah Evans on 2025 NBA Draft early entry list
-
Fashion2 weeks ago
How to watch Avalanche vs. Stars Game 7 FREE stream today
-
High School Sports1 week ago
Web exclusive
-
Sports1 week ago
Princeton University
-
Sports7 days ago
2025 NCAA softball bracket: Women’s College World Series scores, schedule
-
Motorsports1 week ago
Bowman Gray is the site of NASCAR’S “Advance Auto Parts Night at the Races” this Saturday
-
NIL1 week ago
2025 Big Ten Softball Tournament Bracket: Updated matchups, scores, schedule
-
NIL3 weeks ago
How much money will Quinn Ewers make in NFL? Salary, contract details
-
Motorsports1 week ago
MOTORSPORTS: Three local track set to open this week | Sports
-
Sports3 weeks ago
Italian woman, 91, breaks running record — what makes her body different, according to doctors