This week has been a rollercoaster ride for the auto industry, with significant developments in the electric vehicle (EV) sector. From plunging EV sales for Ford Motor to a CFO change at Lucid Group, the week was packed with action. Here’s a quick recap of the top stories.
Ford’s EV Sales Take A Hit
Ford’s EV sales took a significant hit in Q2, with a 41% YoY decline. The company sold 9,746 EVs in the U.S., a stark contrast to the 16,438 units sold in Q2 2025. The Mustang Mach-E and the F-150 Lightning EV Pickup truck also saw a decline in sales. Ford’s total sales for the quarter were 522,811 units, a 10% drop from last year.
Lucid Group’s CFO Change
Despite strong Q2 production and delivery numbers, Lucid Group shares took a hit following the departure of CFO Taoufiq Boussaid. Alexander De Bock will be stepping in as the new CFO. Read the full article here.
NHTSA Closes Tesla Probe
The National Highway Traffic Safety Administration (NHTSA) has closed its investigation into 695,000 Tesla Inc. vehicles over an automatic braking issue. The decision came after Tesla released software updates that significantly reduced the number of incidents.
Tesla’s ‘Monster Delivery Number’
Despite reporting a 25% YoY increase in Q2 deliveries, Tesla’s stock fell. The EV maker delivered 480,126 vehicles, surpassing the Street estimate of 406,000. Gene Munster attributed the sell-off to three key reasons.
Toyota’s Mixed May Sales
Toyota Motor had a mixed May, with a 170% surge in EV sales but a 7.2% YoY decline in total sales. The increased demand for EVs and hybrids was attributed to higher gas prices.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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