

News
Tesla Cybertruck is US’ 3rd best-selling EV in Q3, behind Model 3 and Model Y
Cox Automotive data has revealed that the Tesla Cybertruck was the United States’ third best-selling electric vehicle in the third quarter of 2024. The all-electric pickup truck was just behind its two stablemates, the Model Y crossover and Model 3 sedan, which were the U.S.’ best and second-best-selling EVs in Q3 2024, respectively.
As could be seen in Kelley Blue Book’s Electric Vehicle Sales Report Q3 2024, Tesla remains the undisputed king of EVs in the United States, with 166,923 vehicles sold in the third quarter. Year-to-date, Tesla has sold 471,374 vehicles in the United States, accounting for 49.8% of the country’s electric vehicle sector.
Arguably the most surprising EV in Kelly Blue Book’s report was the Cybertruck, which sold 16,692 units in Q3 2024 and 28,250 year-to-date. These results make the Cybertruck the third best-selling EV in the United States in Q3 2024. It also makes the Cybertruck quite dominant in the battery electric pickup truck segment.
NEWS: Tesla's Cybertruck was the third best-selling EV in the U.S. in Q3 2024, overtaking the Ford Mustang Mach-E. The Cybertruck also sold more than 2.3x more units than the Ford F-150 Lightning, according to Cox Automotive data.
The Model Y and Model 3 were #1 and #2. pic.twitter.com/wewqp0iKjY— Sawyer Merritt (@SawyerMerritt) October 14, 2024
For context, the Ford F-150 Lightning, Rivian R1T, and Chevrolet Silverado EV sold 7,162, 3,817, and 1,995 units in the third quarter, respectively. This means that the Cybertruck, with its sales of 16,692 units in Q3, outsold its three biggest rivals combined during the quarter. That’s not bad at all for a vehicle that is constantly criticized and mocked in the news and social media.
The U.S.’ EV segment is completely dominated by the Model Y crossover, which sold 86,801 units in Q3 2024. Year-to-date, the Model Y’s U.S. sales were tracked at 284,831 units, which means that the all-electric crossover accounts for 30.1% of the United States’ electric vehicle sector on its own. This is especially impressive considering that some buyers may be waiting for a potential update to the Model Y, similar to the Model 3’s “Highland” update.
Following the Model Y was the Tesla Model 3 sedan, which sold 58,423 units in the third quarter. Year-to-date, a total of 131,975 Model 3 sedans were sold in the United States. While this number is notably lower than the Model Y’s sales, it does highlight the the momentum of the reengineered Model 3, which has received rave reviews from professionals and consumers alike. It should also be noted that the Model 3 is only produced in the Fremont Factory and Giga Shanghai, unlike the Model Y, which is produced in the Fremont Factory, Giga Shanghai, Gigafactory Texas, and Gigafactory Berlin.
Kelley Blue Book’s Electric Vehicle Sales Report Q3 2024 can be viewed below.
Kelley Blue Book EV Sales Report Q3 2024 Revised 10-14-24 by Simon Alvarez on Scribd
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News
Hyundai begins real-world testing of AI-powered EV charging robot

Hyundai announced on Thursday that it has officially launched real-world testing of its AI-powered EV charging robot, which it is referring to as the ACR.
The Korean company is partnering with both Kia and Incheon International Airport for the testing phase, which was launched with a memorandum of understanding (MOU). The pilot program is going to be used to lay the groundwork for future robot use for EV charging.
Incheon already has a reputation that aligns with the pilot program as it has the largest eco-friendly vehicle infrastructure in Korea, according to Korea JoongAng Daily, which first reported the launch of the pilot program.
Hyundai is partnering with Kia’s Robotics Lab to provide hardware and software solutions for this early rollout.
Yan Hee-won, President of Hyundai Motor’s R&D Division, said:
“This marks an important turning point in validating the practical value of future mobility technologies. With customized automatic charging solutions, we aim to deliver a more convenient and enhanced mobility experience for users.”
The testing phase will be limited in the sense that the charging robot will be deployed for a fleet of eco-friendly airport vehicles. Those who park their EVs at the airport will not be able to use it for use while they’re traveling — at least at first.
Eventually, it will become a great way to give vehicles range while the owners are off on trips.
Tesla had a similar idea several years ago, which it shared viral videos of back in 2015.
Tesla “snake charger” wasn’t just a creepy one-off, suggests Elon Musk
Musk said in 2020 that Tesla still had the intention of making it. However, it has shifted to wireless induction charging, which seems to be a better option simply because of fewer moving parts and better compatibility with the upcoming Robotaxi fleet.
Tesla flexes Robotaxi wireless charging — autonomy from top to bottom
Tesla displayed its wireless charging idea at the “We, Robot” event last year:
Robotaxi wireless charging
No hands required pic.twitter.com/XL746DkGhb
— Tesla (@Tesla) October 18, 2024
Elon Musk
How Tesla could benefit from the ‘Big Beautiful Bill’ that axes EV subsidies
Tesla has a few paths to limit damage from the elimination of tax credits.

The United States House of Representatives passed President Trump’s “Big Beautiful Bill” by a vote of 215 to 214 on Thursday, effectively bringing an end to many EV subsidy programs, like the $7,500 tax credit, by the end of this year.
The bill will not only eliminate the $7,500 credit on new EV purchases, but also the $4,000 credit given on the purchase of used electric vehicles, and a $1,000 credit on the installation of Level 2 chargers. It will also impact solar subsidies that help generate clean energy in a residential setting.
EVs would also be subject to a $250 road use fee.
🚨 The “Big Beautiful Bill” has been passed in the House, meaning:
1) The EV tax credit is in serious jeopardy. It will likely be eliminated for 2026.
2) EVs will likely have a $250 road use fee
3) $1,000 Level 2 charger credit will also be eliminated pic.twitter.com/Aad41say43— TESLARATI (@Teslarati) May 22, 2025
All of these things sound like negatives — truly because they are. Those who are not in a financial position to buy an EV this year, even with the tax credit, might not be able to afford them in the coming years either, unless manufacturers are able to bring pricing to a level that is more accessible to consumers.
In theory, President Trump’s focus on bringing manufacturing back to America would bring prices down, but it won’t happen overnight. Companies will take many years to completely bring manufacturing and part sourcing to the United States.
However, Tesla could feel some positives from this bill, and it all comes down to timing. Of course, in the long term, it wouldn’t be great for the company, especially if it did not have two things going on right now: a slightly lagging delivery pace and the introduction of affordable models.
Tax Credit Sunsetting Advantage
Sunsetting the $7,500 tax credit means one thing: those who have been in limbo over buying an EV from Tesla are going to have to make a decision on whether they want to buy this year and still have access to the credit, or test their luck and hope for price reductions.
More than likely, those who have been on the fence will be willing to pull the trigger this year, and Tesla will definitely gain some sales from this fact alone. Other automakers will, too.
This could help offset Tesla’s slow start to the year, which has been caused by the changeover of production lines of the Model Y across each of its factories globally.
Affordable Models
Tesla said earlier this year that it will roll out affordable models in the first half of 2025. These cars are expected to be around the $30,000 mark, but the company has not shed any true information on what they will cost.
Potential affordable Tesla “Model 2/Model Q” test car spotted anew in Giga Texas
Ideally, the cars would cost under $30,000 without the EV tax credit, which would be more than accessible for many car buyers in the United States.
The introduction of models that are not in need of a tax credit to be affordable to the masses. This would help offset some of the losses Tesla might feel from cars losing the tax credit.
Investor's Corner
X clarifies xAI prediction market rumors, hints at future plans
Musk’s AI firm denied rumors of a Kalshi deal but left the door open. Prediction markets + AI could change how we forecast everything.

X dismissed rumors of xAI entering prediction market partnerships. In a recent X post, Elon Musk’s company clarified that xAI had not yet entered formal partnerships in the prediction market.
However, xAI clarification hinted at future exploration in the prediction market, aligning with X’s goal to become an “everything app.” The speculation underscores AI’s potential to reshape predictive analytics.
“Recent speculation about xAI’s involvement in the prediction market space has been circulating. While we’re enthusiastic about the potential of this industry and engaged in various discussions, no formal partnerships have been confirmed to date. Stay tuned!” noted the X team.
X’s statement followed a Tuesday post by Kalshi, hinting at a collaboration with xAI, which was deleted hours later. Kalshi suggested that xAI could leverage AI to analyze X’s news and social media data, enhancing betting decisions on political and economic events.
Bloomberg reported Kalshi aims to use xAI for tailored insights, enabling users to wager on outcomes like Federal Reserve rate changes or elections through derivative contracts.
“There’s deep alignment between prediction markets, social media, and AI. Prediction markets capture what people know — AI scales what people can know,” said Kalshi CEO Tarek Mansour. “This is just the beginning of a long collaboration to unlock the full potential of prediction markets.”
The prediction market industry fits X’s vision to evolve into a comprehensive platform, capitalizing on its trend and news leader role. While xAI’s denial quashes immediate partnership claims, its openness to discussions signals potential interest in prediction markets, where AI could amplify real-time insights.
xAI’s cautious stance reflects its focus on strategic AI development while navigating speculative buzz. As X pursues its “everything app” ambition, prediction markets could enhance its ecosystem, blending social media’s pulse with AI-driven analytics. With no partnerships confirmed, xAI’s future moves may yet redefine how users engage with event-based predictions, positioning it at the forefront of AI innovation.
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