Weekend Round-Up: Tesla Triumphs Amid EV Sales Slump, Ford Faces Recall Woes And BYD Plays The Bond Card
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Published on March 29, 2026.
The automotive industry has seen significant developments this week, with Tesla Inc., Ford Motor Company, and General Motors reporting a 28% drop in EV sales in Q1. Despite this, Tesla managed to maintain a market share of over 50% in the US for electric vehicle sales, a significant increase from being below 50% last year. Ford has issued a recall for over 254,000 SUVs due to a defect with the Image Processing Module A (ISP), raising questions about the company's quality control practices. Meanwhile, Chinese automaker BYD has launched a new advertising campaign featuring actor Daniel Craig, part of its strategy to expand its sales outside of China. Shares of General Motors have also surged due to falling crude prices, potentially benefiting the company.
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