

News
China’s electric vehicle subsidy program extended to end of 2023
China’s Ministry of Finance, State Taxation Administration, and Ministry of Industry and Information Technology (MIIT) announced it will extend its subsidy program for new energy vehicles (NEVs) until the end of 2023. The program was set to be terminated at the end of 2022.
The MIIT said the extension was to support the NEV sector’s development and stimulate automobile consumption. Vehicles purchased in 2023 of specifically-qualified models will qualify for the extended subsidy program, a statement from the agency said. An official list is set to be released soon.
The MIIT’s decision marks the third time the NEV subsidy program has been extended by the Chinese government. The newest extension, which will bring the program to a close at the end of next year, will cost taxpayers roughly 100 billion yuan, or over $14 billion.
The Chinese EV market is the largest globally, just as its overall passenger vehicle market is also the biggest on Earth. Last year, the country accounted for more than 57 percent of the world’s total EV production. Even Tesla’s Gigafactory Shanghai accounted for a majority of the automaker’s global deliveries as it was utilized as an export hub for the European market while also supplying cars for customers domestically.
The growth of the Chinese EV market has obviously convinced the government to continue extending subsidies as the country’s focus on sustainable transportation and technology comes to the forefront. China could widely be considered the global leader in EV-related sectors as well, as it has some of the largest EV battery manufacturers and suppliers in the world. CATL, a company based in China, supplies several of the world’s biggest EV companies with battery cells.
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H/t: CNEVPost
News
NHTSA probes 2.9 million Tesla vehicles over reports of FSD traffic violations
The agency said FSD may have “induced vehicle behavior that violated traffic safety laws.”

The U.S. National Highway Traffic Safety Administration (NHTSA) has opened an investigation into nearly 2.9 million Tesla vehicles over potential traffic-safety violations linked to the use of the company’s Full Self-Driving (FSD) system.
The agency said FSD may have “induced vehicle behavior that violated traffic safety laws,” citing reports of Teslas running red lights or traveling in the wrong direction during lane changes.
As per the NHTSA, it has six reports in which a Tesla with FSD engaged “approached an intersection with a red traffic signal, continued to travel into the intersection against the red light and was subsequently involved in a crash with other motor vehicles in the intersection.” Four of these crashes reportedly resulted in one or more major injuries.
The agency also listed 18 complaints and one media report which alleged that a Tesla operating with FSD engaged “failed to remain stopped for the duration of a red traffic signal, failed to stop fully, or failed to accurately detect and display the correct traffic signal state in the vehicle interface.”
Some complainants also alleged that FSD “did not provide warnings of the system’s intended behavior as the vehicle was approaching a red traffic signal,” as noted in a Reuters report.
Tesla has not commented on the investigation, which remains in the preliminary phase. However, any potential recall could prove complicated since the reported incidents likely involved the use of older FSD (Supervised) versions that have already been updated.
Tesla’s recent FSD (Supervised) V14.1 update, which is currently rolling out to drivers, is expected to feature significantly improved lane management, intersection handling, and overall driving accuracy, reducing the chances of similar violations. It should also be noted that Tesla maintains that FSD is a supervised system for now, and thus, is not autonomous yet.
While autonomous systems face scrutiny, NHTSA’s own data highlights a much larger danger on the road from human error. The agency recorded 3,275 deaths in 2023 caused by distracted driving due to activities like texting, talking, or adjusting navigation while operating a vehicle manually. It is also widely believed that a good number of traffic violations are unreported due to their frequency and ubiquity.
News
Tesla quietly files for Model Y+ in China, and its range numbers could be wild
The upcoming variant was listed in the Ministry of Industry and Information Technology’s (MIIT) public catalog.

Tesla has filed for regulatory approval of a new Model Y+ in China, hinting at a long-range update to its best-selling crossover SUV.
The upcoming variant was listed in the Ministry of Industry and Information Technology’s (MIIT) public catalog.
Mirroring Model 3+ Range
Based on the MIIT’s catalog, the Model Y+ will feature a 225 kW/302 horsepower single-motor setup. It will also feature ternary LG Energy Solution batteries, similar to the long-range Model 3+, which was launched earlier this year. The vehicle is expected to offer around 800 kilometers of CLTC range, potentially making it the longest range Model Y in Tesla China’s lineup.
The new Model Y+, identified under model number TSL6480BEVBR0, retains the same five-seat configuration and dimensions as the current Model Y. Though Tesla has not yet confirmed official range figures, industry observers expect it to be quite similar to the Model 3+’s 830-kilometer CLTC performance, as noted in a CNEV Post report.
Intensifying Competition
Tesla’s filing comes amid intensifying domestic competition in China. The U.S. EV maker sold 57,152 vehicles in August, down nearly 10% year-on-year, though up almost 41% from July’s 40,617 units, as noted by data from the China Passenger Car Association (CPCA). Still, the Model Y+ could help Tesla regain traction against strong local players by offering class-leading range and improved efficiency, two factors that have become a trademark of the electric vehicle maker in China.
Tesla’s experience with the Model 3+, which received a RMB 10,000 price cut within a month of launch, suggests that raw range numbers alone may not guarantee stronger sales. With this in mind, the rollout of features such as FSD could prove beneficial in boosting the company’s sales in the country.
Elon Musk
‘I don’t understand TSLAQ:’ notable investor backs Tesla, Elon Musk

One notable investor that many people will recognize said today on X that he does not understand Tesla shorts, otherwise known as $TSLAQ, and he’s giving some interesting reasons.
Martin Shkreli was long known as “Pharmabro.” For years, he was known as the guy who bought the rights to a drug called Daraprim, hiked the prices, and spent a few years in Federal prison for securities fraud and conspiracy.
Shkreli is now an investor who co-founded several hedge funds, including Elea Capital, MSMB Capital Management, and MSMB Healthcare. He is also known for his frank, blunt, and straightforward responses on X.
His LinkedIn currently shows he is the Co-Founder of DL Software Inc.
One of his most recent posts on X criticized those who choose to short Tesla stock, stating he does not understand their perspective. He gave a list of reasons, which I’ll link here, as they’re not necessarily PG. I’ll list a few:
- Fundamentals always have and will always matter
- TSLAQ was beaten by Tesla because it’s “a great company with great management,” and they made a mistake “by betting against Elon.”
- When Shkreli shorts stocks, he is “shorting FRAUDS and pipe dreams”
After Shkreli continued to question the idea behind shorting Tesla, he continued as he pondered the mentality behind those who choose to bet against the stock:
“I don’t understand ‘TSLAQ.’ Guy is the richest man in the world. He won. It’s over. He’s more successful with his 2nd, 3rd, and 4th largest companies than you will ever be, x100.
You can admit you are wrong, it’s just a feeling which will dissipate with time, trust me.”
i dont understand “$TSLAQ”. guy is the richest man in the world. he won. it’s over. he’s more successful with his 2nd, 3rd and 4th largest companies than you will ever be, x100.
you can admit you are wrong, it’s just a feeling which will dissipate with time, trust me. https://t.co/dkqrISCldp
— Martin Shkreli (@MartinShkreli) October 8, 2025
According to reports from both Fortune and Business Insider, Tesla short sellers have lost a cumulative $64.5 billion since Tesla’s IPO in 2010.
Shorts did accumulate a temporary profit of $16.2 billion earlier this year.
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