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Volvo slates 2030 as its year to go fully electric
Volvo is joining the growing list of automakers who have pledged to develop only electric vehicles by a certain date. Today, the Swedish car company insisted that it will no longer sell combustion engine cars by 2030, switching to completely electric powertrains by the end of the decade.
The company announced its intentions to go fully electric by 2030 in a press release on its website earlier today.
Aligning with its plans to transition to a fully-electric car maker is Volvo’s ambitious climate plan, which the company entails as a necessary step to “reduce the life cycle carbon footprint per car through concrete action.” Volvo plans to begin pushing its electric vehicles through online sales, offering a more complete, attractive, and transparent consumer offering. Volvo will only offer its electric vehicles online and not at any of its dealership locations.
XC40 Recharge Pure Electric P8 Sage Green (Credit: Volvo)
Henrik Green, Chief Technology Officer for Volvo, recognizes that there is no future if the company cannot begin transitioning away from gas-powered motors. “There is no long-term future for cars with an internal combustion engine,” Green said. “We are firmly committed to becoming an electric-only car maker, and the transition should happen by 2030. It will allow us to meet the expectations of our customers and be a part of the solution when it comes to fighting climate change.”
The biggest driving factor in Volvo’s choice to transition to all-electric powertrains is the growing demand for electric cars in recent years. As more people begin to purchase battery-powered cars, combustion engine sales are down, and Volvo has seen a trend in consumer purchases that encourages its business model to shift toward electric powertrains.
“To remain successful, we need profitable growth. So instead of investing in a shrinking business, we choose to invest in the future – electric and online,” Volvo’s CEO, Håkan Samuelsson, said. “We are fully focused on becoming a leader in the fast-growing premium electric segment.”
While 2030 is the goal for Volvo to go 100% fully electric, the company is establishing other short-term goals for itself to ensure its transition takes place in a timely, efficient, and sustainable manner. By 2025, Volvo hopes to have at least 50 percent of its total global sales to be fully electric. The other 50 percent should be hybrids, the company said.
Volvo has established its own stand-alone EV brand called Polestar, which has upheld the Swedish parent company’s reputation for safe vehicles. Volvo has also released its own EV, the XC40 Recharge, which became available in global markets last year. Its next EV, the C40, will be an add-on to its 40 Series and was unveiled today.
News
Morgan Stanley’s Adam Jonas dubs Tesla FSD a “game changer” after marathon drive
Jonas reported that FSD handled more than 99% of the miles.

Morgan Stanley’s analyst Adam Jonas shared a notable endorsement of Tesla’s Full Self-Driving (FSD) software after completing a 1,400-mile round trip from New York to Michigan in his Model Y.
Jonas reported that FSD handled more than 99% of the miles, calling the system “a game changer” for long-distance driving.
Hands-free experience
Jonas drove his 2021 Tesla Model Y equipped with Hardware 3 and FSD Supervised v12.6.4, and he used the system nearly the entire trip. “Having your hands off the wheel and feet off the pedals for nearly 12 hours of driving is a real game changer that is hard to appreciate without experiencing it for yourself,” he noted.
He explained that outside of two heavy downpours, one on the Pennsylvania Turnpike and another in suburban Detroit, plus some light maneuvering in fast food parking lots, FSD handled the drive without any human intervention. “FSD made no mistakes or close calls that I recall. The system handles highways very safely and confidently. I cannot imagine buying another EV without FSD.”
Broader implications
Jonas added that he has used FSD consistently over the past 18 months, and the $8,000 he paid for the feature feels like a bargain considering the value. He also praised Tesla’s Supercharging network, which supported his trip without issue.
Jonas has been one of Wall Street’s most closely followed voices on Tesla, and his comments add weight to the ongoing debate about the role of autonomy in the company’s future. His current price target for Tesla stock stands at $410. During Morgan Stanley’s 13th Annual Laguna Conference, he echoed similar experiences with Tesla’s software, emphasizing that FSD “probably drove well over 99% of the miles” on his recent trips.
Elon Musk
Elon Musk just bought $1 billion in Tesla stock, his biggest purchase ever
Prior to this latest move, Musk’s most recent purchase was for about 200,000 shares worth $10 million in 2020.

Tesla (NASDAQ:TSLA) shares rose on Monday after CEO Elon Musk disclosed a rare insider purchase of company stock worth about $1 billion.
A filing with the U.S. Securities and Exchange Commission (SEC) revealed that Musk acquired 2.57 million shares last Friday at various prices. The move represents Musk’s largest TSLA purchase ever by value, as per Verity data.
Elon Musk’s TSLA purchase
The disclosure sent Tesla shares up more than 8% in premarket trading Monday, as investors read the purchase as a notable vote of confidence, as stated in a CNBC report. Tesla stock had closed slightly lower Friday but remains more than 25% higher over the past three months. It should be noted that prior to this latest move, Musk’s most recent purchase was for about 200,000 shares worth $10 million in 2020.
Market watchers say the purchase could help shore up investor sentiment amid a volatile year for TSLA stock. Shares have faced pressure from a variety of factors, from year-over-year sales challenges due to the new Model Y changeover, political controversies tied to Musk, and reduced U.S. incentives for EVs under the Trump administration. Nevertheless, analysts such as Wedbush’s Dan Ives stated that Musk’s purchase was a “huge sign of confidence for Tesla bulls and shows Musk is doubling down on his Tesla A.I. bet.”
Tesla and Elon Musk
Musk already owns about 13% of Tesla, and his latest purchase comes as the company prepares for a key shareholder vote in November. Investors will decide whether to approve a compensation package for Musk that could ultimately be worth as much as $975 billion if ambitious market value milestones are achieved. The package has a long-term target of pushing Tesla’s market capitalization to $8.5 trillion, compared with about $1.3 trillion at Friday’s close.
Wall Street’s current consensus price target still implies a roughly 20% decline from current levels, though some Tesla bulls remain optimistic that the company could shift its focus toward autonomy, AI, and robotics. Musk has also asked shareholders to approve an investment into his latest venture, xAI.
News
Tesla adjusts one key detail of Robotaxi operations in Austin

Tesla is adjusting one key detail of Robotaxi operations in Austin: service hours.
Tesla’s Robotaxi platform in Austin has been active since late June and has been running smoothly since then. It has its limits, as Tesla has set hours that Robotaxis can operate, as well as a distinct Service Area, also known as a geofence, which has expanded three times already.
While the geofence is currently approximately 170 square miles in size, Tesla has recently enabled freeway drives, which also necessitated an adjustment to the company’s strategy with its “Safety Monitors.”
Tesla explains why Robotaxis now have safety monitors in the driver’s seat
Traditionally, they sit in the passenger’s seat. During highway driving, they move to the driver’s seat.
These are just a few adjustments that have been made over the past two and a half months. Now, Tesla is adjusting the service hours of Robotaxi operation in Austin, but only slightly.
Tesla will now operate its Robotaxi ride-hailing service from 6 a.m. to 2 a.m., extending the hours by two hours. It previously shut down at midnight.
🚨 Tesla Robotaxi operation in Austin now will end at 2 a.m., a two-hour extension from its previous end time of midnight.
Its new service hours are now 6 a.m. to 2 a.m. local time pic.twitter.com/wXdYO6ARPB
— TESLARATI (@Teslarati) September 13, 2025
Tesla has implemented a variety of safeguards to ensure riders and drivers are safe during Robotaxi rides, and they have made it a point to adjust things when they feel confident that it will not cause any issues.
Many people have been critical of Robotaxi, especially because a person sits in the front of the car.
However, an accident or some type of mistake could do more damage to the autonomous travel sector than anything else. This would not just impact Tesla, but any company operating an autonomous ride-hailing service in the country.
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